Top 3 Reasons NOW is the Time to Buy a Home in Atlanta
If you have been shopping for an Atlanta home or just thinking about it, you may have heard about the low housing inventory, bidding wars and a real estate market that is on the road to recovery. Still, some potential home buyers are still on the fence and aren’t quite sure if this is the time to buy a home in Atlanta. After reading an article on RISMedia, we thought it might be helpful to share a quick summary.
The top 3 reasons it is the right time to buy a home in Atlanta:
1. Rising Home Prices
Home prices are inching upward at an accelerated rate, especially in the Intown Atlanta neighborhoods. Since price is likely the most significant consideration most people have when buying, this is important. If prices continue to rise, and you buy now, the equity in your home will begin to build immediately. Even buyers who purchased a home in 2012 are making a profit when they sell in 2013.
Even though home values have already started to rise, experts agree that they will continue to increase.
2. Low Mortgage Rates
Yes, interest rates did go up in the last month, but they are still VERY low! And the gurus are projecting that they will go up even more over the next year. NOW is the time to get locked into an interest rate for the next 5 to 30 years.
3. The Re-emergence of New Construction
Atlanta home builders are building again, but not at the rate they were building homes in the mid to late 2000s. Land costs more, materials cost more, labor costs more. New home prices are going up, too. Buying today may be your best option because the cost of new construction isn’t likely to decrease anytime soon.
Regardless of what is happening in the market today, tomorrow, or a year from now, real estate is almost always a good investment for the long term. For those who remember that and make wise financial choices, you will pat yourself on the back in a few years!
If you have questions about the Atlanta real estate market or need assistance finding your dream home, please call anytime. The Nest Atlanta team is always happy to help! Call today at 404-721-3001.
Ian Marshall Realty :: Nest Atlanta Real Estate Group
Call anytime @ 404.432.1844
All information contained in this blog is deemed to be reliable but not guaranteed. If you need real estate assistance, the Nest Atlanta team is always available to assist you with your residential real estate needs!