Well…sort of.
I learned something new recently and I have to admit, I still can’t believe it’s true. We had a buyer under contract to close on a foreclosure by the end of the month. Of course, with foreclosures you have the ability to perform an inspection but typically they are purchased as-is. Banks usually [...]
18
The total number of distressed homes available right now on Lake Lanier, with a boat dock. Out of 422 total listings, that is only 4.3%.
On the last day of each month I post a “Big Number” or interesting figure related to real estate in our area.
The market is correcting, are buyers?
Here are the stats: 5 bedroom, 4 bath, 3700 square feet on 3/4 of an acre with a gentle walk to a covered double-slip dock. Reduced from $549,900 to $449,900!
I’ve tried to sell this home and frankly I’m baffled that it’s still available. Has the news media drilled into buyers [...]
Continue reading about Why is this Lake Lanier Foreclosure still on the market?
I have a few clients looking for foreclosures on Lake Lanier so I’ve pulled together some statistics you might find interesting - I did. I took a look at homes for sale on Lake Lanier, by County, and broke that data down by distressed and non-distressed sales. Take a look at the following charts:
Homes available [...]
There have been news reports recently that home sales across the country dropped off significantly from Nov 09 to Dec 09, but we looked at the year-over-year trends and found that home sales in Forsyth County for the 4th qtr. of 2009 were up 23.4% over 4th qtr 2008. There are several factors that are [...]
Continue reading about Home Sales Shoot Up in Forsyth County
Why can’t I find a $250,000 home for about $150,000?
I’ve had more than a few people ask me this question lately. There are still a lot of home buyers looking for great deals but the all seem surprised when they aren’t finding many foreclosures out there. Sure if you just search for any foreclosure in North Atlanta [...]
Continue reading about Where are all the great foreclosure deals?
With the first quarter market data pulled together there is little news to be excited about unless you are a buyer. First quarter sales for all of metro Atlanta are down by 20% from Q1 2008, and down a whopping 35% for Forsyth County. One of the main reasons why; foreclosures and short-sales. As you [...]
Continue reading about Foreclosures Continue to Drive the Market in Forsyth County
First, before writing an offer on a short sale, understand that you may not have a response from the bank for several weeks or more than a month. So much depends on how far along conversations between the sellers and the bank has proceeded. If a negotiator at the bank has not been identified yet, [...]
Continue reading about Short Sales Part 2 – Working Through Offers
For many home-buyers out there you may already be aware of what the short sale process can be like. Certainly if you are a home owner in a difficult situation it is a good option to avoid foreclosure. But many out there may not be aware of the many challenges to selling or buying a [...]
Continue reading about Short Sales Part 1 - A Lesson In Patience
Recent Comments