What Does Today’s Real Estate Market Mean to Buyer’s and Sellers?
The overall economy is doing well right now. Corporate profits are strong, unemployment is low and personal income is up. Home values in Georgia have increased slowly and steadily over the past decade and now represent some of the best values available on a comparative nationwide basis and that is expected to continue. Owning a home continues to be one of the best investments made.
For Buyers in Today’s Market:
If your finances are solid and you can afford the home you want with a conventional mortgage – and your settling in – the time is right. There are markets where home prices continue to show steady growth, including Seattle, Atlanta and Dallas, according to Standard & Poor’s. You’ll find the best values if you prove yourself to be a qualified buyer who can quickly close the deal. Currently, the market is giving Buyer’s a variety of choices. As a buyer, you have the time to view a house multiple times before making an offer. Asking the seller for credits towards closing costs on the loan or home warranties is no longer out of the question. The opportunity to make a well thought out decision for you and your family is now. That means getting your mortgage pre-approved, where you have a written guarantee that you’ll get the loan for the amount you need. Also it would help to avoid placing contingencies on the sale, such as the need to sell an old home before closing on the new one.
For Sellers in Today’s Market:
Selling in today’s market is not as easy as it was 6 months ago, but it is by far not impossible. The two main ingredients to selling your home are pricing and staging. Homes that are priced right, immaculately clean, and in move in condition are selling in the matter of only a few weeks and sometimes with multiple offers! As mentioned earlier, there are a number of homes for buyers to choose from which means competition to YOU. Buyers will choose a home that is exceptionally clean, with the most updates and the lowest price. For you as a Seller, it is important to remember, everyone has different tastes in home decor. Neutralize your home as much as possible with colors and by removing personal items such as photos. A couple great update options are stainless appliances in your kitchen and/or lighting fixtures. Be as preemptive as possible by having your home
pre-inspected and any items repaired that are in need. Also price competitively. Homes priced right WILL sell. The name of the game is pricing and staging.
With interest rates still at an all time low, Buyers are still
Buying – and Homes are still Selling!
Call us today to help you!
