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The number of months worth of inventory available in Forsyth County for Bank Owned properties. 137 are currently available, 531 have sold over the past 12 months. Clearly a sellers market if you are looking for foreclosures.
On the last day of each month I post a “Big Number” or interesting figure related to real estate in [...]
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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.
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 [...]
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
It certainly has to be the word of the year, and everywhere you go people are talking about foreclosures. The comments range from “I want to buy a foreclosure, something worth $300k that I can pick up for about $100k!” to “I can’t sell my home because these damn foreclosures keep showing up in my [...]
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