We love helping all our clients make their real estate dreams come true! Wishing everyone a wonderful holiday season with family and friends.
With the rush of the holidays fast approaching, it may seem like now is not the best time to purchase a home. But that’s what makes it the ideal time to buy. While other buyers temporarily drop out of the market, sellers still have to sell their homes, which puts you in an advantageous position to negotiate.
If you’re willing to use the time that others are spending decorating, baking and entertaining, you’ll have plenty of room in your schedule to look for and compare homes on the market.
You may find that homes for sale are slightly lower in price than they were in the summer at the height of the buying season. It may already be cooler weather where you live, making it harder for sellers to keep their homes and lawns pristine. Again, you’re in a better position to negotiate.
For new homes that come on the market, you’ll be first in line to see them without having to compete with many other buyers. These sellers are motivated, perhaps due to being transferred, or some other urgent reason.
Mortgage interest rates are near all-time lows. As the National Association of REALTORS® points out, mortgages 35 years ago were four times as expensive as they are now, and mortgage money is the cheapest money you’ll ever borrow. With fewer homes to close, your lender should be able to expedite your loan so you can move in quickly.
Tell your friends and family what you’re planning … next year, you can have everyone at your home for the holidays.
Let’s have a conversation. My 30 years plus of experience will help you make the best business decision. Call or Email Cathi at The Lund Group …
The holiday season is now in full swing, and most people think there isn’t much going on in the real estate world. However, this December, as in Decembers past, we at the Lund Group have been quite busy helping buyers and sellers. We put 6 properties under contract in November and most of them will be closing in December.
We will also be working with sellers this month to get their homes on the market sooner, rather than later. Homes show beautifully when decorated for Christmas. Although there are not as many buyers looking at this time, those who are out looking at homes tend to be very serious about making a purchase. As a seller, you would have fewer showings, yet those who are looking at homes, instead of Christmas shopping, will be serious buyers!
In addition, many families relocating from another area will be making the move while children are out of school at the mid-year break. After the holidays, there will be considerably more competition since many people wait and list their homes after the first of the year.
Right now, inventory remains extremely low, and interest rates are beginning to climb. If you are thinking of selling your home, you will have the best chance to get the highest price right now.
That is why as we roll into 2016, we are encouraging our sellers to go on the market as soon as they can.
Wishing you and yours a wonderful holiday season!
On the Fourth of July, the United States will celebrate the adoption of the Declaration of Independence on July 4, 1776. All over the country, more than 14,000 fireworks displays will spectacularly demonstrate how we feel!
In Roswell, you can join the party at Sweet Apple Elementary School, 12025 Etris Road. The fun begins at 5:30 with giant inflatables, carnival games, food trucks, face painting and other fun activities. At 6:00 pm, the music begins … first Last Call Band, then at 7:30, Banks and Shane. Free admission.
Fireworks at dark!
We at The Lund Group wish for all our readers a fun, relaxing and safe holiday this coming Saturday!
It’s that time of the year in our real estate business when we like to look both back and ahead.
Realtor.com Chief Economist Jonathan Smoke named Atlanta, GA as one of the United States’ favorite cities for household growth and home sales growth! According to Smoke, We should see a 7% growth in total households over the next five years.
Greater than two thirds of this household growth in the next five years will come from “Millennials” … those folks born between 1981 and 2000. They’re starting families and just getting into the house buying mode. Affordable areas in the South will be prime targets for their purchases. Whoa, that’s us!
Compared to other markets Atlanta is affordable. Our First Multiple Listing Service reports that the Residential Attached Average Sales Price year to date through November was $194,317. This is an increase of 12% over the same time period last year but still a bargain in comparison to other cities.
Realtor.com further predicts that fixed mortgage rates will rise next year, up to 5%. Credit is often the name of the game, especially with these younger homebuyers. These are two factors that can continue to cause difficulties.
In October, I wrote about the demand for new construction. Sure enough, in 2015 more builders will start new homes, but there might be shortages of building materials and labor. We’ll be seeing fewer foreclosures and short sales.
And finally, right now there are also more sales associates entering the real estate field, making the choice of an experienced professional that much more important!
In 2015 put my experience to work for you! As always, I pledge the highest level of service.
Happy New Year, everyone!
As I reflect back on this past year … it started off strong. We immersed ourselves in the business and became fully engaged. We traveled to Vancouver for a meeting with our business coach in January and came back with a clear vision for the upcoming year. We are strong believers in goals and visions. This year we set goals for many opportunities to help our past clients and family, plus goals of achieving great balance in all areas of our lives. With grateful hearts we were able to surpass most of our goals for the year.
We believe that you get what you focus on!
To my readers… May you and your families be blessed with happiness, good health and richness in all that matters most to you!
The fall leaves will be gone soon and the holidays will be upon us! Many people think this is not a good time of the year to be selling, however, that is not the case!
There is always less competition at this time of the year when most people decide to wait until after the holidays. Our inventory is extremely low right now, with only 2 to 3 months of inventory in many price points. The laws of supply and demand dictate that low inventory causes higher prices! You have the best chance of getting your highest price when the inventory is low, like it is now.
During the holidays, there will be fewer buyers out there looking to purchase; however, those who are looking are typically very serious buyers.
Homes show beautifully with the holiday decorations up and the scents of Christmas in the air.
Most importantly, many of the corporate relocations take place on January 1, so those transferees need to find homes now. It is a great time for local moves since the children are out of school and families can transition easily.
Most sellers are thinking they will wait until “after the holidays”. The results … more competition after the first of the year … and more competition means lower prices.
Interest rates remain at historic lows…they can’t stay there forever! The criteria for mortgage lending is going to have some new rules, making it a little more difficult for buyers to obtain loans…come Jan 1.
If you are thinking of a move in the next few months, I would highly recommend that you do it now! You will love the results!
Let’s have a conversation! Email Cathi or call our office at 770-993-9572.
We are focusing on real estate every day, so it is no wonder that we are curious about the “homes” which are featured in so many of our holiday classics. We found this link and thought you might enjoy seeing it.
As the holidays are just about upon us … take time to relax with friends and loved ones and enjoy some of your favorite holiday movies.