The Atlanta luxury real real estate market is decidedly in favor of buyers at the moment with inventories running extremely high which presents a special possibility to leverage the market if you have decided to buy an extravagance home in Atlanta. The most important reason for the buyers market sets squarely on in simple explanation of an abundance of new construction luxury homes. This excess investment arrives in large part to speculative building on the part of installers who did not understand that the most recent real estate “boom” was beginning to reach a tipping point at the outset of 06\. Neglecting to recognize historical cycles and market conditions, the new construction extended in the luxury real estate market until it finally final reached the point where industry could no longer absorb the amount of new homes arriving on the market when in comparison with the number of luxury home sales. Nowadays that industry has altered, builders have been pressured to lower prices and make concessions to sell these homes or be forced to take a seat on the properties, tying up their cash flow and placing the brakes on new housing starts. The simple fact of the matter is there are as many potential buyers in the market for Atlanta luxury real property currently as there were one or even two years ago. Buyers have more choices. Jay Belson
This situation has established the perfect possibility to buy Atlanta luxury real estate right now. Timing is important when making such a significant investment of ones resources current slowdown in luxury home starts, inventories will get started to reduce, making now the best time to make your purchase. Since so many builder’s resources are tied up in the luxury homes at present available, there are not several homes coming on the market. This shows up to be the “bottom” of the Atlanta luxury housing market. So, if you have been on the sidelines, waiting for the right time and opportunity, you have found that time. An additional reward, if you prefer something other than new structure, is that this slow down and price reduction has effected luxury homes across the city, including reselling luxury homes in Atlanta’s most favored neighborhoods such as Ansley Park, Tuxedo Park and all forms of Buckhead.
Times have changed and the market is here for customers. So don’t sit by idly and watch as the market pendulum golf swings back the other path therefore you miss the opportunity. Leverage the industry and utilize the unique timing to your advantage. Hire a professional REALTOR who can describe your choices, check with with you about your options and represent you in your purchase of Atlanta luxury real property now!