Click Here For Details on 6650 Greystone Trail, Blairsville, GA. 30512

Price Has Not Been Determined

Please contact Chad Lariscy at 706-994-8686 / Chad@BuyMountains.com with any questions or concerns about this property or if you would like to schedule a Private Showing of this or any other property of interest here in the North Georgia Mountains.

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On an annual basis, foreclosure filings fell last month. As compared to August 2010, last month’s Foreclosure filings dropped 33 percent. ”Foreclosure filing” is a catch-all term, comprising default notices; scheduled auctions; and bank repossessions.

The study was published by foreclosure-tracking firm RealtyTrac and this month’s report reveals a slowing rate of foreclosure within each of the Top 10 most foreclosure-heavy states.

All news is not good, however.

On a monthly basis, foreclosure filings spiked, led by a surge in default notices. Default notices made their biggest one-month jump since August 2007 on the way to a 9-month high last month. Default notices are the first step in the foreclosure process so this jump may foreshadow a large number of bank repossessions as foreclosures “make their way through the process“.

It’s also noteworthy that just 6 states housed half of the nation’s bank repossessions last month.

• California : 18 percent of bank repossessions
• Florida : 8 percent of bank repossessions
• Georgia : 7 percent of bank repossessions
• Michigan : 6 percent of bank repossessions
• Texas : 6 percent of bank repossessions
• Arizona : 6 percent of bank repossessions

As a home buyer in Hiawassee or Blairsville Georgia, Foreclosures can save you money. The National Association of REALTORS® reports that distressed homes sell with typical discounts of 20 percent versus comparable, non-distressed homes. However, buying a home from a bank is a different process from buying a home from a “person”. Contract negotiations are different and it can take months to finally close on a foreclosed home.

If you’re buying a Foreclosure in the North Georgia Mountains, seek the help of a professional real estate agent. Real Estate Agents can help you navigate the sometimes-complicated world of Foreclosures, and help you come out ahead.

Related articles

• Foreclosures Sink To 4-Year Low (thefrontporchview.com)
• For The 9th Straight Month, Foreclosure Filings Fall (thefrontporchview.com)

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Surrounded by U.S.F.S, Convenient to downtown Blairsville Georgia, Deep Water and Mountain Views, not only does this one have it all on the outside, just wait until you see the inside! Old World Craftsman Styled Lake Cottage with all the bells and whistles!4 Bedroom 4.5 Bath Lake House with Bonus Room above Portico easily making for a 5th Bedroom if needed. Full Finished Basement, Covered Porches and Open Decks makes this home a near Perfect Georgia Mountain Vacation Home.

This Bank Owned Lake Nottely Home For Sale will not be available in the North Georgia Mountain Real Estate Market long.

Please CONTACT ME or Call Me at 706-994-8686 if you would like to schedule an appointment to see this Lake Nottely Home For Sale today. If you would like to see a Full Length Video with as a Virtual Showing, please let me know and I will be more than happy to send that to you. If you have any specific questions or concerns about the property, feel free to contact me with those as well. I hope to hear from you soon.

VIEW ALL HOMES FOR SALE ON LAKE NOTTELY

Listing Courtesy of Better Homes and Garden Metro Brokers

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• Lake Nottely Real Estate Market Report August 2011 (thefrontporchview.com)
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It’s no secret. Rates are low right now. And, it’s not just mortgage rates, either — all types of rates are scraping rock-bottom. Borrowing rates, lending rates and savings rates are at or near their all-time lowest levels.

As a homeowner in Blairsville Georgia, one way to take capitalize on today’s low rates is to apply to refinance your home. But there are other ways to take advantage, too.

In this 5-minute piece from NBC’s The Today Show, you’ll learn of a half-dozen ways to exploit the current rate environment, including:

• Refinance a car loan from a high rate to a low rate, for cheap, in an hour
• Balance transfers between credit cards with teaser rates lasting up to 20 months
• Move some savings to an “online” bank where savings rates are higher

The interview’s theme is to examine both where you’re spending and saving your money, and make sure you’re doing what’s best for your budget.

Federal Reserve Chairman Ben Bernanke has pledged to hold the Fed Funds Rate near 0.000% until at least 2013. So long as the Fed Funds Rate is low, there will be places you can save.

It is Labor Day 2011, and Real Estate has been good on Lake Nottely this year. There are 5 Homes on Lake Nottely currently Under Contract.  Should they close, we could have more than 20 Homes Sold on Lake Nottely this year. Compared to only 8 all of last year, I would say that is pretty good. There  has been 14 Homes and 1 RV Sold on Lake Nottely year-to-date.

There were 8 Homes Sold on Lake Nottely in 2010. The Median Sold Price was $349,250. The highest priced home sold was $642,396, and the lowest was $137,000. They sold at and average of 76% of the original List Price and was on the market an average of 235 Days. In 2011, there have been 14 homes that have sold and closed. The Median Sold Price is currently $360,000 with the highest sale this year being $660,000 and the lowest being $180,000. Homes have been selling this year at 78% of original list price with an average of 240 Days On Market. So even with all of the Foreclosures and Bank Owned Properties that have plagued not only Lake Nottely Home Values, but all Homes of Blairsville Georgia, we have still seen a rise in Average Sales Prices.

Sales of Lake Front Lots on Lake Nottely have not been as favorable as Residential Sales, at least according to the numbers derived from our Northeast Georgia Board of Realtors® MLS. So far this year there has only been 7 Lot Sales. The Median Sold Price for those lots has been $102,888. The highest priced Lake Nottely Front Lot sold this year was $217,500, and the lowest was $64,286. The Average Days On Market is currently 268 days with Lots selling at 60% of Original Listing Price. There has been many Bank Owned Lake Front Lots that have sold, as well as Investors who have sold Lake Nottely Lots at auction. I do not have the numbers on those sales.

If you would like to see all current Homes For Sale On Lake Nottely, please click the link below.

HOMES FOR SALE ON LAKE NOTTELY

If you are interested in a Lot For Sale On Lake Nottely, please click the link below.

LOTS FOR SALE ON LAKE NOTTELY

If you have any questions about this North Georgia Mountain Real Estate Market Report, please feel free to Contact Me and I will be more than happy to answer your questions. If I do not know the answer, I will find the answer. I hope you have a wonderful Labor Day, and hopefully it is being spent in the Mountains of Georgia.

Related articles

• New Price On Nice Lake House For Sale On Lake Nottely (thefrontporchview.com)
• New Foreclosure For Sale In Blairsville GA Bordering U.S.F.S. (thefrontporchview.com)
• Lake Chatuge August 2011 Market Report (thefrontporchview.com)

Has housing turned the corner for good?

The June 2011 Case-Shiller Index reading posted strong numbers across the board, with each of the index’s 20 tracked markets showing home price improvement from May.

Some markets — Chicago and Minneapolis — rose as much as 3.2 percent.

The rise in values is nothing about which to get overly excited, however. The Case-Shiller Index is just re-reporting what multiple data sets have already shown about the summer housing market; that it was stronger than the spring market, and that a recovery is underway, but occurring locally, at different rates.

For example, the June 2011 Case-Shiller Index shows the following :

• Denver, Dallas, Washington D.C., and the “California Cities” bottomed in 2009. Each has shown steady improvement since.
• None of the Case-Shiller cities showed negative growth between May and June 2011.
• 12 of Case-Shiller’s tracked cities have improved over 3 consecutive months.

The answer to the question is YES. For the past 90 days Home Values are on the Rise. Here in the North Georgia Mountains, our communities of Ellijay, Blue Ridge, Blairsville and Hiawassee has seen Home Values as a cumulative average drop 2% over the past year. However, since June of 2011, our Residential Real Estate Market has experienced a surge of nearly 14% in Median Sold Price. See Full Report Below.

North Georgia Mountain August 2011 Median Sold Price Report

In isolation, these statistics appear promising, but it’s important to remember that the Case-Shiller Index is a backward-looking data set, focusing on just a portion of the national housing economy.

As an illustration, the Case-Shiller Index’s “national report” only includes data from 20 cities nationwide. They’re not the 20 biggest cities, either. Smaller metropolitan areas such as Minneapolis (#48) and Tampa (#51) are included.

Larger ones including Houston (#4), Philadelphia (#5) and San Jose (#10) are not.

In addition, the Case-Shiller index fails to track sales of condominiums, multi-unit homes and new construction. In some markets, including Chicago, these excluded home type can represent a large share of the overall market.

The Case-Shiller Index is a fine data set for policy makers and economists. It describes the broader housing market and shows long-term trends. For the individual home buyer in Hiawassee , however, it’s much less useful. More than “broad data”, you want focused data that’s current and relevant.

The best place for data like that is a local real estate agent.

Related articles

• Home Values Climb Rise Slightly Nationwide In April (thefrontporchview.com)
• Buyer Opportunities Open With Pending Sales Slipping (thefrontporchview.com)

54 Rocky Road Blairsville, GA. – New Foreclosure from Chad Lariscy on Vimeo.

This is a Brand New Foreclosure For Sale in Blairsville, GA. that hasn’t even hit the North Georgia Mountain Real Estate Market. This property is located conveniently between Blue Ridge and Blairsville near the Union County Saddle Club Arena. Nice 3 Bedroom 2 Full Bath Home offering Privacy and Seclusion on 1.6 +/- Acres.

If you would like additional information, or would like to see a Full Length Virtual Showing of this Bank Owned Property For Sale In North Georgia, please Contact Me and I will be more than happy to assist you with all of your Real Estate needs here in the Georgia Mountains.

Related articles

• New Foreclosure For Sale In Blairsville GA Bordering U.S.F.S. (thefrontporchview.com)
• New Upscale Foreclosure For Sale In Blairsville GA (thefrontporchview.com)
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1489 Chapman Ford Blairsville GA Lake Nottely Home from Chad Lariscy on Vimeo.

1409 Chapman Ford Blairsville, GA. 30512

Great Home For Sale on Lake Nottely located in the Upscale Community of Nottely Landing conveniently located near downtown Blairsville, GA. One of the Best Locations on Lake Nottely with Spectacular Long Range Lake and Mountain Views. Deep Water Lot, Gentle Lot, Views and the New Low Price makes this Lake Home a major attraction and one of the Best Buys on All of Lake Nottely.

New Low Price

$795,000

Just Reduced Over $100,000!

Please Contact Me if you have any questions or concerns about this property or any Georgia Mountain Lake Home. If you would like a Full Length Video Walk Through please let me know.

Listing Courtesy of Harry Norman Realtors

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• New Foreclosure For Sale In Blairsville GA Bordering U.S.F.S. (thefrontporchview.com)
• New Upscale Foreclosure For Sale In Blairsville GA (thefrontporchview.com)