How Much Trouble is There for New Home Builders in Georgia?
How Much Trouble is There for New Home Builders in Georgia? Builder Incentives? No more bidding processes? A lot has changed with new construction from just a few months ago just like it has changed with resale homes due to the market shift with interest rates rising. New construction buying now presents new opportunities! Just 6 months ago, the housing market in Georgia was on fire. On homes that sold, we were experiencing multiple offers over asking price of $50K to $75K with no financing or appraisal contingencies with 2% earnest money and sometimes even no due diligence period (inspection)! Fast forward to a few months later to now, and we are seeing a market shift right before our eyes that is night and day difference from earlier this year! Now, inventory is increasing, homes are staying on the market longer, more price reductions are happening, and seller concessions are more abundant.
Call me if you need help with your Atlanta real estate buying/selling! Let’s setup a game plan to fulfill your real estate goals! Tim Trevathan: 770-906-0748 | [email protected]
