Is the Atlanta Market Slowing Down?

Buying an Atlanta Home? Search all Homes for Sale
Selling an Atlanta Home? Check out our FREE Home Value Report

One question we've been getting lately is whether or not our market is slowing down. We are here today to answer just that.

I recently attended a seminar where they told us that yes, the market is slowing down on a national level. What does this mean? Well, there are more homes for sale than there have been, homes are taking a little longer to sell than they usually do, and home prices are being affected as well.  

The thing is, the nationwide stats don’t mean a whole lot to us in Atlanta. What we want to know is the stats for the Atlanta market, and from what we’ve seen, we aren’t seeing that slow down quite yet.

Right now, we have 4,000 more listings than we did at the same time last year. We have also sold 8% more homes this year than last. As for prices, they aren’t flattening or slowing down, but remain at a steady, healthy appreciation level.

Selling real estate has always been and will continue to be a price and beauty contest. If your home has been on the market for 30 days or more or you’ve had more than 12 showings, know that you need to look at your price carefully to see if you are still in-line with the market.

If you have any specific questions for us, feel free to give us a call or send us an email. We can’t wait to hear from you!

What Does the Negotiation Process Look Like with Multiple Offers?

Buying an Atlanta Home? Search all Homes for Sale

Selling an Atlanta Home? Check out our FREE Home Value Report

Thanks for joining us again everyone. Today's topic is negotiation in a multiple offer situation, from a seller's perspective.

You've probably heard the definition before, but when you have multiple offers on your home, it means you have more than one buyer who is willing to submit an offer to purchase your home. When you get more than one offer, you need to look at different criteria to determine if it's the best move for you. What should you look at?

Well, the price is important, but not the only thing you should pay attention to. In addition to having a reasonable price, you should also make sure your buyer is pre-qualified to buy the home. Another thing to consider is the type of financing they are considering. A cash offer is a lot stronger than a loan offer, because a loan can always be denied. It's a calculated risk, accepting this kind of offer. 

Finally, look at the proposed closing date. If it aligns with when you want to be out of the home, it's a good offer. When all of these factors play together, the best offer will present itself, and you'll be able to choose it.

If you have any questions for us at all, feel free to give us a call or send a quick email. We would love to help out!

How Does Supply and Demand Affect Real Estate?

Buying an Atlanta Home? Search all Homes for Sale

Selling an Atlanta Home? Check out our FREE Home Value Report

Hey there again, thanks for joining me today. Our topic this time is supply and demand.

When we talk about supply and demand, we are talking about the number of homes available for sale relative to the number of buyers out there in the market. As buyers purchase homes, demand for them decreases. Conversely, if we don't have a fresh supply of buyers, the market slows down and homes sit there, stagnant. When homes come off the market, unless we have a fresh supply, things get a little lopsided.

Finally, what actually controls both supply and demand is interest rates. Interest rates demand that either you buy or don't buy. If they are low enough, buyers are going to buy no matter what. I'm not quite sure exactly where we are in the cycle at the moment, but the market is still strong right now.

If you are thinking of buying or selling, or know somebody who is, give us a call or send us an email. We look forward to speaking with you!