Month: February 2019

We are still in the first quarter of 2019 and the housing market and experts are still trying to figure out what will happen with the real estate market this year.  Buyers and sellers are looking at lower prices in some areas whereas others are experiencing a shortage of houses on the market.  How does all of that affect you when the time comes to sell your property?  If you need to sell quickly because of divorce, finances, a new job or any other reason there are some trends that you should be paying attention to as they will affect your selling price.

Slow Start

Markets tend to be slow this time of year, but as the temperatures climb so do housing prices.  Spring is generally one of the better times of year to list your house, renters and first time buyers tend to start looking in the spring so they can move into a new home in the summer months.  Families don’t want to move during the school year but they will start looking around April.

If you can wait to list until then it can help you get a better price.  Wages have also gone up and interest rates have remained fairly low which helps the housing market.  There are state and federal tax programs that help first time buyers get into a new home.  All of that is good news for sellers looking for a quick sales in today’s market.

Fewer Houses on the Market

This is a great time to sell your home as there are fewer homes on the market up for sale.  The economy is still doing relatively well in Georgia and that gives buyers the confidence they need to finally buy their first home.  So if you are planning on selling you stand a much better chance of getting a good price, even if it is not the ideal time of year or you need to move quickly.

Millennials are Finally Buying

Since the last economic crash there has been a bigger trend towards renting rather than buying.  Millennials were hesitant to get into home ownership but that trend is finally starting to change.  Renters didn’t want to repeat the mistakes of the past and did not want to get into mortgages that they couldn’t afford.  Now they are looking for a home to call their own, that can help you sell your home quickly.

Markets

In most places across the country both buyers and sellers can benefit from having a good realtor on their team.  Choosing the right realtor for you can make a huge difference in the process of buying or selling a house.  Your house is likely to be the single biggest financial asset you ever have so it makes sense to have someone that is on your side looking after your interests.  Let’s look at what goes into making a good realtor.

Experience

Real estate is a challenging industry and if you find a realtor that has survived the good and the lean times is a testament to their skills.  Skills like negotiating develop over time and a real estate agent who has been in business for a while has done so by professional skill and putting their clients’ interests first.

Local Agent

A local agent understands the neighborhoods and properties in the city in which you are searching for a house.  They have connections within the community including other agents, trades people, attorneys and mortgage brokers.  They understand the pricing in the market place along with other considerations such as where the best schools are and which neighborhoods are up and coming.

They are Licensed

Each state has requirements for licensing agents and brokers and a licensed realtor needs to demonstrate their knowledge and pass several exams in order to get their license. This is what separates the pros from those just looking to take your money.  You can check with the Georgia Secretary of State to find out if your realtor has a license or any disciplinary action against them.

They Know How to Market Your Home

Real estate has changed a lot in the past decade and now smart realtors know how to use the internet and social media to market houses.  If you are selling it gets your house in front of more buyers and if you are buying it helps you narrow down your search to the type of house you are looking for.  Any agent you work with needs to know how to market your home.

Talk to Former Clients

Former clients are a great source of information about a realtor.  Were they happy with the service and did they feel like the realtor listened to and addresses their concerns?  Would they recommend the realtor to their friends and family?  You want a realtor that is going to aggressively act on your behalf to make sure you get the best deal you possibly can whether you are a buyer or a seller.

Agents