Just Sold I20 and Fairburn Rd in Douglasville GA

This is the market trends report from one of my recent sales.
The home had 3 bedrooms 1 full and one half bathroom.
It's located in a popular area of Douglasville near I20 off the Fairburn Road exit.
It was listed at $34,900 and the sale went through for $33,000. The seller wouldn't bend on the price and the great thing about this sale is that it closed 17 days after we got under contract.
My home buyer got a great deal on this house because the comps come in at $88,317 and the average value range is $68,887-$107,747.
As of September 2011 the median home value for the zip is $80,000 and for the county is $118,000.
The highest number of foreclosures in the last year were in the month of January 2011 right at about 1400 in Douglas County.
The lowest number of foreclosures in the last year were in the month of October 2011 right at about 700 in Douglas County.
A decrease in the number of foreclosures can indicate that ownership is stabilizing.
The area has 64% home owners and 36% renters.
$800-$1,999 is the mortgage payment range with the highest percentage and $500-$749 is the rent range with the highest percentage.
This report is provided as information to homeowners in Douglasville as well as people looking to buy in the area.
To search mls listings of Douglas County foreclosures click here
If you need any assistance buying, selling or renting a home please feel free to contact me.
Priscilla Hammond

404.503.6562

If You're Under Contract To Buy A House-NO BLACK FRIDAY FOR YOU

If you're under contract to buy a home at this time, you may not be able to go Christmas shopping just yet.
One of the clients I have under contract right now just reminded me of that fact by texting me and asking if I think he could go to Black Friday.
I told him I'd try to find out for sure and let him know. But I DO KNOW for a fact that most underwriters will deny a loan that has been pre-qualified/approved if there are changes in the home buyer's financial/credit file.
How big or small the changes can be, I don't know because it would depend on several different factors.
But I know most home buyers wouldn't have wanted to already put in the time, emotions and money that it may take to buy a house and then have your mortgage loan rejected just prior to closing.
If it were me, I'd hold off on the Christmas shopping and maybe use layaway if at all possible, but don't BLOW your home purchase!!!
Just double check with your lender and find out if it will affect your status and your debt-to-income ratio.

Thanks for reading my blog and Happy Holidays to you!!!

Priscilla Hammond

404.503.6562
search MLS listed homes for sale in Georgia with pictures and virtual tours here

Homes Just Reduced in Cherokee County GA

There are 29 homes that are listed in our database in Cherokee County GA that recently had price reductions.
Most of these homes are for sale in Woodstock and Canton Georgia.
The prices range from $50,000-$749,900 and are all single family residences.
If you want more information on the available homes for sale in Cherokee County, call me!
Priscilla Hammond
404.503.6562

Just Sold I20 and Fairburn In Douglasville GA

This is the current market report for one of my recent residential sales.
The home is a 3 bedroom 2 bath on over 11 acres it was listed at $229,900 we negotiated our client a great deal and they bought it for $209,900.
Home sales for the Douglasville GA area were the highest for the year in June, July and August. In September they dropped 25%.
In July the foreclosure rate spiked at 3%  and in October it was 1.5%.
The stats chart shows that Douglasville has approximately 87% home owners and 13% renters.
Average rent payments are $500-$749 and average mortgage payments are $800-$1,999.
Click here to see homes for sale in the 30135 zip code and call me for an honest, dependable and efficient Real Estate Agent.
Priscilla Hammond

404.503.6562