Buying a Home in North Atlanta? Homes in North Atlanta are in high demand, but in short supply. If you are looking to buy a home in the North Atlanta area, you are soon going to find out that homes in good condition that are priced fairly are selling fast. Typically, these homes are selling with multiple offers and selling more than the list price.
Buyers looking to take advantage of the great interest rates, are finding that in order to buy a home, they need to be prepared to act quickly, be prequalified with a loan mortgage originator, and understand that the list price of the home does not equal the value of the home. Buyers need to understand the buying process before they ever start looking at homes. When we meet with buyers, we educate them about the market which is changing very quickly. Also, we need to fully understand what is important to them and what might be negotiable.
Some of the changes that have happened just in the past several months that are impacting home buyers in North Atlanta are:
Fewer Real Estate Owned Homes on the market
Less homes going to foreclosure
Less New Homes being built for the past 4 years
More households forming as people feel more confident in the job market
Buying a home in North Atlanta is still very attractive as pricing while increasing is still below 2005 pricing. Interest rates are still at an all-time low, so buying power is still high. It is just getting more and more competitive as less home inventory is available. It is now turning to be a seller’s market – so don’t miss out.
Ready to buy a home? We can help. Call Mark for a personal appointment 404.886.8789 or feel free to Search the MLS for homes & set up an appointment to see your favorite!