Home Buying in 30809>Question Details

Em, Home Buyer in 30809

I'm looking at several homes for sale in Northridge. The homes I'm interested in are all approx

Asked by Em, 30809 Sun Mar 23, 2008

$130-$137/sqf range. I've noticed that recent home sales in Northridge are approx $115/sqf. Given the quality and extras are all equal, should I make an intial offer closer to the $115/sqf range?

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Answers

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I would recommend you research the mandatory HOA dues in Northridge and other neighborhoods alike.
Having a real estate agent is key to finding this information out ahead of time.
BTW, I personally like the neighborhood but if $1400/yr is more than you are willing to pay then you may decide to look at other neighborhoods with comparable amenities and location.

I can also be reached for mortgage financing options and neighborhood analysis.
706-860-4200 direct lender
0 votes Thank Flag Link Thu Jun 26, 2014
Em,

$115 /sqf is too high for this market.

Northridge homes are nice, but too expensive.

Get below $100/sqf, the area average is mid 70s to mid 80s and prices are still declining.
0 votes Thank Flag Link Sat Jun 5, 2010
You need to consult a Real estate agent to advise you on the amount of the offer you should submit to the seller. It doesn't cost you anything to be represented by a real estate agent in the local area. Seek professional advice.
0 votes Thank Flag Link Mon Apr 12, 2010
Here we are almost two-years later. Well, we all know the story. A number of home owners have lost a lot of money in the subdivision.

This is a high-risk market and from all that I have been reading, it will continue to decline.
0 votes Thank Flag Link Fri Mar 19, 2010
You should speak with a Realtor that has knowledge of the Northridge/Evans area. Buyer's agency is free for you...seller pays the commission. Your Realtor will represent you, with your hopes and goals in mind.
0 votes Thank Flag Link Wed Jun 25, 2008
LJ,

This is not a truthful statement:

"John T seems bound and determined to deter anyone from buying a home right now in the CSRA market."

If the price is right (near the historic mean) and your are going to live in the house for the long-term then it is a perfect time to buy a house in the Augusta area.

This market is overpriced (about 25-30% over the historic mean), has 12 months of inventory on the market (not including FSBOs), slow sales, and few buyers.

Please just be honest with everyone. It is clear that this market needs to find a bottom, so it can clear its excess inventory.

It is all about information, buyers you must do your homework on this market or risk a huge financial loss!

Good Luck!
0 votes Thank Flag Link Tue Mar 25, 2008
John T seems bound and determined to deter anyone from buying a home right now in the CSRA market. Yes, there are some sellers in trouble right now, including a few builders who have over-extended themselves and you can get a good deal from those sellers. The key words: a few. And no doubt, it is a buyers market. You can get oncessions you couold not get in the past few years. It is important to understand that no matter where you buy right now, you need to be thinking abut holding on to your purchase for a while and you need to consider the ultimate reselling of your purchase. It is ridiculous to expect to buy a home and sell it in two years at a huge profit. Approximately 80% of home purchases in the CSRA are under $200K. When you buy a home for more that, you risk buying a home that may be difficult to resell because your home is out of reach for the average home buyer. The risk increases when you buy a special niche property. You need to have someone show you the facts no matter where you are buying. Ask to see sales histories. Investigate the incentives. If you are looking at a new construction neighborhood, compare the sales record to other like neighborhoods. Does it offer desireable resale possibilities? You can also contact the builders association and find out which neighborhoods are the best selling year after year. Once you feel well-educated, make an offer based on what you feel makes sense based on what is going on in the market. Don't get emotional about your home purchase. It is a business deal for everyone else involved. It should be for you too.
0 votes Thank Flag Link Sun Mar 23, 2008
Some Northridge homes are listed for over $100K more than they were purchased for in 2005. Be careful!
0 votes Thank Flag Link Sun Mar 23, 2008
Check out the website below for a better understanding of the Augusta, GA housing market.

Northridge has some nice homes, but the location is not overly impressive. Things are slow in this subdivision, builders are trying to rent brand new homes in this subdivision. That is not a sign of a healthy housing market!

Good Luck!
0 votes Thank Flag Link Sun Mar 23, 2008
we should chat

510-706-4863 Dave C,

likely cheaper & quick yet painless access to bulk reo from sellers mandated confidentially kept liquidation minimum pricing w/ property coming directly from the lien holder in bulk #'s 10-20 mil minimum.
0 votes Thank Flag Link Sun Mar 23, 2008
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