Is Now A Good Time To Sell? February 26, 2014 by Classic Homes Realty of Atlanta The real estate market all across the country is showing very positive signs of recovery, and Georgia is no exception. The days of finding tons of homes for sale is now a thing of the past. Why? When the real estate market crash began in 2007, what followed was an influx of foreclosure and short sale homes for sale, in addition to the current un-sold inventory that was stagnant. For the next four years that followed, there was an extremely high level of inventory and a very nervous buyer pool. Many potential homebuyers waited until the market bottomed out completely before venturing back into the market. But while regular buyers were sitting on the sidelines and waiting it out, investors and Real Estate Investment Trusts (REITS) were steadily buying up all the inventory – mostly with cash. Homes were going under contract in hours – often sight unseen – as investors where using all resources to know their target market very well. What resulted in this steady purchasing pace of this two-part process of “Buy-Low-Sell-High”, is a very lean inventory in the Greater Atlanta area. These circumstances have now created a wonderful environment for a home owner – who previously could afford to keep their home, and wanted to sell but couldn’t because they were underwater. The homeowners that do find themselves with enough equity to sell, can now expect their home to be under contract relatively quickly and within 95% to 100%+ of their asking price. The days of a non-investor purchasing a move-in ready home for under $60,000 in certain popular areas (Snellville, Grayson, Lawrenceville, Loganville, Lilburn) is almost non existent. Buyers are now seeing prices steadily inching up, which is creating panic purchasers – buyers who are buying before prices go back up to a level where they can no longer afford. This is absolutely the perfect time to sell, with a perfect formula of low inventory + stable/increasing prices. If you’re thinking about selling your home and would like to find out what your home is worth, enter your property address below for an instant Comparative Market Analysis.