Woodstock real estate data and home price trends are updated weekly on www.hounddogrealestate.com - just hit the Market Conditions link on the main menu. As stated by the President of the NY Federal Reserve, "If prospective homeowners no longer fear that prices could decline further, they will be more willing to enter the market to take advantage of reduced prices and low financing costs, and existing homeowners will feel more confident about spending." In short; appreciation isn't required; stability is.
Current data shows that values in the Woodstock real estate market have largely stabilized. Review of micro markets shows the expected mix but with many stable when viewed over the last six to twelve months. There are likely several reasons for this; the main ones being area desirability, good schools, economic stability and shrinking inventory. The low mortgage rates have obviously helped as well. Whether or not Woodstock has turned the corner remains to be seen but the signs of stability are certainly welcome.
For you Woodstock home sellers, success is predicated upon accurate PRICE, extensive EXPOSURE where the buyers are, and APPEAL to emotionally lock in a buyer. Each of these has to be aligned or the home will sit. You will see the most activity in the first 45 days - the buyers are scouring new inventory and if your home doesn't contract in that time it's likely to take a while. The market is always right and it doesn't care about what you think the home is worth, what you paid or what you put into it. Neither will that appraiser, if you're fortunate enough to get an offer.
For home buyers in Woodstock, stop obsessing about foreclosures and bank owned homes; most are not the bargain you think they are. Define success and act when it's found; thoroughly qualify your agent, find a home you want to live in, absorb all data and pull the trigger if things line up. You're not likely to buy a home at 60% of value - the REO game has completely changed and banks are aggressively chasing the highest prices possible. Foreclosures are a very risky buy for a ton of reasons - most are best left alone.
There is no set answer for the "how's the Woodstock real estate market" question; there are far too many variables. There are answers when we start looking at specific areas, zips or communities; we kick out answers daily at www.hounddogrealestate.com
I get surprised at the number of people that tell me they've "read me for months or years"; I enjoy writing. That said, this site is designed for the quick analysis so here's my single most important piece of advice for Woodstock home buyers and sellers: EDUCATE YOURSELF. Your agent will impact you financially both buying and selling. This should be a complete business decision - listings that languish, buyer opportunities missed, poor data analysis, contract negotiations screwed up, inability to take charge…cost you time and money. Aunt Molly, Eddie from the tennis team or Sally the hairdresser probably should be left alone. I cannot describe how fluid the real estate field is right now and it will remain so for the foreseeable future; experience matters.
Educate yourself, recognize the value of experienced agents and remember that nothing is easy right now. Drop me a line if you have any Woodstock real estate or appraisal questions hank@hounddogrealestate.com - www.hounddogrealestate.com.
ZIP Codes: 30189, 30188 Approximate Location Boundaries: South/South West Cherokee Country area
Location Characteristics: Woodstock, Georgia is located northwest of the cities of Marietta and Atlanta. This area includes the City of Woodstock and parts of unincorporated Cherokee County. It's influenced by Canton, Roswell, North Cobb, Acworth, and SW Cherokee County. The Woodstock area is considered one of the more desirable areas in metro Atlanta. Woodstock offers an abundance of shopping, great schools, and numerous recreational opportunities. Like many parts of metro Atlanta, Woodstock continues to grow adding both new residential development as well as retail and office space. It's easy to see why residents of Woodstock love living here!
Of course there are many many variables and data from adjoining areas will be mixed in, but to give you an idea of current value trends in the broad Woodstock market:
About HANK MILLER - Broker & Cert Appraiser:
Hank is a licensed broker and certified real estate appraiser in the state of GA. He has over 23 years of full time real estate experience and consistently ranks at the top of all Atlanta area agents in terms of overall production. He is known as much for his attention to detail as he is for his candor.
His background includes: •Georgia associate broker •Georgia certified appraiser,Fannie/Freddie/HUD approved •Accredited Buyer’s Representative (ABR) •Past Member Appraisal Institute (SRA) •Relocation certified (CRC) •New construction and development expertise •Fraud and foreclosure expertise •Expert witness in select cases •Consistent multi million dollar performer •Published author of several industry articles •Officer - US Army Corps of Engineers
He advises both buyers and sellers – call or email today to see how he can help you! Visit him on the web – www.hounddogrealestate.com
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
