In metro Atlanta housing market, sellers win - Los Angeles 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>>

  • Good Day Atlanta

    Recipes: A healthy take on Southern favorites

    Recipes: A healthy take on Southern favorites

    Tuesday, September 16 2014 12:39 PM EDT2014-09-16 16:39:34 GMT
    We challenged chef Curtis Aikens to lighten up two Southern classics, starting with sweet potato pie.Which usually involves a couple of sticks of butter, loads of sugar and buttermilk.
    We challenged chef Curtis Aikens to lighten up two Southern classics, starting with sweet potato pie.Which usually involves a couple of sticks of butter, loads of sugar and buttermilk.
  • FOX Comedies Return To Tuesday Night

    FOX Comedies Return To Tuesday Night

    Tuesday, September 16 2014 9:36 AM EDT2014-09-16 13:36:32 GMT
     Two of the hottest comedies on FOX return Tuesday night, so get ready for some new laughs with old friends!   First up, "New Girl" is
    Two of the hottest comedies on FOX return Tuesday night, so get ready for some new laughs with old friends! First up, "New Girl" is back for a fourth season, and cast members say expect a bit of a "reboot" of the series. What does that mean? Star H
  • Get Ready To "Rock" At Johns Creek Music School

    Get Ready To "Rock" At Johns Creek Music School

    Tuesday, September 16 2014 9:01 AM EDT2014-09-16 13:01:43 GMT
    It's a unique music school where kids jam out to The Beatles and Green Day, and learning to play an instrument also means learning to play with others.
     It's a unique music school where kids jam out to The Beatles and Green Day, and learning to play an instrument also means learning to play with others. There are nearly 150 School of Rock locations around the world, and now there's one in Johns Creek.
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 | New Terms of Service What's new | Ad Choices