Atlanta Foreclosures

Greystone at Vinings - Foreclosure Deal of the Year?

Thursday, July 16th, 2009 at 11:40am. 2746 Views, 0 Comments.

The current real estate market has yielded some amazing deals for my buyers at steep discounts to former prices. However, one of the most astonishing drops in value that I have seen is in a luxury condo building in Vinings called the Greystone at Vinings. This building is only a few years old, features a beautiful clubhouse, concierge, pool, wine cellar, and gym. The building is five stories tall with 59 large condos targeting a high-end buyer who needs plenty of space and a great location. It's competing development would be the luxury condos at One Vinings. The majority of the condos in the Greystone sold in 2007 at average pricing around $1.3 million......now you can get one of those same condos for between $200-$300k! Now, I am skeptical that…

Governor Perdue Signs Additional $1,800 Tax Credit for Georgia Buyers

Wednesday, May 27th, 2009 at 1:04am. 383 Views, 0 Comments.

Just when it seemed like the flow of government incentives for home buyers was starting to slow down, Governor Sonny Perdue signed into law a new bill authorizing an additional $1,800 tax credit for Georgia home buyers.

By now we’ve all heard about President Obama’s $8,000 Federal Tax Credit for first time home buyers, but the Governor’s latest action applies to anyone purchasing a distressed home in the state of Georgia. This could be a single family home, condominium or townhouse so long as the property was in default or foreclosure prior to March 1, 2009. If the purchase price is under $150,000 then up to 1.2% of sales price will be credited instead of the full $1,800.

The incentives won’t last long though as a time frame of June 1st to November 30th…

Buyer Question: What exactly is a short sale?

Thursday, May 14th, 2009 at 1:35am. 363 Views, 0 Comments.

At a time when the dynamics of real estate seem to change almost weekly a question I often get from clients is “What exactly is a short sale”. While many in the real estate community are familiar with the term, the general public is often unaware of how a short sale works and both its potential pitfalls and benefits for those involved.

The quick definition of a short sale is “a sale of a debt, short of the full debt owed”. Often this comes into play when the mortgage holder on a home allows the owner to sell the home for less than what is owed in order to avoid foreclosure.

For instance, a bank might allow the owner of a $300,000 home to sell it for $250,000 and walk away free and clear of the $50,000 loss. The catch for the seller is that all…

West End Foreclosures Draw Smart Buyers

Thursday, May 7th, 2009 at 3:12pm. 409 Views, 0 Comments.

At about 6pm on Monday evening I received a phone call from an overseas buyer who had spotted a home in West End he just had to have. By 10am the following morning, this 6 bedroom, 2 bathroom house had already received 11 offers and a contract was signed for well above the listed price after only 4 days on the market.

Though heavy competition drove the price above where it started, the listed price was a staggering $240,000 under what it had sold for two years ago.

Historic West End is located just southwest of downtown Atlanta and has seen its share of struggles with mortgage fraud and foreclosures in recent years. However, as investors and first time home buyers alike move into this historic area, neighborhoods are being revitalized and home values…

Buckhead Home of the Day

Thursday, April 2nd, 2009 at 2:12pm. 386 Views, 0 Comments.

Living in Buckhead has many advantages;  Buckhead has great schools,  it is close to great shopping, restaurants, midtown & downtown. And now it is even economically a smart move. Many of the homes for sale have had great price reductions and some are even headed toward foreclosure.

Our pick of the day is a lovely two story on Bohler Lane which has 4 bedrooms and 2.5 baths. During the time this property has been on the market it has been reduced almost $50,000.

For more details on this property click on the link below:

Buckhead Home For Sale - Deal Of the Day

Atlanta MLS Map Search Makes Browsing Homes Easy!

Tuesday, March 17th, 2009 at 8:05am. 455 Views, 0 Comments.

You are in the market to buy a new home, and we have harnessed the power of the latest internet technology to give you the edge in your home search. Our Atlanta MLS search is updated every day with the latest and greatest homes for sale. We have developed Atlanta's most powerful Map Search. To use the map search, follow these simple steps: 1. Use your mouse to click on the map and drag the map to the location that you are interested in. 2. Enter your search criteria such as price, number of beds and baths, etc. 3. Click the "Update Map" button and watch as the map is populated with small icons, which indicate homes that match your criteria. Click on any of these icons to see more information on that home. To get started with your very own…

Atlanta Real Estate focus on foreclosures

Monday, October 6th, 2008 at 1:02pm. 758 Views, 0 Comments.

No matter what you're looking to buy in real estate, Atlanta foreclosures are the best way to ensure you get a great deal and a cheap price on the property you want. Atlanta foreclosures offer great investing opportunities for an incredibly low price. Best of all, anyone can easily buy Atlanta foreclosures, even if you've never considered buying foreclosures.

The recent growth in foreclosures has increased the number of opportunities available to home buyers and investors, and lenders have become more lenient.

How is buying a pending foreclosure different than buying a regular home for sale?

Besides the time span, buying a foreclosure is no different than any other real estate transaction. The owners of foreclosure properties have the right to…