New York, NY (PressExposure) November 03, 2009 -- Teachers in Georgia do not draw a very high salary. Hence, with the Teachers Buy HUD program, teachers have been given the chance to save 50% off on the HUD home price. The HUD seeks to improve the quality of life that the teachers and police officers lead, who cannot afford to purchase house for themselves in Georgia. Harry Coker, a well known real estate agent in Georgia, strongly believes that often the formalities involved and the paper work in buying property can result in harassment for the teachers who lead busy lives. Harry Coker believes that the process of getting a home for the teachers should be made simpler and easier. The HUD program is a well funded plan that enables the teachers to buy their first home. In this case Harry Coker can be of great help.
If we go by the statistics released by the state of Georgia in the year 2007, you will find that the annual income of a grade school teacher is about $44 thousand. It has been estimated by BYOH.com that it costs about $240,735 to build a 4 bedroom, 2,838 square foot one family home. To acquire an arranged home the expense comes to about $133,777. Given the fact that the stateâs average income is about $40 thousand, only about 67.5% of the inhabitants of the state can own a home. 30% of the people lives in rented home, for they are not financially sound to afford a home of their own.
The statistics revealed by the state of Georgia in the year 2007 showed that the average salary of a grade teacher is much less than that of the stateâs average salary. Harry Coker says that with this salary, it becomes very difficult for the teachers to get a decent home for themselves. Teachers residing in Georgia, have a tough time getting home for themselves.
According to the calculations of Harry Coker, a grade teacher can get a mortgage amount of about $170,000 in Georgia. In this case you need to pay a monthly amount of about $1019.24, together with taxes and house insurance costs, adding up $200 to $300, for a total of $1319.24 a month. Harry Coker says in order to maintain rates; teachers need to cut back on many other expenses like grocery, medicine expenses, etc.
The free e book provided by Harry Coker will help the teachers with ideas of saving about 50% of their money while getting a new home. If you are a teacher, you can get a $230 thousand priced home at $115 thousand only or a $300 thousand valued home, at the rate of only $150 thousand. For more information, please visit http://www.teachersbuyhud.com.