The Atlanta housing market might have taken a beating during the economic crisis. However, it is making a comeback slowly but surely. The past couple of years have seen gains that have allowed the struggling market to escape from price weaknesses. The value of homes in Georgia has increased which is a significant improvement compared to the last few years which saw prices drop significantly.
According to Zillow, the market is favoring sellers over buyers, and the average home value in Georgia increased by about 9% in the last year alone. Click To Tweet However, there may only be a 2% rise in the next 12 months or so as far as house values go. On the other hand, real estate in Georgia is set to remain competitive in the future.
In Atlanta, the average price of a home is about $167,800 which is an increase of 6% when compared to last year’s prices. What is encouraging to see is that home owners have experienced substantial equity over the last couple of years. In other words, the Atlanta real estate market is experiencing an upward swing that is not slowing down anytime soon.
The bottom line is that the real estate industry in Georgia will remain stable and competitive for the foreseeable future. The reason is a strong demand for inventory that is limited at the moment. The lack of property has jacked up prices and many new homeowners may feel the crunch. In other words, sellers have more to gain than buyers. However, real estate professionals might be able to make a mint advertising to professional investors.
The Atlanta market is generally still affordable, and there are a number of choices for interested buyers in different price points. There is something for everyone in the market.
360Training’s Georgia 75 hour Real Estate Pre-licensing Program
360Training’s real estate pre-licensing program for Georgia is designed to teach:
- Different types of real estate
- Activities, businesses, and government agencies involved in it
- Property rights
- Zoning requirements
- Ownership rights
- Restrictions an agent should be aware of
- Agency relationships
- Listing agreements
- Property transfers
The general pre-license section of the course covers the loan process and appraisal methods that a professional real estate agent needs to be aware of. Students will also learn about the pre-licensing law of the state which professionals have to follow, and the licensing requirements for brokers and salespersons.
The course also covers the procedure for setting up and maintaining trust accounts and activities that can violate the licensing law in the state. Students will also be taught about trade practices that are frowned upon in the industry, and about licensed agents who are not allowed to engage in the commission complaint process.
The course also gives in-depth insight into acquiring a license in real estate in Georgia, advertising requirements, broker responsibilities, and how to maintain relationships with agencies. Students will also learn about the Georgia Fair Housing Law and about BRRETA or the Brokerage Relationship in Real Estate Transaction.