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FEATURED LISTINGS IN METRO ATLANTA
Homes for sale in the Metro Atlanta area.
- 1/31 31Coming Soon
$ 624,999
3 Beds3 Baths1,524 SqFt85 Bonnie LN, Sandy Springs, GA 30328
Single Family Home
Listed by Keller Williams North Atlanta
- 1/25 25Coming Soon
$ 350,000
3 Beds2 Baths1,900 SqFt1033 PROSPECT RD SW, Mableton, GA 30126
Single Family Home
Listed by Atlanta Communities Real Estate Brokerage
- 1/27 27New
$ 230,900
3 Beds2.5 Baths1,240 SqFt7240 Crestside DR ##78, Austell, GA 30168
Townhouse
Listed by Prestige Brokers Group, LLC.
- 1/36 36Coming Soon
$ 610,000
4 Beds3 Baths3,218 SqFt2231 Deep Creek DR, Marietta, GA 30068
Single Family Home
Listed by HomeSmart
- 1/27 27New
$ 230,900
3 Beds2.5 Baths1,240 SqFt7236 Crestside DR ##80, Austell, GA 30168
Townhouse
Listed by Prestige Brokers Group, LLC.
- 1/27 27New
$ 230,900
3 Beds2.5 Baths1,240 SqFt7238 Crestside DR ##79, Austell, GA 30168
Townhouse
Listed by Prestige Brokers Group, LLC.
- 1/27 27New
$ 229,900
3 Beds2.5 Baths1,240 SqFt7268 Crestside DR ##64, Austell, GA 30168
Townhouse
Listed by Prestige Brokers Group, LLC.
- 1/27 27New
$ 225,900
3 Beds2.5 Baths1,240 SqFt7272 Crestside DR #62, Austell, GA 30168
Townhouse
Listed by Prestige Brokers Group, LLC.
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BE IN THE KNOW | SOLDBYSHARYSE REAL ESTATE BLOG
Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]
Some Highlights With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget. You can also work with a trusted lender to consider alternative financing options and search for down payment assistance. If you’ve been searching for a home but are concerned about rising costs, make sure you have a team of trusted real estate professionals for expert advice.
Read MoreWhat’s the Difference Between a Home Inspection and an Appraisal?
If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. Here’s the breakdown of each one and why they’re both important when buying a home. Home Inspection Here’s the key difference between an inspection and an appraisal. Bankrate says: “In short, while an appraisal helps you understand a home’s value, inspections help you understand a home’s condition.” The home inspection is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transaction is final. Your real estate agent is a key expert to help you through this part of the process. Home Appraisal The National Association of Realtors (NAR) explains: “A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised! An appraiser will observe the property, analyze the data, and report their findings to their client. For the typical home purchase transaction, the lender usually orders the appraisal to assist in the lender’s decision to provide funds for a mortgage.” When you apply for a mortgage, an unbiased appraisal (which is required by the lender) is the best way to confirm the value of the home based on the sale price. Regardless of what you’re willing to pay for a house, if you’ll be using a mortgage to fund your purchase, the appraisal will help make sure the bank doesn’t loan you more than what the home is worth. This is especially critical in today’s sellers’ market where low inventory is driving an increase in bidding wars, which can push home prices upward. When sellers are in a strong position like this, they tend to believe they can set whatever price they want for their house under the assumption that competing buyers will be willing to pay more. However, the lender will only allow the buyer to borrow based on the value of the home. This is what helps keep home prices in check. If there’s ever any confusion or discrepancy between the appraisal and the sale price, your trusted real estate professional will help you navigate any additional negotiations in the buying process. SBottom Line The inspection and the appraisal are critical steps when buying a home, and you don’t need to manage them by yourself. Work with a real estate professional today so you have the expert guidance you need to navigate the entire homebuying process.
Read MoreThink Twice Before Waiting for Lower Home Prices
As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy. A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at CoreLogic, reports: “U.S. home prices rose by 0.8% in February . . . indicating that prices in most markets have already bottomed out.” And the latest data from Black Knight shows the same shift. The graph below compares home price trends in November to those in February: So, should you keep waiting to buy a home until prices come down? If you factor in what the experts are saying, you probably shouldn’t. The data shows prices are increasing in much of the country, not decreasing. And the latest data from the Home Price Expectation Survey indicates that experts project home prices will rise steadily and return to more normal levels of appreciation after 2023. The best way to understand what home values are doing in your area is to work with a local real estate professional who can give you the latest insights and expert advice.
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