Zip Code Average List Price Median Sales Price
(Fayette Co.) (week ending Nov. 5) (Date range Jul-Sept 08)
30215 $403,970 $209,936
30214 $314,221 $179,038
30269 $394,855 $240,100
Sellers are more willing to negotiate very good deals with incentives. These incentives might include the seller paying all closing costs and/or escrows. The seller might also contribute funding for interest rate buy downs therefore eliminating almost all out-of-pocket costs associated with closing. This will allow you as the buyer to save your money for other items such as furniture or window treatments or for us in Fayette County/Peachtree City area, buying a golf cart. Add all this to the fact that interest rates are still extremely low, you've got yourself a win, win situation.
In the case of building a new custom home, material prices have dropped substantially and are actually at multi-year lows. The cost of labor has additionally got much friendlier. Both of these items, including a builders willingness to reduce his fees in this very slow market add up to substantial savings, the likes of which have been unavailable in the previous three or four years. Again, you've saved yourself a substantial amount of money that will allow you to spend your money on other items for your home and family.
Now is actually an outstanding time to buy a home and the metro Atlanta area of Peachtree City and Fayetteville are great places to find great buys right now.
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