Atlanta Home Values-What the Recovery Means to YOU as an Atlanta Home Seller!

 Atlanta Home Values-What the Recovery Means to YOU as an Atlanta Home Seller

Atlanta home sales are rising...slowing, but surely. Soon, builders will be buying lots and building again and prices will no longer be in free fall. After so much pain, signs of a recovering housing market are starting to surface, so what does this mean to you as an Atlanta home seller??

For folks in the high-end market, this still means long waiting periods. In the mid-range homes in Atlanta, we are still seeing homes move at a fairly decent rate of 6-10 months. Of course, the lower-priced Atlanta foreclosures and Atlanta short sales is where we see most of the action occurring. A big chunk of the 1.9 million post-boom foreclosures have been among the least expensive of the 35% of homes.

For Atlanta home sellers, this means forgetting trying to compete with foreclosures on price. You have to keep in mind that some buyers will pay more for a home in move-in condition, so be sure to spruce yours up and sell that fact HARD in your marketing materials.

If you have to move out soon, its all about standing out in the crowd, so if you're in a market where sellers are chunking down prices bit by bit, got for one BIG price cut. A BOLD move will attract attention and prevent the listing from going stale. Also, offer closing costs off the bat, since many buyers will be short on the cash to cover it and will be asking for it anyways. You can also throw in some necessary improvements, such as new carpeting, blinds, fresh paint, etc. to make it shine.

In the upper-tier market try to set a price at a level that doesn't require a jumbo loan, if possible and know that prices will likely begin a full recovery in the next 12-18 months.

 This market for an Atlanta home seller requires SERIOUSLY UNDERCUTTING THE COMPETITION and marketing in a way that shows Atlanta home buyers VALUE. 

 The tax credit did a world of good for stabilizing home values, however, we'll truly start to see the end of the housing bust once unemployment stabilizes.

 Despite the hurdles, the Atlanta home market is not as bad as it may seem. But, of course, you won't hear news headlines of that nature.

 Since the beginning of 2010, over 20,849 homes have SOLD according to FMLS data. This is an average of 3,500 homes per month (that have been changed properly in the system). Not too shabby considering all of the doom and gloom talk. The bottom line is that Atlanta foreclosures have always been around, they always will be around, but the bottom has hit and there is still a limited window of opportunity left to capitalize on one of history's BEST buying opportunities and selling opportunities if you can see the big picture in making up your lost equity through your next purchase.

 If you're looking to sell your home for TOP DOLLAR, call me to find out how I'm selling about 90% of the homes I take on!