Hank Miller Team Real Estate Blog - January, 2023

What Home Buyers Should Expect in the Spring of 2023

If it bleeds it leads, even if it's not accurate. Despite the constant caterwauling from the mass media about a housing crash, we are not seeing distress around the greater Atlanta market. That message however, is often taken at face value and some home buyers expect a bargain basement spring. Best advice as to what home buyers should expect in the spring of 2023...understand that it's not the spring of 2011.

Home buyers had a rough couple of years. While rates were certainly favorable, the lack of inventory resulted in a punishing home buying experience. FOMO, the "work from home" chatter and pandemic circus contributed to the beating; buying a home was not a pleasant experience. That's over; and while rates jumped, balance has returned as has the…

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What Home Sellers Should Expect in Spring of 2023

As the 2023 market opens, home sellers face a daunting challenge. It’s not a physical one, but a rather simple mental one; acknowledge the current housing market. Best advice as to what home sellers should expect in spring of 2023...understand that it's not the spring of 2022.

The single most important thing sellers must do is accurately price their home. The market conditions now (end of Jan 23) bear no resemblance to the market conditions a year ago. The current market is largely balanced with a slight edge to sellers. However, that is not universal, some micro markets are balanced and some areas/price points lean to buyers. As with everything real estate, each micro market often varies.

Interest Rates Jump

The most critical and obvious change…

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How to File for the Georgia Homestead Tax Exemption

Take a couple of minutes and save several hundred or more dollars. It's never been easier to file for the Georgia Homestead Tax Exemption. Georgia homeowners are eligible for this exemption if the home was purchased in 2022, occupied on January 1st, 2023 and is their primary residence . The exemption is not eligible on investment or vacation homes. This is not automatic, the homestead exemption must be filed in the property owner's county. It's quick and easy; there's no reason not to save this money.

Click the image below, that will open a page with multiple links to county sites around the greater Atlanta area. Each hot link opens and the sites will provide details on what's needed and how to file for the homestead exemption in Georgia.

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Can You Fire a Real Estate Agent in Georgia?

As 2023 opens, the economic hangover due to the free spending and pandemic handouts continue. One of the craziest segments of the last two years was real estate. Prices and inventory of course, but the massive influx of "hobby agents" over this period was a lesser covered negative result. The number of real estate agents soared to record highs, as did buyer remorse and complaints. It is likely that a frequent question in 2023 will be; can you fire a real estate agent in Georgia? YES, but the devil is in the details of the brokerage agreements.

Fire a Buyer’s Agent in GA

EVERYTHING hinges on the buyer brokerage agreement that was signed. These change annually, sometimes more frequently. Some agents add stipulations and conditions. Buyers MUST READ…

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