Friday, September 28, 2012

Housing Inventory is Down, Home Prices are Creeping Up

No one can deny that the housing market is really active here in Atlanta. Those buyers who are still on the fence may find themselves looking back later to a missed opportunity to get in while prices are still low. Fact is that the high competition out there for homes due to decreased inventory is real.

Non-REO sellers may also regret a missed opportunity if they hesitate about listing their property for sale. Reduced foreclosure inventory means more opportunity for their homes to shine in a brighter light. I also offer a word of caution though. While the sales prices are going up for many homes, sellers still need to price within the present market. Utilizing Realtor who has a pulse on your specific market area is crucial to a setting a successful sales price.

If you ask agents in those in the market many homes are getting into multiple offer situations within DAYS of arriving on the market. Don't stay behind the curve. Ride this wave before it washes ashore. Missed opportunity usually leads to regret.

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