Friday, March 8, 2013
It's Getting Better!
~~Replace your hardware---drawer pulls, electrical switch plates, door knobs, faucets. Switch from brass (so 80's!) to nickel or antique bronze.
We are excited to introduce a new feature to our newsletter---a column written by our friend and local Realtor, Christi Trombetti. Christi has been a professional Realtor since 2002, selling homes full time since 2007, and works from the East Cobb office of Atlanta Communities Real Estate Brokerage. She will share with us her thoughts and updates on what is going on in real estate. We will all eventually sell our current home; her tips will help you make smart decisions about what is probably your largest investment, your home.
Where Are All The Good Deals?
By Christi Trombetti
I have been asked that question several times in the past few months. First time buyers, investors, and move up buyers alike are wondering what happened to "all the good deals". As for sale inventory is shrinking, the housing market is becoming more balanced and homes are selling faster and for more money than even a year ago. It appears that the "bottom" has passed. Unfortunately for deal seekers, it's hard to recognize that until we are again on the upswing.
Local statistics show that the foreclosure numbers in Cobb County are down 33.4% this year. I wonder if it's because fewer homeowners are in distress or if the banks are waiting longer to foreclose. I believe that banks are working with homeowners on short sales where possible.
In addition, many homeowners who would consider a move are still underwater on their mortgages and have decided to continue to wait, especially now that the market is showing improvement signs. Whatever the reasons, right now, there are not enough homes to meet the needs of many buyers across all price ranges.
As always, homes that are in the best condition and have been updated over time to today's cosmetic standards will sell the fastest (as long as the price is correct). We will see if the Spring brings enough inventory to meet the buyer needs. All real estate is local, so if you have questions about a specific area, it's best to call me or another full-time Realtor that you trust.
Our Clients Are Telling Us