Market Conditions in 30317>Question Details

30317, Both Buyer and Seller in Atlanta, GA

Should we sell in "HOT" KIRKWOOD Atlanta now or wait 4 spring 2008? We want 2 move, but prices seem low now

Asked by 30317, Atlanta, GA Mon Jul 23, 2007

We've lived here for many years & LOVE it, but need to move closer to work. We are ready to move, but fear that maybe we should wait for spring to be able to get a good price for our house. If we did stay until spring, but didn't get much more than we could get now, it would be extremely disappointing as we are ready to move on.

Any ideas/suggestions will be appreciated. Thanks!

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5
Thank you so much for your time & info. It is very much appreciated. We have a million things going on & haven't had a working computer, so we'll need more time reading & responding properly, but I wanted to go ahead & let all of you know that you are appreciated & that we haven't asked for your help & then disappeared. Have a nice weekend! :-)
2 votes Thank Flag Link Fri Jul 27, 2007
My advice would be to go ahead and list your property. I would make sure that the home is in good overall condition and get assistance from a Realtor in basic staging of the home. And most importantly, price your home realistically and competitively. Kirkwood is a great neighborhood and provides a viable alternative to Buyers who cannot afford the pricepoints in nearby City of Decatur and Candler Park/Lake Claire. You appear to have the "luxury" of not being in the position of "having to sell" as so many people do not have, which allows you to wait for the right offer. Kirkwood has seen some decline this past year, but by no means has it been a drastic.....And who knows what the market and interest rates may bring by next Spring! There are many deal-seekers out there right now, but there are also serious buyers very aware of what a good area Kirkwood is for potential appreciation. I have seen this neighborhood change so dramatically the past 5-7 years, and now with the wonderful Kirkwood Station retail development in full swing along with the great changes made to Coan Park I believe that many more people are seeing what a great opportunity Kirkwood is. You have nothing to lose by listing now in my opinion....so Best of Luck!
1 vote Thank Flag Link Tue Jul 1, 2008
Great response, Melissa. I concur with her recommendation not to wait if you're ready to go. Although schools will soon be back in session in most GA counties and the traditional Summer push for families to reposition into their new homes will begin to taper off, there are numerous benefits to listing your home now. In my real estate business, Thanksgiving & Christmas holidays have historically been my second busiest time of the year. Homes show nicer when decorated for the holidays, there is typically less inventory to compete with and the buyers out there looking tend to be serious about finding a home. Besides, it is doubtful that you would experience a significant increase in the amount that you would net by waiting 8 months. Factor your present commute time and gas at $3.00 per gallon and it would likely be a wash.

Best wishes for a successful sale and smooth move into your new home. - Ted Shoop
Web Reference: http://MyGeorgiaHomes.com
1 vote Thank Flag Link Mon Jul 23, 2007
TED SHOOP, Real Estate Pro in Buford, GA
MVP'08
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Hi There,

If you are ready to move now than, I would not recommend waiting until next spring. Most homes come on the market during this time, so you may inadvertently create more competition for yourself by waiting. Additionally, there is a chance that interest rates will rise again, and if this occurs, it may drive the value of your home down and/or deplete the supply of buyers in your market. I feel that listing now or even through the holidays is a good time. My experience has been that listing a home during the holidays will draw in mainly very serious buyers that have a NEED to move, as house shopping is a lot to juggle while preparing for this busy holiday season.

Best of luck to you!
Melissa Mancini, Realtor, CBR, GRI
Web Reference: http://MelissaBMancini.com
1 vote Thank Flag Link Mon Jul 23, 2007
If you are ready to move now, list your house now. I don't expect there will be significant difference in appreciation in the Kirkwood n'hood between now and next spring. The most important thing is to price your house realistically and competatively. And the best way to do this is to obtain the services of a Realtor that knows the area and can help you price your house correctly. The worst thing you could do right now or next spring is to over-price the home and watch it languish and sit on the market for months. If you've been in Kirkwood for a good number of years, it should be easy to sell your house at a reasonable price and make a good profit. Prices in Kirkwood have come down somewhat, but it remains a sought after area that is going to continue being popular due to a number of factors. So price your home right and it will sell in an average number of days on the market.
0 votes Thank Flag Link Wed Jul 25, 2007
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