April 2nd, 2013 by Carmen Gutierrez
The Real Estate Market in Cobb County has changed from having a high inventory of houses to a shortage of houses for sale. Nowadays is more common to find that houses listed at a fair price won’t last in the market, those are selling faster and, in many cases with multiple offers at a time that reach or get over the listing price. The low supply on the inventory has caused higher prices. That’s the reason why the scenario has changed. Today sellers are taking the control of the market and taking advantage of the high volume of buyers vs. the lack of houses for sale. To all the people who decided to wait for the Real Estate crisis to overcome, now is the time to get out and sell their houses. It is the time to get a good deal before the new construction starts to strongly compete in the market. Meanwhile, Buyers need to act fast, following the market trends and being prepared for the competition with other buyers. Keep in mind that prices are still low and interest rates vary from 3.5% to 4%.