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Home Buyers have jumped off the fence and they are BUYING! If you

Posted by RCPAP on February 20, 2013
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Today’s buyers are able to get 30 year interest rates in the 3-5% range. This means it is extremely cheap to borrow money for 30 years. All the buyers that have been waiting for the perfect opportunity to buy have found it, they are buying. The statistics show Dallas Georgia homes priced between $100,000 to $125,000 have a 54.1% chance of selling. That may not sound great, BUT, remember interest rates are lower than they have EVER been, folks are buying, and we are headed into spring when folks will really start looking for homes.

Just like any other product that is bought and sold, real estate is affected by supply and demand. By determining the absorption rate we can tell what you should realistically expect to sell your Dallas Georgia home for. Let’s look at the below example, it is for all the February 2012 Market Absorption information for Dallas Georgia homes priced between $100,000 to $125,000.

Current number of homes on the market _____87 _________
Number of homes that failed to sell in the past 12 months _____456_________
Number of homes that Sold in past 12 months _____235_________
Total number of homes sold per month _____19.58_______
Total Months worth of Inventory _____4.4_ _______

Current number of homes on the market ______87 _____
Number of new inventory for this period ______21.75____
Total Inventory ______108.75___
Number of Homes that will sell ______58.74 ____ __54.1%____
Number of Homes that will not sell ______50.01___ ___45.9%____

Average Sold Price during the last 12 months _$108,374_

Here are the percentages over the last 12 months for Dallas Georgia homes ranging from $100K-125K

% of Homes Months Days on
Month that will sell of Inventory Market
February 2011 29.7% 8.9 75
March 2011 27.6% 9.4 74
April 2011 27.3% 8.4 79
May 2011 15.6% 9.7 81
June 2011 32.3% 9.7 81
July 2011 29.3% 9.7 81
August 2011 32.1% 9.0 83
September 2011 38.9% 7.7 85
October 2011 46.1% 5.2 82
November 2011 54.4% 4.4 86
December 2011 49.3% 4.9 87
January 2012 52.2% 4.6 86
February 2012 54.1% 4.4 81

Dallas Georgia homes with truly AMAZING prices will get more than one offer. When this happens, the seller notifies everyone there are multiple offers and asks each buyer to make their “Highest & Best” offer. This usually creates an offer war between buyers pushing the price of your home above the listed price. If you believe your home should be in the range of $100,000 to $125,000 and you want to make sure your home is one of the homes that sells for the most money possible, with as little hassle as possible, and as quickly as possible; we believe your list price should be between $102,900 and 107,900.

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