Now that you’ve bought your home and it is your canvas —and you’re the artist that’ll mold it into your unique piece of paradise. You may have big dreams for that new home but cool your jets. This is a time for careful consideration, not for hastily scribbled modern design notes on cocktail napkins. Although there are certainly changes you can make that will update or upgrade your new home, there are others that can potentially devastate its value. This is no small thing. If … [Read more...]
Mike Stott’s 2018 Atlanta Real Estate Predictions
2017 Saw the number of Sales rise 4% over 2016 and a price increase of 4% Mortgage Rates will rise to somewhere right around 5% ($290,000 versus $277,000). I predict that 2018 will see prices rise another 3% and the number of sales up very slightly. 1% to 2%. Mortgage Rates will rise to somewhere right around 5% - still historically very affordable money! Don’t worry about this affecting your sales until the rates rise above 6%. I predict it will still be more expensive to rent than own in … [Read more...]
A Tale of Two Markets: Lies, Damn Lies and Statistics 30075 & 30066
We sell and manage a lot of real estate in Northwest Atlanta. The press has been all about the great market we are in. The Sellers Market. Multiple Offers! Offers Over List Price! Our market is strong and it is a seller's market - at certain price points! Let's take two market's and look deeper into the statistics. Roswell, GA 30075 had 63 Active listings, 21 Home's under contract, and 20 Sales in the past 30 days. A 3.05 month supply of homes indicates a slight seller's market. Median … [Read more...]
10 Ways to Get Your Atlanta Rental Property Ready for Winter
Atlanta has fairly mild winter weather but we do experience freezing temperatures and do see damage each year. We send out a version of these tips to all the tenants in properties we manage! Here’s our list of the top things to do to get your rental properties ready for winter! 1. Leave the Heat On. Remind your tenants to maintain a minimum temperature of 55 degrees Fahrenheit when they go on vacation. This will prevent the pipes from freezing and bursting due to the colder … [Read more...]
12 Reasons to List During Fall & Winter Months
Why Acting NOW Could BENEFIT You… NOW! 1. Inventory of Competition is Lower. Law of Supply and Demand works! Your home stands out with serious buyers who have less to choose from now. Your odds of selling go UP during this time of year. The % of total inventory sold is great during these months. 2. Only SERIOUS Buyers are out in the fall/winter. Fewer people are in the house, yet are more likely to make an offer. 3. Taking Exterior Photos with Holiday Decorations. This can be a … [Read more...]
