It is time to buy now!
Are you sitting on the fence for the wrong reasons?
If you currently do not own a home and were holding off buying an Atlanta home because prices were out of your range, then you should take advantage of the declining market. In a Buyer’s market you have an opportunity to buy “right”.
Delaying the purchase of an Altanta home in the hopes that the market will continue downward could be a mistake. Don’t be sitting on the sidelines in the hope that it will continue on the downward spiral – it might not.
Read Also: Atlanta Stats and Facts
Now is not only for first time buyer!
By the same token, if you do own your Atlanta home, and were thinking of moving up, it is also a good time to check the market out. There are more factors for you to consider than the first-time buyer, but these factors are not all negative.
· Equity – the more equity you have in your home the better the argument to putting it to work in a new home.
· Price Differential – Even though your chances of getting top dollar in a Buyer’s market might be an unattainable challenge, remember that when you go to buy, you won’t be paying top dollar either. Do the math, you might like the results. For instance a lower priced home will likely get closer to market value than a more expensive home. For figuring purposes, say a $100,000 home ends up selling for $85,000. But a $200,000 home ends up selling for $175,000. If you’re the person selling the first home and buying the second, you have netted $10,000 between the two transactions.
· Investment Property. This is the time to investigate Atlanta rental property. There are many Atlanta investors who have spread themselves too thin and are interested in divesting themselves of some of their Atlanta property. Read Also: So you want to be an investor
· Vacation or Retirement Homes. If you are in a position to take advantage of purchasing a vacation home, now is the time. If you had thought of retiring to a location that has been severely impacted you have an opportunity at hand that might now be available in the future.
Read Also: What everyone needs to know about the housing bubble
In any event, if you have considered buying an Atlanta home, now is the time. Don’t sit on the sidelines and then in the future say “I should’ve”.
Are you sitting on the fence for the wrong reasons?
