5 Tips for Buying a Foreclosure

November 21st, 2009

It’s often the subject of the water cooler talk…the co-worker who just got a steal on a foreclosure. Now you may be in the market, having been looking at Roswell homes for sale.

Certainly, foreclosures are dominating the national and local housing market. Currently, there are 1.5 million such homes for sale, and more are expected to be available soon. That provides both opportunities and pitfalls for bargain hunters.

But before you jump into this with both feet, make sure you’ve taken the time to understand what it means to buy a foreclosure and make sure you’re represented by a local Realtor who can advise you throughout the process.

Here are five tips to consider to successfully buy Roswell foreclosure home.

1. Contact your Realtor

This may seem simple, but local Realtors that are active in the market follow the Roswell home inventory closely and know when a great deal pops up. Their working knowledge of the local market provides you with a huge advantage.

2. Get pre-approved with your lender

With foreclosures, you’ll find being pre-approved is a two-step process. You’ll want to get pre-approved with your preferred lender prior to starting your home search. This sets the benchmark for what homes you can afford and what your monthly payment would approximate.

Second, when you’ve identified a Roswell foreclosure that you want to make an offer, you’ll generally need to get pre-approved with the bank’s preferred lender. You are not obligated to use them, but banks just want to make sure that you can truly qualify to purchase the home.

3. Like sharks to blood 

Keep in mind that many banks have finely figured out that it makes a whole lot more sense to price their Roswell foreclosures at significant discounts to the market. This often results in a feeding frenzy and a multiple offer situation. Don’t get caught up in the feedding frenzy. Just offer what you would be happy paying for the home and if you get it, you get it. Realize that if you don’t get it, there will be more opportunities in the coming months.

4. Inspect, inspect, inspect

Be prepared to hire a professional inspector once you have a Roswell foreclosure home under contract. Keep in mind that while foreclosures are listed “as-is”, it does not preclude you from being able to have a due diligence period to inspect the property. By as-is, the bank is merely stating that they don’t know anything about the property and will not be fixing anything. Also, realize that you may be responsible for turning on the utilities. Foreclosures often do not have utilities turned on.

In 25% of cases, homebuyers do persuade lenders to fix some of the problems before the sale closes. Most of the time, banks would rather sell the house to the next available bidder — one who doesn’t ask the bank to pay for repairs.

5. Be patient

While banks do respond fairly quickly on an offer, it’s definitely not the same as buying a regular home. Keep in mind that some banks may have a holding period, say 10 days, when initially listed before they will respond to offers. Each property may have different peculiarities, but just realize that being patient and flexible will go a long ways towards getting a great deal on a Roswell foreclosure.

House passes homebuyer tax credit

November 5th, 2009

Today, the House of Representatives overwhelmingly passed a bill that would extend the $8,000 first-time homebuyer tax credit to home purchases under contract by April 30, 2010 and closed by June 30, 2010. This is the same bill passed by the Senate on Wednesday and could be signed by the President as early as Friday.

This is an extension of the credit that was set to expire on November 30th.

The bill also creates a $6,500 credit for those who buy a home after living in their current house at least five years. These homes would also need to be under contract by April 30th and closed by June 30th.

The credit would be available only for the purchase of principal residences priced at $800,000 or less.

The bill also raises the adjusted gross income cap to $125,000 for single filers and $225,000 for joint filers. The amount of the credit currently begins to phase out for taxpayers whose adjusted gross income is more than $75,000, or $150,000 for joint filers.

This is a great opportunity for first-time homebuyers and move-up homebuyers and we’ll be discussing the value and opportunity for both of these targeted groups.

If you need assistance with your Atlanta real estate needs, be sure to contact us, your local market experts.

Smyrna Vinings Home Market Update - November

December 3rd, 2008

Smyrna Vinings Home Market Update

It’s time again for our update on the latest in the Smyrna Vinings home market? In the table above, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

Now that we’ve hit the Fall real estate market in Smyrna Vinings, we should start to see inventories further reduce in the Smyrna Vinings market in homes, condos and townhomes. This is not always a result of improved sales, but rather the fact that fewer sellers want their homes on the market over the holiday season and the additional fact that fewer buyers are usually looking at this time of the year.

This past month in the Smyrna Vinings home market we had a small decrease in the number of active listings compared to last month and a slight improvment in the months of inventory to 12.00 months. We have 679 active homes in Smyrna Vinings compared to 707 in October.

As noted previously, some areas are still heavily weighted due to so much new construction that has entered the market at a price point that was not common in the Smyrna Vinings home market. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. 

New construction in this price point include Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a 3% decrease in condo listings last month, there was a 2% decrease this month. The Smyrna Vinings condo and townhome market, decreased by 7 units over last month, with a total of 408 units now on the market compared to 415 in October. Months of inventory have increased to 15.90 months, which still has a way to go to get back to a healthy market.

Economic news has improved interest rates dramatically. Downward movement of rates signal a great buying opportunity. Also, the government financial bailout package will result in a lot of banks holding back on foreclosing on homes and trying to work out individual situations to limit the recent surge in foreclosures. This will mean fewer homes hitting the market, but it will also mean fewer opportunities for buyers or investors looking for deals.

If you’ve thought about selling your home, don’t fret. While the statistics aren’t great, homes are still getting sold. However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us.

The H2 Realty Group is exclusively partnered with Keller Williams Realty, the fourth largest and fastest growing real estate company in North America (according to the August 2005 issue of REALTOR Magazine). The H2 Realty Group provides services to home buyers and home sellers in the north metro Atlanta area including Smyrna, Vinings, Buckhead, Midtown, Brookhaven, Marietta, Mableton, Kennesaw, Sandy Springs, Roswell, Alpharetta, Duluth and Norcross. All tools and resources can be accessed at www.H2realty.com.

Smyrna Vinings Home Market Update - October

November 10th, 2008

Smyrna Vinings Home Market Update

Well, we’re back to update you on the latest in the Smyrna Vinings home market? In the table below, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

Now that we’ve hit the Fall real estate market in Smyrna Vinings, we should start to see inventories further reduce in the Smyrna Vinings market in homes, condos and townhomes. This is not always a result of improved sales, but rather the fact that fewer sellers want their homes on the market over the holiday season and the additional fact that fewer buyers are usually looking at this time of the year.

This past month in the Smyrna Vinings home market we had a small decrease in the number of active listings compared to last month but a worsening in the months of inventory to 12.19 months. We have 707 active homes in Smyrna Vinings compared to 710 in September.

As noted previously, some areas are still heavily weighted due to so much new construction that has entered the market at a price point that was not common in the Smyrna Vinings home market. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. 

New construction in this price point include Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a 5% decrease in condo listings last month, there was a 3% increase this month. The Smyrna Vinings condo and townhome market, increased by 13 units over last month, with a total of 415 units now on the market compared to 402 in September. Similar to the home, condo and townhome markets, months of inventory have increased to 15.47 months, which still has a way to go to get back to a healthy market.

Moving forward be on the lookout for economic news and how it might impact interest rates. Downward movement of rates could signal a great buying opportunity. Also, the government financial bailout package will result in a lot of banks holding back on foreclosing on homes and trying to work out individual situations to limit the recent surge in foreclosures. This will mean fewer homes hitting the market, but it will also mean fewer opportunities for buyers or investors looking for deals.

If you’ve thought about selling your home, don’t fret. While the statistics aren’t great, homes are still getting sold. However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us.

The H2 Realty Group is exclusively partnered with Keller Williams Realty, the fourth largest and fastest growing real estate company in North America (according to the August 2005 issue of REALTOR Magazine). The H2 Realty Group provides services to home buyers and home sellers in the north metro Atlanta area including Smyrna, Vinings, Buckhead, Midtown, Brookhaven, Marietta, Mableton, Kennesaw, Sandy Springs, Roswell, Alpharetta, Duluth and Norcross. All tools and resources can be accessed at www.H2realty.com.

Smyrna Vinings Home Market Update - September

October 5th, 2008

 

Smyrna Vinings Home Market Update

We’re back again for the latest update on the Smyrna Vinings home market? In the table above, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

Inventories have actually decreased in the Smyrna Vinings market in homes, condos and townhomes, but don’t get too excited just yet.  But first the good news, in the Smyrna Vinings single family homes, we look like we may have come off the summer peak and we have fewer homes on the market than last year at this time.  

This past month in the Smyrna Vinings home market we saw a 7% decrease in the number of active listings compared to last month and an improvement in the months of inventory to 11.44 months. We have 710 active homes in Smyrna Vinings compared to 763 in August.

As noted previously, some areas are still heavily weighted due to so much new construction. Builders have struggled to sell off inventory in the Smyrna Vinings home market. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. Of course the recent tanking of Wall Street, the demise of numerous investment banks and the uncertainty over financials have not helped recently.

New construction in the Smyrna Vinings area includes Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a 5% decrease in condo listings last month, there was an additional 5% decrease this month (that’s three months in a row with 5% drops in inventory). The Smyrna Vinings condo and townhome market, decreased by 22 units over last month, with a total of 402 units now on the market compared to 424 in August. Much like the home market, condo and townhome months of inventory has decreased to 14.80 months, which while an improvement, still has a ways to go to get back towards a healthier market. 

But while inventories have dropped as well as months of inventory, sales have not increased markedly. What this means is that the first two statistics appear to indicate that the market has improved, but in reality the improvement in the first two statistics is actually due to significant number of homes leaving the market as expireds or withdrawns.

What to look for? We need to keep whittling away at the inventory levels (through sales preferably) and we also have to hope that mortgage rates stay somewhat benign and don’t continue to increase. Obviously a lot of people are looking to the crazy economic news, the bailout program and the insane gas situation, all of which cause some concern.

But with all that said. Homes are continuing to sell. However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us.

What started out as a liquidity crunch and the demise of Atlanta’s own Homebanc a little over a year ago, seemed like a small tree falling over in the woods in retrospect. Now the giant Sequoias seem to be smashing to the ground with banks and investment firms disappearing or being gobbled up left and right. As I’ve continually mentioned since last year, don’t be surprised to see further deterioration.

Also expect to see the inventory amounts continue to decrease over the next few months as we head into the Fall and Winter (do we have Winter?) in Atlanta.

The H2 Realty Group is exclusively partnered with Keller Williams Realty, the fourth largest and fastest growing real estate company in North America (according to the August 2005 issue of REALTOR Magazine). The H2 Realty Group provides services to home buyers and home sellers in the north metro Atlanta area including Smyrna, Vinings, Buckhead, Midtown, Brookhaven, Marietta, Mableton, Kennesaw, Sandy Springs, Roswell, Alpharetta, Duluth and Norcross. All tools and resources can be accessed at www.H2realty.com.

Smyrna Vinings Home Market Update - August

September 1st, 2008

Once again, we’re back to update you on the lastest in the Smyrna Vinings home market? In the table below, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

Inventories have started to shrink in the Smyrna Vinings market in homes, condos and townhomes. And as we wrap up Summer, we should see inventories begin to decrease, and hopefully it will be from sales improving, but don’t be surprised to see our months of inventory continue to increase as supply is well ahead of demand.

This past month in the Smyrna Vinings home market we had no increase in the number of active listings compared to last month and a worsening in the months of inventory to 12.84 months. We have 763 active homes in Smyrna Vinings compared to 763 in July.

As noted previously, some areas are still heavily weighted due to so much new construction that has entered the market at a price point that was not common in the Smyrna Vinings home market. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. 

New construction in this price point include Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a 5% decrease in condo listings last month, there was an additional 5% decrease this month. The Smyrna Vinings condo and townhome market, decreased by 20 units over last month, with a total of 424 units now on the market compared to 444 in July. Unlike the home market, condo and townhome months of inventory has decreased to 14.96 months, which still has a way to go to get back to a healthy market.

Be on the lookout for a blip in sales next month. With down payment assistance being phased out, we could see a quick surge in the lower priced homes. Additionally, be on the look out for economic news and how it might impact interest rates. Downward movement of rates could signal a great buying opportunity.

If you’ve thought about selling your home, don’t fret. While the statistics aren’t great, homes are still getting sold. However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us. The fallout from the liquidity crunch on the mortgage industry is still of effect. In fact, don’t be surprised to see further fallout in the mortgage and banking industry.

The H2 Realty Group is exclusively partnered with Keller Williams Realty, the fourth largest and fastest growing real estate company in North America (according to the August 2005 issue of REALTOR Magazine). The H2 Realty Group provides services to home buyers and home sellers in the north metro Atlanta area including Smyrna, Vinings, Buckhead, Midtown, Brookhaven, Marietta, Mableton, Kennesaw, Sandy Springs, Roswell, Alpharetta, Duluth and Norcross. All tools and resources can be accessed at www.H2realty.com.

Smyrna Vinings Home Market Update - July

July 27th, 2008

Smyrna Vinings Home Market Update

Time for the latest update on the Smyrna Vinings home market? In the table below, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

Inventories have actually decreased in the Smyrna Vinings market in homes, condos and townhomes, but don’t get too excited just yet.  But first the good news, in the Smyrna Vinings single family homes, we look like we may have hit the peak for the summer and it’s fewer homes on the market than last year.  

This past month in the Smyrna Vinings home market we had just a 2% decrease in the number of active listings compared to last month and slight improvement in the months of inventory to 12.58 months. We have 763 active homes in Smyrna Vinings compared to 775 in June.

As noted previously, some areas are still heavily weighted due to so much new construction that has entered the market at a price point that was not common in the Smyrna Vinings home market. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. 

New construction in this price point include Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After an increase in condo listings last month, there was a 5% decrease this month. The Smyrna Vinings condo and townhome market, decreased by 22 units over last month, with a total of 444 units now on the market compared to 466 in June. Much like the home market, condo and townhome months of inventory has decreased to 15.09 months, which while an improvement, still has a ways to go to get back towards a healthier market. 

But while inventories have dropped as well as months of inventory, sales have not increased. What this means is that the first two statistics appear to indicate that the market has improved, but in reality the improvement in the first two statistics is actually due to significant number of homes leaving the market as expireds or withdrawns.

What to look for? We need to keep whittling away at the inventory levels and we also have to hope that mortgage rates stay somewhat benign and don’t continue to increase. If rates continue to increase, this will reduce buying power and cause further market deterioriation.

But with all that said. Homes are continuing to sell. However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us. The fallout from the liquidity crunch on the mortgage industry is still of effect. In fact, don’t be surprised to see further fallout in the mortgage and bankin industry.

Also expect to see the inventory amounts continue to increase over the next few months as we continue through the peak listing season in Atlanta.

The H2 Realty Group is exclusively partnered with Keller Williams Realty, the fourth largest and fastest growing real estate company in North America (according to the August 2005 issue of REALTOR Magazine). The H2 Realty Group provides services to home buyers and home sellers in the north metro Atlanta area including Smyrna, Vinings, Buckhead, Midtown, Brookhaven, Marietta, Mableton, Kennesaw, Sandy Springs, Roswell, Alpharetta, Duluth and Norcross. All tools and resources can be accessed at www.H2realty.com.

 

Smyrna Vinings Home Market Update - June

June 25th, 2008

Smyrna Vinings Home Market Update

We’re back again to update you on the lastes in the Smyrna Vinings home market? In the table below, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

Inventories have continued to increase in the Smyrna Vinings market in homes, condos and townhomes. And as we go through Summer, we’re going to see inventories rise, but hopefully sales will improve as well, but don’t be surprised to see our months of inventory continu to increase as supply is well ahead of demand.

This past month in the Smyrna Vinings home market we had just a 1% increase in the number of active listings compared to last month and a worsening in the months of inventory to 12.76 months. We have 775 active homes in Smyrna Vinings compared to 771 in May.

As noted previously, some areas are still heavily weighted due to so much new construction that has entered the market at a price point that was not common in the Smyrna Vinings home market. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. 

New construction in this price point include Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a big increase in condo listings last month, there was a 2% increase this month. The Smyrna Vinings condo and townhome market, increased by 9 units over last month, with a total of 466 units now on the market compared to 457 in May. Much like the home market, condo and townhome months of inventory has increased to 15.49 months, which unfortunately does not bode well for those trying to sell their condos and townhomes. We’ve seen nearly a 3 month increase months of inventory in just two months.

What to look for? As I continue to reiterate, the market, while overall doesn’t look that healthy, does have numerous patches of very healthy and vibrant segments. In fact, under $400,000 in homes and under $200,000 in condos and townhomes continue to lead the local market in health.

However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us. The fallout from the liquidity crunch on the mortgage industry is still of effect. In fact, don’t be surprised to see further fallout in the mortgage and bankin industry.

Also expect to see the inventory amounts continue to increase over the next few months as we continue through the peak listing season in Atlanta.

The H2 Realty Group is exclusively partnered with Keller Williams Realty, the fourth largest and fastest growing real estate company in North America (according to the August 2005 issue of REALTOR Magazine). The H2 Realty Group provides services to home buyers and home sellers in the north metro Atlanta area including Smyrna, Vinings, Buckhead, Midtown, Brookhaven, Marietta, Mableton, Kennesaw, Sandy Springs, Roswell, Alpharetta, Duluth and Norcross. All tools and resources can be accessed at www.H2realty.com.

Smyrna Vinings Home Market Update - May

May 29th, 2008

 

Ready for the latest market stats, ready for the latest on the Smyrna Vinings home market? In the table below, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

As expected, we saw a slight increase in inventories in the Smyrna Vinings market in homes, condos and townhomes. And as we go through Summer, we’re going to see inventories rise, but hopefully sales will improve as well, but don’t be surprised to see our months of inventory continu to increase as supply is well ahead of demand.

This past month in the Smyrna Vinings home market we saw a 2% increase in the number of active listings compared to last month and a worsening in the months of inventory to 12.16 months. We have 771 active homes in Smyrna Vinings compared to 753 in April.

As noted previously, some areas are still heavily weighted due to so much new construction that has entered the market at a price point that was not common in the Smyrna Vinings home market. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. 

New construction in this price point include Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a slight increase in condo listings last month, there was a 9% increase. The Smyrna Vinings condo and townhome market, increased by 36 units over last month, with a total of 457 units now on the market compared to 421 in April. Much like the home market, condo and townhome months of inventory has increased to 14.74 months.

What to look for? As I continue to reiterate, the market, while overall doesn’t look that healthy, does have numerous patches of very healthy and vibrant segments. In fact, under $400,000 in homes and under $300,000 in condos and townhomes continue to lead the local market in health.

However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us. The fallout from the liquidity crunch on the mortgage industry is still of effect. In fact, don’t be surprised to see further fallout in the mortgage and bankin industry.

Also expect to see the inventory amounts continue to increase over the next few months as we continue through the peak listing season in Atlanta.

The H2 Realty Group is exclusively partnered with Keller Williams Realty, the fourth largest and fastest growing real estate company in North America (according to the August 2005 issue of REALTOR Magazine). The H2 Realty Group provides services to home buyers and home sellers in the north metro Atlanta area including Smyrna, Vinings, Buckhead, Midtown, Brookhaven, Marietta, Mableton, Kennesaw, Sandy Springs, Roswell, Alpharetta, Duluth and Norcross. All tools and resources can be accessed at www.H2realty.com.

237 Osmanthus Way, Canton

May 20th, 2008


 

Canton Featured Home

Immaculate and well-maintained home in delightful swim/tennis community.

Desired open floor plan; largest in the community.

Priced to sell. Don’t miss out.

Neutral decor perfect for your new home.

Two story Great Room with fireplace.

Great fenced private backyard.

HOA includes front lawn maintenance.

This home is offered at $142,000.

To learn more about this Canton home, click on the Virtual Tour above, check out the property flyer or contact us directly. Click here to schedule a showing.

Exclusively marketed by:

Aaron Hofmann

Keller Williams Realty

770-653-9601

aaron@H2realty.com

H2realty.com


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