-This is a transcript from Go Gaddis Radio to listen to the episode click here-> https://on.soundcloud.com/4BUU8
Welcome back to another week's edition of Go Gatis Real Estate Radio, right here on AM nine 20. The answer. This is the day before Father's Day, June the 18th, A Sunday Father's Day always falls on a Sunday. As you know, we have a very special Father's Day wish for all of the fathers who are listening and for all of the fathers of the kids and the wives who are listening.
Sometimes being a father is, is a thankless job, same as it is sometimes being a mother. And so on behalf of everybody, everywhere we say thank you to all of the fathers in this first segment of the show, we've got the Metro Atlanta Residential Real Estate update for the last seven days in something you should know about Metro Atlanta.
We're gonna talk about crumble cookies, C R U M B L cookies. If you've never had a crumble cookie, you, you are missing something. Delicious. And then do Georgia real estate agents actually make a salary? How much money do real estate agents in the state of Georgia make? My name is Cleve Gaddis. You're listening to Go Gaddis Real Estate Radio, where we help listeners go from real estate novices to experts.
Home selling and buying can be done with total confidence and without all the worry that is so typical with life's biggest investments. Long story short, we don't want you to learn anything at closing or after closing. That you should have learned before. For those of you who listen every week, you know it is easy to connect with us and we are very interested in connecting with you, go to go gatis radio.com.
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Let's jump into the Metro Atlanta residential real estate update for the last seven days. Over the last few weeks, lots more inventory is coming on. The market then is being absorbed by buyers for the current week. This week to the tune of 518, more listings came on the market than went under contract for the week, which means at the end of seven days there was 518 more choices for consumers in Metro Atlanta.
Over the beginning of the week, 1,918 new listings came on the market for the week 1400. Homes went under contract. There's still a lot of homes that have gone under contract, but I would say in a normal market, that number would be more like 2100 or 2300, or maybe even 2,500. There were also 1,993 closings for the week, 1,993 closings for the week.
So a good solid week. Anytime we've got up around 2000 closings for the week, that is a good week. There were also 1,156 homes that had a price decrease for the week 1,156 home sellers admitted to themselves and to the market that they may be a little more motivated to sell their home this week than they were the week before.
1,156. That's a lot of home sellers saying, I would like to sell my property. I'm a little more eager, I'm a little more motivated to sell my property this week than I was last week. So if you're a buyer and you're looking for a home to buy in Metro Atlanta, and you are disappointed because you're not finding any good options, not finding any options where you can be the only buyer at the table who is trying to buy that home that I suggest you need to take advantage of.
The Modern Traditions Realty Groups, that's my real estate firm. Our offering exclusively for buyers in metro Atlanta is called the Motivated Seller Listing Alert, and it is the coolest thing because we help you as a home buyer. Identify sellers where sellers might be more motivated to sell their home than other sellers and maybe less likely for you to compete with other offers.
It's called the Motivated Seller Listing Alert. You can find out more by calling 7 7 0 4 9 7 0 0 0 0 or you can go to go gatis radio.com. That's G O G A D D I S radio.com. So what do all of the numbers that we've updated for you for the last seven days mean? For home sellers, still a very, very strong market, but we are continuing to have more and more inventory on the metro Atlanta.
In the metro Atlanta market. Is it high enough to be a problem? Absolutely not. Inventory is still well below three months. Anything below four months worth of inventory available for sale at any given time in metro Atlanta is a seller's market for home buyers. There's more opportunities this week than last week.
More opportunities last week than the week before and the week before and the week before. So inventory slowly but surely grows. So if you have been sitting on the sidelines because you are shellshocked from what's happened, if you've been in the market before or you just hear so much news and think, now is not a good time to buy a home.
It could be that that is not the case. It could be that it is a good time for home sellers and also for. Home buyers, who knows in our, something you should know about Metro Atlanta segment Crumble Cookies is taking over Metro Atlanta. If you've never had crumble cookies, you have, uh, missed out on a treat.
And I will tell you, uh, I have been known to get a uh, wild, sweet tooth. And order four crumble cookies and have them delivered to my home. Now, the reality is I never eat more than one of them, but I'll take a few bites of each one of the flavors and they, all their flavor combinations are so, so, so delicious.
Crumble Cookies now has 28 locations throughout Metro Atlantic, excuse me, 25 locations throughout Metro Atlanta. There's 800 bakeries in 49 states as the fastest growing cookie company in the us. They opened two stores internationally started by two brothers, one who was going to the University of Utah or Utah State University.
Their first location was in Logan, Utah in 2017. The. Um, they, they, they have specific flavor combinations, so it's my understanding that each week they rotate through four unique flavors. And so those are the flavors that they are making for that particular week. And you can order, uh, either one of all, one of all of the flavors, or you can order four of one of the flavors.
You can do whatever you want to. Their award-winning milk chocolate cookie. Milk, ch milk chocolate chip cookie has always been on the menu, and it's one of my favorites. And also their chilled pink sugar cookie, which is delicious, is also becoming a semi-permanent menu item soon. And again, they, they announced several years ago, 20 17 20 18, the concept of a rotating menu.
It's iconic. Four flavor weekly rotation was officially established. It says here in 2018, the brand now focuses on developing unique and delicious cookies, inspired by popular flavors, foods, desserts of all kinds. From pies to cakes, to candies. Oh, I didn't even know that. I didn't know they had pies and candies.
All I've ordered is uh, cookies and certainly didn't know they had cakes. One of the things I like most though is the way the cookies come and they come in this very distinctive. You know how if you buy an Apple product, the packaging is distinctive. You buy other products. The packaging is so distinctive today.
Well, those cookies come in a box that almost looks like a shirt box, but a very big one. A very nice one. A pink box that looks like a big Dunking Donuts box, but it's classier, it's nicer. So the experience when you buy crumble cookies is really outstanding. If you want more information, go to Google and type in crumble cookies Atlanta, and you will find one of their locations near you.
Have you ever thought about getting a real estate license? I. Were you worried you might not be able to make the amount of income you and your family need or, or maybe you thought you could actually get rich in real estate? Well, how much does the average real estate agent make in the United States?
Let's take a look at some research. This is from um, aceable agent.com. It says, the average salary for a real estate agent in the United States is a little over a hundred thousand dollars. Says that's a little higher than the mean annual wage for Georgia's sales agents, which according to the Bureau of Labor Statistics data from May of 2020.
Is a respectable 69,150. So the answer to the question, how much do real estate agents make in Georgia is 69,150 on average, and you have to think about that. That's probably only five or six, maybe seven closings for an agent for the year. I would be a little worried if I was working with an agent who, uh, only sold six or seven houses for the year because there's lots of stuff that's going on all the time.
And changes that are happening and agents learn more about what's going on in the market by doing more business. The National Association of Realtors found the median gross income for a realtor was 43,330 in 2020, which means the average realtor in the US made a lot less, but also you got many other, you know, suburban or or areas in the country.
Warehouse prices are much, much less. There is a difference between a real estate agent and a realtor. A realtor is a member of the National Association of Realtors and subscribes or agrees to abide by a code of ethics that lo, that overlays on top of the real estate. The laws governing real estate agents in a state.
There are about 1.6 million, or there were 1.6 million members of the National Association of Realtors. The overwhelming majority of real estate agents in the United States are members. And they subscribe to a higher standard than typical real estate agents, and they also have, in my opinion, access to some of the better training, uh, that is out there and available.
Unless you're a realtor, you typically cannot participate in National Association of Realtors training. Re real estate agents typically don't have a salary or an hourly rate. They work off commission, a hundred percent commission, and those agents who just enter the business are in a lower commission split, and then they grow up over time.
All real estate agents are typically paid through the listing agents or listing brokers written agreement with the seller, and then the buyer's agent gets paid from that same agreement as well. In other words, the listing agent shares his or her fees with the buyer's agent. According to this article, Mo uh, and Day gathered from move.org, Georgia was ranked the seventh most move to state in 2021.
Atlanta's currently the most populous city in the state of Georgia. 6 million of our 11 million residents live right here. If you're looking to sell your home anytime in the next six months, we believe we can sell your home for $28,000 more than your neighbor sold his or her home for. Go to Go gatis radio.com.
Click on sell for 28,000 more. This segment was brought to you by John Birchfield in Capital City Home Loans. He can be reached by calling 6 7 8 2 2 6 7 8 8 7. Gotta take a break. We'll be back. We're talking termite letters, termite bonds. How do they benefit sellers? How do they benefit buyers? Stick with us.
We'll be back.