Your Georgia Home May Be Worth More Than YOu Think!
Today’s real estate market is very different than it was a year ago. Prices have increased rapidly over the pas-t 6-8 months as parts of a steady recovery we’re seeing take place across the nation in real estate. If you or someone you know has a home in which they owed more on their mortgage than the property was worth, that may no longer be the case. Or perhaps you’ve just been waiting the market out for prices to increase. Well, that time has arrived.
Generally, homeowners in the past few years have found themselves in one of two groups. The first group was underwater on their mortgage, owing more on their mortgage than the property was worth. Some of these homeowners were on the brink of foreclosure. The other group, because of how much property values declined, decided to wait to sell their home because all the equity they’d built was suddenly gone.
Many homeowners many not realize it considering how fair the real estate market fell when the housing bubble burst, but in the past 12 months, prices have actually rebounded at a fairly remarkable pace. In fact, according to the National Association of REALTOR®, prices rose 14.5 year over year in June of 2013. This is the biggest yearly increase in prices since November of 2005, when the market was almost at its peak.
In today’s Georgia market, there is significantly less inventory. At the same time, more people want to buy homes today than at any time in the past five to six years. Interest rates are at near record lows and a new generation of homeowners is trying to buy their first home. Georgia is also one of the nations leading states in job creation and new retirees are moving in to take advantage of Georgia great tax incentives.
If you are a homeowner in Georgia thinking about selling your home, the market is now in your favor. If you would like a free home evaluation visit my website at http://www.matthewsipera.com/sell/
If you or someone you know is facing foreclosure let us help you review your options. Call today at 678-828-4408 or visit my website at http://www.ShortSaleGA.com
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