New Year, New Strategy

The low, low real estate prices of 2008 may very soon be a thing of the past for Fulton County including Sandy Springs, Atlanta, Roswell and the like. 

How?  Fulton County has applied for federal funds available through the Neighborhood Stabilization Program, for which they have to provide a detailed plan of where they want to use the money.  The goal is to purchase, renovate, and resell foreclosed or abandoned homes and apartment complexes in various parts of the county. 

This is wonderful news for Owners and Sellers that have cringed as they watched the market rate for their real estate properties drop drastically over the past year due to the uptick of nearby foreclosures.  However, for Buyers and Investors, who over the past year have surely felt like children in a candy shop, the great deals of 2008 may be a thing of the past sooner than expected. 

What’s this all mean?  Well, studies are still pointing towards Metro Atlanta returning to a Seller’s market around 2010 and with these federal funds, we are going in the right direction to make these predictions a reality.  So now very well could be the best time to buy for years to come - we may never see home prices this low again, making it very important to enter 2009 with new strategies whether you plan to buy or sell real estate to ensure your investments are profitable.