Looking for a deal on an Atlanta Home?

Welcome back!

In today’s market, everyone wants a deal and there is no better place to look for a deal in Atlanta today than the many foreclosures that are available. And I’ve noticed some really nice foreclosures recently coming on the market.

Many of my clients have listing alerts set up for homes that meet their search criteria and I think it is one of the best ways to keep on top of the market.

So it should come as no surprise to you that I have several listing alerts set up for searches that I’m specifically interested in including all real estate activity in my neighborhood, searches for several clients who want more filtered results that I would review first before sending to them and of course, Atlanta foreclosures.

Distressed properties tend to get a lot of attention as soon as they come on the market, so it’s definitely critical if you’re an Atlanta home buyer to be working with an experienced agent who has  a solid knowledge of the market and knows when a deal is a deal and it’s time to make a move.

One important thing to understand is that when lender owned homes come on the market, there is usually lots of competition for the good ones. You’re not likely to have your offer accepted in the first week or two if it’s less than the list price. If a home sits unsold for over a month, there will be a price reduction (and there will generally be a price reduction every 30 days thereafter until someone makes an offer) and at that point, all bets are off, make your best offer but you can feel a little more comfortable offering a discount to list.

If you would like your own Atlanta foreclosure listing alert set up, contact us and we’ll be glad to customize one for you.