Forget about much of a price decrease in home prices in ATL metro. Supply way behind demand plus those with low mortgage rates will likely not sell anytime soon.
Let me explain via example. 3% appreciation on a $300K home is $9,000 per year. That same appreciation on a $600K home is $18,000. Maintenance on the $600K house is slightly higher over 10 years. Add leverage and this formula gets better. I’ve helped make friends and family millionaires with...
That line of thinking has cost a lot of people very nice homes. Much nicer than their apartments. There is nothing crazy about this market. It is simply demand exceeding supply made worse by building material inflation and higher labor costs.
Correct. Prices will trend higher this year at a lower rate, but still up. Working with young couple that decided to sell for $60,000 in higher than expected gain and have a $400,000 cap. They are completely priced out of Forsyth and Cherokee, but may find a nice home in Pauling.
I’m retired from banking career, but have maintained my real estate license for 40 years. I advise friends and family on real estate purchases that will maximize their net worth. Since January 2021, I’ve advised my clients to avoid the resale market and go with new construction. While the...
I’ve had a couple of get your attention meets. Met one guy at night at well lit Kroger gas isle off exit 17 on 400. He wanted to go behind the store to do the trade as he could not get comfortable with other people around. I declined and told him one or both of us would not survive that event...
I love my 3.2 mile 8 minute max drive to work in Macon during the week. My trip back home to South Forsyth for the weekend has taken up to 4 hours to go 107 miles. Unreal. Trip to Macon on Sunday evening takes only 1 hour and 45 minutes!
Totally agree. Post items for sale and include extras only if included in posted price. This will help avoid the appearance of trying to take advantage of people.