If seller wait for spring there will be more competition then, as many sellers are of the mindset that spring is the best time to sell.
There is nothing to wait for, but list now. All agents complain that they have no homes to show, scrambling info about pocket listings...
Also, who knows how if these rates are going to last till Spring. These rates have been pushing huge pool of buyers to market.
The only question for the seller to solve is...to find their next home ))
If you need to sell your home please give me a call today.
I can secure a qualified buyer for you!
Isabel Elsesser, Realtor - Full Time
First United Realty
Save Time & Money!
Over 25 Million SOLD
Call your favorite Realtor, and get that home listed.
Best Atlanta Properties
If a seller can't connect with some level of enthusiasm, or some level of relief, to the exciting idea of "where next" and "how soon will this chapter be over" then there might be a motivation problem.
Perhaps Trulia's greatest Georgia Voice has the answer - Hank Miller wrote a solid opinion piece about "waiting on the Spring market." Check the web reference, and here's a highlight:
"Listing inventory has been dropping for a while, significantly in the Atlanta market over the last year. Bank owned (REO) inventory has also dropped, but many say homes are being "held off the market."
Additionally, many cities including Atlanta are experiencing bulk REO purchases. Hedge funds, private investors, REITs and even individuals are buying homes in bulk, both off the MLS, on the courthouse steps and from liquidators directly.
The results include multiple offer situations, over list price sales and homes selling very quickly once listed. Another result is that some data can be skewed as a result.
Bulk purchases in East Point showing 99% sale to list ratios and 5 days on market have nothing to do with a â€œtraditionalâ€ home for sale in Roswell.
This reinforces the importance of segregating the data and comparing apples to apples It also reinforces the need for an experienced and data centric agent that can collect and explain the data."
Examples: older condo, loft and townhouse properties across the metro area...distressed, newer construction (although a lot of these failed attempts have been snapped up)...Intown lofts above $250K...older houses in great neighborhoods with messed up floorplans
Velocity is not the problem - inventory volume is the problem.
I concur Lori - priced properly, now is the time for sellers.