We buy houses in Newnan Georgia, and provide homeowners with the ideal way to sell their homes fast by offering cash for houses in Newnan GA. Is it still a buyer’s market today in Georgia? As homebuyers in Newnan GA and experts in the GA real estate market, we get asked this question a lot.
The answer isn’t as simple as yes or no.
The State of the Market for Buyers in Newnan GA
First off, it really depends on the property type and location.
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But, for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Newnan GA but seem to be rebounding as the rental market increases.
Investment properties are in demand. The massive amounts of foreign cash flooding in to invest in US real estate have impacted the GA market in unique ways.
Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace. Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.
Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.
Overall, the buyers’ markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sound confusing? It is. But, we can help.
Sell My House in Newnan GA
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once. We are local Newnan GA home buyers, and we’re investing in Newnan because we believe in the community and the people here.
Give us a call anytime (678) 710-6130 or fill out the form
over here today if you’re looking to sell a Newnan GA house fast!
Greg Kurzner, is CEO of Resideum, Atlanta’s Professional Homebuyer company. Greg has been a force in Atlanta real estate for over 30 years. He has been involved in the sale of over 1 Billion in real estate transactions in his career and consistently ranks #1 in sales by units by Atlanta Realtor Association. In addition to Greg being a licensed real estate broker, he is also a licensed general contractor and a nationally-recognized expert in investment real estate.