Alpharetta Cumming Lake Lanier Real Estate Blog: Buying A Home: Alpharetta and Cumming Best Bet

Alpharetta and Cumming GA Real Estate | Mike & Melody Vanderhoff
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Vanderhoff Real Estate's North Fulton Blog

Monday, February 05, 2007

Buying A Home: Alpharetta and Cumming Best Bet

Are you in the market to buy a home in Alpharetta or Cumming, Forsyth County this year? There are quite a few homes on the market right now, so you, as the buyer, have the comfort of being picky. Who knows, your dream home may be out there right now. But, there is one very important factor to consider in the current Alpharetta & Forsyth County real estate market: The bottom-line price. You may be thinking, "of course, price is the most important factor". But, it's not what you can afford, it's how much instant equity you will have in the home you are about to purchase.

Homes in this area have seen such a fast appreciation in the past few years, that the market price had to level off, or ultimately crash. Fortunately, prices have leveled off, and you should not see such rapid escalation of housing prices. This is good news for the real estate market, as we are already seeing homes moving again. Home prices were just rising so much, that they were beginning to exceed the average home buyers' price range. So the market has improved, and home prices should remain on a steady, realistic rise for awhile.

In this changing market, though, many sellers have not realized the pricing slow down. Whereas one year ago, they may have been able to sell their home at a $50k gain, they just cannot sell it at those prices now. But many sellers are starting to realize this, and dropping their prices. The most important thing you can do, as a buyer, is to make sure you have a qualified Realtor who is able to give you an honest assessment of how the price of your next home rates in comparison to other homes that have sold recently and are currently on the market. Financially, you should choose a home that has some instant equity. Again, this sounds obvious, but when you are searching for that perfect home, you may be tempted to overpay. In the past few years, you would not suffer for it, but in today's market with prices leveling, you might be in trouble if you had to move again anytime soon. And, you may say, "well, this is our dream home, and we plan to be here for a long time". Let me just tell you, that circumstances change, and too often we see "dream homes" being sold within a year.

So, be picky, and find the home that suites you or your family best, but also factor in how much equity is in that next home when you buy it. You will not regret it.

# posted by Mike & Melody Vanderhoff @ 10:44 AM


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Alpharetta and Cumming GA Real Estate | Mike & Melody Vanderhoff
About Mike & Melody Vanderhoff's Cumming, Alpharetta and Dawsonville, GA Real Estate Website: The www.vanderhoffrealestate.com web site provides Cumming, Alpharetta, Dawsonville, the Polo Fields, Ball Ground, Dahlonega, Gainesville, Lake Lanier, Riverstone Plantation, as well as Georgia's Forsyth, Dawson, East Cherokee, Lumpkin and North Fulton Counties , Georgia real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Cumming, Alpharetta and Dawsonville area. Mike & Melody Vanderhoff (somtimes spelled as Mellody, Melodie, Mellodie, Vanderhof, or Vander Hoff) has services to help you get the best value for your Cumming, Alpharetta and Dawsonville home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with a  Cumming, Alpharetta and Dawsonville REALTORs who know  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Cumming, Alpharetta and Dawsonville, GA, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Mike & Melody Vanderhoff can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Mike and Melody speak  your language.
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