Selling and Buying tips in the Current Atlanta Market
March 2020 was the start of a new market in Real Estate. As most businesses were closing down due to COVID-19 and the economy was going to a standstill, mortgage rates dropped to some of the lowest rates in history. This encouraged many to buy homes but not as many were interested in selling. This is what we call a Seller's Market when there are more Buyers than Sellers and there is a shortage in inventory. For Sellers, this can be classified as a great thing! Seller’s get top dollar for their homes and this often helps the property values to increase in the surrounding areas. For Buyers, however, this can make looking for a home a bit of a challenge. One thing to keep in mind when Selling during a Seller's Market period is that oftentimes Buyers are going to be competing for your home. This means that they will possibly be offering over the asking price, will not ask for any Seller's concessions, and will do other things to make thei...