Is It A Good Idea to Sell My House in Atlanta?
Timing is crucial in real estate. Being familiar with the national and local real estate market can help you navigate your home sale more confidently. If you are thinking about selling your house in Atlanta, right now may be the best time to do it. Let’s explore how you can take advantage of Atlanta’s house market trends and use them as an opportunity to sell your home.
Selling Your House During COVID-19
The COVID-19 pandemic affected the plans of many homeowners who intended to sell their homes this past spring. Due to lockdown restrictions, many homeowners in Atlanta had to put their sale on hold. But now that quarantine has been lifted, many homeowners are still unsure if it’s a good idea to sell their house right now.
Although the COVID-19 pandemic has brought unemployment, wage cuts, and uncertainty to Americans all over the country, it has also opened windows of opportunity for house sellers in many states. Regardless of everything that has happened this year, the Atlanta housing market has experienced a smooth recovery.
Analyzing Your Local Market
Using housing market data can give you an insight into property sales and prices in your area.
With a little bit of research, you can find out how many houses are currently selling in your area, and how much competition you have in the market.
“Months of supply” is a term in real estate used to measure the time it takes to sell a house in any given location. It’s calculated by dividing the total number of houses currently for sale over the number of homes sold in the last month. A value with less than 6 months of supply favors sellers. And, a value greater than 6 months favors buyers.
Atlanta’s Housing Market
As mentioned above, in a balanced market, the month of supply should be equal to 6, and buyers and sellers should have to negotiate for the price of a good.
For years, Atlanta has seen a good housing market, with the right balance of buyers and sellers. However, this trend has changed in the last couple of months with the arrival of the COVID-19 pandemic. According to The Atlanta Journal-Constitution (AJC), the coronavirus outbreak has tipped Atlanta’s housing market in favor of the seller.
AJC states that Atlanta’s inventory level in August was 1.8 months. This value suggests that buyers outnumber sellers in the housing market, and therefore it’s better to be a seller than a buyer. This represents a great opportunity for homeowners interested in selling their homes.
Sell Your House for Cash
Despite the negative effects that the COVID-19 pandemic has caused, Atlanta’s housing market indicates that now is a good time to sell your home. Selling your home for cash is an excellent option for home sellers looking for quick and hassle-free solutions.
If you’re thinking of selling your house for cash, just follow these 3 quick and easy steps.
- Call or send your information to a trusted home buyer company based in Atlanta.
- Arrange a free visit for a quick evaluation of the house and receive a fair cash offer.
- Set the closing day and get your cash.
Sell Your House Fast with Bogino Properties
If you have been asking yourself: ”How can I sell my house fast?” Bogino Properties has the solution you are looking for. We are a trusted and experienced homebuyer company based in Atlanta, GA. We offer fast and hassle-free transactions that will make your life easier.
At Bogino Properties, we buy houses in Atlanta regardless of their condition. You won’t have to worry about paying extra fees or doing costly repairs. Besides paying cash, we work with you throughout the entire process. Better yet, you get to choose the closing date. So whether you want to close in a week or a few months, we will work with you depending on your preferences.
We would love to hear from you! Fill out our online form or call us at (678) 773-7268. Once we have your information, one of our home buying experts will contact you to view your home and make a fair cash offer. Contact us.