2 comments

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  Kevin - Alpharetta Real Estate

  9 months ago

  Good ideas, Brad. My personal opinion is that until the inventory of foreclosures and "builder specials" is absorbed by the market, traditional resale sellers are going to continue to have a hard time selling unless their home is spectacular. Everyone seems to want a foreclosure these days, which is code word for "I want a screaming deal!"
  
  And they are getting them - sometimes - but remember, there are other people wanting "screaming deals" too and more often than not in this market we are getting into multiple offer situations with foreclosure homes. Go figure.
  
  The good news, though, is that the buying has begun. Investors and buyers just looking for a deal are starting to snap up these foreclosures, which is the frist step in returning the market to some notion of normalcy.
  
  If you are particularly interested in foreclosures in North Fulton, that is, Alpharetta, Roswell, Johns Creek and Milton, I put together a little search engine to help you find not only Foreclosures, but also Short Sales, which are also know as "pre-foreclosures". Goto http://www.LiveInAlpharetta.com/scripts/testidx.... It's not too pretty yet, but the data is all there.
  reply
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  Justin Daniels

  9 months ago

  When buying foreclosures you should be keenly aware of making sure you are aware of Federal and state tax liens as foreclosure does not eliminate these taxes and you will be responsible for them and that liability can wipe out your profit margin based on your purchase price.
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