Promising 2014 Atlanta Real Estate Update for Buyers and Sellers



Looking to buy or sell a home in Atlanta, Georgia? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price  Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (678) 428-5841 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hello, and welcome back to my bi-weekly video blog about real estate in the Atlanta area. Today I will be giving you a market update for 2014 and give you a little taste of what is to come in 2014.

As you probably know, 2013 was a very strong year for real estate in Atlanta, as well as most other real estate markets across the country. Some neighborhoods in Atlanta experienced larger gains than others, but real estate is driven by location, so appreciation will differ depending on what area you're working in.

What Sellers Can Expect...

There is a very low inventory right now, which means that you will have much less competition from other sellers and also more buyers competing to buy your own property. This will bring you higher value for your home. If you are staged properly and priced strategically, then you should do quite well in our current market.

  • Notice how I said 'priced strategically'. This doesn't mean that you need to price your home very low or very high. We have a strategic method for pricing that pushes the envelope but doesn't break it. The result is a great price for your home. If you're interested, we would love to share with you how we price our properties in that way.

What Buyers Should Look For...

A low inventory can be a challenge because it means less homes and more competition. Luckily, our team here doesn't just search the MLS to find properties that are for sale. We can contact sellers who have not yet listed their homes, and we also communicate with people who were thinking of selling their homes, but just weren't sure if it was the correct time to do so.

We like to think of ourselves as home hunters because we like to find great homes for our clients that wouldn't ordinarily be found by a traditional search. We're here to work for you and find you a good home for a great price.

As always, contact me for any assistance that you require. I can be reached at (678) 428-5841 or email me at Lorie@HomesByLorie.com

Interest Rates have Temporarily Lowered - Take Advantage Now



Looking to buy or sell a home in Atlanta, Georgia? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price  Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (678) 428-5841 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hello, I'm here with you again to let you know about an exciting and unprecedented change in interest rates.
  • Rates have decreased to 4.25% (for conventional properties) and FHA rates have dropped to 4%
  • They were sitting right around 5% before, so this is an exceptional amount of savings.
  • These rates are lowering because of investors pulling funds out of overseas markets and into our bond market.
  • However, these rates will not stay low for long, so act now!
If you or anyone you know wants to take advantage of these very temporary, but very affordable rates, please contact me.

You can call me at (678) 428-5841 or email me at Lorie@HomesByLorie.com

Have a great week, I look forward to hearing from you!

Selling Your Home While Buying a New One in the Atlanta Area



Looking to buy or sell a home in Atlanta, Georgia? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price  Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (678) 428-5841 for a FREE home buying or selling consultation to answer any of your real estate questions.

I get asked all the time when the best time to sell is in relation to buying a new home. Do you sell before, during or after you find your next home? There's three different approaches.
  1. You can list your home and put in a contingent offer for another - What does this mean? You are making an offer that says you will purchase their home as long as you sell yours. The problem is this contingency will have a 'kick out'. If the seller finds another buyer to make an offer, you will have a certain amount of time to either withdraw your offer or move forward. If you can't sell your home in time, you can lose out on that perfect home.
  2. You can make a non contingent offer on a home if you are able to obtain a home loan without selling your current - The risk is you may then be stuck with two mortgages. What if for some reason the market takes a down spiral and your home doesn't sell?
  3. The best way, in my opinion, is to wait until your current home is under contract and then place an offer on another home - This way the purchase of your new home is only continent on closing.
If you have any questions about buying or selling, or any other real estate advice, please give me a call today. Thanks for watching!