4 reasons why you shouldn't worry about another housing bubble

There are many great Atlanta area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (678) 488-8927 for a FREE home buying or selling consultation to answer any of your real estate questions.

Are We Heading Towards Another Housing Bubble?
A lot of buyers have been asking me if we are headed towards another housing bubble here in Atlanta. In short, the answer is NO, but let me explain why I say this.
 

1. Interest Rates: Interest rates are remaining low. Last time there was a bubble the rates were low, and then they got very high and became too expensive. This time, the rates have stayed low to help with a recovery.
2.  Lending Practices: Loans are now fully documented and lenders are being much more responsible in choosing who to lend their money to. If you're not qualified, then you're not going to get the loan.
3. Inventory / Number of Sales: We are not seeing a huge build up of inventory here in Atlanta. Actually, inventory is pretty low throughout the rest of the country. Massive build-ups of inventory are not happening because our sales and amount of inventory are right at pace with one another.
4. Price Increases: Prices are increasing, but they are not blowing through the roof. They are rising moderately in most parts of the country, especially here in Atlanta. In fact, some neighborhoods in Atlanta are experiencing far different markets than others. It really depends on what neighborhood you live in.

Hopefully this has erased any of your fears that we are heading towards another housing bubble. From what I can see and the data that I have combed over, we are not even close to a housing bubble. Even if we were close to one, we would be much more prepared for it than we were just a few years earlier.

If you have any further questions or would like assistance with Atlanta real estate, then please do not hesitate to contact me. I am always willing to lend a hand. You can reach me by phone or by email.

How to Avoid these 6 Home Seller Pitfalls

There are many great Atlanta area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (678) 488-8927 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today I wanted to speak with you about the 6 most common mistakes people make when selling their homes, and how they can be easily avoided.

1. Overpricing: Pricing your home correctly is the most important thing you can do to sell it. When pricing your home, you have to look at comparable properties, get a professional appraisal, and listen to the buyer's response. The best thing that you can do is talk to a professional real estate agent such as myself. Contact me if you would like to know about my pricing strategy. 
2. Inability to Show: If you want to sell your home for a good price, you're going to have to make some sacrifices. This will include being able to show your home whenever it is necessary. 
3. De-clutter: Nobody wants to see a cluttered home. Your clutter will only distract potential buyers, and they will not notice the features that you have in your home. Get rid of unnecessary clutter and allow the buyers to imagine themselves inside your home. The small things can make all the difference in the world. You'd be surprised how much larger your home feels after getting rid of unnecessary clutter. 
4. Odors: You can get used to the odor of your own home. If you have pets you may want to consider a deep cleaning. If you cook with a lot of spices you may want to refrain from cooking on days that you have showings. Smokers may also want to step outside if they are trying to sell a property. Odors can drive away buyers very quickly, so make sure your home smells neutral.
5. Unwillingness to Negotiate: Depending on how strong the market is in your particular area in Atlanta, you may not have to negotiate very much. If you live in a neighborhood in Atlanta where the market is not so strong, you will have to negotiate. Luckily, you can refer to a professional like myself to fight for your best interests.
6. Unwillingness to make repairs:  I have seen many of my clients in North Atlanta that are unwilling to make repairs, and it has caused turbulence in some cases. When you sign a contract with a buyer you will have to disclose any material defects in your property, so it only makes sense to repair them ahead of time. It also helps to know which things are worth repairing, because you don't want to spend a fortune fixing your home right before you sell it.

Hopefully this information has been helpful to you. If you have any further questions about this topic, then feel free to contact me. These tips should help to sell your property.

As always, if you're searching for real estate in North Atlanta, please contact me for any and all of your needs.