Fairburn, GA Real Estate News

By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Fairburn GA HUD Home - 7699 Overlook Bend in Cedar Grove Village This five bedroom, three full bathroom home in the Cedar Grove Village subdivision with over 2800 square feet of space is just what the big family ordered in their first home.  Priced at $110,000, this home featured vaulted ceilings, huge master suite, a kitchen with an island, and a guest bedroom on the first floor.  For more information about this HUD Home in Fairburn GA and other HUD Homes in Fairburn GA, please call our office at 404 923 4210 or call me directly at 404 246 3210. Fairburn GA HUD Home - 7699 Overlook Bend in Cedar Grove Village The Property Condition Report indicates that this Cedar Grove Village home does not need any repairs.  I always suggest to buyers to go ahead and get an inspection even though the...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Fairburn GA HUD Home - 516 Pecan Wood Circle - Now priced at $54,000 This Fairburn GA HUD Home is in the Herndon Woods subdivision just a few miles southwest of downtown off of John Rivers Road.  Three bedrooms, two and half bathrooms, provide just the right amount of space for a first time home buyer looking for a good property in Fairburn GA.  Herndon Woods is completely built out, so come on over and meet your new neighbors. Give our office a call at 404 923 4210 to schedule a viewing of this property. Fairburn GA HUD Home - 516 Pecan Wood Circle - Now priced at $54,000 This Fairburn GA HUD home does need some repairs, but repairs are not a problem because you can use an FHA 203k or 203b loan to make those repairs prior to closing.  And the cost of the repairs is built into your mort...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Are you buying a HUD Home in Fairburn, GA?  Here's how to search for HUD listings. In Georgia there are a variety of ways to search for available, active listings.  But to get the best results for HUD Homes in Fairburn GA, I recommend two things.  First of all find an agent (like me or one from my office) who is familiar with Fairburn GA and its neighborhoods.  For example, Fairburn GA is an incorporated city, but some of the properties reside outside of the city limits.  Those properties are not subject to city taxes, only to unincorporated Fulton County taxes.  An agent who is familiar with Fairburn can navigate you to listings that best fit your preferences.  Also the agent should be a Certified Selling Agent for HUD.  Only a HUD Certified Selling Agent can make offers for buyers loo...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Want to Buy a HUD Home in Fairburn, GA? First, Get Pre Approved When a buyer is interested in making an offer on a HUD Home in Fairburn, GA, the Selling Broker submitting the bid for the buyer must have either a pre approval letter from a mortgage lender or a proof of funds statement from a bank.  Without one of these documents, the Selling Broker is in violation of the HUD bidding guidelines if he/she submits a bid on a property in Fairburn, GA.  So before we submit your bid on a HUD Home in Fairburn GA, we will ask buyers to provide us with either a pre approval letter or a proof of funds statement. Want to Buy a HUD Home in Fairburn, GA?  First, Get Pre Approved If you are planning to buy a HUD Home in Fairburn, GA, and will be using a mortgage, it is best to get pre approved before ...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Market Report - Fairburn GA Average Sales Price for Single Family Homes - YTD 2011 vs. 2010 As of the end of August 2011, Fairburn GA, a surbuban city in the south part of metro Atlanta, has been challenged with the average sales price of single family homes.  When comparing the year to date results from 2010 and 2011, 2011 started off up and away.  However, in subsequent months, the trend went the other way for Fairburn GA single family homes. Market Report - Fairburn GA Average Sales Price for Single Family Homes - YTD 2011 vs. 2010 The overall year to date drop is about 10%.  What does this mean for Fairburn GA homeowners?  Well, a single family home that was worth $150,000 at the beginning of 2011 might be worth $135,000 as of the end of August.  That $15,000 drop is a pretty dramat...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Buyers wanting to purchase a foreclosure in Fairburn, GA 30213 need to be financially prepared with cash for three items upfront.  The deals on foreclosures in Fairburn, GA 30213 are really great, but without proper preparation of these three cash items, Fairburn GA 30213 buyers will not be able to go far in taking advantage of the deals. Number one, buyers need at least $1000 earnest money.  Earnest money is not a legal requirement for purchasing a foreclosure in Fairburn, GA 30213.  However, sellers practice requiring buyers to pay earnest money when contracting to purchase property.  The typical amount for a Fairburn, GA 30213 foreclosure is $1000.  Earnest money says to the seller that you as a buyer are seriously interested in the property and are committed to the purchase of the p...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
NEW Listing in Fairburn 30213 - Very Nice HUD Home at 725 Pecan Wood Ct This new listing in Fairburn 30213 is a great HUD Home value!  Priced at $75,000 this HUD home features over 2000 square feet of space with three bedrooms, and two and half bathrooms.  The HUD home is located just minutes from downtown Fairburn 30213 in the Herndon Woods subdivison.  With the low South Fulton County property taxes, this HUD home is VERY affordable for the first time home buyer.  There are minimal repairs to be done to it.  The front door is the only item listed in the escrow for repairs on this HUD Home, and it is estimated to cost $300. For more information on placing a bid for this awesome Fairburn 30213 HUD Home or other HUD Homes in Georgia, call our office at 404 923 4210 or call us directly at...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
In this first of a series of posts about investing in real estate in Fairburn, GA, let's talk about what is important to an investor.  Fairburn, GA, has some great deals available for investors, and I'm the real estate broker who can point investors to those great deals.  Call me at 404 246 3210 to talk further. This post is centered around purchasing single family homes.  As an investor in Fairburn, GA, single family homes are a good place to start if you are new to real estate investing.  Three or more bedrooms and two or more bathroms have a high demand from renters.  As an investor you want your property to be as attractive as possible to potential tenants.  So focus on meeting the demands of tenants looking at real estate in Fairburn, GA. Another critical point for real estate inve...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Fairburn, GA is a great little city in metro Atlanta located in South Fulton County.  Fairburn, GA is less than ten minutes from the Hartsfield Jackson International Airport, fifteen minutes from downtown Atlanta, and has acces to public transportation.  The MARTA bus line runs through downtown Fairburn, GA along Roosevelt Highway. On the west side of Fairburn, GA, is the Cedar Grove area.  The Cedar Grove area features several subdivisions and the Village of Cedar Grove Shops.  Here in the small group of shops in Fairburn, GA, you will find Owner Reggie Scales and the Viewpoints Barber Shop.  Viewpoints Barber Shop is a great place to get a haircut and have good conversation.  Most of the clients at Viewpoints Barber Shop are men and boys, but there are some ladies who come in for a tr...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Even though the statistics continue to prove that over 80% of home sales are accomplished with the assistance of a licensed real estate professional, sellers are still looking at listing their property on their own.  The FSBO (for sale by owner) seller is convinced that he or she can go it alone and save the cost of the real estate's commission in the process.  Sellers in Fairburn, GA - here's some additional food for thought: It's more than placing a sign in the yard and getting online.  While the majority of today's buyers are finding their homes online, there is a connection that has to be made from the time they find your home in Fairburn, GA online and the time you respond back to their inquiry.  Statistics from lead generation companies show that the buyer wants to be engaged with...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
NACA continues to be a great program to help buyers purchase in Fairburn.  The purchase program is for anyone who want to become a member of the organization and participate in NACA volunteer activities throughout the year.  You can get more details at www.naca.com. With no down payment and no closing costs, the NACA buyer in Fairburn can own a very nice new home with minimal out of pocket expense and a great interest rate.  NACA takes the seller's contribution towards closing costs and applies it as a 'buy down' of the interest rate.  So the NACA buyer in Fairburn can get a lot more house depending on how affect of the 'buy down' of the interest rate.  A typically payment for an 30 year fixed FHA mortgage that is $1500 can be as low as $1000 for the NACA buyer in Fairburn.  That's the ...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Fairburn 30213 New Listings New Listings of single family homes in Fairburn 30213 increased by 19% in May 2011 as compared to May 2010.  This increase in listings in Fairburn is a significant change and points to continued improvement in the Fairburn real estate market.  Being that the number of new foreclosures did not increase during the same period, the rise in New Listings in Fairburn is attributable to growth in short sales and new construction. Fairburn 30213 Pending Sales Pending Sales of single family homes in Fairburn increased an amazing 83% in the month of May 2011 as compared to May 2010.  This whopping increase shows that the buyers are coming back to the market and taking advantage of the tremendous deals available on single family homes in Fairburn.  Again positive news t...
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By Christopher Lotte, Central Ohio Real Estate Agent, 614-390-9243
(Red 1 Realty)
Fairburn, GA home for sale at 5015 Burberry Way (Fairburn, GA 30213) Amenities: Pool, Sidewalks, Undergound Utilities, Neighborhood Assoc.; Exterior: Deck/Patio, Porch; ... View ALL Property Details, Photos and Virtual Tours for 5015 Burberry Way at: http://atlantarealtysearch.com/?listing=82990200   1255 5015 Burberry Way, Fairburn, GA 30213  Fairburn Real Estate
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
I was talking over an offer with a buyer last week for a property that he was interested in making an offer on.  We had made an offer about 30 days before, but the seller selected another offer from a different buyer.  My buyer and his family had seen this home, and they really liked it.  So the listing comes around again, and we prepare the best offer possible based on his pre approved loan amount and the request for 'Highest and Best'.  As we talked through the numbers, I reiterated to the buyer that he has to think about the money in two different ways. First the offer we were making which includes the offer price and seller concessions are one set of numbers and represent one financial path we are on.  So our offer price of X and our requests for seller concessions of A for the clos...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Fairburn (30213) Real Estate Update - March 2011 - Average Sales Price The Average Sales Price for a single family home in Fairburn in March 2011 was $84,765.  This number represents a 31% decrease from 2010 to 2011.  The first quarter results for Fairburn single family homes are also down by 8.8%.  With sales volume decreasing so significant, the recovery in home values may take a little longer than most of us hope for.  As you might expect the Total Sales Volume for Fairburn single family residences was also down from 2010 to 2011. Fairburn (30213) Real Estate Update - March 2011 - Average Days on Market The Average Days on Market for Fairburn single family homes increased by 29.7% from 2010 to 2011.  The first quarter for Average Days on Market shows an overall increase of 3.5%.  Fai...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Fairburn (30213) Real Estate Update - News for March 2011 - New Listings New Listings for Fairburn 30213  dropped by 7.0% in comparing the results for March 2010 versus March 2011.  This slight reduction in New Listings for Fairburn 30213 cuts into the trend for 2011 overall.  The first quarter results for 2011 versus 2010 are very positive and point towards a trending improvement in the Fairburn real estate market.  The 8.8% increase in New Listings is encouraging for the first quarter. Fairburn (30213) Real Estate Update - News for March 2011 - Pending Sales March 2011 Pending Sales for Fairburn 30213 are up by 25% from March 2010.  This is a huge jump and points to an increase in demand for real estate in Fairburn.  Again very encouraging news for the Fairburn Real Estate Market.  In...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Rules around income requirements and income verification have tightened in the mortgage industry, and it is important for buyers to know what to expect from lenders.  Here are five general guidelines about income for buyers to consider: Lenders look at gross income (income before taxes and other deductions) when trying to qualify buyers for a mortgage. Lenders must document the source of a buyer's income for most loans.  Lenders will request two months or more of current pay check stubs from buyers. Lenders may or may not count 'extra' income depending on underwriting guidelines.  'Extra' income includes overtime pay, bonuses, special incentives, and other income that not regularly earned.  Underwriting guidelines will determine what income can be counted and what income cannot be count...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Fairburn Real Estate Report - February 2011 There was lots of activity in Fairburn Real Estate in February.  Here are some of the stats and details of how February 2011 compares to February 2011: New Listings for Single Family Homes in Fairburn were up 17% over February 2010.  This is a general indication that the market in Fairburn is picking up positively. Foreclosure Listings for Single Family Homes in Fairburn were flat in year over year results.  So the increase in New Listings resulted in either more short sales or more owners seeking to sell at retail. Pending Sales were up in Fairburn as well.  There was a 24% increase in the number of Pending Sales.  Again a significant number to indicate a positive trend. Closed Sales were down by 9.4% for Single Family Homes in Fairburn.  See...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Fairburn HUD Homes - Available Single Family As of February 26, 2011, there are ten HUD Homes listed in Georgia MLS ranging in price from $55,000 to $183,000 in the city of Fairburn.  These Fairburn Single Family HUD Homes represent some great values when you compare what the property originally sold for and what it is listed at now.  For example, 205 Buckingham Lane in the Parks of Durham Lakes subdivision is a five bedroom, three bathroom home with over 3000 square feet of living space.  This home originally sold for $218,000 in 2006.  Today it is listed for $132,300 - a 65% drop in price.  The property taxes for this Fairburn HUD home are $2304 which is very reasonable for so much space.  It's not a surprise that this Fairburn HUD Home is currently under contract. Fairburn HUD Homes ...
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By Jordon Wheeler, J W Group Real Estate Sales and Service
(The Jordon Wheeler Group)
Fairburn Real Estate - Single Family Home Short Sale Listings As of February 26, 2011, Fairburn currently has 48 single family home short sale listings in the Georgia MLS.  The average price of the Fairburn single family home short sales is $110,495 with a high list price of $204,990 and a low list price of $35,000.  4650 Corn Creek Drive has been on the market for 844 days, and the list price on this short sale has dramatically dropped from a high of $310,000 to $125,000 as of January 25, 2011.  With over three and half acres of land and the potential for commercial usage, this property looks like a great longterm investment.  Call our office at 404 923 4210 for more information about this property listing. Fairburn Real Estate - Single Family Home Short Sale Listings Another great sho...
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