Market conditions for home buyers in Georgia

Is it still a buyer's market today? As experts in the real estate market, we are often asked this question. The answer is not as simple as yes or no.

Market conditions for home buyers in Georgia.

First, it really depends on the type and location of the property. Affordable single-family homes in a good location. Some areas are highly sought after, while others look like ghost towns.

Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. The market is controlled by sellers with highly desirable characteristics.

But for condos and townhouses — especially those that are a little off the beaten track or have some odd features — it can be a whole different story. Prices have fallen in some areas, but appear to be on the rise as the rental market picks up.

Investment properties are in high demand. The influx of foreign capital into US real estate has affected the Powder Springs market in a unique way.

In general, those who can afford to pay cash for a property have been in the market for good deals. Many sellers try to speculate on prices to see if anyone will bite, but most investors walk away from deals that don't close.

Financing remains a major barrier for buyers. Banks are very strict, require large deposits, and even change the rules at the last minute. It's not uncommon for an approved buyer to cancel the loan right before the deal closes, although that's better than a few years ago. Overall, the market remains incredibly polarized, with plenty of action at both the highs and lows, but the middle is where the most trouble lies.

Does this sound confusing? It is. But we can help. There is still a lot of turmoil in the US economy, and markets are moving rapidly in several directions at once.

We invest in it because we believe in the community and the people here. If you are looking to sell a property nearby, we can help.

We buy properties like yours from people who need a quick sale. Call us anytime at (478)-202-(9006) or fill out the form.

If you want to sell your home fast in Georgia, today is the day!