Michelle DeRepentigny's Q&A

The cost approach is just one method of valuation considered on an appraisal.  The approach that usually is weighted the heaviest is the market approach which utilizes comparable sales and/or listings.  Many areas of the country are in "declining markets" right now.  One of the largest indicators of a declining market is that the "market approach" comes in considerably lower than the "cost approach".  In order words, you can buy a house cheaper than you can build a house due under the principle of substitution if there is an oversupply of standing inventory and/or REO (post foreclosure) properties available.Additionally if the house you are building is very customized, your cost may be very high for premium upgrades and features, and you may not be able to justify adjustments for those itemes on the appraisal.Hope this gives you some idea of how the process works, best wishes.

No, sorry. This was a HUD foreclosure and often they sell before the ad ever comes out. If you would like a current list of foreclosures available, please feel free to contact me.

In addition to the neighborhood being quiet and nice, it is also one of the most desirable ones for those considering a commute to Atlanta. Holly Hills Subdivision is located just off Epps Bridge Parkway, which is also know as Highway 316 and is a major feed artery to I-85. It convenient to all areas of Athens via the Atlanta Highway and Loop 10 (the bypass) and is very close to great shopping at Wal-Mart, Lowes, Home Depot, Krogers, Khols and more within 1 mile!