Everything Real Estate: realestateagent

WHAT THE HECK IS A SELLER’S MARKET?

There are no better words in the English dictionary that can make a home owner do their infamous happy dance than these four little words: “it’s a seller’s market”.

So….you ask….how do you know if it really is a seller’s market and what exactly does that mean?

I’m going to bring you back to ECON 101 for a moment. Remember when your professor spent two weeks explaining the concept of supply and demand? Well, I hope you took notes.

In a seller’s market, there are fewer homes for sale with more buyers out there looking to purchase. The factors that lead to more buyers in the market could be: sustained low interest rates, high employment rate, legislative changes which make it easier to purchase a property – events and conditions that make buyers think it would be a good time to invest in a home.

In my experience, there are some advantages to the sellers in this kind of market. Typically, home prices will rise, buyers will quickly make offers and sometimes, buyers will compete for a property. This can lead to a bidding war, ultimately driving the price of the home up above expectations

Now on to your next question. How do I, as a potential seller, know when it really is a seller’s market?

Click here and I will send you a personalized FREE Comparative Market Analysis (Home Valuation) of your home. We can start there. I will also send you updated monthly market information.

HOW TO RECOGNIZE A SELLER’S MARKET

It’s pretty simple actually. If houses are selling quickly for their actual value or above…then, it’s a seller’s market.

But, how do you know when to list and when it will be a seller’s market?

It’s all about projection. There are a group of people sitting in a padded room that study the local market day in and day out. Very patient people, indeed.

This is the forecast that they have come up with for the Metro Atlanta Market:

They project that Metro Atlanta home sales will rise over 10% in 2015.

This is my forecast: Rates are lower than ever and homebuyers are out looking. Despite the cold…..getting your home listed this winter, before everybody starts listing in Spring time, will give you an advantage.

Let’s do this. Click here and I will send you a personalized FREE Comparative Market Analysis (Home Valuation) of your home. We can start there. I will also send you updated monthly market information.

As I always say, “an informed homeowner makes a happy home seller.”

Here’s to being informed!

Emily Benner

REAL Estate Expert

PalmerHouse Properties

678.458.2284

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Click here and I will send you a personalized FREE Comparative Market Analysis (Home Valuation) of your home. We can start there. I will also send you updated monthly market information.

For those of us who got through high school, and maybe college Chemistry by the skin of our teeth, we may not be experts on poisonous gases. Never in a million years, as a first time home-buyer, would I have thought to have my home tested for Radon before I made the purchase. Now, it's a daily routine for home inspectors worldwide. First and foremost....what exactly is this Radon that has created such a hype?

What the HECK is Radon?

Well, in a nutshell, Radon is a poisonous gas that comes from soil, rock and even water. When Uranium is broken down, a gas is produced that can, at certain levels, be toxic to inhale. This gas enters homes through cracks and holes in the home's foundation.

Why Is Radon Deadly?

Radon gas, if inhaled at high enough levels for long enough, can cause lung cancer. So, basically, Radon is a cancer-causing gas. Scary...I know. Now, here are the scary facts:

Radon is estimated to cause about 21,000 lung cancer deaths per year, according to EPA's 2003 Assessment of Risks from Radon in Homes (EPA 402-R-03-003).

What are the Odds?

So, what are the odds of living in a house with elevated Radon levels you may ask? Well, according to the US EPA, "Nearly 1 out of every 15 homes in the United States is estimated to have an elevated radon level (4 pCi/L or more)."

Holy Crud!!! So, basically, the EPA is saying that you have a 7% chance of living in a home with toxic Radon fumes. That's 7% higher than I would want to chance.

But...the good thing about all of this, is that a Radon problem can be fixed.

How to Test and Fix the Problem

The EPA suggests testing all floors of home below the third for Radon gases. ESPECIALLY the basement. You can either hire a professional home inspector or a more specific Radon testing company...or, go to your local Lowes or Home Depot store and purchase a DIY kit for around twenty bucks. Either way, the results seem to be accurate. In my experience that is.

Now...how on earth do you get that nasty gas out of your home? I'm glad you asked. There are a few different ways, but, this guide will tell you everything you need to know for Radon removal: http://www.epa.gov/radon/pubs/consguid.html

Moral of This Radon Story

So, if you are planning on buying or selling a home..PLEASE have the home tested for Radon. There are more homes in our area that are harboring this poisonous gas, especially in Fulton and Gwinnett Counties. check out this local site to get more information: http://www.epa.gov/radon/states/georgia.html