In metro Atlanta housing market, sellers win - Los Angeles Local News | FOX 11 LA KTTV

In metro Atlanta housing market, sellers win

Posted: Updated:
ATLANTA -

The economy is better than it once was, and metro Atlanta's housing market is also on the rebound.  Local realtors say the upturn in the economy has created another problem, and it's a problem for buyers.

Ken Alfiero and his wife already have plans for a three-bedroom, two-bath home in Decatur, and they haven't even closed on it yet.

"I was going on the internet at least twice a day and was looking at everything that was coming on the market" said Alfiero.

He quickly discovered that metro Atlanta is now a seller's market. Michael O'Brien of Re-Max tells FOX 5 consumer confidence is up, rates are low, and that means there's an inventory shortage.

A few years ago, there were fewer buyers out there, but lots of inventory to be had because of record numbers of foreclosures.  Now, O'Brien says the market has rebounded dramatically.

According to local realtors, home prices are up an average of 10 percent.  It's a seller's market, but buyers still have the advantage of relatively low interest rates.

O'Brien says to make sure you get the home you want, you should be prepared.  He suggests starting the pre-qualification process before you look.  That means finding the right budget and sticking to it.

Once you find the home you want, don't wait.  Or, like the Alfieros, you could see it slip through your hands.  They say that happened to them a couple of times.

If you're a seller, you are in the driver's seat.  O'Brien advises, though, that you get and keep your home in good condition, and price it right.  In this market, he says, you should have no problem selling it.

  • Good Day ArchiveMore>>

  • Hidden Treasures: April 24

    Hidden Treasures: April 24

    Thursday, April 24 2014 9:32 AM EDT2014-04-24 13:32:15 GMT
    We asked you to share your hidden treasures with us, and boy, did you ever! We got dozens of emails from viewers who wanted to know what the items they had stashed away are worth.
    We asked you to share your hidden treasures with us, and boy, did you ever! We got dozens of emails from viewers who wanted to know what the items they had stashed away are worth.
  • Weekend Event Celebrates "Anything With A Motor In It"

    Weekend Event Celebrates "Anything With A Motor In It"

    Thursday, April 24 2014 9:10 AM EDT2014-04-24 13:10:13 GMT
    If you spend your days fixing up cars, reading car magazine, and dreaming about that car you've always wanted...you might be a car enthusiast.
    If you spend your days fixing up cars, reading car magazine, and dreaming about that car you've always wanted...you might be a car enthusiast.
  • Safely restrain pets with the PupSaver

    Safely restrain pets with the PupSaver

    Thursday, April 24 2014 8:07 AM EDT2014-04-24 12:07:29 GMT
    Most people treat their dogs just like their children. However, when it comes to dog safety in the vehicle, many drivers are buckling the children up but not safely restraining their pets.
    Most people treat their dogs just like their children. However, when it comes to dog safety in the vehicle, many drivers are buckling the children up but not safely restraining their pets.
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices