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It’s a Buyers Market in the North Georgia Mountains
It’s a buyer’s market in the North Georgia mountains right now! Today, there are lots of factors influencing the market and they all mostly lean toward the buyer. Due to a nationwide real estate slow down, including a slowdown in Florida, our market has an oversupply of property. This favors buyers in two ways. One is, the buyer has more selection, both with homes and raw land. Two is, sellers have been forced by the market to be more competitive with their pricing, passing on a better value to the buyer.
Recently much media hype has been focused on mortgages and the sub-prime markets. Fortunately, because a large portion of the market in the North Georgia mountains is solely for investment(whether it be second homes, raw land, etc.) we have not experienced much of the sub-prime issues and our market has not been inundated with foreclosures. Appreciation of properties is continuing at a steady rate.
As a buyer, this is a large factor to consider. Are the homes and properties around you going to appreciate at a solid rate? Is the market you are buying in continuing to grow? Will you be happy with your investment in the future? All factors point to “yes”. Our area is continuing to grow at a solid rate. Our county is focusing on new roads and infrastructure.
Our county is working on large new projects such as a new middle school, new hospital, new courthouse, and a new public library. All of these are indicators of growth. All of these are positive signs for today’s buyers.
Now is a great time to buy in the North Georgia Mountains, and the Hills of Ellijay Team at Oprandi Realty stands ready to help you buy! Visit us at www.hillsofellijay.com , or call us at (706) 698-4455, we’d love to make your real estate dreams and goals a reality. Head for the Hills of Ellijay!!
Buyer’s Market in North Georgia (Click here to search Google)
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The Author: Cat Benitez
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This entry was posted by Cat Benitez, on Friday, August 31st, 2007 at 12:08 am and is filed under Real Estate News, Featured. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.







