Atlanta offers Southern charm and it’s a great place to live. But finding a home can be a long and sometimes frustrating process. However, knowing when to buy is half the battle. Here’s a guide to the best time to buy in Atlanta.
Finding your dream home can be exciting and fulfilling. But the journey to finding the home of your dreams can often feel like a nightmare. There are so many factors to consider, the location being only one of them. How can you make it easier?
The key is to understand the value of timing. In fact, timing is just as important as location. There are many conditions related to time that can have a major impact on the price of homes. Things like seasonal fluctuations, market-specific situations, and the local inventory all have a part to play in how good of a deal you can find on your Atlanta home.
Working with a local real estate agent that has expertise in the market you're interested in can help a great deal. Understanding the timing of the marketplace requires experience and training that real estate agents have.
Utilizing the services of a real estate agent throughout the home buying process can lead you to an optimal outcome. Here's what you need to know about buying a house in Atlanta.
Best Time of Year to Buy in Atlanta
January through March are typically the best months to buy a home in Atlanta. The peak buying season is in the spring and summer. However, you can also find good deals during the holidays. People are usually busy with holiday activities and family gatherings. This means there is less competition in the market so you have a better chance of finding a deal.
The current market in Atlanta has the sixth highest inventory in the nation. In fact, Atlanta's current inventory currently beats out Atlanta. This high inventory tends to indicate that it is a buyer's market.
Best Places to Find a Home in Atlanta
There are many suburbs and neighborhoods in and around Atlanta that are great for prospective homeowners. Here are five neighborhoods you should keep your eye on.
Located in Fulton County, Hanover West is one of the best places to live in Georgia. It has an urban feel and offers a great selection of parks and restaurants. It’s popular with young professionals and has a vibrant social atmosphere.
The population of Hanover West is 3,023, the median home value is $256,159, and 71% of residents own their homes.
Also in Fulton County, Woodfield is a vibrant suburban area filled with bars, coffee shops, and unique restaurants. It’s popular with families and young professionals alike. The population of Woodfield is 2,984. The median home value in this area sits at around $790,942, and 94% of residents own their homes.
This charming suburban neighborhood also boasts its fair share of unique cafés, restaurants, and bars. It’s popular among those who favor an active lifestyle and is among the safest neighborhoods in the area.
Peachtree Park is home to 2,640 people. The median home value in this area is $437,202, and 58% of residents own their homes.
Families and retirees alike flock to Sherwood Forest. In line with its charming name, this quiet suburban town is home to just 1,340 people.
Don’t be fooled by the fairytale veneer, though. Sherwood Forest also has a vibrant nightlife for those who like to keep it lively.
One of the safest neighborhoods in the area, Sherwood Forest is great for families with children. There are several highly rated schools nearby, as well. The median home value here is $846,200 and 82% of residents own their homes.
For a more urban twist, Buckhead Heights offers an active nightlife, plenty of shopping, restaurants and coffee shops with unique twists, and more. It’s also great for those who like healthy living and want to be close to outdoor recreation options.
Families love Buckhead Heights, and young professionals find the area enjoyable and accessible, as well.
Buckhead Heights is home to 1,971 people, has a median home value of $282,400, and 45% of residents own their homes.
4 Ways to Get a Great Deal on a Home in Atlanta
While knowing the right time to buy is a pivotal factor in obtaining a great deal, there are a few other things you can do, too. With a little strategy, you can find a good deal on the Atlanta home of your dreams.
Find a Great Atlanta Real Estate Agent
Working with an experienced local buyer’s agent who has in-depth knowledge about the specific market you’re interested in is a critical part of obtaining the best deal. An agent can advocate for you throughout the entire home buying process. They can also personalize your search and make sure you find a deal that meets your needs and helps you achieve your goals.
Assess Your Needs and Lay Out Your Goals
Knowing what to look for when buying a home makes all the difference. Working with a real estate agent to figure out exactly what you need in a property can help you narrow your vision and develop a strategic plan for success. Your agent can help you figure out the appropriate budget, help you determine your must-haves, and help you start your search.
Find a Lender and Secure Financing
Obtaining a home loan can be a difficult and frustrating process for some. A buyer’s agent can help you determine your financing options and pick the one that’s right for you. They can also help you evaluate your goals based on your current financial situation. The closing process takes, on average, about 30 days to complete. If you’re on a fixed timeline, it’s important to take that into consideration.
Negotiate for the Best Possible Price
Once you’ve chosen the Atlanta home of your dreams, it’s time to negotiate for the best possible price. Your real estate agent can help you formulate an offer that is realistic and within your reach. They can also help you with post-inspection negotiations so you can obtain the best deal available.
Whether you’re buying your first home or your tenth, working with an agent is a critical piece of the process.
To find an experienced real estate agent in your market, fill out our online form. A Clever representative will be in touch to answer your questions and connect you with a local Partner Agent.
Clever Partner Agents are top performers in their markets, and they’ll offer you a no-obligation consultation. Contact Clever today to make sure you get the best deal possible on your Atlanta dream home.