Is it the right time to buy and sell in Atlanta?
Seniors toying with the idea of selling a home, downsizing or simply looking to move closer to family found themselves a bit confused with the crazy real estate activity of 2022. While it may have been a great time to sell a home, it was challenging to find another one — especially in the Atlanta area which has been named one of the hottest real estate markets in the country.
So, is 2023 going to be a better year to sell and move into another home? While buyers are returning to the market looking for more reasonable home prices without competing against a dozen other buyers, it really depends on interest rates and, most importantly, homes being priced appropriately.
A recent NBC News article said, “prices will have to be attractive for homebuyers to take on interest rates that remain elevated. Home sellers have already resorted to mortgage buydowns — a type of deal allowing buyers to secure lower rates, at least in the first few years of homeownership — or concessions like new appliances to persuade buyers to sign on the dotted line.”
To navigate this challenging time in real estate, contact a Senior Real Estate Specialist who has the resources available to guide you to a successful and less-stressful transaction. Contact Atlanta Seniors Real Estate to learn more.
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