For many in Metro Atlanta, the new year prompts you to take a stock of your career, your health, and even your home. Perhaps you’ve started writing down your goals for the coming year or dreaming of where you’d like to be, and if those goals include relocating or moving into a new home in Alpharetta, Brookhaven, Buckhead, Dunwoody, Roswell, Sandy Springs or the surrounding areas, you’ll be glad to know 2018 is the year to make it happen!
Below are five reasons why you should buy a Metro Atlanta home in 2018:
Prices are rising
Metro Atlanta home prices have been on the rise over the last year and that trend is set to continue throughout 2018. However, at a much more moderate pace! But that doesn’t mean you should delay your purchase— waiting to buy a home until later in the year could mean you will end up paying much more for the same property!
Rates are rising
Don’t get used to the current interest rates, still hovering around historic lows, as they will soon be gone! 2018 is projected to bring at least two to four more mortgage rate hikes and buyers can expect to end the year with rates around 5 percent. In order to avoid paying more for a Metro Atlanta home down the road, you will want to time your home purchase toward the beginning of 2018.
Competition is growing
With rates and home prices creeping upward, you can bet you won’t be the only buyers in the local real estate market. In fact, the market is only beginning to heat up! As we push further into the new year, competition among buyers will also grow which means you could be competing with multiple buyers for the same property, especially if you put your home search on the back burner for a few months!
Inventory is returning
Metro Atlanta buyers will be glad to note that inventory will also increase in the new year ahead. More properties will return to market, with the majority of the recovery taking place in the middle to upper price ranges. If you had a difficult time finding the perfect home or were met with few homes to choose from during your search, 2018 will open up your options!
Homeownership not only helps to grow your wealth via equity, but there are also many tax benefits you can take advantage of this year! Thankfully your mortgage interest is still deductible! Property taxes and even a portion of your closing costs can all be deducted from your taxes.
Downsizing, upsizing, or relocating, call on Heineck & Company to help navigate the process. Email email@example.com for your free, no-obligation consult today!
Heineck & Company at Keller Williams Realty
Phone: (404) 418-9157
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