This year's real estate market may be very different than previous years. Yest Interest rates are very low for 30 year fixed rate mortgages, but it still seems to be a difficult time to sell. Fewer buyers these days are qualifying for mortgages. Those that are employed are nervous about the economy, and do not want to part with the larger down-payment. Buyers are very conscious of the economy and layoff trends. Many lack of down payment, so they are saving and looking for great deals.
The one thing that is great about having a lot of experience in Atlanta real estate market is that you can almost predict what are the best opportunities to pull off a sale of a home based on previous experience and current market conditions. This year the predictions are more clouded because of all the events taking place. Wall Street, the stock market, layoffs, foreclosures etc. However, most sellers will place their homes on the market to coincide what they view they easiest transition to sell. Most sellers view the events in the economy but believe they are different. They aren't! Every seller believes they have the best and biggest home, and that they will get full price while others do not. The key is not to fall into the flawed thinking trap of other home sellers. Timing is key to selling a home providing it shows well and is priced right. The best time to get a home on the market is ASAP. This year we may be dealing with a lot of foreclosed homes in the Atlanta real estate market. There has been a moritorium with a lot of foreclosures that have forestalled their coming on the market. This will not last forever.
The key is to have your home under contract while others in your market are trying to time the market. A smart strategy may be placing a home on the market in early March. Don't get too optimistic, but clean homes sell that are priced right. Before you sell Atlanta real estate get advice from experienced real esate agents.
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