We have found since March 2020, the unemployment rates are not affecting the housing market in Atlanta. It is important to keep in mind, the market YOU ARE IN.
#1 – Low Availability
You may have heard the term “Low Inventory”. There are not enough desirable homes on the market for the number of home buyers in the Metro Atlanta Market.
Admittedly, it is hard to compete with new homes and newly renovated homes. But if your home has more space for those working from home to have a dedicated office, and more outdoor space, it may be time for you to take advantage of the market and SELL.
#2 – Low Interest Rates
With interest rates to borrow money still at historical lows, it is wise to use borrowed money to invest in real estate, even as your primary residence.
#3 – Rising Sales Prices
Most people have built equity in their homes, even if they have only owned for a few years. Real Estate is the #1 vehicle for building wealth.
You can take advantage of rising sale prices to cash out the equity you have in your home to either down-size or move up.
Rising sale prices allow you more freedom in where you live and can help you afford more than you could have without the equity for a down payment on a new home.
#4 – Lifestyle
Perhaps your lifestyle has changed? Or you want it to change? Maybe you have dreamt of living in the mountains, at the beach, in the city, suburbs, or country?
With all of the other factors present in today’s market, it could be the time for you to live the life you have wanted!
#5 – Other Incentives
Some small communities are offering incentives for persons in the remote workforce to relocate to their city/town. Many want to go back to a more intimate type of community to raise their children, or retire, or simplify their own lifestyle.
Maybe your home is outdated and you don’t want to take on a renovation project. With the number of investors seeking homes to renovate and resell, it is a good time to sell AS IS and be free to purchase a home with less maintenance.