Why Are Atlanta Condominiums so Hot Right Now?

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Right now, we're seeing a lot of multiple offer situations with Atlanta condos. From Buckhead to Morningside and Virginia Highland, condominiums are in high demand right now in our area. In fact, we've seen some sell for as high as 9% above list price.

Areas with a great school district - such as Brookhaven, Cobb, East Atlanta, Grant Park, and Decatur - are incredibly hot. If you're looking to buy, you need to be prepared to make a strong offer, as you'll likely have competition. If you want to have a good shot at winning a multiple offer situation, it's crucial you work with an experienced real estate professional. They will help you implement strategies that are necessary to get you the home of your dreams.

We're seeing many people from different demographics throughout the city choosing this spring to make their move. Empty nesters and first-time buyers alike are looking for new places to live, and this has led to an incredibly active Atlanta market.

If you would like assistance finding the right place for you and your family, we would love to help. Give us a call or shoot us a quick email for the real estate assistance you deserve! 

How Can You Make Your Offer Stand Out in a Busy Atlanta Market?

Buying a home? Click here to perform a full home search Selling a home? Click here for a FREE Home Price Evaluation  Call me at (404) 564-7272 for a FREE home buying or selling consultation
With the Atlanta market as competitive as it is, you need to take the extra step if you want your offer to be accepted. Right now, we're encouraging buyers who have found a property they really like to write a letter to the seller letting them know how much they love the home and why they want to buy it. In some cases, the seller has decided not to go with the highest offer, but with the one that has a personal letter attached to it. 

If you decide to write a letter, it should be from the heart. If it's sincere, trust us, it will work. We recommend doing this even if it's not a multiple offer situation. It will simply increase the likelihood that your offer is accepted. 

Another strategy buyers are using is high earnest money. If you're in a situation where many of the buyers are making similar offers to your own, we highly encourage you to put down as much earnest money as you possibly can. As long as you're not going to default, there is no reason you shouldn't put down as high as five percent for your earnest money deposit. 

If you have any questions about how to put together a strong offer, give me a call! I would love to help you secure the home of your dreams!

What Does High Buyer Demand Mean for the Value of Your Atlanta Home?

Buying a home? Click here to perform a full home search Selling a home? Click here for a FREE Home Price Evaluation  Call me at (404) 564-7272 for a FREE home buying or selling consultation
 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!