Market update for Alpharetta - Roswell - Marietta

Things remain unsettled in the Alpharetta - Roswell - Marietta corridor of North Atlanta; we haven't rolled into the expected "buy" period just yet. This is normally the time that we see a spike in relocation activity and I can say that hasn't happened with agents I speak with. It's clear that buyers remain convinced values will continue to fall - they might but buyers also need to watch rates. The Fed has all but said that they will hold and likely increase the discount rate in the near future to curb inflation. Buyers that wait on prices will lose on rate. Again - if you're a qualified buyer now is the time to pull the trigger. Buy with your head, not over it and you'll be fine.

A major issue currently impacting home sales in the Alpharetta - Roswell - Marietta is the jumbo mortgage market; those rates remain higher than they've been in years. We expect this market to remain slow until rates become more competitive, many home buyers in these areas will require jumbo loans. One thing hasn't changed and isn't likely to; North Atlanta home buyers must be prepared for a thorough vetting, expect lenders and underwriters to turn you inside out! The inventory of homes for sale in Alpharetta - Roswell - Marietta is significant and weeding through it to find the right home is a chore. We find the vast majority of homes either over priced, not in show condition or in a literal state of disrepair. This is usually due to desperate owners that are trying to catch lightning (in the form of a stupid buyer) and can't get their homes squared away or insist on trying to get out even. Either way the market will take care of them. The homes properly presented and priced are actually selling in reasonable times for prices that are higher than expected. In fact we've seen several homes contract in less than 30 days in the high 90% sale to list ratio range. Alpharetta - Roswell - Marietta home buyers have an advantage to be sure, but we caution ours not to get ridiculous; find the right home and secure it because another qualified buyer will if you don't.

So what should a home seller in these areas expect? That depends on how realistic you are. The first and most important thing you must do is acknowledge the statistics. This market and the limited buyers don't care what you paid, what you owe or what you think of the value. The market will dictate value, nothing else. Ask yourself "would I buy this home "as is" right now at this price?" you better answer yes or you'll be there a long time. We're finding that sellers don't want to be "confused by the facts" and prefer to think that they will buck the data. Successfully selling a home in the Alpharetta - Roswell - Marietta area in the current market requires three main factors ACCURATE PRICE - EXTENSIVE EXPOSURE - APPEALING HOME. You have to price it right, it has to be easily found by buyers and agents and it has to show well. We're selling many of our Alpharetta - Roswell - Marietta homes off buyer direct contact - not agents as many "opportunity" agents are leaving the business (thank God!). If you're selling a home in Alpharetta - Roswell - Marietta I'd encourage you to contact us, there's much we can do at no cost to you.

You can read extensive info on the local North Atlanta real estate market, my observations on trends and forecasts, and much much more at WWW.HANKMILLERTEAM.COM and on my site. Make use of the tremendous number of market data sources we have available to you for FREE! Real estate in North Atlanta is what my team and I do full time, all of the time. We educate our clients; we sleep at night knowing that you do as well. Appraising and selling since 1989 has given me the opportunity to help sellers through cycles like this and the myriad of issues and challenges you will face. As for buyers, now is the time to exploit the advantage you have in the North Atlanta, GA real estate market. Whether buying or selling, we'll ensure that you get the best opportunity. Please visit our site, email, or call - I look forward to helping you - WWW.HANKMILLERTEAM.COM