Feb 22, 2021
Are you interested in selling your home in Atlanta, Georgia? You’re in good company–it’s an exciting time to sell a house in Atlanta, but with an ever-changing market, it can be challenging to even know where to begin.
The experts at Mark Spain Real Estate have years of experience working in the Atlanta housing market and stay on top of key industry trends to keep our clients adequately informed. Below, we’ve compiled three vital things to consider before selling your home in Metro Atlanta.
Steady job growth, unique business opportunities, and comparatively lower prices have sparked the interest of an influx of buyers and investors over the past decade. All of these components combine to make Atlanta, Georgia what is known as a “seller’s market.” Act fast and indulge in selling your home in Atlanta, Georgia!
A seller’s market, in general, is a real estate market in which there are more buyers than there are sellers. With increasingly high demand, houses have a tendency to sell very quickly, and due to the competition, properties may often sell above their asking price. Compared to last year, the average number of days Atlanta homes spent on the market has fallen by 43%, which indicates a much faster selling process. If you’re looking to sell your house in Atlanta, this type of market works in your favor. However, these competitive conditions also mean that sellers may be subject to tighter deadlines, so it’s important to work with a real estate firm that knows the ins and outs of the area.
When you’re looking to sell your home fast, it’s essential to know who it is that will likely be doing the buying. By understanding the Atlanta buying market, you’ll have the advantage over your competition in a couple of key areas.
Almost 40% of Atlanta’s population falls within the ages of 20-39, and millennials make up a large majority of the buying market, specifically in Atlanta. Due to the increasing popularity of the area, rent prices continue to rise and more and more millennials are incentivized by the low interest and mortgage rates.
Additionally, Generation Z, or those born between 1995 and 2001, are reaching the age where purchasing a home is becoming extremely enticing. These younger populations may have a significant impact on the Atlanta housing market as they settle into jobs and long-term relationships. Lastly, baby boomers continue as a significant force in the Atlanta real estate market, as many are looking at Atlanta for investment opportunities.
What does this mean for selling your home in Atlanta? It’s clearly critical to consider what younger generations are looking for in a home. For example, with the development of a work-from-home culture, commute distance becomes less meaningful, but open space and interior design may gain significant value. An expert real estate firm, like Mark Spain Real Estate, knows how to appeal to specific demographics and sell your home fast at the highest price.
Mark Spain Real Estate has served the Atlanta metro area for over 25 years and provides expertise on everything there is to know about the local housing market. By partnering with Mark Spain Real Estate, we can help you in the process of selling your home in Atlanta fast, and even get a cash offer on your home so you can sell in as little as 21 days, hassle-free, with our Guaranteed Offer program.
Looking to sell your home in Atlanta? Contact Mark Spain Real Estate today.
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