Atlanta's Real Estate Pulse, the Festival of Trees, and the Risks of DIY Home Sales
Welcome back to another week's edition of Go Gaddis Real Estate Radio right here on AM 920 The Answer. I'm Cleve Gaddis. In this first segment of the show, we've got our Metro Atlanta residential real estate update for the last seven days. Why do we look at it on a seven day basis? Because it helps us see patterns that are being established in the market way before anybody else does.
And our Something You Should Know About Atlanta segment, we're covering the Georgia Festival of Trees. And are there risks involved in selling your home on your own? My name is Cleve Gaddis. You're listening to Go Gaddis Real Estate Radio, where I have taken what is probably a little bit of a personality flaw, if I could be honest with you, in myself, in that I always want to know everything I need to know before I make any decisions.
It's interesting, as I grew up, I felt like if I was better educated on a particular subject and had more ammunition, was armed with more facts and figures and data, it Then I could make the decisions that were best for me. And in some cases I could make decisions that were significantly better than the people I was negotiating with or doing business with.
I have been in, I've been an entrepreneur since I was a kid. I mean, I cut grass as a teenager. I grew a little landscaping business, which I sold. Went to work for Electrolux, taught people how to sell vacuum cleaners door to door in Indianapolis, in Atlanta, and over in South Carolina, North Carolina, part of Georgia, and then all up in the Midwest U.
S. And so, I believe knowledge is power. Now, I'm not telling you that I know what you need to do. Because I don't know what you need to do, but I think I know the things you need to know before you decide what you want to do. So, our goal here is to help home selling and home buying be done with total confidence and without all the worry that is so typical with life's biggest investments.
And remember, we want to connect with you. We truly do, and it is easy. Go to gogaddisradio. com, G O. G A D D I S radio dot com. You can ask questions. We answer on air off air You can make comments or push back or share ideas with us. We love it If you do that You can ask for us to do some additional research on your neighborhood over the last three years to help you understand whether or not You as a homeowner in the neighborhood might have a particular advantage and you can also subscribe to our podcast.
We would love for you to become a podcast subscriber. Let's jump in real quickly and take a look at the Metro Atlanta real estate market over the last seven days. The number of new listings that have come on the market in the last seven days, 1, 969. 909 homes went under contract. It doesn't mean 909 of the 1969.
It just means 909 went under contract, which means we have a thousand more listings at the end of the week than the beginning of the week. Now we might have some expired. We might have some withdrawn. So we might have listings coming off of the market at the same time. So I don't know for sure that the full net increase is a thousand, but my point for you.
Metro Atlanta homebuyers is that if you don't feel like there are enough choices out there for you in the market right now. Currently today, there's a thousand more today than there was the same day last week. We had 1, 417 closings for the week and 1, 733 homes with a price decrease. Now I can't tell you that that's the largest number that I've seen in any week this year, but to me, it seems like.
That's the largest number I remember. That means 1, 733 home sellers in Metro Atlanta decided, Hey, I'm more motivated to sell my house this week than I was last week. So for all of you buyers who feel like you've been locked out of the market, and I know that today's high interest rates frustrate people and some people don't want to move forward buying a house, and I get that.
You need to buy a house when it's the right time for you. But there are some of you out there listening that it doesn't matter, as long as you can afford the down payment, as long as you can afford the monthly payment, you don't really care what the interest rate is. Because you want to buy a new house, you need to move on, you've had some life change that has made you very, very motivated.
But 1, 733 times sellers raised their hand saying, I am more motivated. We believe people who live in Metro Atlanta don't always know as much as they should about Metro Atlanta because... Many people were not born and raised here. And even those of us like me who were born and raised here, we don't know everything about Metro Atlanta.
We might know more than some, but I'm always learning new things. Atlanta is an amazing city. I'll give you that our traffic is not necessarily the best, but our amazing, Atlanta is an amazing city with so many opportunities of things to see and do. And this week we're talking about the Georgia Festival of Trees.
November 18th through the 26th at the Georgia World Congress Center. You can kick off your holiday season. With the Georgia Festival of Trees, it is fun for all ages and includes a forest of dazzling, fully decorated Christmas trees that are available for auction. Also has children's activities and live entertainment and boutique gift shops from local artisans and sugar cookie decorating.
That sounds fun. And Christmas gingerbread competition, food, and so much more. It's sure to become a memorable family tradition for years to come. The annual event serves tens of thousands in the Atlanta community by providing families with a festival full of wonder and fun. The festival benefits the charity partner Street Grace, which works to end commercial sexual exploitation of children.
And man, that is... And there's something right there that needs to be stomped out in the community. And Atlanta Redemption, Inc., which provides survivors with hope as they rebuild their lives. This is an Atlanta based non profit organization looking to make an impact on our beloved state of Georgia. Visit GeorgiaFestivalOfTrees.
org for more information. How about, have you, we've talked about, uh, being a real estate agent and what it's like on past shows. Um, we've talked about how much time, money and expertise is needed to be successful. Really? How much stick to it? If this is needed to be successful and selling a home on your own might be tempting, but there are tasks that you'll have to do yourself that you might not be qualified for doing.
Now, if you are listening Thinking, well, Cleve is a real estate agent. He gets paid by helping people buy a cell home. So naturally his position would be that, um, you, we don't want to, um, we don't want you to sell your home. We want to sell your, we want to sell your home for you. Okay. Well, that makes sense.
And I, and, and I give you that. Um, but there are some risks of selling your house. So if you're listening to this and you're thinking about selling your house as a for sale by owner or a FSBO, F S B O, it's important to recognize the challenges you may face by taking it on by yourself. Number one, you may not price the home right.
Pricing your home right is key to a successful sale. Real estate agents have experience navigating this housing market and understand the art of pricing a home to sell today. Unfortunately, homeowners who sell on their own often lack this all important experience and it can lead to two common consequences.
Number one, overpricing, or in my opinion, even worse, underpricing the home. If you run the risk of... Overpricing your home, you run the risk of buyers not seeing the listing. But if you price the house too low, you could end up leaving in many cases, some serious cash on the table. Don't risk this. Our suggestion is that you partner with an agent to make sure your house is priced at current market value.
So it catches the eyes of eager buyers. This will put your house in a position to make the best first impression. Number two, you don't have as much experience in marketing the home, and this digital age online marketing has become a real game changer, especially when it comes to selling your home. If you're attempting to sell your house on your own, you might find yourself missing out.
On the full power of online and social media strategies. So you want somebody to market your house, hire somebody who has experienced marketing your house. It might make a difference in your sales price. And number three, you might not be comfortable handling all of the back and forth. One of the things that I can tell you is that in real estate as a real estate professional, you better get good at having back and forth conversations.
If you're selling your house on your own, when you decide to sell it, you're not just on a quest to find a buyer. You're also stepping, stepping into that world of negotiations. You'll have to coordinate with a bunch of people, including the buyer, the buyer's agent, the inspection company, the appraiser, the termite company, the septic inspection company, the well inspection company, all that kind of stuff.
It's a dance, really, where every move counts, and the expertise and experience of a real estate agent can make a world of difference in keeping these negotiations on track. And really sealing the deal, NerdWallet says, your listing agent will also, of course, be on your side throughout the negotiations.
They'll double check paperwork that comes through, communicate with the buyers, agents, and other parties to the sale, and generally, stay on top of things through closing day. If you're thinking of listing your home for sale by owner on your own, we We invite you to reach out to us at 770 497 0000. Cause maybe you'd choose to list your home with us instead.
If you're looking to sell your home anytime in the next six to 12 months, believe it or not, we believe we can sell your home for 28, 000 more than your neighbor sold his or her home for. And that's right. Now, does it happen every single time? No, because some houses are already in absolutely picture perfect shape, and that takes away our magic bullet, if you will, because the way we know that given your specific situation, we're able to help you sell for 28, 000 more than your neighbor is, we're going to put your home in a different category, according to the buyer.
We're going to cause your home to be perceived differently by buyers, so they're willing to pay more. For those of you who are not in the real estate market, which is most of you, you probably think, well, there's not that much difference in what a home in this condition would fetch and a home in this condition would fetch.
But that is not true. That is anything but the truth. The reality is in today's world, the condition of a home can make a big, big difference on your sales price. So for our sell for 28, 000 more program, you get a customized maximum value plan and. Up to 15, 000 in rehab and refresh budget that is designed to make your home stand out from the crowd.
Go to go get us radio. com. Click on 28, 000 more, put in a little information. We'll get back to you immediately and we will put our expertise to work for you. Helping you make more money. Don't forget mark your calendar Saturday, November the 18th from 10 a. m. To 3 p. m We've got our modern traditions holiday extravaganza, and I'm excited about it.
I will be there myself personally from 10 a. m. To 3 p. m You can get your pictures made with Santa you can pick up a free pie for Thanksgiving You can have other fun activities. You can sign up on gogaddisradio. com. That's G O G A D D I S radio. com again, holiday extravaganza, Saturday, November 18th, 10 to 3, 10 a.
m. to 3 p. m. I'm looking forward to listening to some, meeting some radio show listeners. This segment of the show is brought to you by John Burchfield and Capital City Home Loans. John makes it his mission to guide each homebuyer step by step through the entire loan process so they're educated and confident in the mortgage options available.
He can be reached by calling 678... 2267887. We're going to take a quick break. When we come back, our expert advisor, John Burchfield discusses the positive side of the housing market. There is one. Stick with us. We'll be back.