jarvisteam's Blog: Market Conditions

In Georgia Real Estate, Realtors have a fiduciary responsibility to their clients.  Of course, if you are a customer then the default representation is back to the Seller.  So instead of just one trained negotiator you have two working against you.

Most buyers opt to have an exclusive buyer's agent to find their home.  It's not the smart REASON, but it's the smart decision.  Most buyer's agents will have a least a minimum understanding of the process that will far exceed the average buyer's.  However, a good Realtor can save thousands and save time by negotiation.

In fact, I don't believe my job is to find the home at all.  It's to get the best deal on the home that was described based on needs and wants.

If you're looking in Gwinnett County Real…

 As I recently posted on my Georgia Real Estate Blog, timing the market for real estate is a bad move.  Likewise, I think buyers are also asking the wrong questions.

It's not about how much the price goes up or down.  In Atlanta, swings of 3% to 5% are common, but it's rare to see the reported 20% decline in price that's on the nightly news. 

However, a small swing of .5% in interest rate is the equivalent to a 5% change in price.  That's 10 times the difference there.   So the real question is, WHEN WILL INTEREST RATES GO UP?  

Keep in mind Real Estate is a long term investment.  I've been saying it for years and Gary Keller recently repeated the same thing, "Real Estate is like a 'forced' savings account (when you buy right)."  What's buying "right?"…