The Atlanta area is still suffering from a general lack of inventory. Obviously, this makes it a seller's market, as buyers don't have the leverage to get great deals. We're seeing lots of multiple offer situations, and often homes are selling well above list price.
Another trend we've seen lately is an increased use of the escalation clause, which states a person is willing to pay $3,000 more than the highest offer the seller has received.
Interest rates are as low as 3.25% for those with great credit, but the Fed has announced that rates will certainly rise soon, without a doubt by the end of the year. Adjustable rate mortgages are as low as 2.4% right now, if that's something that would better fit the needs of your family. You can't beat these rates!
Conditions right now are almost too good to be true, but they're not going to last much longer. Now is the time to buy, plain and simple. Give us a call if you want to work with highly experienced real estate experts. We would love to help you take advantage of these fantastic conditions!
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