The Atlanta real estate market has been hot over the past several years, so if you’ve been considering whether to list your home for sale this year, there may be no better time than right now to do so. Here are several reasons why 2019 is an excellent year to sell your Atlanta home
It’s a Seller’s Market
Increasing demand paired with lower inventories has made the Metro Atlanta market a seller’s in the last months. For you, as a seller, this means if you price your home competitively with fair market values, you’re more likely to sell quickly with your asking price. In some cases, if more than one buyer wants your property and they begin a bidding war, you may actually get more than your asking price. Sellers definitely have the advantage in current market conditions.
More Home Buyers are Flooding the Market
Last year, Atlanta became the third fastest growing metropolitan areain the nation, growing by nearly 100,000 people between 2016 and 2017. As this trend continues, a fair number of incoming buyers will be looking to purchase their first Atlanta home, adding to a large number of prospective homebuyers already on the hunt. Listing your home this year puts you in front of potentially hundreds or thousands of prospective buyers.
Interest Rates are Starting to Climb
We have enjoyed historically low mortgage interest rates for several years, but as the economy grows, those rates are now starting to climb. This can reduce the number of people eligible to buy homes in your price range. As of early 2019, the rates are still low and favorable to home buyers, but as they climb, 2020 may tell a different story. If you have been sitting on your home while your equity builds, now may be a good time to cash in on that equity before interest rates start reducing your pool of buyers.
The experts at Atlanta Fine Homes Sotheby’s International Realty can work with you to price your Atlanta home competitively and market it effectively to an eager market. To learn more, give us a call at 404.948.4812.