Atlanta Real Estate: 14 to 1
Posted Oct 3, 2008 @ 10:49 am, Viewed by 618 Visitors, Read 627 Times.The Brutal Truth About Atlanta Real Estate
Here's the brutal truth about the real estate market in the Metro Atlanta area: There are fourteen (14) homes for sale for every one (1) motivated, qualified buyer.
That means that you are directly competing with 14 homes for your buyer.
So what should you do to make sure that your home is the one in eleven that will sell this month? Everything you can.
For our listings, we're pushing our way up the technology ladder best we know how. We're pushing online classified advertising, full color - high gloss brochures, Open Houses, call capture talking ads, professional photography and aggressive, daily telephone marketing to top agents and our database of buyers.
It goes without saying that the homes are priced right, in perfect repair and staged to encourage buyers to move themselves in mentally will be the ones that sell. Ideally, you want a pre-list inspection report (before going on the market), documented repairs (so buyers can be confident in their choices), and an appraisal to demonstrate that the price is fair -- and that an offer will make it through loan underwriting.
Not everyone can do all this work, I know. Truth is, only 1 of every 14 will.
It's You and Me Against This Market...
Selling a home is a simple process. Simple, but not easy.
We need to stay up on the current market and price it to get interest from buyers away from other competing homes.
We need to stage it so buyers get the maximum emotional impact when they walk through the front door. This is important because buyers buy not for analytical reasons, but because of how they feel in the home.
We need to get qualified buyers through the front door.
Joshua Keen
Real Estate Consultant
For great information on the Atlanta real estate market and for incredible deal in Atlanta Foreclosures, visit RealSourceBrokers.com.
2 Responses to Atlanta Real Estate: 14 to 1
Wow, 14 to 1 is a tough ratio. Hang in there Josh! Hawaii has been holding up pretty well but September was not good... I hope the credit markets get going again soon.
Mike
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I am a Real Estate Consultant with RealSource Brokers specializing in the Intown Atlanta real estate marketplace. I own and operate the Atlanta Real Estate website, RealSourceBrokers.com
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Josh - Yikes...really cool post though....especially how you came up with the ratio. How did you define "qualified and motivated"? I have the "qualified" piece but not everyone qualified is motivated...thought you may have done some cool number crunching. Thanks for the post. Not that bad up here in "close in" DC metro area...yet
- Kevin