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What Athens Homebuyers Can Expect From the Real Estate Market in 2021

The average homebuyer in 2020 had to deal with an inordinate amount of delays, obstacles, and stressors. If you’re looking to this year as your golden opportunity to search the listings and find your dream home, here’s what Athens homebuyers can expect from the real estate market in 2021.

Slim Pickings Early on

The last year involved a lot of otherwise motivated sellers deciding to either delay putting their home on the market until things felt more stable, or looking into refinancing for the long haul. 

As time has gone on, both buyers and sellers have gotten more accustomed to the new normal of day-to-day life under COVID-19 precautions, and this translates to increased confidence in the real estate market.

Most local markets are starting 2021 off with a lower-than-usual number of homes up for sale because of this lack of confidence spanning most of 2020. Do keep in mind that this is certainly going to change as time goes on.

The Springtime Boom

Every year, real estate agents are used to a big influx of buyers and sellers once the winter weather has subsided a bit and everyone is more ready and willing to get outside. 

This year, we are expecting a much bigger jump in market activity as the spring approaches, but it’s a great idea to keep your eyes peeled for amazing deals through the winter. 

Some sellers have been keeping their property on the market in hopes of finding a very motivated buyer, while competition between sellers is lower.

Home Values to Increase

Due to the inventory of for-sale properties being a bit low over 2020, sellers were able to ask for a premium, if not have their choice of offers during bidding wars. 

There is an overwhelming sense of anticipation for home prices to sustain this elevated level, and the growth to advance even further over 2021. It’s going to be important for any buyers to avoid getting too attached to a specific property so they can be ready to walk away if negotiations start to get out of hand. 

With this heightened volatility, it is thoroughly recommended that all buyers hire a qualified and experienced real estate professional to handle the details of negotiation.

Buyers Are Prepared

As the market heats up in the spring, we will begin to see a lot of buyers coming out of the woodwork who have been sitting around and waiting for the chance to find the new home they were assuming they would find a year ago. 

The choice to put a hold on their house search means they spent the last year building up their savings and possibly cleaning up their credit. The competition between buyers, agents, and lenders will be incredibly high in an already hot market, and you will want to set yourself apart as much as possible. 

This could entail committing a sizable earnest money payment or let go of a lesser contingency to close the deal.

Bucking the Usual Trends

If there’s one through-line you can clearly pick up on, it’s that the real estate market in 2021 is primed to throw everyone a curveball or two. 

The typical speeding up in the spring is going to be much more abrupt, pricing may be less consistent, and both agents and lenders are going to have their work cut out for them. This is why it’s imperative you enlist the help of a professional to keep your home buying venture on task and out of trouble.

Your Partner in the Real Estate Market in 2021

If you are looking to enter the Athens real estate market in 2021, contact us today at 706-928-9959!

Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

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