Are you a first time buyer?
Are you moving up?
Do you lack confidence in your current investment holdings?
Do you long for a second property outside of Intown Atlanta or Decatur? Maybe a property with a lake, a mountain or a beach setting?
Do you have some cash holdings reserved for a 5-20% downpayment on a mortgage?
Do you have a 620 credit score or better, and do you have the income qualifications to successfully apply for HUD-backed, FHA, VA and other governmental, quasi-governmental and locally funded grant and loan programs?
In the next twenty years, get used to most of that going away…but until then, get it while the getting is good…
The mainstream media, in the wake of a raging three plus years of residential real estate malaise and torpor, in the slog of government intervention or lack of it, in the face of continuing strategic defaults and ongoing “quantitative easing,” is beginning a recent positive spin cycle on how buyers should seize incredible market opportunity right now.
If you sit on the sidelines and watch, then don’t do so while just absorbing what the mainstream media feeds you from a national or even regional level.
As an example, I can name 5 zip codes in Georgia that saw median price increases last year…
I believe that the mainstream media misses the dynamics of hyper-local markets. I believe that the mainstream media misses the neighborhood aspect, far too often.
I can attest that sellers in Intown Atlanta and Decatur fail to sell about 62% OF THE TIME. I can attest that the sellers who sell quickly, usually do so in about 22 days from their original list date, and will usually sell for about 96.5% of their listed price. I can attest that these sellers only represent about 12% of the market.
If you think that now is your time to buy, then one of the most important things that you can do is to get to know your neighborhood. Click on this link for a handy checklist to help you do just that.
One other little helpful thing…
My real estate brokerage since 1999, Keller Williams Realty, just published a solid little ebook called “7 Reasons Why Now Is a Great Time to Buy a Home!”
For a free copy of this ebook, contact me and I’ll send it your way.
If you are on a journey toward home ownership for the first time ever this year, or if you have other real estate investing and moving about in mind, then please contact me if I can help you with the next steps.