This was an interesting week in our Atlanta real estate market. We had several Atlanta listings for sale for quite some time, they were priced right to begin with, staged and prepped for sale, but in this market they just sat on the market. As they sat, other listings, and more foreclosures came on the market and made it even more difficult to sell. But this week we've managed to get 3 of our Atlanta homes under contract, and the battle is not over yet until we can close them. This is in stark contrast to the Atlanta real estate market that spoiled all of us just last year. This year it's different, but homes are still selling. Homes have to show well, be priced to sell, have the new paint, carpets cleaned. When an a offer comes in the sellers do not have many options...there is just too much competition to get cocky. Selling a home in Atlanta these days means that the seller may have to contribute to the buyer's closing cost, provide a home warranty, and throw in a termite retreatment repair bond to sweeten the deal. If it is a Nehemiah deal, the seller may also be asked to give the purchasers a 3% down payment to get the deal closed. Some of these listings have been on the market with other agents for over a year before we took the listing. Another listing was no the market with us over 11 months, but they are under contract...because the sellers we realistic and willing to listen to all our advice and strategies. This is a difficult real estate market, but you cannot throw up your hands and surrender to it! Homes do sell, if you have a strategy and the perserverance needed for to effect a sale. All you need is a professional with experience to guide you.
James Crawford ABR, Broker Associate
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