Selling your Athens, GA Home in 90 Days

In Athens we think UGA, and when you think UGA you think football. Coach Mark Richt has a play book. Through much research and deliberation over the local real estate market, I have developed a "Playbook" on how to sell any home in 90 Days. I feel so confident about this that if a Seller takes me up on this offer and their home is not sold in 90 Days, the savings will be self-evident. You see, there are rules in a playbook which if followed can assist a Team to achieving their desired goals. All it takes is a meeting and I will show you how to make it happen!

Freddie Mac's Bulletin to Appraisers

Realtors, lenders, and home sellers are applauding Freddie Mac's efforts to put some sanity into the appraisal process. In a Bulletin to Appraisers, Freddie stated that appraisers must be familiar with the local market in which properties they are valuing are located. They are also to select "appropriate comparable sales," and certify them as the homes "most similar" to the subject property being appraised.

What was further a big plus for non-distressed sellers was that Freddie said that based upon appraisal rules, appraisers are not required to select distressed properties as comparable properties as part of the process.

Patience is a Virtue for Athens and Oconee, GA Sellers

Posted on July 5, 2009 by hankbailey

Report Generated For: 4/3/2009 – 7/3/2009

Athens MLS Area: 07:South Oconee Co., 08:Watkinsville/Oconee Co., 09:West Oconee Co.

Home Sales Price # Mkt Share Avg DOM

200,000 – 249,999 11 13% 217

250,000 – 299,999 6 7% 189

300,000 – 399,999 12 14% 236

400,000 – 499,999 12 14% 334

500,000 – 749,999 4 5% 423

The biggest battle we face, and you could call it that some days, is that of trying to keep the frustration level down for home sellers. The information, provided via the Athens MLS reveals that 47 percent of homes sold in Oconee County, where the average sales price was $287,000 during this time frame, was under $200,000!

How does this compare to Athens-Clarke?

Athens MLS Area: 01:West Athens/Clarke Co., 02:North Athens/Clarke Co., 03:East Athens/Clarke Co., 04:East Athens/Clarke Co., 05:West Athens/Clarke Co., 06:Five Points/University

Home Sales Price # Mkt Share Avg DOM

200,000 – 249,999 19 8% 301

250,000 – 299,999 12 5% 206

300,000 – 399,999 16 7% 310

400,000 – 499,999 3 2% 311

500,000 – 749,999 4 1% 91

In Athens-Clarke you see a noticeable drop in sales as we go above $200,000 over the past 90 days. What is telling is that 77 percent of all sales in the county are under $200,000! This tells me two things. One is that first time homebuyers are dominating the market. Secondly it confirms what the industry is seeing in that there are fewer of the desperately needed “step up” buyers this year than in past years. For 7 sellers out of 10, they had their homes on the market a skyrocketing 300+ days!

Time on Market Analysis Athens-Clarke and Oconee
For Units Sold
Days	Residential	Other	Total
0 – 30	6	0	6
31 – 60	40	0	40
61 – 90	51	1	52
91- 120	42	0	42
121+	177	2	179

If you are a buyer in our market, these are probably the best buying conditions in 30 years! If you would like to search the Athens MLS with MapTracks please take a look at listings in our “Classic City” today! On this web MLS search solution you can search every listing on the Georgia MLS for the Greater Athens area or in your Georgia town!