Georgia Is Becoming One of the Hottest Real Estate Markets in the World. 4 Must Read Tips!
Updated: Nov 7, 2019
This Christmas don’t go toys shopping, go home shopping! The Atlanta market and most of Georgia's real estate market is turning into one of the hottest investment spots in the world! If you already own a home, by a second and a third! Because years from now it’s predicted that Georgia will catch up with other high mortgage states, especially when it comes to the real estate market, especially in Metro Atlanta. Summarily, homes in Georgia won’t be as affordable as it is now. So take advantage. Here are some tips to help you get started.
Number One. Go mortgage shopping. Most people go home shopping but they don’t mortgage shop. What this means is shop for the best rates based on your credit score because it can make a huge difference on your monthly payments. Shop around for the best rates.
Number two. Shop in the winter time. Homes are generally about $2400 less in the winter time with the highest time being in the summer.
It’s predicted that Atlanta homes will be 3% more expensive within the next 1 to 3 years, with that being even more certain in certain metro Atlanta neighborhoods. So buy now if you live in these areas, example Cobb County. If credit is your issue, there are many reputable credit repair agencies that can help you map out a road to home ownership. Building good credit is not as difficult as most people think, especially with proper guidance.
Unless you have a lot of cash in the bank, the number 3 tip is start to work on your credit and work with a great loan officer who is able to take advantage of the great interest rates that are going on right now and pass them along to you.
Number 4. Buy a yellow house. I thought this was funny when I heard it, but I guess it’s true because a major news network reported that based on studies, a yellow house costs about $3400 less than other traditionally painted homes.
I hope this week's tips are helpful. Real estate is one of the number one ways most investors have built their wealth. And you can too if that’s your goal! Or just get into a good home and enjoy!