Selling a house requires plenty of preparation and research about the local real estate market. You need to find out several things, including the average time it takes to sell a home.
To get you on the right track, here’s everything you need to know about selling your Atlanta property.
Understanding the Atlanta, GA real estate market
If you’re wondering how long it takes to sell a house in Atlanta, the first thing to look at is the local market conditions.
According to the Atlanta Business Chronicle, home prices are expected to grow around 6.7% in 2021. This is higher than the projected national increase of 5.7%. The Atlanta Agent Magazine also notes that this price increase is brought about by the high demand for homes, multiple offers, and the low housing inventory.
Speaking of inventory, Atlanta continues to have a low supply of homes on the market. Based on the January 2021 Atlanta REALTORS Market Brief, the Atlanta area housing inventory decreased by 48.5% from January of the previous year.
With the city’s strong economy, job growth, high urban walk score, and thriving neighborhoods, it’s no wonder Atlanta real estate is in demand. It wouldn’t be a surprise if these factors contributed to the population boom Atlanta experienced last year, where over 730,000 new residents relocated to the city. As such, Atlanta continues to be one of the fastest-growing cities in the nation.
The time it takes to sell a home differs and is influenced by hyperlocal factors. But to give you a general perspective, here’s what we know. According to Realtor.com, the average time it takes to sell a home in Georgia is around 92 days. In Atlanta, homes typically sell after 71 days, from listing to closing.
The importance of pricing
One of the most common questions we get asked by clients is, “How do I sell my house fast for market value?” Pricing is a huge factor. Homes that are priced well attract buyers easily and may even sell for a higher price.
The key to assigning the right price is finding the balance between your home’s value and a price that attracts buyers. To arrive at this price, consider your home’s location, size, age, condition. You can also compare your home to similar properties in your neighborhood by requesting a comparative market analysis.
Top tips to sell your house fast
While there are aspects of the selling process that are out of your hands, such as the location, market conditions, and the price range in your area, there are also some factors that you can control. Keep these tips in mind for a successful home selling experience:
Clean and declutter
It’s no secret that a messy house takes longer to sell. A good, deep-clean will make all the difference. By maximizing both the space and the layout, potential buyers can easily visualize themselves living in your house without any clutter getting in the way.
Improve the curb appeal
First impressions are everything. Your home’s curb appeal, from the exterior walls to the landscaping, can tell buyers what to expect once they step through the front door. Make the entrance welcoming, trim the trees and flowers, and add better outdoor lighting to make your home unforgettable from the get-go.
Stage your home
Aside from cleaning and decluttering, staging your home is an essential aspect of selling your home fast and for top dollar. It highlights your home’s best features and assets. In home staging, focus on key areas like the master’s bedroom and the kitchen. These areas influence a potential buyer’s decision the most.
Hire a professional real estate photographer
High-quality real estate photos help your home stand out from the never-ending sea of online listings. It also convinces potential buyers to come and visit the property in person. Work with a professional real estate photographer. They know the right angles and lighting to use to make your home look even better.
Find the right real estate agent
Having a real estate agent by your side is key to a successful home sale, so choose wisely. Look for one with excellent negotiation skills, a deep understanding of the local market conditions, and a proven track record. Start your search by asking for referrals from trusted family and friends who have recently sold their homes.
Ready to sell your home in Atlanta, GA? The Page Morgan Team is more than happy to help you navigate the home selling process. Call 770.579.5650, email Distro(at)PageMorgan(dotted)com
, or reach out to us here.