So How is the Henry County Real Estate Market, REALLY?

By
Managing Real Estate Broker with Ruland & Company Realty Services, LLC GA# 336744

It happens to me all the time...I run in to an old friend somewhere and I get "the question".  "So how is the market, REALLY?"

 

People who want to buy or sell a house all want to know the same thing, albeit for different reasons.  Potential buyers want to know if there are still "good deals" out there.  Sellers want to know if they are still underwater and what their options are.

 

I'm a former appraiser.  I like data...looking at it, manipulating it, crunching it.  I'm like the guys in the Matrix, all you see is squiggly lines, charts, and numbers.  I see trends, neighborhoods that are heating up, and neighborhoods that are cooling down.  Just click here, you'll see what I mean (and I can give you a dozen more just like it if you want).

 

The fact is, here in Henry County, the market is healthy and trending in a good direction.  In fact, right now we are in *gasp* a seller's market.  That's right.  It's simple economics, there are far more buyers than there are listings.  Its not as crazy as "the good ole days" of a couple of years ago, but some of the same conditions exist.  Bidding wars, new construction, and incremental price increases are the new norm.  New construction is heating up in Ola, Union Grove, and Locust Grove.  Its all good news for sellers.  

 

Its not all bad news for buyers though.  Prices are still very affordable and rates are still low.  And yes, the banks are lending.  The only caveat is that you actually have to qualify for a mortgage.  Even still, a low 600's credit score and a job will get you in with FHA.  VA and USDA (100%) loans are available in most of the southern part of Henry County.  My lender partners can often work around previous short sales or foreclosures.

 

I think a lot of people are still shell shocked from the recent recession.  The bottom line is that we are in a bit of a sweet spot for buyers and sellers right now.  Sellers finally can get their heads above water, and the buyers can afford to buy without worrying whether or not purchasing is a smart decision.  

 

I say it IS the right time...buy or sell.

 

Click here to learn more about me.  Or don't, most of you probably don't care about my resume.  You just want results.  I can advise, educate, and facilitate a smooth real estate transaction with you.

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Rainer
287,302
Jason Boone
Duke Warner Realty - Bend, OR
Principal Broker, CRIS, RENE, SRS

Nice looking presentation on the market trends.  I really like looking at data myself, it's a great way to present information when asked the ubiquitous simple question that every buyer, seller and homeowner ask.  Good luck to you.

Sep 26, 2014 09:28 AM #1
Rainmaker
2,757,123
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Wesley - Thanks for the comprehensive report on Henry County real estate market.

Sep 26, 2014 09:44 AM #2
Rainer
16,896
Wesley Ruland
Ruland & Company Realty Services, LLC - McDonough, GA
Owner/Broker. Think of me as a concierge RE agent!
Thanks guys. I wanted to address market conditions in my first blog without getting too far in the weeds with data points and anecdotal evidence through experience. I hope things have turned around in your neck of the woods.
Sep 26, 2014 11:52 AM #3
Rainmaker
1,763,811
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

Thanks for the post Wesley, look forward to seeing more in the future.

Welcome to ActiveRain.

Sep 26, 2014 04:27 PM #4
Rainmaker
710,297
Frank Harper
Idaho Family Real Estate - Boise, ID
Broker/Owner, Realtor, GRI, SFR.

Good job on your first Activerain blog! Keep going and good luck!

Sep 27, 2014 12:17 AM #5
Rainmaker
2,431,937
Captain Wayne - Rowlett Real Estate School
REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida - Panama City Beach, FL
Rowlett Real Estate School / Owner and Instructor

Hi Wes, excellent post.  Welcome to ActiveRain.  It is great to have you aboard.

 

Sep 27, 2014 01:16 PM #6
Rainmaker
985,913
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Looking for a McDonough, Georgia Broker? Contact Wesley Ruland at 770-598-3216.

Oct 01, 2014 04:42 AM #7
Rainmaker
985,913
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Need a managing Broker to McDonough, Georgia? Contact Wesley Ruland at 770-598-3216.

Oct 07, 2014 03:33 AM #8
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Rainer
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Wesley Ruland

Owner/Broker. Think of me as a concierge RE agent!
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