Even though there’s a global pandemic plaguing the country, there are numerous reasons why someone would need (or want) to move out of their current home. Some move because they received a big job promotion or they want to be closer to family. Some people just want a change of pace and reinvent themselves in a new city. The truth is, it doesn’t matter why you want to move. All that matters is that you do so as safely as possible during the pandemic.
HomeLight released a Q2 survey where they asked 2,000 real estate agents why are people moving despite the pandemic. Here are the top five reasons why you might want to sell your home fast in Atlanta, GA.
Real estate agents who participated in the survey said that needing more space is the main reason why 44% of clients are packing their bags. After being under quarantine for months on end, it’s understandable that people are tired of having limited space considering that the average apartment in Atlanta is about 976 square feet. Buyers want more room to spread out and even have more privacy, as open floor plans are falling out of favor for many.
2. Wanting to own instead of rent
The average rent in Atlanta is about $1,795 per month for a 976 square foot apartment, so it’s understandable that 41% of folks want to buy instead of renting. Homeownership helps build personal wealth and gives you a place to truly call the shots (unless you’re in an HOA, but that’s another story). Plus when you consider the median sold price for a house in Atlanta is around $275,000, you could be looking at a monthly payment of $1,650, which means you’ll be saving money.
3. Move to the suburbs
With so many companies giving their employees the option of working from home, there isn’t much of a need to stay in Atlanta. Instead, 37% of buyers are choosing to go to the suburbs where they can get away from the hustle and bustle of the main part of the city and have some peace and quiet. Plus, since the suburbs tend to be less densely populated that the city, buyers are choosing the suburbs to reduce the possibility of catching COVID.
4. Job relocation
As we previously mentioned, job relocation is a big factor as to why people are moving during the pandemic. With there being 30 million people still unemployed, 31% of buyers are packing up and going where there are better job opportunities. Of course, people who have been employed the whole time may move because their company requires it of them, or they’ve found a better opportunity elsewhere.
5. Need more outdoor space/privacy
Being indoors during that pandemic is enough to drive a person batty! Then when you take into consideration that local gyms and other places for recreational activities have been closed, 31 % of buyers are looking for large yards with privacy fences and entertaining space - whenever the social distancing regulations have been lifted. By having an outdoor living space, buyers can go outside to get some fresh air, a change of scenery, and even get some exercise.
In the wake of the coronavirus pandemic, Atlantan’s demands have been targeted to more space (indoors and out) and the desire to own their own little piece of Atlanta. Who could blame them? Atlanta is one of those cities that’s alive with culture and there’s always something going on! What’s not to love?