Tips To Successfully Navigate The Purchase Of A Foreclosed Home
Tips To Successfully Navigate The Purchase Of A Foreclosed Home Guest post by Marc Rasmussen – Longboat Key condos In this market, prospective home buyers are likely to encounter foreclosed homes as they tour potential properties. When considering the purchase of a bank owned home, potential homeowners often want to know what steps they should take to protect themselves and ensure that the property is a good investment. Avoiding buyer’s remorse when purchasing a foreclosed home does require a homeowner to take on the responsibility of due diligence to avoid unwanted surprises. By...
Read MoreBuckhead Foreclosure Homes
I get asked, a lot, about foreclosures, bank owned properties, and REOs. I’ve written a lot about foreclosures in the past, and the articles always generate lots of web traffic. I don’t blame folks for being interested in them, as they can be some great opportunities. I’ve represented clients in purchasing bank owned homes and recently bought a foreclosure in Buckhead for my family. Just because it’s a foreclosure doesn’t mean it’s a great deal; banks can overprice a home just as easily as an individual. If you find a property that has a competitive...
Read MoreBank Owned Properties For Sale
I get asked about foreclosures, REO and short sale properties all the time. So, here is a list of all the current listings, in north Atlanta, over $400,000, that have been identified as bank owned, in pre-forclosure or short sales. Keep in mind, the list will not be exhaustive, because some owners and agents choose not to disclose this information in the Atlanta FMLS, REALTOR database. If you would like to see some of the foreclosures, REO and short sale homes currently for sale in Atlanta, then review the up-to-date list below. Please give me a call and I’d be happy to discuss these...
Read MoreZombie Subdivisions
As I’ve mentioned before, the outlying Atlanta suburbs have really been hit hard by the housing slowdown. The subdivisions that seemed to sprout-up overnight in Forsyth and Fayette county, are now being referred to as “zombie” subdivisions, where only a few homeowners sit among acres of vacant, bank-owned lots. Hopefully, the bankd won’t be changing any of the subdivision names to “Dawn of the Dead.” While there might be small examples of the “zombie” phenomena in the immediate Atlanta suburbs, like Dunwoody and Sandy Springs, it’s more...
Read MoreIf you want a good deal, be prepared to act quickly
I work with some investors looking for high-end homes in Buckhead. There are some really good deals on premium, builder spec homes in Buckhead. There are also come great foreclosure deals. Frankly it’s because in the current market, few investors can secure financing on upper-level homes, so buying competition has been reduced. Every once in a while I’ll see a home come on the market that I just know will go under contract quickly. I sent emails stating that both of the following properties were great deals early last week. This week they both went under contract. In...
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