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Below are five compelling reasons to list your house this winter.
1. Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase, and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Inventory is still under the 6-month supply needed for a normal housing market. This means in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.
Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.
Many homeowners were reluctant to list their homes over the last couple of years, for fear they would not find a home to move into. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you decide to sell.
3. Buyers Are Serious at This Time of Year
Traditionally, homeowners think about spring as a great time to list their homes, when more buyer traffic may be out there actively searching. In the winter, however, the buyers who are seeking a home – whether for relocation or otherwise – are serious ones. They’re ready to make offers and they’re eager to move, often quickly. Your house may be exactly what they’re looking for, so listing when other potential sellers are holding off may be your best opportunity to shine.
4. There Will Never Be a Better Time to Move Up
If your next move will be into the premium or luxury market, now is the time to move up. There is currently ample inventory for sale at higher price ranges. This means if you’re planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to do that now. Demand for your entry-level home is high, and inventory in the luxury or premium market is too.
According to CoreLogic, prices are projected to appreciate by 5.6% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and in your mortgage) if you wait.
5. It’s Time to Move On With Your Life
Look at the reason you decided to sell in the first place and determine whether it’s worth waiting. Is money more important than being with family? Are you ready to go on with your life the way you think you should?
Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market this winter. Perhaps the time has come for you and your family to move on and start living the life you desire.
That is what is truly important.
In Union County, GA home sales are down for the year compared to 2018. Vacant lot sales are up for the year. The average home sold price is $252,474 and the average vacant lot sold price is $28,705. There are 239 homes for sale and 567 vacant lots for sale.
In Towns County, GA home sales are up for the year compared to 2018. Vacant lot sales are down for the year. The average home sold price is $267,593. The average vacant lot sold price is $27,629. There are 251 homes for sale and 371 vacant lots for sale.
In Clay County, NC home sales are up for the year compared to 2018. Vacant lot sales are slightly up for the year. The average home sold price is $228,224 and the average vacant lot sold price is $30,918. There are 193 homes for sale and 602 vacant lots for sale.
Lake Nottely in Blairsville, GA, is one of the area’s most popular places to soak up the sun and enjoy the endless lake activities of the Blue Ridge Mountains. Lake Nottely, fondly known as North Georgia’s hidden gem, is home to some of the best fishing spots, glistening waters, and scenic views the North Georgia/Western Carolina region has to offer. With a surface area of over 4,000 acres and a shoreline of 106 miles, there is no better place in Union County, GA to enjoy lake life and beautiful views than Lake Nottely.
History of Lake Nottely
Lake Nottely, like many of the other reservoirs in the area, originated as a Tennessee Valley Authority (TVA) Project. Named after the Cherokee village of Naduhli that once existed in the same area, the Nottely River’s location in the Hiwassee Watershed greatly contributed to the problem of flooding the North Georgia and Eastern Tennessee areas experienced prior to TVA's interception. The construction of the Hiwassee Dam on the Nottely River was the TVA's answer to this problem. The Hiwassee Dam was completed in 1940 and has helped to faithfully maintain the watershed in surrounding areas ever since.
Following the construction of the Hiwassee Dam, Nottely once again entered TVA planning discussions due to the increasing needs of World War II. World War II created a need for extra aluminum, but the war effort needed aluminum more quickly than current production times allowed. Nottley’s capacity to push water downstream to the Hiwassee Dam helped answer the problem of faster production. The addition of a new dam would further harness the water’s power, generating more extensive electrical influence. Greater access to electricity meant better power for aluminum production, which answered the supply and demand issue of aluminum for the war effort in East Tennessee. This realization led to TVA’s construction of Nottely Dam. The dam was completed in 1942 and remains an indispensable part of Blairsville, GA to this day.
Although it ultimately helped to bolster the economy in the local area, building Nottely Dam meant that 91 families in Union County, GA would lose possession of their homes and farmlands. These families were relocated to surrounding areas and were treated well overall by the TVA. Adding a generator to the existing Nottely Dam structure in the 1950s further increased the dam’s positive contribution to the local area. These additions and reinforcements to the dam generated electricity to residents and businesses in Blairsville, GA, and helped protect their water supply and homes by storing and regulating floodwaters. It also added to the area’s growth, economic development and tourism industry as many visitors to the area enjoy the recreational activities built around the Nottely reservoir. Families are encouraged to enjoy all that Nottley offers, and this is reinforced by the TVA’s continued involvement. Thanks to the TVA, regular upkeep of the area keeps Nottely accessible for leisure and recreation throughout the year.
Visitors and locals of Blairsville, Hiawassee and Young Harris, GA are all welcomed to experience the beauty and amenities of Lake Nottely. Located just over the Western North Carolina border, and only two hours from metropolitan areas like Atlanta and Chattanooga, Lake Nottely is a welcome respite to those fortunate enough to visit or live in this area. Whether you are a local enjoying a weekend on the lake or a traveler seeking solace from the city, Nottely caters to every interest.
Nottely Dam Reservoir Trail offers pathways for hikers, bikers and walkers, as well as multiple camping sites, and a beautiful beach for swimming. Boaters, fishermen, campers, kayakers, canoers or paddle boarders all have a place at Lake Nottely, too.
The reservoir also makes a perfect stopping point for the adventurous Appalachian Trial hikers as the AT passes through Union County just a few miles away from Lake Nottely's shores.
For the less adventurous, there are still several recreational options available. Pavilions can be rented to celebrate birthday parties, family reunions or any other event, and plans are underway to continue developing the area for local enjoyment. Because of this, it is not uncommon to see work crews around the area. Maintenance and improvements of the existing picnic areas, trailways, and playgrounds are all handled by the TVA who provides upkeep of the grounds as a service to the local community.
If you are planning to visit Blairsville, GA, Hiawassee, GA, or any of the other surrounding areas in the North Georgia or Western Carolina mountains, add Lake Nottely to your list of “must-see” activities in the area. The scenic views, relaxing waters and family picnic and playground areas of Nottely Reservoir do not disappoint, while the local communities provide a laid back Southern welcome to tourists. If that weren’t enough, your entire stay will be complemented by endless views of the scenic Blue Ridge Mountains.
Where to Stay and Play on Lake Nottely
The Blairsville area boasts several places to stay and play on Lake Nottely. There are many free activities to enjoy, and the availability for water sports and recreational access are endless. Whether you choose to take a walk along one of the pathways, enjoy a festival, take the boat out for a spin or enjoy an afternoon of kayaking, Lake Nottely offers something for everyone. A few resources that are available in the local area are listed below for your convenience:
62% of renters indicate they believe they are losing money by renting- and rents only continue to increase. Don't fall into the rental trap! If you're currently renting, let's get together to explore your homeownership options.
Falling interest rates coupled with increasing inventory create the ideal market to find the home of your dreams. There's no time like the present to move up! Let's get together to discuss your options.