This weekend I showed a lot of homes in Alpharetta, Cumming and Suwanee Ga.
There were a few homes that came on the market last week and my buyers wanted to see them. Three of my buyers requested to see the same home and one wrote an offer on that home. After 1.5 days of showings this is what the card agents left behind looked like: - that is a ton of cards.
Here is a summary of the offers on that home from the listing agent:
- That home received 56 offers
- No one offered the list price or below
- 50% of the offers waived the appraisal contingency
- The home was listed at $469k and 22 of the 56 offers were over $500K
If you are considering buying or selling a home how does this market impact you?
1. Right now there is a pool of buyers that have been waiting for homes to hit the market - very few homes have come on the market in the 2 months so when anything hits the market now it is a feeding frenzy.
2. If you are considering selling your home in Alpharetta, Cumming or Suwanee it is a great time. In a "normal market" there is a six month supply of homes for sale. As you see to the right all 3 North Atlanta Cities are below a one month supply of homes - that means it is a Sellers Market.
So it is a great time to be a Seller - What about Buyers?
It is a great time to buyer a home because interest rates are so low - not as low a 6 months ago but incredibly low. So how do you buy a home in todays market:
1. Get the right mindset - how you think is everything.
2. Find a great agent that will tell you the truth about the market and what to expect. I would love to interview for the job or being your agent.
3. There
4. Talk w/ your agent about your goals and together make sure your offers are as strong as possible while achieving your goals. People are able to buy homes today and it might as well be you if that is your desire.
5. Homes are for sale:
Click here to see Alpharetta Homes for sale
Click here to see Cumming Homes for Sale
Click here to see Suwanee homes for Sale
When you find a home get your agent to show it to you as soon as possible - if you want to make an offer do not wait. Find a good agent and work as a team to get you in your new home.
Call John Foster at 770 722-7010 Proudly serving Alpharetta Cumming and Suwanee as a Full -time Realtor since 2003.