The best foreclosure deals
While there are many different ways to find great foreclosure deals in Atlanta, one of my favorite places to look are builder spec homes. When buying a foreclosure you still have to rely on the most basic adage in real estate: location. I would be hesitant to buy a home in a development that has a lot of foreclosures, as it will probably take a while to recover. The current market allows buyers to find deals in desirable locations, you just have to be patient, but be able to act quickly when the opportunity arises. Of the high-end communities in Atlanta; Buckhead, Dunwoody and Sandy...
Read MoreNew Atlanta Home Search Software
I’ve recently purchased, for this website, the most comprehensive and intuitive home search software in all of metro Atlanta. The last couple of weeks I’ve been integrating the features into this website. This premium home search software is triple the price of other agent software solutions. I’m making it available for free, without any registration requirements, to prospective Atlanta real estate buyers. In short, it gives buyers interested in a Buckhead or North Atlanta home, the opportunity to see instant results on a map as they refine their searches. I’m...
Read MoreThe one sided real estate contract – buying an REO
I’ve been blogging about my personal experience in buying a Buckhead foreclosure here in Atlanta, Georgia. There is so much to write about, it’s hard to know where to begin. When we finally went under contract on a bank-owned foreclosure, it was just the beginning of our journey into the depths of anxiety. The bank stated that our offer had been accepted, but we were not under contract, and then faxed us a 25 page addendum, that was five times as large as our original contract. It’s the most one-sided thing I ever read in my life (other than the other bank-owned real estate...
Read MoreJust bought a Buckhead foreclosure
I’ve written a lot on this blog about all of the great Buckhead real estate deals, especially the foreclosures and short-sales. Not only do I work with buyers in finding Atlanta GA real estate value, but I also recently became a foreclosure buyer. So when I tell my clients to have a lot of patience, and I mean lots of patience, when working with bank foreclosures, it comes with empathy. Negotiating real estate can be difficult, because of the highly personal nature of home ownership. Many owners view their homes, at least on a subconscious level, as a testament to their style and taste....
Read MoreBuckhead and Atlanta REOs
Obviously there are a lot of bank owned properties on the market. Some of the best REO deals I’ve seen in Buckhead, Dunwoody and Sandy Springs are unfinished rehab and builder spec homes. There are a surprising number of homes without kitchens, bathrooms and/or systems. Even if you can find an Atlanta buyer, who would be willing to undertake such a project, he or she won’t be able to get conventional financing without a kitchen, bathrooms or systems installed. This is very good news for a creative buyer. You can get a great deal in metro Atlanta on a home missing a kitchen,...
Read MoreBuckhead Foreclosures
There is a common misconception that foreclosures are cheap homes in undesirable neighborhoods. I subscribe to the Atlanta Foreclosure Report and ran a report for Buckhead homes in pre-foreclosure, with mortgages over $500,000, that are due to be sold on the Fulton County Courthouse steps on April 7, 2009. As you can see below, there are plenty of great deals at the upper echelon of the Buckhead real estate market. Some of the streets listed are the most prestigious and sought-after streets in Buckhead. If you’re interested in getting more details on the previous pre-foreclosures,...
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