Still Not Sure Now is the Time to Buy?

Feel like you missed out on the tax credits? Check out how current prices and interest rates can get you a better 'deal' without losing out!

Prices are no longer going down - they are working their way back up in an effort to get the market to balance itself out. The news won't report that we have reached the bottom of the market 'cause they won't know we've reached the bottom until we have already passed it! Based on the 2nd quarter stats, the Atlanta market looks to have bottomed out in January of 2009.

If you are on the fence about buying, thinking that you will wait until prices go down further, that time may have passed. As the figure says, trying to time the market is just not possible!

Why Are My Property Values Dropping?

Here is a snapshot of the new Real Valuator, which provides invaluable information regrading all the real estate transactions affecting your own personal real estate market. It is based on homes from $50,000 - 2,500,000 with a 1-mile radius of the subject property.

The properties are color coded to reflect Active Listings (Blue), Pre-Foreclosure (Yellow - at least 90 days late), Foreclosures (Red - Have received a Foreclosure letter) Sales (Green - include For Sale by Owner), Bank Owned (Purple), and Gov't Owned (Orange). There is also a report that accompanies the map which details each colored pin, with the recorded history of the property.

Want to see what's happening around your home - contact me for a free no obligation consultation.

The 2Q10 Metro Atlanta Real Estate Stats are Here!

This is what we call the Bubble Chart. It is the finish line for all properties - either they have failed (withdrawn or expired) or sold, either with or without a price reduction. Sellers want the most money in the shortest amount of time on the market time; buyers are looking for a deal. What we want is a win-win for all parties - here is what that win-win looks like!

How we get there is up to you. Feel free to contact me on how to use these facts & stats to meet your real estate goals or if you would like to be added to my eNewsletter.

Until next time - take care!