Atlanta Real Estate Video Blog with Melida Potts of Potts Realty

What Determines the Price of an Atlanta Home?

Atlanta Real Estate Agent Melida Potts explains how supply and demand is the only factor that truly controls the price of your home when you're selling it on the market.

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Good day everyone, and welcome back. Today I am excited to talk about one of the most important topics in real estate: PRICE. Specifically, we want to answer the question: "Who determines the price of your home?"

To determine what actually affects the price of your home, let's take a look through the different people involved with the transaction, and see if they determine the price of your home or not.

The seller doesn't, because if the buyer doesn't buy at their price, the home won't sell.
The buyer doesn't either, because the seller will just hold out for a better offer if you try to lowball them.
The appraiser doesn't, because they are just looking at numbers, and not the amenities and extra features in your home that add value.
The agent doesn't, because they want to get the listing and sell it at the price they think they can sell it for.

So, what actually determines the price of your home? Supply and Demand. This simple economic formula is what truly determines your home's price. Depending on how many homes are for sale and how many buyers are out there, that's what will determine the price of your home.

If you have any questions for us, feel free to give us a call or send us an email. We would be happy to help you determine what you can sell your home for in this market.

How to Sell Your Atlanta Home After You've Bought a New One

Atlanta Real Estate Agent Melida Potts outlines the process of preparing your home to sell after you've already bought a new one.

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 we are going to talk about selling your home after you have already bought a new one. This is a problem many people run into, and there's often a lot of pressure on you to sell your home quickly. The exciting part is over. Now the work begins. Here are 3 things you can do to accomplish your home sale painlessly and profitably:

1. Prepare your home for the market
This means making the house as pretty and attractive as possible to potential buyers. You'll want to de-clutter, de-personalize, and make things look as nice as you can without spending a lot of money.

2. Price it right
If you're stretching a little to make sure you don't leave money on the table, that's OK. However, if you haven't gotten any offers after 30 days, it's time to adjust the price a bit.

3. Unexpected repairs
These are mostly things that will come up during the inspection. Here are the rules of thumb for doing repairs:

Repair it if you'd do it for yourself.
Repair it if it's something the next buyer will request for you to repair.
Repair if it's something that does damage to the house.

With these thoughts in mind, if you've already bought a home and are looking to sell, it shouldn't be a painful thing. If there's anything we can do to help you out, give us a call or send us an email and we would be glad to help.

Should You Buy First, or Sell First?

Atlanta Real Estate Agent Melida Potts reviews the pros and cons for both buying before selling, and vice versa.

Recently, a lot of buyers have entered our market. It seems that they are all asking the same question, "Should I buy before I sell, or should I sell before I buy?" Well, let's go through the options, spelling out the advantages and disadvantages of each, and you can decide for yourself which to do. Let's get to it!

If you choose to buy before you sell, you have the advantage of getting to choose your home very deliberately. There's no pressure for you to buy, because you still own your current home. The disadvantage of this route, of course, is that you may end up owning 2 homes at once for a period of time. However, if you aren't married to your price, and prepare your home correctly, you shouldn't have any problem selling.

Now, if you choose to sell before you buy, the huge advantage here is never having to worry about paying for 2 homes at once, because you can make an offer on a home that is contingent on the sale of your current one. The disadvantage here is that the pool of homes you are choosing from may not be as large. You may also feel a little pressure to buy, especially if you have to be out of your home by a certain date. However, you should still see plenty of options to choose from in our market, especially this spring.

So, which one should you do? It depends on your own tastes. If you would like my thoughts as to what you personally should do, please give me a call or send me a quick email. After helping people buy and sell homes for 30 years, I have done everything and I have a lot to share with you.

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About Melida

Melida Has 24 Years in Atlanta real estate. Selling over 1,000 Homes, with more than $100 million in sales. That is more than 14 times that of the average agent in Atlanta. Melida has sold in all types of markets – up market, down market, flat market. You get more product & market knowledge, more accurate pricing, proven market strategies, and stronger negotiating power.

Melida’s average market time has been 25 days compared to the Atlanta agents average of 149 days on the market. When you’re serious about selling fast nobody sells homes faster than Melida. Melida sells 3 homes in the same amount of time it takes the typical agent to sell one. List to sales price ratio is 94.4%. For example, for every $100,000, Melida will get $94,400 for you.

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Melida Potts
Your Professional Atlanta Realtor
The Potts Realty Team

1733 Mount Vernon Road
Dunwoody, Georgia 30338

770-396-6100
mpotts@youneedresults.com
www.homes-4-atlanta.com

Potts Realty Testimonials

Click to hear recent
testimonials from happy clients

Greg - "We had good results when we worked with Potts Realty. I worked more with Cindy, but Melida actually found us the house. They were very responsive and whenever we needed anything or would call, they actually responded right away. "

Brita - "They were very efficient. I got my home sold fairly quickly and they kept on their promises. There was an instance where we got 2 offers on the same day and before I could even call them back Cindy, who works with Melida, called both parties and asked them for their highest and best offers so she was really on the ball for that."

Dianne - "I had excellent results with Potts Realty! They gave me good advice and was able to sell the home that had been on the market for 4 years within a month! She aggressively went out and sold it and was able to get the offer within $5,000 of our asking price. She always kept us updated and everything ran smoothly!"

Rick - "They got a fair number of people coming in to look at the house and they did everything it took to make it happen. They had signs, all the advertising, and I really didn’t have to be involved. In looking for a house, they were very good at finding places that met my criteria. They had everything done so quickly!"

Sandy - "I thought Potts Realty did a very good job and I was pleased with the whole process. I was completely happy with them."

Tony - "I was very happy with them. They were informative and I couldn’t have asked for anything else. They were just there when I needed them. Years ago, Melida came to my house and told me that I should tear up my carpet and finished the floor so I did and I think that’s what sold the house."

Mary - "We had a good listing experience and it only took about 9 days to sell it. The first people that looked at the house liked it but they had a hitch and changed their mind. They ended up coming back about 2 or 3 days later and bought it. I had used a different Realtor about a year and a half before, but I was very satisfied with Potts Realty."