If you’re thinking about purchasing a home and you’re on the fence then let me tell you about the deal my latest buyer got.
She was looking for something large enough for her and her son, daughter-in-law and two grandchildren in the Braselton Ga area, preferably a 4 or 5 BR house. She told me she had a price range of $225k and below and in a different market this would be a tough find. We looked at several homes and kept coming back to the first listing we viewed. This home was only 1 year old, 5BR/4BA, over 3500 sqft and located within 3 miles of Braselton and I85.
Anyone that’s ever looked at a foreclosure knows these homes generally need some work. This particular home was practically move in ready. Granite countertops, stainless appliances, hardwood floors, and a fenced back yard are just a few of the features that impressed the buyer.
The list price for this home was unbelievable at $171k! We made an offer and within 4 days were under contract. Here’s where the story gets even better. The buyer applied for financing with her lender and locked in a rate of 4.85% on a 30 year fixed!! Then comes the news that the bank appraisal came in at $241k! If you do the math that’s a $70k difference.
To use the buyer’s own words, it was the “Perfect Storm” of home buying. Unlike the weather these stories are becoming more and more predictable in the current real estate market because of inventory levels and interest rates.
If you’re thinking about buying but you’re on the fence, let this story be an incentive for you to call me to discuss your options. There is expected to be twice as many foreclosures on the market in 2009 than 2008 so there is no question the deals are out there. The question is…Are you ready for your Perfect Storm?
Steve Rider REALTOR with Keller Williams Realty Lanier Partners Braselton Ga, selling homes in Winder, Braselton, Dacula, Lawrenceville, Buford, Grayson, Loganville, Monroe and surrounding areas of Barrow, Walton and Gwinnett County Georgia. Go to WWW.SteveRider-Realtor.com to see my featured listings or search for your new home.
If you're looking for a home in Northeast Georgia contact me either by clicking on the email link or call me toll free at 800-765-0460 or 404-663-7063 direct. I'm a life long resident of this area with life long knowledge of the market.
Gwinnett Realtor Steve Rider-Buyer gets unbelievable deal in "Perfect Storm"
