An over abundance of inventory in new construction homes in the Warner Robins area has given buyer’s a greater number of homes to choose from throughout Houston County within various price ranges. Buyers are also taking a little longer to narrow down their selection before purchasing. Negative news media regarding Real Estate trends is also making home buyer’s more cautious about buying. Some states such as California and Florida have had major Real Estate problems, while Georgia’s housing market remains strong.

Between the large inventories of homes in Warner Robins, buyer’s being more selective, and negative news media; there is now for the first time in 12 years a buyer’s market in Warner Robins Georgia. Interest rates have also recently dropped the lowest they have been in over 5 years, making this a great time to buy a home. Get more home for a lower payment and ask the sellers to help with closing costs.

Conclusions:

1. Seller’s that price their homes correctly and in-line with their competition are selling quickly, and getting close to their asking price, while overpriced homes rarely receive any offers.
2. New Construction – Builders are more flexible on extras and helping with closing costs.
3. Resale Homes – Sellers should have a market analysis of their home to determine the best price, have their home looking great, and in good repair before putting the home on the market. They should also be prepared to help with buyer’s closing costs.
4. It is even more important to use a qualified Real Estate Professional now, more than ever. Buyer’s can use a Realtor to help narrow down their search, and avoid buying an overpriced home, and Seller’s will need Realtor marketing skills and resources to help sell their home.

John Cobb – Coldwell Banker SSK Real Estate Agent