Atlanta Real Estate Podcast with Melida Potts of Potts Realty Melida Potts

How does the internet help you price your home? Find out today. I’m often asked by clients how the internet can help them price their home. This also begs the question of what a good pricing strategy looks like. The internet today has all of the information you could possibly want. In fact, you might say there’s an overabundance of information. What’s the trick to sorting through all of it to find the right information you need? Well, you could check tax records, which will tell you that your home could be priced within a certain range. However, I’ve seen homes priced in that range that didn’t sell. I’ve seen homes priced higher than that range that have sold. I’ve also seen homes that were priced under that range and have yet to sell. The trick is to find the most relevant information to your case. "If you’re simply curious about your home’s value, basic online information works fine." So what conclusions can be drawn from the information? In the end, if you’re simply curious about your home’s value, basic online information works fine. But if you’re seriously looking to sell your home and want to know it's worth, reach out to me. I’d be glad to give you an accurate measure of your home’s value so that we can price it to sell quickly and for the most money possible. I hope to hear from you soon! I would love to tell you that it’s easy to establish the price of your own home. But the reality is that you can’t—not because you’re not smart enough, but because there is so much information to sort through on your own.

If you’re thinking about buying a brand-new home, I’ve got some great advice for you today. Here’s what you need to know about your options. If you’re debating whether or not you should buy a new construction home, I’ve got some advice to share with you today about the two options you’ll have to decide between. One option is to buy your own land and hire your own builder to build the house you really want. You’ll end up with exactly what you want, but there are some things you should be cautious about. For example, the things you want now may not be the things you want in five years, and you’ll be stuck with them. Also, building a fully custom home can affect your resale value because the more unique a home is, the fewer the number of buyers who’ll be interested in it. If you build something that’s somewhat unusual, you’ll have a narrower market of buyers.   “ Buying a home that’s already under construction will result in significant savings. ”   The second option is to find a subdivision that’s already in development with a builder who’s already building and buy one of those. Buying one of these homes will result in significant savings for you. Most of the time, builders pass on their bulk building costs to the buyer. This option is less expensive per square foot. Builders have also studied the floor plans that people like and that will increase your resale value moving forward. Personally, this is the option I would go with if I wanted to buy a brand-new home. Either one of these options is great, but you need to decide for yourself what’s important to you in a home. If you have any questions for me in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

Pricing a home is tricky, but does it make more sense to price the home for more or less than its worth? The answer may surprise you. If you’re a home seller, you might be wondering whether it’s better to overprice or underprice your home. Of course, neither is better. The best strategy is to price it just right. However, sometimes the market isn’t very clear and we end up doing one or the other.  I would say that it’s probably more dangerous to overprice because it will result in the house accumulating market time and no offers. You won’t get your home sold. If the market is going up, that’s not a big deal. If the market is flat or moving down, it’s a real big issue. Underpricing is an easier mistake to deal with. Underpricing is probably an easier mistake to live with. When we underprice, it’s likely that you’ll have multiple buyers because it’s a good deal. That will result in the market bringing the price back up to where it needs to be.  You should definitely be more afraid of overpricing, but we always strive to price just right. If you have any questions for me about pricing or about real estate in general, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

Has the Atlanta market slowed down? Find out what’s going on right here. Has the Atlanta market slowed down? Find out what’s going on right here. Today’s topic has been on a lot of people’s minds: Has the Atlanta market slowed down? Today, I’ll share what the numbers have to say: The number of sales is down, even for the season.  However, home prices are still up. The supply of inventory is still the same. Typically, for the market to have slowed, there must have been fewer sales, with prices having dropped and supply having risen. So in the end, our market might have slowed down, but not enough to hinder your real estate plans. If you’re thinking of selling a house, now is still a great time to do so! For an individual analysis of your own property, or if you have any questions, please feel free to reach out to me. I’d love to hear from you.

If our average home price is any indication, our Atlanta market is very strong right now. What’s been happening in our Atlanta real estate market over the last couple months? There are two numbers that tell the tale: $240,000 and $259,000 The first is what the average home price was on January 1 of 2019. The second is what the average price was as of yesterday. This discrepancy means that we’re seeing more homes in the higher price ranges sell now than we did at the beginning of the year. Right now, our market is amazingly strong, so if you’re ready to put your home on the market or you’d like to know what it’s worth, don’t hesitate to reach out to me.

The numbers tell us that our market is slowing down, but they don’t tell the whole story. What’s going on in our North Atlanta real estate market? Let’s look at a few year-over-year statistics from this last quarter. The number of home sales at the beginning of this year was down 8%—however, the ratio of homes that are actually selling versus what’s currently on the market is looking great The average sales price rose from $281,000 to $298,000 The number of units for sale rose from roughly 27,000 to roughly 28,000 These numbers tell us that the market is slowing down a little, but in my experience, 2019 gave us the best we’ve had in the past 15 years. Homes are selling quickly and at decent prices. If you have any more questions about our market or you’re thinking of buying or selling a home, don’t hesitate to reach out to me. I’d love to help you.