News and Legislative Updates
disposal” that provides “simple instructions” on how to purchase properties from
GDOT. Some of the properties contain homes or other structures and require a
viewing process before you can bid; others allow for simple, sight-unseen bid
submission2. The website also provides images of parcels of land for sale and a
history of sold properties. Once you have submitted a bid, a competitive bid
process commences that allows the original owner to buy back the property and
other landowners with adjacent properties to bid as well. This competitive
process is critical according to the state and required by law.
Have you ever purchased property from the state of Georgia? Would you
recommend it?
Got a legislative update? Email [email protected] and your news could end
up in the next edition of “We are GaREIA.”
GaREIA’s June News Highlights
*** RE/MAX of Georgia Names Top Housing Trends
RE/MAX of Georgia released its top housing trends to watch in 2015 based on
data provided from its more than 1,300 sales associates and 100 offices servicing
Georgia. RE/MAX predicted that Georgia housing will remain tight thanks in part
to homeowners’ reluctance to put properties on the market until they have
recouped more equity, that prices will continue to rise in the state, albeit more
slowly, and that investor activity in Georgia will slow over the course of the year,
clearing the way for “traditional” buyers seeking to purchase and occupy homes
using conventional mortgages. RE/MAX also predicted that lending requirements
would loosen and that millennials would become the largest group of first-time
homebuyers by the end of this year. Dane Ellison, CEO of RE/MAX Regional
Services, said that in his opinion, real estate professionals could definitely remain
“very optimistic” throughout 2015.
2
http://gdotland.com/howtobuy/