I live in Athens/Oconee County area right beside Winder. DOM are running high. Most builders are sitting on inventory in Winder as well as other places are running 24-34 months. Lease/purchase contracts are fine. I have found most people leasing to purchase are doing so because their credit is so wrecked they cannot afford to buy and normally it is still a glorified lease. Offering a lease/purchase is a great way to find renters who will pay huge sums to rent. If you want to actually sell the property though it is a bad idea.

The market time has been long in Barrow County, but we've had uncommon conditions in the last 6 months. The builder inventory and foreclosures on the market are high right now which is making the resale homes slow to move. You would need to price your home aggressively and make sure it shows well.

We have seen an increase in call volume and contract in the last 45 days,so this is an indicator that conditions are improving.

Lease purchases in our area are becoming more popular. Typically, a buyer would give first months rent and a security deposit equal to the rent. Our area is mostly first time buyers obtaining 100% financing.

K.

I live in Hoschton, right outside of Winder. I can tell you that if you have a split foyer style home, expect it to sit unless you price it aggressively. You'll need to be in the top 5% for value for the area which is tough competing against the builders out there. The builders in Winder are desperate for sales and will do pretty much anything to get that buyer in the home.

As for lease purchase, it's a great idea but I've rarely seen it done. The buyer rarely has an actual down payment in this area so you're really just renting it out.

K.
Thanks for your question. I am wondering why you are concerned about days on market. And why you are thinking a lease/purchase contract? It sounds to me as though you are thinking of selling, is that right?

I suggest you talk with a local Realtor that knows the market. Let them (at no obligation to you) provide you with a CMA, then follow up with a consultation about your situation. I am very uncomfortable sharing information with someone because I have no iidea of your situation, personal, financial, legal, etc.

I will share just a few general ideas of which you should be aware:
1. Days on Market is a very general number. If you are trying to figure out how fast you can get cash out of your property, I encourage you not to divulge too much information on line. The truth is that homes that are properly priced and marketed, in almost any market, will sell the closest to asking price in the first 30 days of market time. The good deals go first, then as the listing sits, at 120 DOM the selling price versus list price ratio (in my market) right now is about 93.6%....compared to 97.8% for listings selling within a month.

2. Your personal and financial circumstances can color your decision. Particularly depending upon why you need to sell (buy another property, cash out to pay a debt, etc.). A good Realtor will look that the BIG picture and ask lots of questions to help you develop good, workable alternatives.

Depending upon your circumstances consulting a CPA may not be a bad idea either.
Good luck~

would love to help with the ansewer but to give you the best ansewer I need to know the style of home. Numebr of bedrooms and baths basement non basement story ranch schools and price point.
To give any other ansewer woul be to general to be helpful.. it would be like saying shoes $1.00 it may not be your style or size and $1.00 sounds good it does not really relate to you.

Winder is a very slow market right now. And of course price of the home makes a difference also. You will need to be priced very aggressive to win the buyers. You need to give them a reason to choose your home over your competition within the area. Offering the home for lease and lease purchase are other options. I have done many lease purchases for my clients. It is important to note that most lease purchases do not end up in a closing. Chances are that someone who does not have the credit to purchase a home today will not make the necessary changes to save and improve credit to buy a home in two years.