Hey everybody!
I want to talk to you about a client of ours that called a couple of weeks ago asking about the Georgia Real Estate Market. And it kind of got me thinking about maybe this is the same situation that you folks may be in, maybe not. Being in real estate every single day, we see the numbers. And we just kind of assume that everybody knows what’s going on, but that is just not the case. So it’s obviously my responsibility to share with you folks what’s going on in the market so you can take advantage of a lot of the opportunities that are actually occurring right now.
So when the client call me a couple of weeks ago we had talked about 3 years prior to that about their existing home, which they were kind of outgrowing. They weren’t real happy with it. It was a little bit too small for ’em. They wanted a little bit more land. They were in a subdivision, but the numbers just didn’t make sense to them about three years ago.
So a couple of weeks ago, they gave me a call and they said, “Hey I know the Georgia real estate market has been going up. “And just kind of curious of what the house might be worth “and if we can sell it?” And their main concern was, can they find anything, right?
So at the time, three years ago when we looked at the house, it was, I estimated about $270,000 on the market. So we did some numbers, called ’em back, sat down with ’em, and told them we could sell the house for $403,000 now. Now, this is two and a half, almost three years later. And they just about fell out of their chairs. And I was just kind of surprised.
I mean it’s my fault for assuming everybody knows that the market has gone up that much over the last two and a half, three years. Obviously, they’re not in the business. So shame on me assuming that my clients actually knew what was going on. So once again, that prompted me to make this video.
So long story short, they were absolutely all over it because now they got a pile of money, right? They got a whole bunch of equity which they can use and go out and find a house. So the second problem was they got to find a house, right? So that’s what we did. We got busy, and we worked, and we finally found them a house that was on one and a half acres in Bartow County, but it was perfect for them. It was a little bit bigger. They got a little bit more space. They got a lot more land than what they were in. We ended up putting a contract on that house, got the contract, and everything worked out great for ’em, right?
We immediately put the house on the market as soon as we had that contract. We negotiated some staying time. So if there was an overlap they wouldn’t own two houses at once and they wouldn’t be homeless. So we negotiated some time for them to actually stay in their house until we could close on the property up in Ellijay, which worked out just beautifully.
So they’re happier than happy. They got rid of the house that they really didn’t enjoy. It was getting really small for ’em. There wasn’t enough room for them all. Now, they’ve got this beautiful property that they absolutely love and are super happy.
So the real question now is, is your current home working out for you? Or have you had changes over the last couple of years, two, or three years that are prompting you to go out and find a house that better fits the needs that you currently have? Do not waste this opportunity that we have in this market. Most people have seen at least 20% appreciation over the last year, after, over the last two years probably 35%. And I would hate for you to miss this opportunity, not take advantage of it, and for, and stay in a house that you’re not happy with for any longer than you have to.
So anyway, I just wanted to share that. Call me, send me a text, whatever you got to do if you have further questions about how this whole thing works. And I really want you to take advantage of what’s going on in the market right now. And 2022 is a great year to go ahead and do that. So I hope everybody is having a good one. And we’ll talk to you later, thanks.