The Atlanta market

This market, what's going to happen in 2022? According to the leaders in real estate metrics, we can expect continued competition for housing and increases in value. In 2021 about 45% of homes sold for above their list price, up from 35% a year ago and up from 21% in 2019. The average home sold for about 100.5% of the list price. Last year in the top markets we saw values shoot up by 20%. In 2022 the forecasted growth is 11.6% in the top 10 markets. Buyers are also competing with investors. Atlanta is the number 1 top market for investors with deep pockets and all cash. But cash isn't always king, some Sellers would prefer to work with a Buyer with a mortgage as this type of buyer can be more predictable.

Tips for buying in this market: Sometimes there is room to negotiate, many times there is not and in this case you will be competing with multiple offers.

• Know the area of interest

• get pre-approved before you search and know your budget you will need a pre-approval letter to submit with all offers.

• Work with a trusted, LOCAL, lender with a proven record of closing ( I have trusted lenders I can refer you to)

• offer quickly and aggressively

• consider offering outside of the norms-put more earnest money down than the standard 1%, shorten your days for the contingency periods due diligence, financing and appraisal contingencies.

• inspect with the right to request repairs

• chose an experienced agent you can trust.