The big question on everyone’s mind after the crazy year of real estate in 2021 is what will happen with the housing market in 2022? Will the housing market continue to follow the same pattern as it did in 2021 or are we facing a downturn?
Let’s take a look at what the market did last year. In the past 12 months home prices appreciated and the direct result, due to record-low inventory, was escalating home values.
Experts project an improvement to the inventory situation in the coming year which will slow price appreciation. So, does a slowdown in price appreciation in 2022 mean that houses will depreciate? Industry experts don’t think so, instead they are projecting a modest appreciation of around 5.1% over the next 12 months as compared to a 20% increase that was seen in 2021.
What can we expect from mortgage rates?
Last year saw the lowest rates in the history of real estate. However, if you have clients waiting for interest rates to come back down to those rates, they may be waiting a while. The good news is that experts are projecting mortgage rates to only increase slightly. The best advice you can give buyers who are playing the waiting game, is that a rise in mortgage rates coupled with continued home price appreciation only means one thing: paying more for the same house they’d buy now.
Will Housing Inventory Increase in 2022? Experts anticipate a rise in inventory based on the large amount of equity homeowners nationwide accumulated in 2021. According to market statistics, homeowners gained an average of $56,700 in equity over the past 12 months, which is a huge incentive for sellers to list their home.
Will more inventory will help today’s competitive market, it doesn’t mean prices will fall or that homes will become more affordable. It just means there will be more homes available to choose from and purchase.
Will more inventory help today’s competitive market, it doesn’t mean prices will fall or that homes will become more affordable. It just means there will be more homes available to choose from and purchase. There is still a lot of motivation for buyers and sellers due to a projection of rising inventory and low mortgage rates, which means both sides of the real estate transaction stand to benefit from making a move this year.
The Bottom Line
We can project the future based on current real estate trends, but we certainly can’t predict it. While the 2022 housing market isn’t expected to be as crazy as 2020 or 2021, it’s important to stay on top of the latest insights because there are so many factors that can alter the course of the industry. Whether you’re looking to buy or sell Robb Realty Group can sit down with you and customize a plan.
Johns Creek, GA, is a young and thriving city and was only given "city status" in 2006. Johns Creek has excellent schools and low crime and poverty rates. It is known to be a welcoming and friendly area. There are many exciting things to do and a vast number of places to dine at as well.
Johns Creek is a beautiful city in the state of Georgia and is home to several fantastic golf courses and incredible fine-dining restaurants. There are a number of prestigious country clubs and meticulously manicured public parks throughout the neighborhoods. Johns Creek is a beautiful area to spend time outdoors.
There are many diverse shopping opportunities in Johns Creek, along with many employment possibilites. Johns Creek, GA, is an all-around great area for individuals, couples, empty-nesters and families.
Alpharetta is a city in Georgia that around 60,000 residents call home. Between the incredible location between Atlanta and the North Georgia Mountains, endless things to do, and the opportunities in the area, many people want to relocate to this magical city. With convenient access to endless activities and things to do, the mission of Alpharetta representatives is “To make a positive difference in the community by efficiently managing public resources and providing effective services and leadership that exceed the expectations of our citizens.”
Alpharetta is considered the number one place to move in America from Forbes Magazine. One of the aspects that makes Alpharetta so great is the number of top private schools in the Atlanta area. All parents want their children to have an excellent education, and living in Alpharetta makes that dream a reality. Here are some of the best private schools in Alpharetta, GA.
1. Fulton Science Academy Private School (PK - 12)
3035 Fanfare Way, Alpharetta, GA 30009 | (678) 366-2555
Fulton Science Academy Private School is not only one of the top private schools in Alpharetta, GA, but it’s one of the top private schools in the entire state. It’s a nationally-recognized institution for STEAM and gifted curriculum. The reputation of this school is simply incredible—the students at FSAPS rank among the top 1% in all subjects. If you have a gifted student and are looking for the best education for them, Fulton is the place to get it.
Student Review: “I love my experience with the Fulton Science Academy school. The teachers here are amazing, and I love the school community’s sense of family. I also love the focus on STEM and the immense dedication of all the teachers.”
2. Fusion Academy Alpharetta (6 - 12)
10000 Avalon Blvd., Suite 150, Alpharetta, GA 30009 | (470) 339-7224
Fusion Academy offers students a completely personalized approach to education. This school offers one-on-one classes for middle and high school students: one student, one teacher. This classroom style allows teachers to customize the curriculum to your child’s learning style, ensure they get the very most out of their education, and help them achieve a proper level of understanding.
Student Review: “Finding Fusion was one of the best things that happened to me. Being in a one-to-one environment with a teacher allows me to be challenged, but also learn at my own pace, maximizing the efficiency of the curriculum.”
3. Mount Pisgah Christian School (PK - 12)
9820 Nesbit Ferry Road, Alpharetta, GA 30022 | (678) 336-3400
Mount Pisgah Christian School is one of the top private Christian schools in the Atlanta area. While there is a significant focus on religious studies, Mount Pisgah also places significant focus on academic, arts, and athletic programs, offering students a well-rounded education. The school is known for its personalized approach to student learning, developing students ready for post-secondary.
Student Review: “Over my four years at Mount Pisgah, I have loved the environment of the school. The teachers and students are always there to give a helping hand and make the school feel like a family. The yearly trip to Sharptop Cove is a unique experience that is a treat for every Pisgah student and the place for lasting memories and friendships to be made. Overall, Mount Pisgah is just a great school that lives up to its commitment to prepare its students for college and allows a student to grow and mature along their way.”
4. Holy Redeemer Catholic School (K - 8)
3380 Old Alabama Road, Alpharetta, GA 30022 | (770) 410-4056
Holy Redeemer Catholic School has a rigorous and challenging curriculum that pushes students to their full potential. Combined with the caring and supportive nature of the faculty, Holy Redeemer produces students who are well-rounded and ready for the next steps in their education. As one of the top private schools in Alpharetta, it’s no surprise that parents who want an excellent education choose this institute.
Student Review: “Great experience all the way around--academics, sports, and technology.”
5. Alpharetta Christian Academy (PK - 6)
44 Academy St, Alpharetta, GA 30009 | (770) 475-5762
Alpharetta Chrisitan Academy is considered one of the top private schools in the Atlanta area. ACA is a First Baptist Church of Alpharetta ministry and consists of two levels: Preschool and Elementary. The students of ACA are privy to a diverse education beyond religious learnings. With classes in art, Spanish, music, computer learning, physical education, media, and chapel, students of ACA receive a well-rounded education. Students enjoy field trips, community involvement, and so much more.
Parent Review: “ACA is like my second family. All 3 of my children have attended Alpharetta Christian Academy and have come out on top academically and spiritually as they have moved on to middle school and high school. My youngest daughter is a 5th grader this year. She started ACA in preschool as a three-year-old. My family has been so blessed to have Alpharetta Christian Academy as such an important part of our lives.”
Related Post
The Number 1 Guide to Moving To and Living In Alpharetta, GA
6. King’s Ridge Christian School (K - 12)
2765 Bethany Bend, Alpharetta, GA 30004 | (770) 754-5738
King’s Ridge Christian School boasts a reputation of being a different kind of student learning experience. With a rapidly changing world, King’s Ridge aims to prepare students for college, equipped with the skills to navigate change and education. With small class sizes, customizable education options, and a supportive environment, King’s Ridge is one of the top private schools in Alpharetta.
Student Review: “I’ve been a part of the school forever, and I’ve always loved the family-oriented community. It provides a safe environment for kids to grow up with support and community on their way to college. I would always recommend it.”
7. Pinecrest Academy (PK - 12)
955 Peachtree Parkway, Cumming, GA 30041 | (770) 888-4477
Located just outside of Alpharetta in Cumming, Pinecrest Academy is a college preparatory Catholic school that is one of the top private schools in the area. In 2014, Pinecrest was named a National Blue Ribbon School. The school works hard to maintain its 100% graduation rate, and 2020 graduates received $11 million in scholarships. The critically-acclaimed institution offers a supportive atmosphere but expects a high level of learning from students. The school fosters an environment of critical thinking, reaching potential, and rigorous learning.
Student Review: “Great School, I am one of nine kids, and this school has prepared us for college, but most importantly, life.”
8. McGinnis Woods Country Day School (PK - 8)
5380 Faircroft Drive, Alpharetta, GA 30005 | (770) 664-7764
Since 1999, McGinnis Woods Country Day School has provided a non-parochial education to Alpharetta students. The school has recently added a middle school and gym to the building. McGinnis Woods is accredited by GAC, SACS, and NAEYC. The school aims to inspire students and excel in their passions. With hands-on learning and an environment that builds confidence and a love of learning, McGinnis Woods is one of the top private schools in Alpharetta. The school offers some of the best educational resources to ensure that students get the best education based on their diverse and unique learning styles. Small class sizes, STEM activities, projects, technology, and the curriculum make your child’s time at McGinnis Woods one of the best experiences in Alpharetta.
Student Review: “There’s a library and a computer lab. And the guidance counselor was always helpful with my problems.”
9. Montessori Scholars Academy (PK - 5)
13100 Morris Rd, Alpharetta, GA 30004 | (770) 754-0777NS-566
Montessori Scholars Academy is considered one of the best private schools in Alpharetta, GA, due to the quality, extracurricular offerings, and faculty. With 90% of the teachers there having advanced degrees, the school is one of the top in the state. The school strives to build confident, secure, disciplined students who want to engage in lifelong learning.
Parent Review: “My son has been going to this school since August 2015, and we absolutely love it. He has learned a lot in this school, especially when it comes to being creative and independent… He loves his friends and his teachers. This is an AMI-certified Montessori school - one of the very few in North Fulton. The premises is very big and extremely clean. While researching the best preschool for our son, we had been to almost every daycare and preschool within a 5-mile radius of our home in Alpharetta, and we liked Montessori Scholars Academy the best in every way.”
10. Mill Springs Academy (K - 12)
13660 New Providence Rd, Alpharetta, GA 30004 | (770) 360-1336
Mill Springs Academy is one of the top private schools for many reasons. Students love the supportive and engaging environment that the teachers foster. Mill Springs faculty work hard to help students achieve their full potential with a challenging curriculum, a structured environment, and offering a variety of strategies for different learning styles.
Student Review: “Mill Springs has allowed me to develop confidence in my abilities. I have improved in all of my subjects. This is because the classroom sizes are much smaller, and the teachers work closely with you.”
Robb Realty Group, located in Atlanta, Georgia is a highly skilled and knowledgeable real estate team. Robb Realty Group is committed to their key core values of honesty, integrity, passion, and commitment when working together. Whether you are buying, selling, or curious about the market, Robb Realty Group has the answers.
A local Cummings, GA real estate agent is ready to help you find your dream home!
There’s no place like home for the holidays, making it a great time to check out holiday light displays in some area neighborhoods. Here is a list we’ve put together some of the best neighborhoods and light displays in Johns Creek, Alpharetta, Duluth,Cumming and Roswell.
Ashebrooke Night of Lights in Cumming - Sunday, December 19th at 6pm. 5020 Luke Dr., Cumming
On one amazing night, homeowners in the community of Ashebrooke in Cumming put together their passion and desire to “bring joy, community spirit and lots of lights” to raise money for a good cause. This year the event will benefit two Ashebrook faililies In need go to their websit to read more http://ashebrooke-nol.com/ Donation buckets will be located throughout the neighborhood
. Out of the 310+ properties in Ashebrooke, generally 90% participate! According to the organizers, in past years there have been Santa sightings, falling snow, reindeer, bag pipers and a live nativity scene. The drive through the neighborhood can take an hour or more, but it’s worth it. Ashebrooke is located near the intersection of Kelly Mill Road and Bethelview Road in Cumming, GA.All traffic must enter at Luke Drive and follow the traffic pattern as indicated on the map (right). Only right turns are permitted on the Night of Lights to ensure the proper flow of traffic.Visitors may not park on the streets or turn around since traffic will be one-way only for the duration of the event.
Christmas in Castille in Alpharetta (Forsyth County side) - Thursday through Sunday December 16th-18th, 6-9pm weather permitting
Tune your radio to 89.9 FM and experience a phenomenal 15 minute light display with over 59,000 twinkling set to a four song playlist. Christmas in Castille is a home in the Castille neighborhood in West Forsyth county in Alpharetta. The Castille neighborhood is typically gated, but the gate will be made open each night for the display, which gives you a great opportunity to check out what makes this neighborhood so great. Hours of operation are 6:00 pm - 9:00 pm Thursday through Sunday December 16th -18th. The home is located at 4220 Tivoli Way Alpharetta. http://www.christmasincastille.com/
Emory Hospital Johns Creek Free Drive-through Christmas Light Display 2021
If you're looking for a really good drive-through display of Christmas lights, but you don't want to drive out to Lake Lanier or Calaway Gardens to save both time and money, you'll find free a Christmas Lights Display on Hospital Parkway in Johns Creek by Emory Hospital for the month of December.
Starting at the south end of Hospital Parkway, (that is Medlock Parkway) there is nearly 2 miles (one mile in each direction, separated by a wooded median) of displays of Holiday Lights by the Emory John's Creek hospital in Technology Park. It is available free to the public through December 31st. It is sponsored by the Johns Creek Owners Association and Emory Johns Creek Hospital.
You can start at either end of Hospital Drive, but you will want to turn around and come back, as there are lights on both sides of the road, which has a wide median with trees and other obstructions.
turn around and drive to the McGinnis Ferry end of Hospital Parkway:
6300 Hospital Pkwy, Johns Creek, GA 30097
It is a divided 2 lane road with a wide landscaped median, so you need to turn around at the traffic light and return to the starting point to see all of the displays.
Technology Park at Johns Creek
6375 Hospital Pkwy, Johns Creek, GA.
Duluth Christmas House in Duluth - Nightly through December 29th
Once again for the 2021 season, we WILL NOT offer our walk through display due to COVID. This decision was based on the current CDC information and the fact that we want to keep everyone safe. THIS IS A DRIVE BY EXPERIENCE ONLY.WHAT: Duluth's Christmas House is a local family run Christmas light display in Duluth, Georgia. Our display was started in 2017, as a small, walk through display with about half of the decorations that we have now. Our only goal is to spread joy and the Christmas spirit to all. Once again for the 2021 season, we WILL NOT offer our walk through display due to COVID. This decision was based on the current CDC information and the fact that we want to keep everyone safe. THIS IS A DRIVE BY EXPERIENCE ONLY.
WHERE: We are located at 2929 Mockingbird Circle in Duluth Georgia. We anticipate large crowds so please be patient on the weekends and the week before Christmas Day.
WHEN: Our 2021 display will be illuminated on Thanksgiving night, Thursday, November 25th and will continue through December 29th. Our hours are 6pm until 10pm nightly.
COST: As always, our display is free. There is no need for tickets. Our 2021 holiday canned food drive will be held once again for the food pantry at Duluth's First Baptist Church. We will be accepting NON PERISHABLE food items nightly. There will be a plastic bin located at the end of the drive way to place your donations in. On peak nights, there will be someone outside to collect your donations. There will also be a cash donation box at the end of driveway for any monetary donations. Our 2021 goal for items collected is 1,500. Donations are strictly voluntary. Any and all donations are greatly appreciated.
EXPERIENCE: Our 2021 display is drive by only .Don't worry, you can enjoy the lights from your car. Please DO NOT park on our street or in our neighbors yards or driveways!! We kindly ask you to respect our neighbors and their privacy by not entering their property. If you wish to view the display a second time, please circle around the block . Once again, the display is NOT safe for anyone to enter.
WEATHER: In the event of heavy rain, wind or snow we WILL NOT have the display on. Our display runs on GFCI outlets for safety and will not turn on in these type of weather conditions. In the event of weather related closures, we will update our Facebook page by 4pm.
Santa’s Village in Roswell - Nightly 6-9pm Thanksgiving through New Years Train rides are given on Friday, Saturday & Sunday Evenings
Featuring Christmas characters, trains and lights, Santa’s Village in Roswell is straight out of the things sugarplum fairies are made of. The display includes 8 display settings, each one with a Christmas scene. The garage display is like a picture out of a Norman Rockwell calendar, and will bring back memories of Christmas past. And we have a full life size Nativity, with a telling of the Story of Christmas.
Located at 405 Waverly Hall Drive, it can be reached from the intersection of Woodstock Road (Hiway 92) and Bowen Road. Corner landmarks are Target and CVS Pharmacy. Head south one block and turn right on Waverly Hall Drive and go about six tenths of a mile to 405. Santa’s Village is located on the right side - with the displays located in the display trailer and the garage. Please get out of your cars and walk down the driveway to enjoy.
The cost is free, but donations are graciously accepted, with 100% of donations going to purchase Toys for Tots.
Located in Forsyth County in Georgia, Cumming is known as the sole incorporated area in the county. With a population of just over 6,000 people, Cumming is part of the Atlanta metropolitan area. Living in Cumming GA, you will have access to recreational activities close to Atlanta but still have the small-town vibe and feel which is the main reason why a lot of people tend to relocate to Cumming instead of the bigger cities in the area.
Due to its location and its proximity to the Atlanta metropolitan area, a lot of people who are looking to relocate into the state look at Cumming as one of their top options. Living in Cumming will enable you to have easy access to world-class amenities from the Atlanta metropolitan area, fine dining options, and numerous recreational activities. You can enjoy all of these but come home to Cumming which is a smaller town where you can feel at home right away. The neighbors typically look out for one another and safety is the number one priority in the neighborhoods.
The town of Cumming GA has experienced quite a boom in its economic activity and is slowly transforming as one of Atlanta’s suburban hot spots. Known as the county seat of Forsyth County, the city of Cumming is known as the economic and trade center for the whole county.
Besides the economic contribution that Cumming contributes to the county, there are also a lot of numerous attractions that make it attractive for people looking to move to this city. Read along as we provide an in-depth look into living and moving to Cumming GA.
The housing market has exceeded expectations so far in 2021 so everyone is asking us at Robb Realty Group, "will the 2022 housing market continue to follow the same path or are we facing a possible market downturn?" This is what the real estate experts are predicting for the remainder of 2021 and what to expect in 2022.
Housing Market Forecast
In 2021 interest rates are projected to stay low. One of the big factors why the 2021 real estate market has been booming is because of the record-low mortgage rates. Affordability soared to one of its highest levels in 30 years creating a surge in buyers who are in the market to purchase a home. The forecast continues to be good with experts predicting that mortgage rates will continue to remain low for the foreseeable future.
Although home sales have slightly started to slow down, it definitely doesn’t indicate that the market is slow. Instead, we’re returning to a more balanced market than we’ve witnessed in the past few years.
High buyer demand and low inventory in 2021 created a big surge in home values that created anxiety about the market with consumers wondering if we’re headed for another housing bubble. This year’s home price escalation was a result of simple economics – high buyer demand coupled with extremely low supply. As inventory increases, experts anticipate price appreciation will slow down.
Escalating housing prices leads to the question, “is this leading to a housing market crash by the end of 2021”. Top real estate experts clearly state that the answer is NO! The reason being that market and mortgage conditions are nothing compared to when the crash occurred in 2008. Yes, there is a small percentage of people who have faced forbearance however, the forbearance situation is balanced out by the large amount of equity buyers.
Buyers and sellers still seem to be motivated in this market and experts are saying that sentiment should continue in the coming months. Both sides of the real estate transaction stand to benefit due to interest rates remaining low – buyers can buy more and in most cases have instant equity and sellers are receiving multiple due to low inventory however, buyers are buying during this time because of low interest rates.
What Does All of this Mean for the 2022 Housing Market
Experts project that housing inventory should improve this coming year with more people putting their homes on the market for sale. This will result in stabilizing price appreciation throughout the nation. This does not mean that home prices will depreciate it just means that industry experts are predicting a more modest appreciation of 5.82% in the next 12 months vs 11.74% average that we saw in 2021.
The Past Year Saw Mortgage Rates Reach the Lowest Rates in History
This is an important fact because if a buyer is waiting for those low rates to come back or go down further they may be waiting a long time. While homes right now may be less affordable, they’re still extremely affordable.
Interest Rates by Decade based on a 30-year mortgage by Freddie Mac:
1970s: 8.86%
1980s: 12.7%
1990s: 8.12%
2000s: 6.29%
2010s: 4.09%
Experts are not predicting mortgage rates to increase by large percentages, but any increase will result in higher mortgage payments. An increase of a few decimal points could literally make or break someone’s ability to qualify for a loan or the home they want.
So, if you’re a buyer and you’re playing the waiting game, the best advice is to let you know that a rise in mortgage rates coupled with continued home price appreciation only means one thing: you will be paying more for the same house then you would if you bought it right now.
Inventory of Houses
Buyer fatigue is largely due to the lack of inventory. Is that going to change in 2022? Many factors lead industry experts to expect an increase in homes for sale due to the following:
As COVID numbers drop homeowners are more confident to put their homes on the market.
New home construction has increased adding new inventory
With forbearance coming to an end, we should see a wave of new inventory coming on the market. Experts do not expect these homes to be foreclosures because of the built-up equity most homeowners have, which gives them the opportunity to sell instead.
More inventory will take a bit of the edge off of today’s competitive market, however it’s important to remember that it doesn’t mean prices will fall or homes will become more affordable. There will just be more available homes for sale to choose from.
Bottom Line
There’s no way to predict the future but we can make educated projections and experts are not expecting the 2022 housing market to be as crazy as 2020 or 2021. The best way to stay on top of it is to be up on the latest industry information, stats, s,and ales in your area and to know your individual homes value. Robb Realty Group can provide all the industry information you need to know what’s going on with the housing market.
Trunk or Treat at Brook Run ParkCelebrate Halloween with a live performance from an Elton John tribute band, food trucks, candy and costumes. Oct. 28.
Supernatural Science Fest at Fernbank Museum of Natural History Celebrate Halloween ghostly figures, engaging activities exploring iconic scary characters, twilight tours, treats and more. Halloween fun all month long. Check out their website to purchase tickets.
Boo at the Zoo at Zoo Atlanta Wear your costume to sample treats throughout the Zoo, enjoy the whimsical Zoo Boo Town, and see more than 1,000 animals from around the world. Oct. 23, 24, 30 & 31.
Decatur Ghost Tours Come meet some of Decatur’s ghosts on this historical, paranormal walking tour of downtown Decatur. Reservations required. Through the month of October. Advanced Reservations Required.
Halloween at Halcyon Enjoy trick-or-treating, crafts, entertainment, a costume parade, petting farm and more. Oct. 30.
Trick or Treat at Buford Village Dress in costume to trick-or-treat with Buford Village merchants, take photos in the fall photo booth, meet Spiderman, get your face painted, make crafts and more. Oct. 30.
Howl-o-ween at the Farm at The Art Barn Celebrate with us on Halloween for an afternoon of farm fun and meet our special guests Elsa and Anna from Frozen! The Art Barn Crew will all be wearing costumes...including the animals! Come in costume or as you are. Oct. 31.
Lawrenceville Ghost Tours at Aurora Theatre Listen to vivid stories of the strange and supernatural as guides lead groups on a 90-minute adventure around the square. Through Oct. 31.
13 Stories Haunted House in Newnan Brave your way through the different areas of this scary haunted house with “Extreme” haunts. Through Oct 31.
HALLOWFEST at Six Flags Enjoy family-friendly fall activities during the day, and at night, the amusement park transforms into a ghoulish place with ghosts and goblins and haunted attractions. Through Nov. 1.
Brick-or-Treat at LEGOLAND Discovery Center Wear your Halloween costume to enjoy Monster Dance Parties, find spooky scenes in MINILAND, snap fun photos and more. Oct. 30-31.
Netherworld Haunted House in Stone Mountain Take on “Halloween Nightmares,” based on classic harvest and horror themes, and find out if you can survive the “Cyborg Shock.” Through Nov. 13.
Folklore Haunted House in Acworth Folklore Haunted House has two haunted experiences, and you can test your skills at the Midway of Mayhem. Through Nov. 7.
Pumpkin Festival at Stone Mountain ParkPlay on family-friendly park attractions, enjoy special fall entertainment, watch a Nighttime Parade, see glowing experiences and more. Through Oct. 31.
Yule Forest Pumpkin PatchPick pumpkins, walk through a garden of sunflowers and zinnias, get lost in a corn maze, go on a hayride, see farm animals, and more. Each Saturday, listen to live music with the Fall Concert Series. Through Oct. 31.
Thirty miles north of the city of Atlanta lies a relatively new planned community that has been dubbed one of the best places to live in Georgia. Peachtree Corners is a 17 square mile suburb in Gwinnett County that is home to around 42,000 residents.
With the famous Chattahoochee River on the western border, Peachtree Corners is also bordered by the towns of Dunwoody, Doraville, Sandy Springs, Norcross, Roswell, John's Creek, Berkeley Lake, and Duluth. Families, millennials, and professionals all make their home here.
It's ideally located near highways I-85, I-285, and GA 400; it's a quick 21 miles to downtown Atlanta or an excursion to peach orchards in the Georgia countryside.
Peachtree Corners is an innovative community where residents can work, live, and play all within its borders. It is business-friendly, family-friendly, and attractive for younger professionals all at the same time.
When buying a home you’ve heard that you will need to Pre-Qualify or be Pre-Approved for a mortgage. These are two very important steps in the mortgage application process and although the terms are used interchangeably there are important differences that buyers should know. One of our experienced Robb Realty Group agents can sit down with you and guide you through the home buying process.
The first step in the mortgage application process is to get Pre-qualified, which gives an idea of how large of a loan the buyer qualifies for. The second step in the process is Pre-Approval, which is a conditional commitment that the lender provides before they grant the mortgage.
The pre-qualification process is based on data provided by the buyer while Pre-Approval is verified consumer data such as a credit check.
Important Factors:
Pre-qualification is based on data the borrower submits to the lender. This data is analyzed by the lender and then he is able to provide a ballpark estimate as to how much they can borrow.
A Pre-qualification is not a sure thing and is based on unverified information that the buyer provides.
Once they’ve been Pre-Approved, the borrower will receive a conditional commitment in writing for an exact loan amount.
A Pre-Qualification is quick and is based on the buyers overall financial picture including debt to income and assets. The lender reviews what the buyer submits and provides an estimate of how much the borrower can receive. This is a quick and dirty assessment and can usually be done over the phone at no cost. However, because it is a quick assessment it does not include in-depth information and there has not been a credit check which are factors that will greatly contribute to a borrower’s ability to purchase a home. The Pre-Qualification is not a sure thing and is only based on information the buyer has provided so a Pre-Qualified buyer doesn’t carry the same weight as a Pre-Approved buyer who has had his assets thoroughly investigated.
Pre-Approval
A Pre-Qualification is a good indication of the ability to borrow, however a Pre-Approval is the next step where the borrower must complete an official mortgage application with all of the necessary documentation. The Pre-Approval results in the lender providing a specified purchase amount for the buyer and the lender will provide a conditional commitment in writing. Being Pre-Approved puts the borrower at an advantage to the seller because they’re one step closer to getting an actual mortgage.
It’s been a hot market with sellers experiencing bidding wars and getting multiple offers on their property, so sellers have not had to put in much effort to prep their home for sale. However, with the market starting to cool off a bit, it’s important for sellers to put in the work and do these 10 crucial steps to get the best return on their investment. Regardless of the market, Robb Realty Group recommends sellers use these tips and tricks to showcase their house in the best light possible Instant Home Valuation Tool will give you current information on the price of your home.
Paint
A Fresh Coat of Paint will make the home look cleaner and brighter. We recommend a nice neutral color because it will appeal to more buyers and allow them to picture themselves in the space. A neutral color is a great back backdrop for just about any décor and is very inviting to buyers when purchasing a home.
Landscaping
Spruce up the outside of your home to add to the curb appeal. If the home is inviting on the outside buyers will want to step inside to see the beautiful inside. Trim bushes, add a pop of color with flowers or fresh plantings, new mulch as well as a fresh coat of paint for the front porch and front door. Most buyers begin their search online and a nicely manicured lawn and inviting entry will be their first impression. Nowadays with drone footage a well-maintained exterior/lawn goes a long way and will entice buyers to schedule an appointment to see the home.
Updated Appliances
Supply chain slowdowns are commonplace right now so having nice, newer, shiny appliances in place that convey with the home is a huge bonus to the buyer. New appliances modernize a space and add a lot of bang for the buck! Plus, it takes away a huge burden from the buyers which is another selling perk.
New countertops and updated sink
If you’re looking for a relatively easy and inexpensive fix to freshen up your kitchen when preparing it to sell, then plan to update the counters and the sink. These two items alone will showcase the home better.
Flooring
Worn carpet is a big stopper for a buyer. Sellers should consider replacing carpets or installing luxury vinyl or engineered hardwood prior to listing the home. New flooring goes a long way with buyers because the hassle and expense is a turn off for a buyer.
Roof
It’s quite costly to repair a roof and the sale of your home will go much more smoothly if you have maintained the quality of your roof. If your roof has needed repairs or replacement, it’s best to have taken care of that prior to listing. An older roof is worrisome to buyers and a turnoff when it comes to buying a home.
Heating & Air Conditioning
Prior to listing your home for sale sellers should have their HVAC serviced and cleaned. Old air-conditioning systems can make a buyer hesitant about buying a home because of the expense associated with replacing it. However, if the seller is proactive and has the system serviced prior to listing it will alleviate a lot of uncertainty for the buyer.
Handyman
Doing things like updating fixtures in bathrooms or kitchens, changing lighting or bulbs can help to update a home and give it a fresh look. Sellers should pay attention to caulk and grout and update as needed.
Deep cleaning, decluttering, and organizing
No matter what the market is like sellers should take these steps to present the home in its best light. Don’t overlook the outside – pressure washing the exterior will give the house a clean and bright look. Decluttering and organizing is essential to open up the interior spaces and make the home very welcoming.
Windows
Sellers should clean windows both inside and out, including cleaning the tracks. Having the windows professionally cleaned is a great investment and the home will look great in the professional pictures.
Presenting your home properly when selling instils trust and confidence in buyers and results in a successful transaction. Robb Realty Group will partner with you and provide you with our VIP Sellers Program to ensure success.
There’s no place like home for the holidays, making it a great time to check out holiday light displays in some area neighborhoods. Here is a list 
The housing market has exceeded expectations so far in 2021 so everyone is asking us at 
When 
It’s been a hot market with sellers experiencing bidding wars and getting multiple offers on their property, so sellers have not had to put in much effort to prep their home for sale. However, with the market starting to cool off a bit, it’s important for sellers to put in the work and do these 10 crucial steps to get the best return on their investment. Regardless of the market, 
