Atlanta Foreclosures present some amazing opportunities for the savvy buyer. Foreclosures in Atlanta may be found move-in ready and meticulously cared for, while other Atlanta foreclosed homes may need some serious tender loving care.
Although an Atlanta Foreclosure is by no means the only way to find a truly outstanding investment, foreclosure homes in Atlanta do account for a large percentage of investment property purchased in the area.
If you are looking for Atlanta foreclosures, then contact one of our agents today, we have access to all of the foreclosure inventory in Atlanta and we will guide you through the process of finding, analyzing, negotiating, and buying the perfect home for you.
There are currently 19 blog entries related to this category.
Tuesday, August 14th, 2012 at 11:56am. 896 Views, 0 Comments.
A question that comes up with almost every buyer I represent is, "Should I ask the seller to pay my closing costs?" The short answer is, "Maybe," but there are several factors you want to consider before making this decision.
The first question to ask yourself is, "Do I have enough cash to pay my own closing costs and down payment and still have enough in savings for my emergency fund?" If the answer is, "Yes," then it's a good idea to pay your own closing costs.
If you don't have enough cash for all three of these items...closing costs, down payment and savings, then it is usually a good idea to ask the seller to pay a portion, or even all, of your closing costs.
As a side note, closing costs vary but average about 3% of your purchase price,…
Wednesday, May 9th, 2012 at 4:42pm. 656 Views, 0 Comments.
A phrase becoming more common in real estate these days is "Please submit your highest and best offer." Believe it or not, this isn't just because sellers want more money for their homes. Buyers are actually competing to buy certain homes and properties are often selling for higher than list price.
Just in the past few weeks I have had this happen at least six times and it's included condos, town homes and single family homes from Buckhead to Vinings to Marietta. We have won a few bidding wars and lost a few as well. Surprisingly, we have even lost when offering all CASH and more than list price.
These bidding wars aren't just isolated to foreclosures. Some traditional sellers are encountering this as well and even selling for tens of thousands more…
Tuesday, April 17th, 2012 at 10:21am. 532 Views, 0 Comments.
I just listed a short sale in the heart of Buckhead on Northside drive (across from N. Atlanta High School). This large home was custom built in 2000 and has space for the whole family. There is a master on the main, three more bedroom upstairs, and 2000 square feet ready to finish in the daylight basement (think media room/inlaw suite/etc).
While this home appraised for over $1 million a few years ago, it can be had today as a relative bargain. While this home will be a great deal, the sale must be approved by the bank, so we need a patient short-sale buyer.
Click the image below for more information. If this home is not quite right for you, take a look at our other homes for sale in Buckhead.
Tuesday, March 27th, 2012 at 12:45pm. 1081 Views, 3 Comments.
Finally, a mortgage refinance program is available for home owners who are current on their mortgage but owe more than their house is worth. And the best part is NO APPRAISAL IS REQUIRED!!!
HARP 2.0 (Home Affordable Refinance Program) allows home owners with a mortgage owned by Fannie Mae or Freddie Mac to refinance underwater mortgages. Here are a few of the highlights:
- No LTV (Loan to Value) cap on fixed rate mortgages
- No appraisal required if an automated value can be determined
- Payback time period has been reduced
- The program is available now
Even if you pay your mortgage to a bank or specific lender, it is likely still owned by Fannie or Freddie. Here are a few links to determine who owns your mortgage and also answers…
Tuesday, January 31st, 2012 at 3:20pm. 425 Views, 0 Comments.
Within walking distance to Smyrna Market Village, Grady Manor is one of Smyrna's most popular new construction neighborhoods.
One of the last new construction homes just went under contract last week, which leaves only two for sale in this great little community.
The first is a corner lot home at 2703 Grady Street and is the last of the brand new homes. It has a beautiful brick exterior with high end upgrades throughout the interior.
The second home is a foreclosure at 2691 Grady Street and larger than most of the others in this neighborhood. It needs some cleaning and new paint interior but is otherwise a great deal for this location and quality of construction.
If you're looking for new construction homes in Smyrna or are just…
Wednesday, December 14th, 2011 at 2:44pm. 762 Views, 0 Comments.
Ben and I were discussing our 2011 numbers this morning and were quite encouraged at Hirsh Real Estate Specialists' performance this year!
Over $30 Million in Sales
It has been another banner year for Hirsh Real Estate Specialists! Our agents have worked tirelessly throughout 2011 to sell more than $30 million in real estate and our clients have reaped the benefits. The road has certainly had its share of hurdles, but one step at a time we are emerging as one of Atlanta's most successful real estate brokerages. If you or those you know are in need of professional real estate services, we would love to talk with you about your needs.
Mortgage Rate Lows
A high point for home owners, mortgage rates have remained unexpectedly low throughout 2011…
Monday, November 14th, 2011 at 5:29pm. 589 Views, 0 Comments.
As we approach the end of 2011, it is still a strong buyer’s market across Atlanta. Mortgage rates have dropped again since the summer and while prices are struggling to recover, certain properties seem to attract all the attention. We are always looking to grow our business, so if you or those you know are in need of professional real estate advice please feel free to give me a call.
So what’s the latest with home prices?
Home prices are actually up nearly 7% in the North Atlanta area around Buckhead and the number of homes sold is up more than 10%, which is good news. Smyrna and Vinings prices are still down more than 10% for the year, but there are a number of great homes pending sale right now, so I do expect the average price and volume…
Wednesday, August 24th, 2011 at 4:17pm. 540 Views, 0 Comments.
Amid the volatile stock market, economic gridlock in Washington and stagnant home sales, mortgage rates have continued to fall and save buyers thousands of dollars in interest.
Below is a chart showing how mortgage rates in 2011 have continued to drop for 30-year and 15-year fixed mortgages. Data is courtesy of www.FreddieMac.com
So, how does this translate into real numbers for your budget? Consider this, an average home buyer who purchases a $250,000 home today will save nearly $50,000 in interest payments on a 30 year mortgage versus a buyer who bought the same house in February for the same price.
Mortgage rates in February were about 5.05% and mortgage rates today are about 4.15%. A buyer who makes a 3.5% down payment will save…
Wednesday, August 3rd, 2011 at 2:20pm. 639 Views, 0 Comments.
We are now past the mid-point for 2011 and the most expensive property Atlanta has seen in recent years just sold. And while most of the sales numbers are down from last year, single family home sales have actually increased substantially in Vinings. Amid talks of a debt crisis in Washington, interest rates have remained low for now. It’s still a buyer’s market.
Atlanta’s Most Expensive Home – SOLD (Actually 30 min North of Atlanta)
With more than 72 acres of manicured lawns, over 30,000 square feet of luxury living, an 18 car garage, ballroom, bowling alley and a private 9 hole golf course, “Le Reve” recently sold for $9.5million. Yes, that’s a lot of money, but here’s the catch…it cost approximately $50million to build, the bank…
Wednesday, June 29th, 2011 at 3:23pm. 638 Views, 0 Comments.
Tomorrow is the midpoint for 2011 and a careful look at home sales shows some surprising numbers for Smyrna and Vinings.
Would you believe that single family home prices are down 19% in Smyrna and more than 15% in Vinings in the first half of 2011?!
Condo and town home prices in Smyrna are also down a stunning 35% for the first half of 2011 as compared to 2010!
Volume in Smyrna is still consistent with last year but Vinings is a different story. While condo sales in Vinings are down a massive 25%, single family home sales are actually up 43% in Vinings, which means buyers are taking advantage of the bargains.
Whether you're looking for fixer upper or your dream home, there is something for everyone in this market. So far the cheapest home…