When selling and buying a home at the same time, selling at the top and buying at the bottom would be the best possible deal. We’ve all heard the phrase “buy low, sell high” and of course, that would be idea with one of the largest purchases we ever make – our home.
Out of the area
This happens many times when someone moves from another area. A few years ago when our market was down, we had clients from California who bought a home in Athens. The price was less than half the price of the California home. And the house they bought here would have cost twice as much as the one they sold.
Selling a home in Athens and buying another one in the same area will likely mean that you’ll sell at a higher price than you would have a few years ago, but also that you’ll pay more for the new home. But, if you consider the cost of the same home in another area, it would most likely cost more.
Real Estate Sales
We are seeing home value increases in all areas around Athens. Barrow County was hit hardest with foreclosures in 2008-2010 but it has made a rebound. Those homes are now selling as soon as they come on the market. Condominiums in Athens sold below the original purchase price during the same time period. It was typical to see a high number of condos available for sale. Now, the only condos that remain on the market for a while are ones that are already rented. Those are best for investors so parents looking for a place for their college student kids, are having a hard time finding condos to buy.
The best way to keep up with the real estate market is to receive listings as they come on the market. Check out the new listings below, then click SAVE SEARCH so you’ll be updates as market conditions change.