Home for Sale at 5061 Greystone Place, Douglasville, GA 30135

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5061 Greystone Place
Douglasville, GA 30135

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Property Details

List Price:	$549,900
Beds:	4
Baths:	4
Status:	Pending
SqFt:	2913
Agency:	Better Homes and Gardens Real Estate Metro Brokers

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1988
Notes:	Welcome to this meticulously maintained brick home nestled on an acre in Douglasville. This stunning, one-owner home boasts of love, care and years of happiness. The moment that you step inside you will notice the gleaming hardwoods in the foyer, dining room and family room. The nice-sized family room offers a fireplace with gas logs. The dining room offers lots of room for entertaining family and friends. Enter into the kitchen to find granite counter tops, island with 2nd oven and tons of cabinets and counter space. The over-sized primary suite is on the main level and features hardwood flooring, his her closets and a place to relax in luxury of the jetted tub and separate shower. Upstairs you will see 3 huge bedrooms, 2 full baths, over-sized closets and another space for a play area, bedroom or office. The unfinished basement features a full bath, workshop area with garage door and endless possibilities for game room, man cave, etc. Continue to entertain your guests outside in the saltwater pool, complete with diving board. Pride of ownership shows through the perfectly manicured lawn. With just a short commute to restaurants, schools, shopping and places of worship, this home has it all. Prepare to be impressed.
MlsNumber:	7384285

Listing Provided By:	Better Homes and Gardens Real Estate Metro Brokers, original listing
Name:	Better Homes and Gardens Real Estate Metro Brokers
Phone:	(404) 843-2500
Office Name:	BHGRE Metro Brokers
Office Phone:	(404) 843-2500
Agent Name:	Sandra Harvey
Disclaimer:	Copyright Â© 2024 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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