Thursday, June 29th, 2017

Is This A Good Time To Buy Real Estate in Big Canoe or Other North Georgia Mountain Communities?

We’re all too familiar with the following media sound bites . . . credit crunch, plummeting economy, market meltdown and changes in the financial landscape.

We’re confident, it’s just a matter of time before the real estate market takes an upswing again. Many economists expect the economy will bottom out and start expanding later this year.  In the meantime, you may want to adjust your strategy to deal with today’s challenges.  Here are a few tactics to consider adopting:

  • In the current buyer’s market there’s an opportunity to buy at a lower price. It can be an optimum time to buy since homeowners looking to sell their homes or homesites present a perfect opportunity for buyers.
  • Falling mortgage interest rates are at their lowest levels in decades. Locking in a low rate will save you thousands of dollars on mortgage payments over the course of the loan.
  • When selling, first impressions are everything and are certainly a key calling factor in this market. As you know, home buyers are lured by curb appealing, clean, attractive and well staged houses.
  • Money spent on enhancing desirable features make a favorable impact on buyers and can lead to your receiving a more favorable selling price.
  • In this tough real estate market, it may be beneficial to offer a buyer’s incentive. That may include enticing the buyer with a washer and dryer, a flat screen TV, a one-year home warranty, a buyer’s allowance for painting and/or new carpeting, or even a get-away vacation at a desirable location.  
  • Price the home fairly.  In this slow market with high inventory, and potential buyers delaying home purchases, overpricing can lead to prolonged time on the market by causing the listing to become stale. It is advisable to price the property below comparable property in your area to attract offers. 

We, at Mountain Home Resales, would be happy to assist you with any future real estate needs. Call us at 706-268-6426.

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