With Georgia Foreclosures at an all time high, it may seem like a bad time to start looking for Mountain Home Property, but nothing could be further from the truth, especially in the community of Big Canoe. Big Canoe is a gated community in the Blue Ridge Mountains and has always been a prime location for second homes and vacation cabins. Probably because of its amenities which include a 27 hole golf course, tennis courts, white beaches, outdoor and indoor heated pools, just to name a few. With the housing prices at an all time low, people who could not afford to live in Big Canoe now have some options that are within their price range.
The first option to look at is the “homes for sale”. One of the first things to go up for sale when the economy started to decline was Mountain Home Properties that were used as vacation homes. Many of these homeowners are willing to do whatever it takes to make the sale so they can free up their investment and you will have no shortage of houses to choose from. It is a buyers market and now is a great time to find your dream house if you have the money to buy.
The second type of North Georgia Mountain Home Properties to look at are the “foreclosures”. There is a glut of North Georgia Foreclosures on the market and the homes at Big Canoe are no different. You have to be careful when buying a foreclosure though. Generally people are not happy when they are losing their house so it is common to find damage that may need repaired. Even with the repair costs factored in, buying a Georgia Foreclosure can result in deep savings.
The last option is probably the most cost effective alternative of the three. Big Canoe has some of its best Big Canoe Land Lots up for sale right now. Many of these lots were going for 2 or 3 times their current asking price just a few years ago. The views are incredible and the acreage is surprising, plus you can buy a land lot for a fraction of the price that you would spend on North Ga Mountain Home Properties or Georgia Foreclosures. Yes, you still have to have the house built but contractors are desperate for work right now. With the savings that you will get on labor, you can end up with a custom built house on a prime land lot for around the same that you would have spent on a standard home for sale. It is definitely worth your time to take a drive through Big Canoe and explore the possibilities.