5 Reasons To List Your Home In Atlanta’s Spring Real Estate Market
Mark Spain Real Estate has compiled all the reasons why you should buy a home in today’s Atlanta market! Atlanta’s 2016 spring real estate market is a seller’s market; demand is high and home inventory is low. Mark Spain Real Estate strives to deliver an unparalleled client experience and is proud to be named the most knowledgable in the industry! You can feel rest assured when allowing us to aid you in the buying and selling processes of your Atlanta home!
Here are five reasons homeowners should list now:
Buying A Home Is Cheaper Than Renting One
The cost of rent is exploding throughout the country. Atlanta is no exception. The average monthly rent for a single bedroom apartment in Atlanta has risen from $932 a month in 2009 to $1376 today.
With the mortgage deduction and record low-interest rates, paying for a home is now cheaper than paying rent.
Millennials Are Entering The Market
With the financial crisis long over, more Millennials are entering the job market. While many are still paying off student loans and delaying marriage and children, the rising cost of rent will also push them into the home buying market.
Limited Inventory Creates Higher Selling Prices
In a balanced market, the average number of days inventory stays on the market is between five to seven months. In Atlanta, homes are staying on the market for less than three months! This is great news for sellers, indicating a fast turnover rate in today’s market, enabling you to sell quickly and move on to the next chapter of your life with ease!
Buyers will have to compete for limited inventory. Sellers will benefit from this competition. They’ll have more bids for their homes this spring and can leverage those bids to increase their selling price.
An Improving Economy Helps A Home’s Value
Atlanta’s growing economy will support today’s buyers. It has added jobs across a broad range of industries with a larger than average number amongst business and professional services. Its wage growth is higher than most of the country and its cost of living is below average. This is great news for today’s buyers, the growing economy will support the active buying of dream homes in Atlanta!
A Home Sells Faster During The Spring
The average time to sell a home during the spring grows. During the 2015 winter in Atlanta, a home’s median days on the contract were above thirty days. During the spring it fell to below twenty.
Many economists predict interest rates will rise during the next few years. New home construction is picking up and will rebalance the market sooner rather than later.
Learn more about Mark Spain Real Estate here.
Guaranteed Offer Program
Mark Spain Real Estate strives to deliver an unparalleled client experience. We provide a Guaranteed Offer Program for our sellers who are in need of a fast sale and do not want to compromise on the sale price. With the Guaranteed Offer Program, we offer a competitive cash offer contingent on the inspection and enable you to close within 21 days!
You are able to bypass the market with no showings or open houses. At Mark Spain Real Estate, we want to alleviate all of the stresses that come with selling a home, we want you to enjoy the process as much as possible. You will be able to move on to the next chapter of your life with ease!
Mark Spain Real Estate strives to keep our clients as our top priority and deliver an unparalleled client experience. We are grateful to serve our clients in reaching their real estate goals! Contact us today!
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Mark Spain Real Estate is grateful to serve all of Metro Atlanta and Athens in Georgia, Charlotte and Raleigh in North Carolina, Orlando, Tampa, and Jacksonville in Florida, and Nashville in Tennessee!