Hot Atlanta, GA real estate opportunities in 2021 by Sergey Krayev
Top Atlanta, GA real estate strategies 2021 by Sergey Krayev? Home prices increased a lot in 2020 and the speed of appreciation seems to continue in 2021. March’s sales were 32.5% higher than in February, which is a positive sign even though buyers are facing some real challenges with low inventory levels. The median sales price rose 15.8% year over year and 5.1% month over month to $330,000, according to the Atlanta Realtors Association. Metro Atlanta housing market has experienced a very strong recovery by far. Despite unemployment and uncertainty, the greater Atlanta residential real estate market performed extremely well during 2020.
One of the biggest reasons for a strong real estate market continues to be the extremely low interest rates that are enticing buyers into the market and giving them more buying power. Even as home values continue to rise, low mortgage rates give buyers more buying power. It’s not only low interest rates pushing up prices to record highs. A lack of homes for sale is a big part of it too. 2021 will be defined by low interest rates and low inventory, a perfect storm that will continue to push home prices higher.
Sergey Krayev real estate suggestion of the day: This is where the groundwork is laid for the search for your new home. There are several points you should cover in your initial consultation. For example: Define your needs; the number of bedrooms and bathrooms, size of the kitchen, where you want to live, your price range, timeline, etc. Determine when and how often you can look at prospective homes. Verify your contact information and how you want to be contacted (email, phone, etc.) Ask your agent about financing. They can explain the different types of available loan programs, and refer you to lenders that can answer specific questions. Review the paperwork. While not necessary at this point, reviewing paperwork will allow you the advantage to ask questions about documents before it’s time to sign them.
Georgia is a very good state to do business in. This migration has been made possible the state’s consistent ‘best state for business’ rankings. Atlanta has been one of the hottest real estate markets in the country for years. It is also one of the hottest real estate markets for investing in rental properties. Population growth has had a positive impact on the housing market in Atlanta. Nearly 285,000 people moved to Georgia in 2019, according to the most recent data from the U.S. Census Bureau. Area Development magazine named Georgia No. 1 for business – for seven straight years (2014-20). Nine out of 10 Fortune 500 companies have operations in Georgia – and 18 of these have made Georgia their world headquarters.
What is attractive about the Atlanta market is a warmer, moderate climate, more reasonable prices for both luxury and affordable real estate as compared to larger metropolitan areas. Our spacious, state-of-the-art newhome projects located in most desired areas of Atlanta are getting increased showings daily says Royal Oak Developers Managing Partner Sergey Krayev.
Sergey Krayev is a Managing Partner at Royal Oak Developers, a full-service development company driven by an internal team of talented professionals, with a full spectrum of all phases of real estate development experience over the last two decades. Despite a global reach, the company’s core focus is on the Atlanta market, with an impressive portfolio of residential, commercial, and mixed-use projects.
About Sergey Krayev: Sergey Krayev is a marketing expert and online business professional. The proud American immigrant of Moldovan origin who settled in Buffalo, NY, in his childhood immigrated with his family to the United States from Russia in pursuit of their American Dream. Sergey Krayev lives in Johns Creek, Georgia; and previously lived in Roswell, Georgia, and Marietta, Georgia. Sergey Krayev currently works as Managing Director at Partnership Network. Partnership Network is located in the Greater Atlanta Area with a focus on the development of partnership marketing channels globally with a focus in tech startup segment offering program analytics and optimization and go-to-market strategy development and implementation.