Here is our July 12th, 2021 Email Update about Real Estate in Northwest Atlanta! Good news for many investor owners – rents are rising! From the properties we manage we have seen rents rise dramatically. Rents in the city were up 10.9% from May 2020… and they are accelerating like a race car! Rents are up 5.7% in the past three months of the cycle, although this will likely slow down after school starts. What is causing this unprecedented rise? One factor is that the Low Inventory and Higher … [Read more...]
June 8th, 2021 Newsletter
Here is our June 8, 2021 Email Update about Real Estate in Northwest Atlanta May 2021 saw our Investor Purchase Market go dormant as there is nearly no product (for sale) to be purchased! We have one new builder who has delayed 5 months (now due to close in October.) The builder says the silver lining is the same home will be $51,000 more in October… so the buyer is getting a deal. If they can keep waiting. Supplies are hard to find – toilets, concrete, paint, drywall, and windows being … [Read more...]
May 17th, 2021 Newsletter
Here is our May 17th, 2021 Email Update about Real Estate in Northwest Atlanta; In April we had an investor from the West Coast call us and say they had a $400,000 condominium under contract and they were looking to 1031 Exchange into a property here or in Tennessee. I am not an expert in Tennessee, but they were really impressed with what we have to offer here in Northwest Atlanta. The condo was owned free and clear and had been inherited and cash flowed between $741 a month after property … [Read more...]
How to get your Buyer’s Offer Accepted
Currently, we are in a cutthroat sellers market. In our area, we are currently averaging a days on market of under a week. So what can be done to get that offer in and, more importantly, get accepted? If you look around there are a ton of suggestions: Know your must haves, your nice to haves, and what the difference is. Be prepared for a bidding war. Don't let your emotions get the best of you Get an agent to represent you. Use their expertise. Understand your Finances. Be … [Read more...]
What It Means To Be in a Sellers’ Market
If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase. The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply at … [Read more...]
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