Activity Reports

Activity Reports: The following is a year to date activity report for the East Side of Cherokee county, Ga.

TypeNew Avg LP Pending Avg LP Sold Avg SP %SP/OLP Dom
3,190 $355,397 993 $256,774 918 $248,785 95.32% 103

Information herein is provided by Seller and is, therefore, not guaranteed. First MLS
Check out available properties in Canton.

Market Update for Canton, Ga.

Here's an overview of market activity in Canton, Ga.

Total number of active properties: 1479

Average List Price: $368,288

Total number of Properties under contract: 93

Average pended price: $271,455

Total number of closed propeties from 6/01/2008-10/16/2008: 350

Average sales price: $266,288

To find out more information on our market visit http://www.handlrealtygroup.com/

Getting A Legitimate Lender and Getting Pre-Approved

It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today's market, that has proven to be one of the least effective methods in landing the dream home. Most lenders can pre-qualify you for a mortgage over the phone. Based on general questions about your income, debt, assets, and credit history, lenders can estimate how much mortgage you qualify for. However, being pre-qualified and pre-approved are different things. Pre-approval means that you have applied for a mortgage; you have filled out the mortgage application, received your credit report, and verified your employment, assets, etc. When you are pre-approved, you know exactly what the maximum loan amount will be. A pre-qualified letter is not verified and in essence, does not count for much if you are competing with other buyers who are pre-approved. When you are pre-approved, you and the seller know exactly how much house you can afford. It gives you credibility as an interested buyer and lets the seller know immediately that you will qualify for a loan to buy their property. In addition to being pre-approved, it's important to be pre-approved with a legitimate lender. Legitimate lenders include: banks, mortgage bankers, credit unions, savings and loan associations, mortgage brokers, and online lenders. Some lenders to avoid: those who lose a form or misplace a file, those who gather information from you in an unorganized manner, those who are not informed about interest rates, points or costs, and those who cannot provide you with the right information.