If you want to sell your home in Atlanta, GA, then you’re probably asking yourself questions like, “how is the market in Atlanta?” and “is it a good time to sell my home?” Selling a home is difficult at the best of times, but today, with house prices all over the place, what's the answer?
How Is The Real Estate Market In Atlanta?
For the last several years, the real estate market in Atlanta has heavily favored sellers. We’ve seen enormous demand for housing in the city thanks to economic revival, combined with a limited supply of new housing. Sellers have been able to increase prices and charge buyers a premium for their property.
But there is evidence over the last year or so that the party for sellers may soon come to an end. The market is finally adjusting, and it’s unlikely that we’ll see prices rise much further. If there’s a recession, then prices could fall.
All of this suggests that if you are planning on selling your home in Atlanta, then now might be the time to do it, right at the peak of the market. Local buyers are getting more power, and homes aren’t selling as quickly as they were back in 2017.
What Condition Is your House In? (An Ugly House Won’t Sell)
If you’re planning on selling your home in Atlanta, then you also need to consider its condition. Because the balance of power is shifting back towards buyers, sellers need to do things that make their properties more competitive. In tomorrow’s market, an ugly home may be much less likely to sell than a beautiful one, and sellers may find themselves offering substantial discounts - not something you want.
Check the condition of your home before opening it up to buyers. You’ll want to cover the following:
Do You Have A Good Realtor?
The final pillar of selling your home in Atlanta is choosing the right realtor. Experienced realtors can offer all kinds of benefits that make selling your home a much easier process.
Good realtors are those who can sell your home outside of peak buying season. The price of homes tends to follow seasonal patterns throughout the year. Quality realtors will be able to smooth out those patterns for you, enabling you to get the best price for your home, no matter when you decide to sell.
Good realtors also offer a variety of other benefits. For instance, realtors will liaise with your solicitor on your behalf, arranging technical legal matters to do with the sale. Realtors will also help advertise your home to the people most interested in buying it, helping to speed up the selling process. Finally, realtors will take care of some of the technical features of the housing market, like managing the entire chain of buyers and sellers.
Ultimately, whether it’s a good time to sell your home in Atlanta is a personal choice. Are you ready to sell your home? If you are, then now might be the opportune time, given the current state of the market. Over the next few years, the market may turn against sellers.
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