Interested in buying a home in Georgia? It’s a beautiful state with great employment options and friendly residents. Find out the best time to buy a house in Georgia, the best places to live, and what you can do to make sure you get a great deal on your dream home.
Buying a house is a stressful and emotional process. You'll likely have to spend weeks touring properties, fill out hundreds of forms, and invest a large chunk of your savings to secure the right house.
One way to make buying a house easier is starting the process at the right time. In Georgia, housing inventory, mortgage rates, and market trends vary from month to month.
For example, this year listing prices for homes in Georgia were lowest in January. On average, homes were $32,358 less expensive. While in November — the month with the highest prices — the listing prices were $30,384 more than the annual average.
In truth, the best time to buy a house really depends on your priorities and situation. Read on to find out which time of year will give you the most options and the biggest savings when buying a house in Georgia.
Best Month For
7.5% lower than average
20.6% more homes to choose from
2.94% interest for 30-year mortgage
Realtor.com data (October 2020)
Bankrate data (December 2020)
If you're interested in buying a home, the first step in the home buying journey is getting preapproved by a licensed lender. Even if you’re already pre-approved, shopping around for lower rates can pay dividends over the life of the loan.
You can fill out the form below to be instantly matched with a licensed lender who knows the area and can guide you through the process.
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Get matched with a lender who can tell you how much house you can afford. To get started, where do you plan on buying?
Best Time of Year to Buy a Home in Georgia
If you want the most variety, you’ll want to look at homes in early spring, before the weather gets extremely muggy. However, the housing market in Georgia will be moving quickly throughout the spring and summer.
If you want a better deal on pricing, you probably want to avoid the very busy months of April, May, and June. Choosing to wait until later in the summer will get you a slightly better deal. As you can see in this advice to Atlanta sellers, homes sell most quickly and for the highest prices in the spring.
If you want the absolute best deal, buying in the winter is best. There will be far fewer homes on the market, but the sellers will be very motivated to sell and may take a lower price as a result.
Best Places to Buy a Home in Georgia
If you’re moving for work, you may be limited in where you can live. However, if you have options, it pays to choose an area that has strong marks for housing, diversity, nightlife, and more.
Here are five of the best places to buy a home in Georgia.
Decatur. This suburb of Atlanta is excellently rated for public schooling, families, nightlife, and diversity. There are also a lot of bars, coffee shops, parks, and other activities available. Homes can be expensive but you’ll have great employment opportunities.
John’s Creek. Another suburb of Atlanta that gets excellent ratings for low crime, high quality of life, and excellent schools. You’ll find a variety of entertainment, dining, shopping, and recreation options. At 30 miles northeast of Atlanta, you’ll have access to a variety of work options as well.
Athens. If you love the feel of a college community, you’ll love Athens. It’s bikeable, walkable, and has excellent public transportation. This community of 120,000 residents is also affordable, with a median home price of $150,000.
Suwanee. If you are looking for small city living, Suwanee has what you’re longing for. With a population of just 17,000, it’s been listed as a top place to live in a variety of publications. Whether you have a family, are a young professional, or are looking to retire, Suwanee offers a great cost of living, low crime rate, and excellent education.
Peachtree City. Peachtree City is another area that has been noticed as a top place to live in top publications, including CNN and TIME Magazine. One of the biggest differentiators is the abundance of golf carts, which everyone uses to travel through their neighborhoods.
4 Ways to Get a Great Deal on a Home in Georgia
Once you’ve decided where to move, you want to make sure you get a great deal. Here are four strategies that will help you find your dream home at a dream price.
Find a Great Georgia Real Estate Agent
No home buyer should go it alone. There are so many legal considerations to buying a home that you need an experienced realtor just to protect your rights and interests. In addition, a local real estate agent will know where great homes are and can help you negotiate to get an excellent price.
Learn More: What Does a Real Estate Agent Do for a Buyer?
Assess Your Needs and Lay Out Your Goals
What are your non-negotiables when buying your home? What would be nice to have? How does that line up with your available budget? You’ll want to work with your agent to set your goals and then begin your search with those objectives in mind.
Find a Lender and Secure Financing
Unless you plan to buy your home with cash, you'll need to apply for a mortgage. For most home buyers in Georgia, interest rates are among the biggest factors when choosing a lender. Doing a little upfront research and comparing options to find the best rates could save you tens of thousands of dollars over the life of your loan.
For example, in Georgia a typical house is worth $216,000. Assuming a 20% down payment, if you took out a 30-year mortgage for 3.5%, your monthly payment would be $771. But if you shopped around and found a 3% mortgage, your monthly payment would drop to about $729.
Getting a mortgage is a big decision – and it pays to shop around! Keep shopping until you find a lender with competitive rates who also understands your goals. Don’t get pressured into taking on a bigger loan than you’re comfortable with – work with a lender who explains what you’re really signing up for.
It’s easy to start your home buying journey – answer a few questions to get instantly matched with a lender who works in your area.
Negotiate For the Best Possible Price
Once you’ve found the property you want, you’ll have to act quickly. Your agent can help you prepare and submit your offer and then negotiate after the home inspection to make sure you get the best deal possible. The skills of your professional agent are extremely valuable in this stage!
Next Steps to Buying Your Georgia Home
Are you ready to begin your Georgia home buying process? If so, get started with a Clever Partner Agent. They are professional local realtors from major brands and may be able to offer you a cash rebate up to 1% cash rebate once your home closes.
Just fill out the online form and we will get in touch to answer your questions and connect you to one of our agents for a no-obligation consultation. They’ll help you target the perfect area and work with you to find your dream home at a great price.
Your Georgia home is waiting. Don’t delay — get started with the home buying process now!