When it comes to prime real estate, Atlanta has it all. A thriving metropolitan area with reasonably priced homes, it’s easy to see why Atlanta is a hot seller’s market right now. As a city with a strong economy, excellent employment opportunities, and vibrant culture, many people are relocating to Georgia’s state capital. This makes it an ideal time to sell your house in Atlanta. If you’re not sure whether to sell your Atlanta home, here are five reasons why you should take the plunge.
Increased Home Values
According to Zillow, Atlanta home prices have increased by 7.7% over the past year alone. If you’ve owned your home for several years, you may have more equity in it than you think! If you’re wondering what your house could be worth, you can go online and look at what other similar homes in your area have sold for. Alternatively, for a more accurate valuation, you can consult an experienced local real estate agent. A knowledgeable agent will be able to value your house using comparable sales in the area. This can give you a good idea of what your home might fetch on the open market.
High Buyer Demand
Atlanta is one of the fastest-growing cities in the U.S., according to a report by the Atlanta Journal-Constitution. In the past decade alone, the Atlanta metropolitan area added 730,000 new residents! With such a large number of people moving to Atlanta each day, they need a place to live. This has helped to boost Atlanta home prices and ensures a steady supply of ready and able buyers. With more qualified buyers in the market, you’re more likely to get top dollar for your home, or even multiple buyers competing for it! A multiple offer situation is a seller’s ideal scenario, and many homeowners in Atlanta are experiencing this situation every day in the current market.
Housing Inventory Is Low
Simply put, there are more buyers looking for homes than there are homes for sale. Competition between buyers is stiff, with multiple parties competing for one home. Although this is challenging for buyers, it’s excellent news for sellers! If your home is relatively modernized and move-in ready, you’re sure to have a lot of interest!
Motivated Buyer Pool
The pandemic has taken its toll on everyone — especially those working from home. If you were already unhappy with your living situation, being forced to stay in your home for extended periods probably didn’t help. In addition, many renters have had time to mull over their financials during the past year. If you have a home office or a flex room in your home, you can expect it to be very popular with buyers. With more and more people working from home and homeschooling, extra space has become precious. If you’re an empty nester sitting on additional rooms you simply don’t need, now is the time to sell!
The time of year to sell your house in Atlanta depends on a number of factors. The date you choose can significantly impact how quickly your home sells and the sale price. Many families currently looking for a home in the Atlanta area want to close before the start of the new school year. Listing your home in spring or early summer is a great way to attract motivated buyers who want to settle into their new home over the summer. If your home is located in a good school area, you’re even more likely to have interest from multiple buyers.