A Tale of Two Real Estate Markets in Atlanta

Our weekly Keller Williams sales meeting was really interesting yesterday. Our Broker, Cynthia Lippert described how there are two markets going on out there. Most people are hearing about the buyer's market, typically identified by 6 months or more of existing inventory. The second market she described was a seller's market. Now how can that be? The seller's market is taking place amongst the foreclosures and short sales that are priced properly and way below the market. Those homes are having multiple offers with little or no contingencies and often selling for more than asking price with one or more backup offers. These two markets are very different and a buyer's expectation in each should be equally as different.

I am going to a class today at the Atlanta Board of Realtors to fine tune my short sale skills and learn more about how to handle buyers and sellers in the process. Typically we don’t get involved with banks, the FDIC, Freddie Mac and Fannie Mae but those times are changing if you are involved in these types of sales.

If you have any questions about the process, please let me know and I will do my best to answer them.