The Real Estate Update 

 

May 23, 2024

Popular Questions About Selling Your House in Atlanta Ga

Popular Questions About Selling Your House in Atlanta Ga

By John Foster, Keller Williams Realtor

(Data on the real estate market in Alpharetta Ga, Cumming GA, Milton Ga and Suwanee Ga)




No denying mortgage rates are having a big impact on today’s housing market. And that may leave you with some questions about whether it still makes sense to sell your house and make a move.

Here are three of the top questions I am asked – and the data that helps answer them.

1. Should I Wait To Sell?

If you’re thinking about waiting to sell until after mortgage rates come down, here’s what you need to know. So are a ton of other people.

And while mortgage rates are still forecasted to come down later this year, if you wait for that to happen, you may be dealing with a lot more competition as other buyers and sellers jump back in too. As Bright MLS says:

“Even a modest drop in rates will bring both more buyers and more sellers into the market.”

That means if you wait it out, you’ll have to deal with things like prices rising faster and more multiple-offer scenarios when you buy your next home.

I feel you "marry the house and date the mortgage".  If you find a house you love but it and if rates go down refinance, if they go up you will be happy with the rate you got when your bought your home.  

2. Are Buyers Still Out There?

But that doesn’t mean no one is moving right now. While some people are holding off, there are still plenty of buyers active today. And here’s the data to prove it.

The ShowingTime Showing Index is a measure of how frequently buyers are touring homes. The graph below uses that index to show buyer activity for March (the latest data available) over the past seven years:No Caption Received

You can see demand has dipped some since the "unicorn years" (shown in pink). That’s in response to a lot of market factors, like higher mortgage rates, rising prices, and limited inventory. But, to really understand today’s demand, you have to compare where we are now with the last normal years in the market (2018-2019) – not the abnormal ‘unicorn’ years. 

When you focus on just the blue bars, you can get an idea of how 2024 stacks up. And that gives you a whole new perspective.

Nationally, demand is still high compared to the last normal years in the housing market (2018-2019). And that means there’s still a market for your house to sell.

Locally, here is what I am seeing in the areas of town I specialize in:

In Alpharetta Ga, Cumming Ga, Milton Ga and Suwanee Ga through the end of April the median days on market for a home to go under contract ranges from 4 days to 7 days.  Note some prices points take longer.  Additionally, in April 2024 of median percent of list price for homes that sold was 100% - this tells me there are plenty of buyers wanting to buy in our area.  Here is the median days on market for the past year.

3. Can I Afford To Buy My Next Home?

And if you’re worried about how you’ll afford your next move with today’s rates and prices, consider this: you probably have more equity in your current home than you realize.

Homeowners have gained record amounts of equity over the past few years. And that equity can make a big difference when you buy your next home. You may even have enough to be an all-cash buyer and avoid taking out a mortgage altogether. As Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), says:

“ . . . those who have earned housing equity through home price appreciation are the current winners in today's housing market. One-third of recent home buyers did not finance their home purchase last month—the highest share in a decade. For these buyers, interest rates may be less influential in their purchase decisions.”

Bottom Line

If you’ve had these three questions on your mind and they’ve been holding you back from selling, hopefully, it helps to have this information now. A recent survey from Realtor.com shows more than 85% of potential sellers have been considering selling for over a year. That means there are a number of sellers like you who are on the fence.

But that same survey also talked to sellers who recently decided to take the plunge and list. And 79% of those recent sellers wish they’d sold sooner.

If you want to talk more about any of these questions or need more information, let’s connect. Call, text or email me (Realtor John Foster) at 770 722-7010 or John.Foster@kw.com.  

Download My FREE Things to Consider when Selling your home to contact me and I will email you a PDF of the booklet.  It contains the 2 Must-Dos when Selling your Atlanta Home in this Market.

 

If you are considering selling your home in the North Atlanta towns of Alpharetta, Buford, Cumming, Johns Creek, Milton, Sugar Hill or Suwanee - I would love to interview for the job of being your Realtor.  Here is what some of my recent Client's have posted about my work and about me.

If you want to get to know Realtor John Foster a little better, click on the following link:

Meet John Foster, Keller Williams Realtor - Click Here

See John Foster, Real Estate Agent's YouTube Channel - Click Here

 

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May 10, 2024

The Sun Is Shining on Sellers This Summer

The Sun Is Shining on Sellers This Summer

As we go through life our housing needs change.  If your needs have changed, now’s a great time to sell and get the features you want most. Many buyers are eager to move between the school years, so you may see a faster sale, multiple offers, a higher final sales price, and more. If you want to get your house ready for a summer listing, let’s connect.  It is still a Sellers Market in Atlanta Ga.

Bottom Line

Ready for a change? If you move-up now, you can unlock benefits like eager buyers, top-dollar sales, and high home equity. With summer fast approaching, let’s work together to get your house ready. #justlisted #realestatetips #keepingcurrentmatters #cummingrealestateagent #ldsagentinGa #alpharettarealestate #suwaneerealestate #bufordrealestate

#johnfosterrealestateagent #johnfosterrealtor #bestlistingagent

 

 

 

April 19, 2024

Myths About the Housing Market

Myths about the 2024 Housing Market

When it comes to the current housing market, there’s a lot of misinformation out there right now.  And you may be confused about what’s fact and what’s fiction.  

That’s why I’m busting some of the biggest myths and misconceptions in real estate today. Swipe to see. 

#realestateadvice #housingmarketupdate #keepingcurrentmatters #cumminghomesforsale  #cummingrealtor #cummingrealestateadvice #Alpharetttarealestatehelp #alphrettahomesforsale 

Myths About the 2024 Housing Market.  This short video discusses 3 myths about our housing market and John Foster, Realtor with Keller Williams discusses each of them.

 

4 Tips for Selling Your Home in Atlanta this Spring by Realtor John Foster

If you are considering selling your home in the Atlanta area - your goal might be to get the most money, in the least amount of time with the least amount of hassle. Here are 4 tips to Selling Your home this spring. If you live in North Atlanta - contact John Foster for additional tips and recommendations. John Foster is "Atlanta's Best Listing Agent". When John Foster is your Realtor he will help you: 1. Sell your home within a specific timeframe 2. Help Price your home competitively 3. Market your home to potential buyers 4. Offer suggestions and resources to fix up or prepare your home to sell it. 5. Find a Buyer for your home. 6. Help with negotiations and dealing with the buyer 7. Assist all the way through closing John Foster is a full time realtor and has been since 2003 - you will love working with him. John Foster uses a home selling system, called 72Sold, to accomplish these 3 goals. It if a different way of selling compared to the traditional way - contact John and ask about his 72Sold method of selling homes. Call or text him today at 770 722-7010 or email him at JohnSellsAtlanta@outlook.com

April 13, 2024

This Spring Is the Sweet Spot for Selling Your House

This Spring Is the Sweet

Spot for Selling Your House

By Realtor John Foster, Serving North Atlanta as a full time Realtor since 2003

Are you considering Selling your home or Buying a home? That is a big decision. Make sure you get Atlanta's Best Home Guides. Download your FREE guide here!

If you are interviewing agents to help you buy or sell in North Atlanta - Meet John Foster click https://www.greatatlantahomes.com/Meet-john-foster/

John Foster, top Real Estate Agent specializing in listing homes in Alpharetta, Cumming, Milton & Suwanee Ga. John is a Realtor with 20+ years experience and he shares his advice on selling homes freely.

John Foster’ s Home Search Website at www.GreatAtlantaHomes.com.

John Foster’s Blog www.GreatAtlantaHomes.com/blog

If you want advice on what should be done to put your home on the market contact John today. If you want to buy a home in Alpharetta Ga, John Foster has been selling homes as a full time Realtor in Alpharetta Ga for over 20 years. Are you considering buying a home in Cumming Ga? John Foster has lived in Cumming Ga since 1994 and is a full time real estate agent and knows the North Atlanta Market. Call John Foster today.

If you are considering selling your home in the Atlanta area - your goal might be to get the most money, in the least amount of time with the least amount of hassle. John Foster uses a home selling system, called 72Sold, to accomplish these 3 goals. It if a different way of selling compared to the traditional way - contact John and ask about his 72Sold method of selling homes. Call or text him today at 770 722-7010 or email him at JohnSellsAtlanta@outlook.com

 

#bestatlantareatlor #alpharettarealestate #cummingrealestate #miltonrealestate #Suwaneerealestate #atlantahomesforsale

 

April 6, 2024

Three Things Realtors Never do when selling their own homes.

Click here for video

As real estate agents, here are 3 things we would never do when selling our own homes. 

Want more pro tips? Reach out to schedule a free home seller consultation.

📲 770 -722-7010

📧 John.Foster@kw.com

Get your FREE Sellers Guide at https://www.greatatlantahomes.com/selling/ #realestate #realestateagent #realestatetips #homesellertips #protips #atlantahomesforsale #cumminggahomesforsale #suwaneehomesforsale #miltonhomesforsale #cumminggarealestateagent #Alpharettarealestate

#bestcummingrealtor #bestalpharettarealtor #bestsuwaneerealtor #bestmiltonrealtor

 

 

#realestate #realestateagent #realestatetips #homesellertips #protips

 

April 5, 2024

Top 5 Reasons To Hire an Agent When Buying a Home

Top 5 Reasons To Hire an Agent When Buying a Home 



a poster of a company's process

Some Highlights

  • Hiring an agent like John Foster when buying a home helps you understand the buying process and the local market.  
  • Realtor John Foster will also go over contracts and fine print with you, so you understand what you're agreeing to. Plus, John is really good at negotiating, making sure you get the best deal.
  • Expert advice from your trusted real estate professional John Foster is priceless. Let’s connect today.
  • John Foster wants you to consider him to be the best Realtor in Cumming Ga after you buy or sell a home using him as your realtor- call him today at 770 722-7010.

 

 

 

 

 

 

#JohnFosterbestrealtorinCummingGa #johnfosterbestrealtorinAlpharettaGa  #johnfosterbestrealtorinSuwaneeGa

#johnfostercoalmountainstake #johnfosterroswellstake

March 26, 2024

The Latest Housing Trends - Cumming Ga Homes for Sale

The Latest National Housing Trends

With the number of new listings going up and average days on market going down, buyers may have more options, but will still want to move fast.

Cumming Ga Update:

Cumming Ga remains a strong sellers market - the months supply of homes is the first stat I look at and it sits at a 1.7 month supply of homes - which is well below what I consider a neutral market (around a 6 months supply)

 

The Good news is the amount of homes for sale continues to grow and as that happens Sellers are feeling more comfortable listing their homes because they feel they have a choice as to where they live.  

Search Cumming Ga's Newest Listings of Homes for Sale Here:

Click Here to See Cumming's Newest Listings

If you are considering buying or selling your home in Cumming Ga - contact experienced Realtor John Foster with Keller Williams  at 770 722-7010.

 

#CummingHomesforsale #cummingrealestate #bestcummingrealtor #bestrealestateagentincummingga #ldsrealtorincummingga #kellerwilliams

 

March 22, 2024

Staying ahead of the crooks: How to spot and avoid spoofed websites.

Information obtain from Charles Schwab Website.

 

Always be careful when wiring money!!  I can not say that enough.  

 

March 22, 2024

3 Helpful Tips for First-Time Homebuyers

3 Helpful Tips for First-Time Homebuyers (Plus a bonus 4th Tip)

a man sitting at a desk using a laptop

Some Highlights

March 8, 2024

The Spring Buyer and Sellers Guides are Now Available

Spring Buyer and Seller Guides!

Spring Buyer and Seller Guides are here. Get the latest copies today.

Click Here for FREE Home Buyers Guide

Click here for FREE Home Sellers Guide

The Spring Market Is a Sweet Spot

if You’re Looking To Sell




a screenshot of a phone

Some Highlights

 

  • Wondering if now’s a good time to sell your house? Based on how many homes are on the market, there are two big reasons why this spring is looking so good for sellers.
  • Thanks to an uptick in inventory over last year, you’ve got more options for your next home. But there are still fewer homes for sale than there’d normally be, meaning your house should stand out and get a lot of attention from buyers.
  • If you want to sell your house, this spring is the sweet spot. When you’re ready, let’s chat to get the ball rolling.

 

Let us connect - contact John Foster, Keller Williams Realtor at 770 722-7010 or John.Foster@kw.com

 

#homebuyerguide #homesellerguide #sellingmyalpharettahome #alpharettahomesforsale #cumminghomesforsale #Suwaneehomesforsale #miltonhomesforsale