Posts Tagged ‘Dorsey Alston Realtors’
❓Is the housing market crashing?❓
Common question I receive daily: Is the Atlanta housing market crashing? Should I wait to buy a home to see if housing prices decrease? My thoughts? You may be waiting awhile if you’re waiting for housing prices to decrease. In most other previous economic downturns, home prices continued to appreciate at an even pace. The exception to this of course is the 2008 Recession. The difference there? That recession was largely driven by the housing boom that preceded it + loose lending restrictions. Significant job loss paired with homeowners who had little to no equity in their homes was a recipe for disaster. That is not our current situation. While Atlanta home prices have been rising ...
Real Estate 101: Who’s Who in a Real Estate Transaction
Are you considering buying or selling a home? You might find it valuable to know all the players in the transaction, and who does what throughout the process. Listing Agent The Listing Agent is a real estate professional who typically represents the seller as a client. They list the property in the MLS and perform various marketing duties for the seller determined by their listing agreement. Their goal is to find a buyer for the property. Typically, the listing agent is paid a commission once the property successfully closes. Selling Agent/Buyer's Agent The Selling Agent is a real estate professional who typically represents the buyer as a client. The agent will explain the buying pr...
My clients received one of those “instant offers” on their home—here’s what I learned
The way people buy and sell homes is constantly changing, and in the last year Atlanta has seen tons of new “instant offer” players come into the market. Companies like OpenDoor, OfferPad, Knock, and even Zillow are buying homes. These instant offer websites ask sellers to provide some information about their home and receive their offer within a few days. Sounds painless and too good to be true, right? I was recently able to get firsthand experience with two separate companies and their processes. If you’re considering selling your home to one of these instant offer companies, check out my list below of a few things I learned. 1. Expect a low offer These companies intend to...
What I Learned From Flipping a Home
Throughout my years in Atlanta real estate, I have helped many investors grow their pockets with investment property flips. So last fall with the Atlanta real estate market on FIRE, and my husband and I looking for a new investment adventure, we thought we’d try our hand in a home flip of our own! How We Found Our Home In addition to scouring the MLS for potential properties, I signed up for emails from wholesalers to find off-market deals. The property we ended up purchasing was close to our home (which was important to us to be able to check in on the contractors) and was listed in the MLS. We ended up getting the home for 10% under their ask price. Why We Chose Our Home We c...