Limbojumbo Posted June 27 Report Share Posted June 27 These Prices on Matt hwy aren't sustainable, the land was pretty cheap until 2021, the demand built up and logistical problems with construction coupled with near 0 Fed funds rate fueled the prices. However this isn't justifiable anymore, Everything on matt hwy will eventually correct with construction costs back to 80-110 and land prices getting back to 2021 $/sqft should be back to 140-170$ (450-550k depends on interest rates) Been here in cumming since 2014. Quote Link to comment Share on other sites More sharing options...
Sonu_Patel Posted June 27 Author Report Share Posted June 27 36 minutes ago, Limbojumbo said: These Prices on Matt hwy aren't sustainable, the land was pretty cheap until 2021, the demand built up and logistical problems with construction coupled with near 0 Fed funds rate fueled the prices. However this isn't justifiable anymore, Everything on matt hwy will eventually correct with construction costs back to 80-110 and land prices getting back to 2021 $/sqft should be back to 140-170$ (450-550k depends on interest rates) Been here in cumming since 2014. my dosth bough there in 2021 for $650k anna.. he is unable to sell the home and loan still 600k undi annadu.. so he has to pay 150k from his pocket if he wait to sell ? Quote Link to comment Share on other sites More sharing options...
Limbojumbo Posted June 28 Report Share Posted June 28 10 hours ago, Sonu_Patel said: my dosth bough there in 2021 for $650k anna.. he is unable to sell the home and loan still 600k undi annadu.. so he has to pay 150k from his pocket if he wait to sell ? If it was 2021 he must have gotten it on a cheap mortgage(30 yr fixed) best bet is those 2-3% loans at times can be transferrable to new owner however depends on the mortgage servicing company. (Other conditions like credit tier etc+ apply) Technically payment for 650 in 2021 equals to payment for 525 at 6.5% mortgage. In this context he would be loosing equity. now considering market conditions in forsyth new construction permits are being closely monitored unlike Austin,Tampa things wouldn’t correct drastically but they might adjust based on macroeconomic conditions. Quote Link to comment Share on other sites More sharing options...
usetime63 Posted June 28 Report Share Posted June 28 Concord NC vs Cumming GA, which one do you guys prefer Quote Link to comment Share on other sites More sharing options...
duotelli Posted June 30 Report Share Posted June 30 If not cumming which is the preferred location for house purchase in Atlanta 1) Lawrenceville 2) Acworth 3) Dallas (GA) Quote Link to comment Share on other sites More sharing options...
Sonu_Patel Posted July 2 Author Report Share Posted July 2 On 6/30/2024 at 8:19 AM, duotelli said: If not cumming which is the preferred location for house purchase in Atlanta 1) Lawrenceville 2) Acworth 3) Dallas (GA) Dawsonville Quote Link to comment Share on other sites More sharing options...
Sonu_Patel Posted July 2 Author Report Share Posted July 2 On 6/30/2024 at 8:19 AM, duotelli said: If not cumming which is the preferred location for house purchase in Atlanta 1) Lawrenceville 2) Acworth 3) Dallas (GA) all three are growing rapidly. Quote Link to comment Share on other sites More sharing options...
Sonu_Patel Posted July 2 Author Report Share Posted July 2 On 6/17/2024 at 12:24 PM, Sonu_Patel said: Only Desis buying houses in New neighborhoods.. It is evident that all south facing homes remain unsold in most of the new neighborhoods. Volume of Migrations from one state has slowed down. Used homes ki demand taggindi and greedy sellers will be disappointed. Na dosth community lo realistic and greedy sellers unnaru.. same kind of home but kitty party gang lo okadu wants to sell for $100k more.... Realistic seller: https://www.zillow.com/homedetails/7885-Bristol-Valley-Dr-Cumming-GA-30028/306483601_zpid/ - listed for $575K price reduced to 550k on 06/17 https://www.zillow.com/homes/7955-Bristol-Valley-Dr-Cumming,-GA-30028_rb/306483070_zpid/ - listed for $585K price reduced to 565k on 06/19 Greedy seller: https://www.zillow.com/homedetails/7925-Tiberon-Pkwy-Cumming-GA-30028/338758308_zpid/ - listed for $679K https://www.zillow.com/homedetails/8015-Brewton-Creek-Dr-Cumming-GA-30028/306483659_zpid/ - listed for $650K https://www.zillow.com/homedetails/7940-Brewton-Creek-Dr-Cumming-GA-30028/306483651_zpid/ - listed for $685K @Aquaman - still no offers anta.. open house pettina problem avtundi anta.. because ah neighborhood lo unna kitty party gang ae vachi chustunnaru anta time pass ki... realtors mothukuntunnaru akkada. 2 Quote Link to comment Share on other sites More sharing options...
baabaa Posted July 2 Report Share Posted July 2 8 minutes ago, Sonu_Patel said: @Aquaman - still no offers anta.. open house pettina problem avtundi anta.. because ah neighborhood lo unna kitty party gang ae vachi chestunnaru anta time pass ki... realtors mothukuntunnaru akkada. Idi everywhere true bhayya. Open house TX [especially telugu areas] lo pedute whole telugu aunties/uncles will be coming and discussing in house about furniture/paints/closets. 1 Quote Link to comment Share on other sites More sharing options...
Sonu_Patel Posted July 2 Author Report Share Posted July 2 10 minutes ago, papampasivadu said: vammo..nee dosthlu andharu hilite situations lo untaaru ga biddings vesi konnadu anna.. house is empty now.. looking for good realtor who can find good bakra.. Quote Link to comment Share on other sites More sharing options...
Hitman Posted July 2 Report Share Posted July 2 South Florida - Good houses with New roof - Bidding wars started... #StillLookingfor2ndHouse 1 Quote Link to comment Share on other sites More sharing options...
Sonu_Patel Posted July 2 Author Report Share Posted July 2 9 minutes ago, papampasivadu said: mee vaade aa good bakra....bakra ke bakra kaavali ante kashtame mari ekkadunnav @csrcsr anna.. ochi ma home owners ni kaapadu.. 1 Quote Link to comment Share on other sites More sharing options...
csrcsr Posted July 2 Report Share Posted July 2 1 minute ago, Sonu_Patel said: ekkadunnav @csrcsr anna.. ochi ma home owners ni kaapadu.. Vowner epud ayav anno Quote Link to comment Share on other sites More sharing options...
bulleye Posted July 2 Report Share Posted July 2 Woodstock? Quote Link to comment Share on other sites More sharing options...
Sonu_Patel Posted July 2 Author Report Share Posted July 2 11 minutes ago, csrcsr said: Vowner epud ayav anno Vowner anna since 2016 anna but I am looking to buy for myself. 1 Quote Link to comment Share on other sites More sharing options...
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