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Dallas Georgia Homebuyers, NOW IS THE TIME TO! Don

Posted by RCPAP on March 1, 2013
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Have you been waiting to buy a Dallas Georgia Home? GREAT! As a buyer with great credit today you may be able to get 30 year interest rates in the 3.5-4% range. Even if your credit is not great you should still be able to get less than 5%. That is lower than rates have been since the mortgage industry began. This means, your monthly payment will be lower than ever.

The bad news is, the market is changing to favor the seller. This means, you need to BUY NOW, before the prices go up for good. Remember, real estate, just like any other product that is bought and sold, is affected by supply and demand. We should look at the Dallas Georgia market absorption rate to tell us what is an amazing buy on your Dallas Georgia home purchase. The below statistic is February 2012 Market Absorption for Dallas Georgia homes, priced between $125,000 and $150,000

Current number of homes on the market _____82 _________
Number of homes that failed to sell in the past 12 months _____535_________
Number of homes that Sold in past 12 months _____169_________
Total number of homes sold per month _____14.08_______
Total Months worth of Inventory _____5.8_ _______

Current number of homes on the market ______82 _____
Number of new inventory for this period ______20.5 ____
Total Inventory ______102.5 ___
Number of Homes that will sell ______42.24___ ___41.3%____
Number of Homes that will not sell ______60.26 __ ___58.7%____

Average Sold Price during the last 12 months _$131,547_

Dallas Georgia Homes have sold better in the last 3 months than they have in any of the the last 12 months. You can see this in the below percentages from the last 12 months for Dallas Georgia homes ranging from $125K-150K

% of Homes Months Days on
Month that will sell of Inventory Market
February 2011 25.8% 8.9 94
March 2011 25.7% 9.4 95
April 2011 26.1% 8.4 113
May 2011 23.1% 9.7 88
June 2011 22.7% 9.8 85
July 2011 24.4% 9.9 88
August 2011 26.6% 9.0 90
September 2011 33.9% 7.7 88
October 2011 35.3% 6.8 88
November 2011 35.6% 6.7 91
December 2011 40% 6 92
January 2012 42.9% 5.6 93
February 2012 41.3% 5.8 88

So what is an AMAZING PRICE? For the Dallas Georgia homes in the range of $125,000 to $150,000 we feel a great price would be anything $124900 or less. You say, “that is not in the price range of $125,000 to $150,000.” Now you get it. That is what makes the home a great buy! If it should be in this price range, but is actually priced less.

How do you know where a home should be priced? You either spend a ton of time researching prices on the internet or you save all of your time and call a real estate professional. If your heating and air stopped working, you would call a professional for their expertise to repair or replace it. So don’t waste your time trying to determine what the value of a Dallas Georgia home is, call a professional for their expertise.

There is a lot of free information available to you about buying, selling or investing in Dallas Georgia real estate. For complete information about the Dallas Georgia real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Dallas Georgia real estate at www.pauldingandpolk.com. Please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your queries. Call me on my cell at 404 374 1620 or email me at craig@pauldingandpolk.com

For a FREE List of 3 Plus Bedroom Dallas Georgia Homes under $150,000 with prices, addresses, and descriptions click the link, fill out the form below.