As a homeowner, you’d want to know when the best time to sell your home is. Why? Because you want to get top-dollar, of course! Contrary to popular opinion, the Spring and Summer markets are NOT the best time to sell your home in Atlanta. We’ve got news for you, this is a common misconception that is actually one of the factors that is fueling a profitable market right now!
You see, to get top dollar, you need low supply and high demand—this is basic economics. When real estate inventory is low, but tons of people want to purchase a home, you can ask for more money, and voila, you get top-dollar! So the question becomes, when is supply low, but demand high? The short answer—now!
Why You Shouldn’t Wait To Sell Your Home
Let’s first discuss why you shouldn’t wait to sell your home in Atlanta. If a majority of people think that Spring and Summer is the best time to sell, a surplus of houses hit the market during these seasons, making the supply skyrocket. Remember, we’re looking for low supply to fit into our equation for the best time to sell. Although demand might be high April-August, without a low supply, you’ll have a harder time getting top-dollar with fierce competition.
Despite this fact, people still choose to put their homes on the market in these seasons because they assume demand is the highest during this time, but that’s simply NOT the case! Atlanta, and its surrounding counterparts, are among the few places that can be characterized as “transient.” Transient describes an area where people are continually moving in and out all year long, meaning there are always buyers looking to purchase a home. Demand is ALWAYS high! In addition, people who are moving during the Holiday season and into winter are likely SERIOUS buyers. Therefore, you have fewer showings with people who aren’t even pre-qualified, and more with people who are extremely motivated to move. Right now, we are seeing that people are making higher offers even if they haven’t found their “dream home!”
Now Is The Best Time To Sell
In 2021, we saw the highest home prices ever, but prices can’t go up and up forever. Ultimately, we don’t know what 2022 will hold, but today, we have the highest prices on record, so we recommend you go with the market and take advantage of this opportunity before it’s too late! We are seeing a perfect storm, so to speak, brewing in our real estate market. On top of the high demand and low inventory, interest rates are still extremely low. Keep in mind that a rate increase of just 1% will impact the average buyer’s purchasing power by over $40,000! Rents are also very high right now, pushing more people into the real estate market. When rent is low, they tend to wait. We also want to remind you that coming up in 2022, inflation is expected to rise. Increasing inflation traditionally raises interest rates, which reduces the buyer pool that can afford your home.
More Money In Your Pocket
If you’re thinking about selling your home in 2022, you need to act fast to take advantage of this incredible market and get more money in your pocket. We get our clients on average $30,500 more than when they work with another agent. Get your home matched with one of our buyers. We have over 13,600 buyers in our system that are ready to buy a home now. Call us now at 404-301-3303!