CSRA Market Report

Invest in Augusta, GA Real Estate

2010-09-22T15:25:00.001-07:00

Is the housing market back in Augusta, GA? The national market experts say that the real estate market is showing signs of recovery. Real estate investment trust says they will start investing in properties with their profits according to the Wall Street Journal. What will you do with any profits or deposable income that you have?

I say it is time to invest in the Augusta real estate market. Why?? First, the average home sale price in Augusta is $115,000 since the forclosure boom. Zillow.com says they figure it is about $107,900. Augusta is a city that has remained constant even through the nations tough times because of the Fort Gordon military base, manufacturing industries, and the medical hospitals, such as Medical College of Georgia. All of the residents moving in and out of the area keeps a constant turnover in the housing market making each subdivision and housing area vibrant.

If you are looking to invest in real estate then you need to have Augusta, GA on your list of cities in which to purchase real estate. Even if you are a renter after reading the article on Don't Rent, Buy a Home in Augusta GA by Cynthia Rhodes even encourages any renter that is on the fence to buy now because of the market in Augusta is at its best for buyers and investors.

FHA gives Upside-Down Homeowners a Break

2010-08-31T10:51:00.001-07:00

FHA starting September 7, 2010 will begin to refinance loans for borrowers that are not using an FHA insured loan. Many homeowners have felt the crunch of the market with their existing loan being over and beyond the amount that the house is currently worth. The Federal Housing Administration along with the Treasury Department has revised a program called Making Homes Affordable. This program is outlined on a blog posted by Cynthia Rhodes at Augusta Real Estate Online http://augustarealestateonline.com/2010/08/dont-foreclose-refinance-with-fha/

The program states that the homeowner must be current on their current mortgage, which is great because at this time in order for a homeowner to do remodifications were if they were in some type of distress. Making Homes Affordable will ensure that people stay in their homes as well as keep the neigborhood markets stablized.

What is a REO Property?

2009-09-20T17:31:00.001-07:00

REO or Real Estate Owned Property is property that is currently owned by the mortgage lender. When a property is foreclosed and put up for sale at auction, if there is an unsuccessful sale then that property is then deemed a REO property.

In Augusta, GA, we have seen many REOs. People from near and far need to take advantage of these great deals. The ones I like best are the VA owned properties that will allow you to have 100% financing and free credit reports.

For a list of REO properties contact Cynthia Rhodes at 706-373-1200 or visit my website at www.augustarealestateonlline.com

Moblog

2008-09-22T06:08:00.000-07:00

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