5 Reasons You Should List Your House TODAY! taken from the The KCM Blog. Ana Hodge -www.buyahomeatl.com
People are usually asking about the market and the overall idea, and the reality until recent months is that the buyers have had the upper hand, and many people was able to acquire really good properties for almost nothing. Well, things are changing. The effect of low interest rates keeps bringing more and more buyers into the market, and now the challenge for those wanting to buy before interest rates climb is that inventory of homes for sale is low. reality is right now in Marietta, GA we are in a sellers market and this are 5 reasons why this is a great time to get off the fence and list your home. 1.) Demand Is High Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing. 2.) Supply Is Low The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. The current month’s supply is down 21.6% from the same time last year. Historically, inventory increases dramatically in the spring. Selling now when demand is high and supply is low may garner you your best price. 3.) New Construction Is Coming Back Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative to many purchasers. 4.) Interest Rates Are Projected to Inch Up The Mortgage Bankers’ Association has projected mortgage interest rates will inch up approximately one full point in 2013. Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home. 5.) Timelines Will Be Shorter The dramatic increase in transactions caused many challenges to the process of buying or selling a home in 2012. We waited for inspections, dealt with last minute appraisals and prayed that the bank didn’t ask for ‘just one more piece of paper’ before issuing a commitment on the mortgage. There are fewer transactions this time of year. That means that timetables on each component of the home buying process will be friendlier for those involved in transactions over the next 90 days.
Buying,selling or investing in real estate in Marietta or Cobb County? I would welcome the opportunity to help you have a successful and financially rewarding transaction.
If you’re looking to improve the appearance of your home for resale in Cobb County, or you just want an updated look for your own enjoyment, there are a few things you must consider before beginning any costly project. Sure, … Continue reading →
Biding wars continue to get worse in some areas. Another reason why you need a professional on your side!
Tight inventories of for-sale homes all over the country are to blame for the biding wars on homes for sale in recent months. Buyers in the Cobb County and Atlanta metro areas in general are competing with investors and other cash buyers that are ready to snatch a good buy before home prices climb again.
The situation is causing frustration for people as they face rejected offers and are forced to get competitive by in some instances having to offer above listing price in order to secure a contract. According to the California Association of REALTORS®, as cited in Realtor.com, Daily Real Estate News, “nearly six in 10 homes were selling with multiple offers because of tight inventories.”
For buyers this mean that now more than ever they should seek the assistance of a professional Realtor to help them understand the market and be competitive as they approach the home buying process.
For sellers or anyone waiting for the right time to sell a home, this are very encouraging news as we enter into the new year. Homes are receiving an average of four offers, according to CAR’s 2012 Annual Housing Market Survey report. Forty-one percent of homes are selling without a discount too, which marks the highest number since 2005.
When it comes to selling your house, you probably want to get the most money you can in the least amount of time, with the least amount of hassle.
To help you create the best pricing strategy, Keller Williams has compiled research and advice from industry experts to give you the very best answers to the most common issues that sellers have to face: the first one, and probably the most difficult to tackle, price.
After countless hours of research and transactions KW experts found that pricing a house for sale correctly from the start is one of the most important factors in ensuring that the house sells quickly and for the highest price possible.
In this video, we’ll explore how the market determines price, the value of improvements, alternative pricing strategies, and what it takes to make the most of changing market.
If you or anyone that you know wants to sell a home in Cobb county (Marietta, Smyrna, Vinings, Kennesaw or Acworth) and is interested in finding how much money their home is worth, call or email me, I will welcome the opportunity to help you with no obligation and no pressure, just a friendly conversation.
Kennesaw, GA Home Prices and Market Trends brought to you by Ana Hodge with Keller Williams Signature Partners in Marietta GA. You can also find more reports like this for your specific area on my web-site www.buyahomeatl.com
Is it a good time to list my home for sale in Kennesaw?
Just as we saw with some other areas near Atlanta, list and sales prices continue to increase in Kennesaw. During the month of November list prices increased by 1.59% from October while sales prices increased by 0.42 percent. The median list price in November for single family homes in Kennesaw is $325,000. The median sale price in July for single family homes is $236,000. The price per square foot for listings in this area averages $113. while theprice per square foot for sales in this area is $63. As you can see on the below graph, both list prices and sell prices continue to climb.
When thinking about listing your home for sell you should keep in mind that price is one of the most important factors that will determine success for you as a seller. A professional real estate consultant will not only list your home but will price it right so you can get as much money as you can in the shortest amount of time. This graph shows the disparity between list and sale price which is not a surprise because of the high volume of distress properties that are in the market right now.
Market Inventory trends
The number of active listings in Kennesaw dropped by 2.1% from the previous month. The median number of days active properties have been listed is 69. This is significantly shorter than the national average and great news for anyone considering listing a home for sale.