Many of the people I see ask me how the Alpharetta and Johns Creek real estate market is performing as the new year gets underway.  So, do you want the good news or bad news first? I’d rather give you the bad news first, so we can end on a positive note.

The Bad News

• January 2009 sales are down 50% compared to sales at this point in January 2008
• Homes prices are softer than this time last year (good news if you are a buyer)
• Financial markets are still uncertain which works against large decisions such as home purchases

The Good News

• Interest rates are fantastic!  (it is time to refinance or make a new purchase to take advantage of this temporary situation)
• We are closer to a turn-around than we were a year ago
• Prices for home repairs and services are attractive (shop around and you will be happily surprised)
• The slow market has weeded out many substandard real estate agents, loan officers and closing attorneys
• Spring is just around the corner and now is the perfect time to position your home to sell this year

I tend to focus on the positive. Right now is the time for action. Whether you are a buyer or seller the time for you is now.

Buyers have not had it this good for a long time. Interest rates are so low it is almost ridiculous, inventories are still high and great values can be found. No excuses – get out there and buy a home now!  Those that do will look back in the years ahead and be very happy that they were able to take advantage of this window of opportunity.

Sellers may be in position for a bit of a turn around. The spring selling season is just ahead and there is pent-up demand due to the recent slow market. I am starting to see an increase in showings in the past couple of weeks.

Get your home in top shape by taking advantage of the great values offered for home improvements by hungry contractors.  Stage your home. You must have it show its best! Get an experienced agent to help you price and market your home correctly and you will get the results you want.  Then get out there and get a great deal for yourself.

This is going to be a great year for me.  Will you make it one for you?