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A Record Percent of Buyers Are Planning To Move in 2025 – Are You?

February 11, 2025 by Thom Abbott

A Record Percent of Buyers Are Planning To Move in 2025 – Are You?


A record percent of Buyers are planning to move in 2025 – Are You?

This could be the year to sell your house – and here’s why. According to a recent NerdWallet survey, 15% of people are planning to buy a home this year. That’s actually a record high for this survey (see graph below):

a graph of blue rectangles with white textHere’s why this is such a big deal. The percentage has been hovering between 9-11% since 2020. This recent increase shows buyer demand hasn’t disappeared – if anything, it indicates there’s pent-up demand ready to come back to the market.

That doesn’t mean the floodgates are opening and that there’s going to be a huge wave of buyers like we saw a few years ago. But this does signal there’ll be more activity this year than last.

At least some of the buyers who put their plans on hold over the past few years will jump back in. Whether they’re feeling more confident about moving, they’ve finally saved up enough to buy, or they simply can’t wait any longer – this is the year they’re aiming to take the plunge.

And, according to that same NerdWallet survey, more than half (54%) of those potential buyers have already started looking at homes online.

That’s a good indicator that a number of these buyers will be looking during the peak homebuying season this spring. So, if you find the right agent to make sure your house is prepped, priced, and marketed well, you can get your house in front of them.

Bottom Line

More people are going to move this year, and with the right strategy, you can make sure your house is one of the first they look at.

What do you think these buyers will love most about your house?

Let’s talk it over and make sure it’s front and center in your listing.

Filed Under: Atlanta Real Estate For Sale Or Rent, Atlanta Relocation, Blog, Buyers, First Time Home Buyers, Interesting Stories, Real Estate Tips, Sellers Tagged With: atlanta relocation, Buyers, First Time Home Buyers, Intown Atlanta Real Estate Buyers Guide, Seller Tips, Sellers

Struggling To Sell Your House? Read This.

December 27, 2024 by Thom Abbott

Struggling To Sell Your House? Read This.

When you sell your house, ideally, you want it to go something like this: your house sells for top dollar, you get it sold quickly, and it all goes down without a hitch.

But what many people don’t realize is that even in today’s market where there are more buyers than homes for sale, there are still things that can cause delays or even keep a house from selling. According to Zillow, in 2024, as many as 1 in 3 sellers took their home off the market before it ultimately sold.

And while the reasons those houses didn’t sell are going to vary, there are some general themes that come through. If you’re having trouble getting your house sold, here are the top three hurdles that could be getting in the way, and how an expert agent can help you solve these issues.

1. Priced Too High

It’s no surprise that price plays a major role when you sell. And in today’s market, overpricing a home in a high-mortgage rate environment is the biggest thing keeping homes on the market longer than the norm. As. U.S. News Real Estate says:

“Talk to any real estate expert, and the first thing they’ll tell you is that a house is selling slowly because the price is too high.”

While it’s tempting to push the price higher to get more for your home, overpricing can really turn away potential buyers. It can also make your house sit on the market for far too long. And the longer it sits, the more skeptical buyers will be that there’s something wrong, even if there isn’t.

Not to mention, buyers today have so many tools and resources to view homes in your area and compare prices. So, if your house is priced too high, you’ll risk driving away potential offers.

To find out if this is happening with your listing, talk to your agent about what they’re hearing at open houses and showings. If the feedback is consistent, it may be time to re-evaluate your asking price. 

2. Not Freshened Up Before Listing

You only get one chance to make a great first impression on a buyer. That’s why sprucing up your house can be the difference between it selling or sitting.

First, take into account your home’s curb appeal. There may be easy ways you can clean up the landscaping to make it tidy, inviting, and really make an impact. As an article from Realtor.com notes:

” . . . for better or worse, buyers do tend to judge a book by its cover. You want to make sure potential buyers’ first impression of your home is a good one—and inspires them to stop by the open house or schedule a tour—so they can see more.”

But don’t stop at the front door. Small touches like removing personal items, reducing clutter, and cleaning the floors give buyers more freedom to picture themselves in the home. And inexpensive upgrades like a fresh coat of paint or updated listing photos to match the current season can go a long way with that wow factor. 

When in doubt, lean on your real estate agent for expert advice and whether you need a new game plan to close the deal.

3. Limited Access

Another big mistake you can make as a seller is limiting the days and times that buyers can view your house. Because at the end of the day, if buyers can’t take a look around, your chances of selling decline — drastically.

And here’s something else to consider. No matter what type of market you’re dealing with, buyers from outside the area are often highly motivated, but they don’t have as much flexibility or time as those who are local. So, give your house the best visibility by making it available as much as possible.

Bottom Line

You deserve to check selling your house off your list of goals this year. So, if your house isn’t getting enough attention or your listing is getting stale, don’t be afraid to ask your trusted real estate agent how you can revamp your approach. 

Filed Under: Blog, Real Estate Tips, Sellers Tagged With: real estate FAQ, Seller Tips, Sellers

Why More Sellers Are Hiring Real Estate Agents

December 10, 2024 by Thom Abbott

Why More Sellers Are Hiring Real Estate Agents

Putting your house for sale on your own – often called “For Sale by Owner” or FSBO – might be on your mind. But you should know that it gets complicated very quickly, especially in today’s complex market.

That’s why data from the National Association of Realtors (NAR) shows a record low number are going the route of selling on their own.

Instead, more and more homeowners are choosing to work with a real estate agent (see graph below):

a graph of a sales growthAnd here’s why partnering with an expert is the go-to choice. Selling your home is a big deal, and while FSBO might seem like a way to save time or money, it comes with a lot of responsibilities.

The selling process requires setting the right price, navigating a growing amount of legal paperwork, and creating a solid strategy to attract buyers. And going it alone often means taking on more than you bargained for.

Let’s look at two big reasons why working with a pro can make all the difference.

1. Getting the Price Right

One of the biggest hurdles when selling a house on your own is figuring out the right price. It’s not as simple as picking a number that sounds good – you need to hit the bullseye. Price your home too high, and buyers may overlook your listing. Price it too low, and you could leave money on the table or even raise red flags about the condition of your home.

Real estate agents are experts in finding the right price for today’s market trends. As Zillow explains:

“Agents are pros when it comes to pricing properties and have their finger on the pulse of your local market. They understand current buying trends and can provide insight into how your home compares to others for sale nearby.”

With their knowledge of the local market, buyer behavior, and what homes like yours are selling for, an agent will help you make sure you set a price that’s competitive and that’ll draw in buyers. And it’s that perfectly strategic price that’ll set the stage for selling at top dollar.

2. Understanding and Managing the Paperwork

Thom Abbott Midtown Atlanta REALTORAnother part of the process is dealing with a growing stack of paperwork, from disclosure forms to contracts. Each document needs to be completed accurately, and there are legal requirements to follow that can feel overwhelming if you’re not familiar with them.

This is where I can help you and keep the stress level low!  I have handled these documents countless times and know exactly what’s needed to keep everything on track. I will guide you through the paperwork step by step, making sure it’s done right the first time and you understand what you’re signing. With my help, you can avoid unnecessary stress and mistakes that can lead to delays, legal complications, and more.

Bottom Line

Selling your house is a big decision, and having a trusted real estate agent (ME) on your side can make all the difference.

Let’s connect so you have a pro to help with everything from pricing your home to managing the details. That way we can take the guesswork out of the process and help you sell with confidence. 

Filed Under: Blog, Real Estate Tips, Sellers Tagged With: real estate FAQ, Seller Tips, Sellers

Don’t Let These Two Concerns Hold You Back from Selling Your House

November 18, 2024 by Thom Abbott

Don’t Let These Two Concerns Hold You Back from Selling Your House

Selling Your HomeIf you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market. Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed because you think you won’t find a house you like.

To put your mind at ease, here’s how to tackle these two concerns head-on.

Is It Even a Good Idea To Move Right Now?

If you own a home already, you may have been holding off because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a lot more feasible than you think, and that’s because of your equity.

Equity is the current market value of your home minus what you still owe on your loan. And thanks to the rapid appreciation we saw over the past few years, your equity has gotten a big boost. Just how much are we talking about? See for yourself. As Dr. Selma Hepp, Chief Economist at CoreLogic, explains:

“Persistent home price growth has continued to fuel home equity gains for existing homeowners who now average about $315,000 in equity and almost $129,000 more than at the onset of the pandemic.”

Here’s why this can be such a game-changer when you sell. You can use that equity to put down a larger amount on your next home, which means financing less at today’s mortgage rate. And in some cases, you may even be able to buy your next home in cash, avoiding mortgage rates altogether.

The bottom line? Your equity could be the key to making your next move possible.

Will I Be Able To Find a Home I Like?

If this is on your mind, it’s probably because you remember just how low the supply of homes for sale got over the past few years. It felt nearly impossible to find a home to buy because there were so few available.

But finding a home in today’s market isn’t as challenging. That’s because the number of homes for sale is growing, giving you more options to choose from. Data from Realtor.com shows just how much inventory has increased – it’s up almost 30% year-over-year (see graph below):

a graph of a number of numbersAnd even though inventory is still below pre-pandemic levels, this is the highest it’s been in quite a while. That means you have more options for your move, but your house should still stand out to buyers at the same time. That’s a sweet spot for you.

It’s important to note, though, that this balance varies by local market. Some places may have more homes for sale than others, so working with a local real estate agent is the best way to see what inventory trends look like in your area. 

Bottom Line

If you’re thinking about selling, Don’t Let These Two Concerns Hold You Back From Selling Your Home! Hopefully these concerns haven’t kept you up at night. With this information, you should realize you don’t have to let the what-if’s delay your move anymore.

Let’s connect so you have the data and the local perspective you need to move forward.

Filed Under: Blog, Random Topics, Real Estate Tips, Sellers Tagged With: Intown Atlanta Real Estate, real estate FAQ, Seller Tips, Sellers

10 Appealing DIY Home Improvement Tips and Tricks

October 23, 2024 by Thom Abbott

10 Appealing DIY Home Improvement Tips and Tricks

Painting an Accent wall DIY Home ImprovementIf you’re looking to improve your home without breaking the bank or calling in a professional, DIY home improvement projects are a fantastic way to refresh your space. From simple upgrades to creative hacks, here are 10 Appealing DIY Home Improvement Tips and Tricks that will add style, comfort, and value to your home.

1. Paint an Accent Wall

One of the easiest and most effective ways to transform a room is by adding an accent wall. Choose a bold color or textured paint finish to make a statement. If you’re feeling adventurous, you could even try a DIY stencil pattern or mural. This can instantly make a bland room pop with personality.

**Tip:** Use painter’s tape to create sharp lines, and make sure to test out colors in small sections before committing.

—

2. Install a Backsplash

Adding a backsplash to your kitchen or bathroom not only enhances the aesthetic but also protects the walls from spills and splashes. Peel-and-stick tiles make this project simple enough for any DIYer, and they come in a variety of designs that mimic expensive tiles at a fraction of the cost.

**Tip:** Measure your space carefully and plan your tile layout before sticking them to the wall to ensure an even, professional finish.

Install new lights for DIY Home Improvement3. Upgrade Your Lighting

Switching out outdated light fixtures can modernize a room instantly. Whether it’s a chic chandelier in the dining room or sleek pendant lights in the kitchen, lighting sets the mood. You can also replace traditional bulbs with energy-efficient LED bulbs to save on your electricity bill.

**Tip:** Ensure you turn off the power before working with electrical wires, and always follow safety guidelines.

 4. Add Crown Molding

Crown molding adds elegance and a finished look to any room. With the right tools, you can install it yourself. Pre-cut molding from your local hardware store makes it easier, and with some caulk and paint, you can achieve a professional look.

**Tip:** Measure carefully and use a miter saw to get the perfect angles.

 

 5. Refresh Cabinet Hardware

Instead of replacing your kitchen or bathroom cabinets, simply swap out the hardware. Sleek modern handles or knobs can completely change the look of your space without the expense of full cabinet replacement.

**Tip:** Make sure the new hardware fits the existing holes, or be prepared to fill and drill new ones.

 6. DIY Floating Shelves

Floating shelves are both functional and stylish, and they’re easier to build than you might think. Use wood planks, brackets, and a little elbow grease to create shelves that not only hold your belongings but also add a decorative element to your walls.

**Tip:** Always use a level when hanging shelves to ensure they’re perfectly straight.

Here are more of our 10 Appealing DIY Home Improvement Tips and Tricks

 

Statement Front Door DIY Home Improvement7. Create a Statement Front Door

Your front door is one of the first things people notice about your home. A fresh coat of paint in a bold color or a wood stain can make a huge difference. You can also add stylish house numbers or a modern door knocker for extra curb appeal.

**Tip:** Choose a paint color that complements your home’s exterior and is weather-resistant for durability.

 

8. Install a Smart Thermostat

Upgrading to a smart thermostat is a tech-savvy way to improve your home’s energy efficiency. Many smart thermostats allow you to control the temperature from your smartphone, helping you save on energy costs and keep your home comfortable.

**Tip:** Installation is usually simple and doesn’t require professional help, but always follow the instructions carefully.

 

9. Re-caulk Your Bathroom

If the caulk in your bathroom is looking worn, cracked, or mildewed, it’s time for a refresh. Re-caulking is a quick and inexpensive way to make your bathroom look cleaner and prevent water damage.

**Tip:** Use a caulk removal tool to get rid of the old caulk and ensure the surface is clean and dry before applying the new caulk.

 

10. Build a Custom Headboard

A custom headboard can transform your bedroom into a designer-like retreat. You can create one from wood, fabric, or even reclaimed materials like pallets. Tailor the design to your style, whether you prefer minimalist, rustic, or luxurious.

**Tip:** For fabric headboards, use a staple gun to secure the material tightly for a smooth finish. If you’re working with wood, sand it down and finish with stain or paint for a polished look.

 

Conclusion

DIY home improvement projects don’t have to be complicated or expensive to make a big impact. These ten tips and tricks can help you refresh your space and add personal touches that make your home feel new and inviting. Whether you’re enhancing your living room with accent walls or boosting curb appeal with a painted front door, these ideas are great for any skill level.

 

Filed Under: Atlanta Real Estate For Sale Or Rent, Blog, Interesting Stories, Random Topics, Real Estate Tips, Sellers Tagged With: home and condo improvement tips, Seller Tips, Sellers

Planning To Sell Your House in 2025? Start Prepping Now

October 22, 2024 by Thom Abbott

Planning To Sell Your House in 2025? Start Prepping Now

If your goal is to sell your house in 2025, now’s the time to start prepping. Even though it might seem like there’s plenty of time between now and the new year, you should get a head start on any updates or repairs you want to make now. As Danielle Hale, Chief Economist at Realtor.com, says:

“ . . . now is the time to start thinking about what you need for your next home and then taking those steps to prepare to list . . . We have survey data that says 47 percent of sellers are taking longer than a month to get their home ready to sell, so getting them to start that process early can mean more flexibility.”

By starting your prep work early, you’ll give yourself plenty of time to get your house market-ready by the end of the year. But be sure to partner with a great agent before you get started, so you have expert insight into what repairs are worth it based on your local market.

Why Starting Early Is Key if You Are Planning To Sell Your House in 2025?

To get the best price and sell quickly, it’s important that your home looks its best. And that means it’s up to you to make the necessary repairs, declutter, and even consider updates that could add value as part of getting your house ready to list.

By starting now, you can tackle things one task at a time. Whether it’s fixing that leaky faucet, refreshing your landscaping, or painting a room, getting an early start gives you the flexibility to do the job right and with as little stress as possible. Because, if you wait to knock items off your list later on, they could quickly stack up and get overwhelming. As Realtor.com explains:

“There are some important repairs to make before selling a house, so don’t be in too much of a hurry to get your home listed … if you move too fast, buyers see right through the fact that you skipped important home renovations. And this . . . might end up costing you time and money.”

What Should You Focus On?

Feeling motivated to start chipping away at that to-do list, but not sure where to start? Here’s a look at the most common improvements other sellers are making today (see graph below):

The Importance of Working with a Local Agent

And while that data gives you a starting point, it shouldn’t be seen as a comprehensive list. What buyers want in your area may be different, and only a local agent will have this in-depth understanding.

For example, if homes in your area are selling quickly with updated kitchens, your agent might suggest focusing on minor kitchen improvements rather than spending money on other areas that won’t offer as much return. They’ll also help you figure out if tackling larger projects, such as replacing your roof or upgrading your HVAC system, is worth it based on other recently sold homes. As Point says:

“Not all renovations are created equal, and focusing on upgrades that offer the highest potential for increasing your home’s value is key.”

And remember, it’s not just big-ticket items that can have an impact. Your agent will also speak to some of the smaller details – like cleaning up your yard, adding fresh mulch, or painting your front door – to make a real difference in how buyers feel about your home. This type of expert eye is crucial to help your house sell fast and for top dollar.

Bottom Line

Thinking of selling your house next year? Don’t wait until the last minute to get it ready. By getting a head start now, you can ensure everything is in place by the time the new year rolls around.

Need advice on what to tackle first? Let’s connect. You can start with our Seller Information Page!

Filed Under: Atlanta Relocation, Blog, Real Estate Tips, Sellers Tagged With: atlanta relocation, home and condo improvement tips, Intown Atlanta Real Estate, real estate FAQ, Seller Tips, Sellers

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Thom Abbott

Associate Broker, REALTOR(R)
905 Juniper Street, NE Suite 110
Atlanta, Georgia 30309
770.713.1505 Direct
404.876.4901 Office

 
 
 
 
 
 
 
 
 
 

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