5 Reasons To Buy Atlanta Real Estate Now

5 Reasons To Buy Atlanta Real Estate Now

Author: R. Ward

The Atlanta Real Estate market, like many around the country, has seen several years of above average home appreciation. Sellers have enjoyed steep profits from selling their homes and using the revenue to upsize, pay off debt, pay for college or enhance their retirement options. Following traditional economic cycles, this trend has now shifted in favor of the buyer. If you have been sitting on the fence, undecided, waiting for the right time to buy a home, now is the time. Here are 5 reasons why.

Inventory – Supply and demand mandates that on a whole, when supplies go up, prices come down. The supply of homes competing for buyers has been on the rise all year. Home sellers have offered more incentives to attract buyers from other homes.

Interest rates – Mortgage interest rates remain at historically low levels allowing buyers to buy more home for less money per month. Undeniably, interest will rise and as they do the size and features you want will begin to be out of reach.

National Economy – Low inflation and unemployment, high consumer confidence, the stock market at all time highs and a national economy that continues to grow provide additional support that we are not in a housing bubble which will burst shortly after you buy a house.

Mortgage Programs – New and thoughtful financing programs have allowed for a greater number of variables to be considered during the loan application process which were unavailable just a few years ago. As the sellers market cools many lenders have begun to scale back certain lending programs. If you plan to buy a home, one of these programs may benefit you. By making the decision to buy a home now, you will have more lending options available to you.

Prices leveling – Real Estate values in Atlanta and around the country have declined for some types housing since the beginning of summer. Inventories of existing homes are beginning to fall and recent statistics from local listing services and the National Association of Realtors indicate that housing prices may have reached their bottom in this cycle. If you are waiting for the best deal on a home, now may be the best time to find it.

Your patience to wait out the increasing home prices has paid off. You now have more homes to choose from and sellers know it. Prices have leveled off or dropped and have begun to level off again. Interest rates are low and the economy is fundamentally strong. You want to buy a new home and now you know the reasons why you should. Now is a great time to be in the market to buy a home. Find a Real Estate agent who knows your market and find your next home.

Ryan Ward of Classic Atlanta Properties is a member of the national, state and local REALTOR associations, and resident of Alpharetta, Georgia who specializes in listing and selling real estate in Sandy Springs, Roswell and Alpharetta. For more information about Ryan Ward and Classic Atlanta Properties visit his website at http://www.ryanwardrealestate.com or call 404.630.3187