Tag Archives: Gwinnett Home Sales

Gwinnett County Launches Neighborhood Stabilization Program

On June 25, 2009 Gwinnett County announced its Neighborhood Stabilization Program (GCNSP) to a group of REALTORS and Mortgage Professionals.   The GCNSP is a program to purchase foreclosed homes of sub-standard condition then rehabilitate and return those homes to market with the hope of stabilizing Gwinnett County home values.  Additionally, the program will provide affordability assistance to potential buyers by way of homebuyer counseling, down payment assistance and a “forgivable” second mortgage.  Under the program, homes will be available to low, moderate and middle income home buyers.

The GCNSP will receive funding from a July 2008 program of grants to local and state governments, enacted by Congress.  Gwinnett County has been allotted $13,512,054 towards the program, of which $10 million is from HUD with the remaining portion from the State.  This pre-TARP program is expected to have 100 homes rehabilitated and under contract by September 5, 2010, and provide the same results for Continue reading

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Filed under Buyers, Communities, First Time Home Buyers, Great Buying Opportunities, Gwinnett County, Homeownership

10 Great Reasons to Buy Real Estate Today!

1.       Housing prices are LOW!  In February, Metro Atlanta Home prices reached a 10 year low.  FMLS statistics show that the average home price was $176,378.  You would have to go back to December of 1998 to find lower average pricing.

2.       Selection is still great!  Even though the number of available properties for sale in Metro Atlanta has decreased from its peak, there are still plenty of fantastic properties on the market.  Whether you’re in the market for move-in ready, a fixer-upper or new construction you’re sure to find a great place to call home. 

3.       Great mortgage rates!  With mortgage rates hovering around 4.5 – 5.5 %, the cost of financing is at a 40 year low.  The combination of amazingly discounted prices, abundant home offerings and fabulously low rates makes the perfect storm for buying opportunities.

4.       Sellers are motivated!  Great incentives are often available on bank owned, corporate owned, new homes and owner occupied re-sales.  Some items you may find negotiable:  seller paid closing costs, home warranties, HOA dues for 1 year, appliance packages, carpet upgrades and/or other repairs to name a few. 

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Filed under Buyers, First Time Home Buyers, Mortgage