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The Bug Blog

A one-stop information hub for homeowners.

Atlanta Has Grown, and Now it's a Seller's Market.

Posted by Haley Moran on Jan 5, 2017 10:45:57 AM

Selling a house in Atlanta could be a beneficial move for homeowners.

Atlanta, Georgia, also called Hot 'Lanta as made famous by The Allman Brothers Band, isn’t just the capital city, it’s the largest city in Georgia and one of the biggest metropolitan areas in the United States. It’s a hub for a booming economy and business district, and its city limits are welcoming droves of new residents.

Atlanta has a population of almost 450,000 and is a shining star of the nation’s top metropolitan areas with a massive hub for business. Atlanta's economy is considered diverse, with dominant sectors including logistics, professional and business services, media operations, and information technology. In fact, encompassing $304 billion, the Atlanta metropolitan area is the eighth-largest economy in the country and 17th-largest in the world nationwide while also being ranked fourth in the number of Fortune 500 companies. Companies such as Coca-Cola, Turner Broadcasting, UPS, Home Depot, Delta and others call Atlanta home. In the suburbs, other large corporations employ Atlantians, including Equifax, EarthLink, Arby’s, Georgia Pacific and, most importantly, Waffle House.

The cost of living in Atlanta reflects favorable numbers when compared to other large cities. On an index that measures the prices for utilities, transportation, groceries, housing, and healthcare, The American Chamber of Commerce Research Association ranks scores Atlanta 94.2. The Living Index has a national average of 100, and for some comparison; New York City is scored 217.2, San Francisco as 162.9, and Denver as 102.9.

There are many subdivisions of Atlanta for those who aren’t drawn to urban living, and the suburbs of residential areas spans for miles upon miles. Usually, with larger cities, those looking for affordable housing go to the suburbs and areas outside the city; but this is not necessarily the case in Atlanta. Housing in Atlanta proper is affordable due to relatively low real estate and rental costs.

With such employment opportunity, and its future bright, who wouldn’t want to make the move to Atlanta’s city limits? Many are looking to put down roots in Atlanta, and the increasing population is, not surprisingly, putting a strain on the available housing Luckily for you, this is putting those who are looking to sell a house in Atlanta in a profitable position.

What is My House Worth?

Recent data has emerged to prove the benefit of taking advantage of the current market, and homeowners who are looking to sell their home are urged to take advantage. Bloomberg published economic studiesthat reflect a huge demand for housing and a difficult rental market. This demand has put homeowners in a position to profit when they sell their house.

This increase in rental prices have risen to pre-recession numbers not seen since 2007 and is due in large part to a shortage of available homes. 2016 economic reports have ranked the metro area of Denver, CO as the area of greatest home appreciation with 10.6 percent growth. The rates in North Texas have risen 9.3 percent in addition to prices that had already increased more than twice the national annual appreciation. Boston's home prices had an increase of 8.2 percent and was ranked third.

Economic analysts suggest this national imbalance of supply and demand is likely due to low mortgage rates and a market supply that is strained, and such conditions have forced many first-time homeowners to rent property instead of buying. With rental prices on the rise, 26 percent of renters in the U.S. reported they were required to pay at least half their income to landlords in 2014. This number has grown 20 percent since 2001 and reflects an alarming number of people that are paying rental prices that have far outpaced their wages.

Renters and potential homebuyers are left with little options, and homeowners who have been thinking about selling their home are urged to sell their house to help ease the market supply. Through the sale of their home, homeowners will earn a profit while also providing relief to such a dwindling supply of affordable housing. You don't have to be an expert in Atlanta real estate to see why owners are urged to act fast, but a traditional realtor can take months to close a sale. Homeowners need to make use of the housing market quickly, so MoneyBug is providing an opportunity for homeowners to easily sell a house.

Don't fix it, sell it!

MoneyBug works through a fast and straightforward process that allows homeowners to sell their house fast and take advantage of this hot market. With cutting-edge online technology, homeowners can avoid lengthy paperwork and receive an instant cash offer for their home by providing their address. MoneyBug stands alone in professionalism and dominates existing market options to sell a home in as little as seven days. Even if a house is old or damaged, MoneyBug buys houses as-is, so there is no need to make repairs before the sale.

Since it was founded in 2008, MoneyBug has shown an extraordinary knack for growth and innovation. MoneyBug has successfully established a presence in metro areas coast-to-coast to knock out bigger competitors in the market, and the company has even further expansion planned for the future.

The current housing market is experiencing a demand for available homes, and if you’re "I'm ready to sell my house fast in Atlanta," it's easy with MoneyBug. How much will you earn from the sale of your house?

Get My Cash Offer! 

Haley Moran

Written by Haley Moran

With a mother who's a successful interior decorator and a grandfather who's a house flipper, Haley grew up in an environment that was centered around real estate. She has a background in journalism and mass communications, and has been a non-fiction writer since 2004.

Topics: Reasons to Sell, Top Selling Markets

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