Welcome to my blog. . . .

I hope to bring new topics each week. Homes for sale, buyer information, seller tips, local statistics on the real estate market and more. Please email me if you have an idea that you would like covered.

Friday, November 19, 2010

Buying my first home in the Atlanta area.



While doing some research for a client who was looking to purchase their first home, I was amazed at how many homes were available in their price range.  They wanted to be in the Cobb County area and preferred to stay under $125,000.  They also desired a single family detached home as opposed to a condo or townhouse.  Surprisingly, I found that there were 1100 homes currently for sale in Cobb County within their price range.  Shouldn't have a problem finding 1 that they will like!  It wasn't too many years ago that number would have been 10-15 homes total.  I decided to to check out some other areas to see what their numbers looked like.

Cherokee County - 315
Paulding County - 574
Fulton County - 1650
Dekalb County - 1447
Gwinnett County - 1578
Clayton County - 479
Forsyth County - 140
Douglas County - 478

There are over 10,000 homes currently for sale around the Atlanta area priced at $125,000 or less!

My clients decided to limit their search to homes in Cobb County with at least 4 bedrooms and 2 baths and really wanted a basement.   This criteria reduced their choices to 158 homes . . . still plenty to consider!
As an additional bonus. . . .mortgage rates continue to stay in the mid 4% range for 30 year fixed rate loans.  Taking that into consideration along with the interest deduction on their income taxes. . . first time buyers should be lined up to make their purchases over the next six months.  

Please call, email, or comment here, if you have any questions about the overall home buying process.

678-784-4354  

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