Start Your Property Search

Atlanta Real Estate Blog

It's me and you against this market

If you've ever been to Vegas then you understand the concept of "house edge".  Simply put, The house edge is the difference between the true odds and the odds that the casino pays you when you win.

The current Atlanta Real Estate market has what I would call a "market edge".  Simply put, The market edge is the difference between the true market value your home and value the current market pays you when you sell.

A lot of folks selling their Atlanta Homes have a hard time with this concept.  And a lot of folks don't understand that the agent they hire has a huge impact on their odds of success when playing against "market edge".

I can't beat the market.  I can help you maximize your odds of winning out vs. the market edge.  It's me and you against this market.  Those that understand this concept win out over those that don't....

Good Faith

I often talk to my clients and prospects about "good faith".  In simple terms - you have to trust that people will do what they say they're going to do in order for things to work as they should....

Sell Low; Buy Lower

The concept that you can Sell High and Buy Low in a local real estate market is an illusion.

Sure, if you invest nationally (or internationally) then you can apply the concept of Selling High and Buying Low
becuase you spend your time identifying, tracking and hunting those markets that are at their peak when others are in a trough.  This can be a time consuming and expensive process.

If you're like most folks -  a "retai"l buyer or seller - simply looking to upgrade to a larger home, better neighborhood or school district in the neighborhoods of Atlanta then you should know that timing the market to Sell High and Buy Low simply doesn't work.   After all, "a rising tide floats all ships".  Meaning, if you sell your home at a peak of the market then you the house you go to buy will also be at the peak of the market.  And if you're making an upgrade this can be an expensive proposition.


"Are You Trying to Screw Me?"


But...depending on your situation...the market might be.

I just got back from meeting with a potential client who is looking to sell his 1 bedroom 1 bath loft in downtown Atlanta.  Before going to visit with him, I put together a quick market analysis for his building. 

The analysis uncovered the following:

There are currently five 1 bedroom 1 bath units on the market ranging in price from $170,000 to $225,000.  Two units at the lower end of the active value range have been on the market for over 9 months not selling.

In the last 6 months there have been 4 successful sales while 16 properties have gone off the market as unsold. 

This means, for every 1 unit selling there are 4 units going off the market as unsold.

Of the 4 sales, 3 of them were comparable 1 bedroom 1 bath units.  All of which sold at $115,000 under distressed (foreclosure) conditions. 

First Time Buyer Tax Break

$7500 Tax Credit to 1st Time Buyers

You can read all about it here.

And don't forget to check into FAQ #16 while you're there.  This tax credit has to be paid back when you sell the house or 15 years after collection - whichever comes first.

Nothing in life is free....
Blog Navigation

Posts By Category

All Categories Atlanta Foreclosures (48) Atlanta Home Financing (5) Atlanta Short Sales (1) Buying (40) Featured Homes For Sale (7) Intown Atlanta Neighborhoods (12) Intown Daily Foreclosures (14) Intown Daily Homes (30) Investing (49) Kirkwood (1) Main (59) Property Management (3) Recently Sold (1) Renting (1) Schools (1) Selling (31) Stuff To Do (8) User Guide (8)

Posts By Month

Grab Our RSS Feed

Research local schools, including rankings, state report cards and school websites.

Learn more

Gain expert insight into your home's true market value.

Learn more