The Atlanta area is massive georgraphically and there are over 25 counties that make up the Metro. I decided to place a few of the more popular city searchces for Atlanta area foreclosures online to make searching for forclosures easier.
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7 comments • Jim Crawford ~ Atlanta Real Estate-ABR E-PRO • July 28 2010 04:05PM
There term "Real Estate Recovery" is an oxymoron because it isn't occurring! It is interesting to look at what is taking place in our industry these days, and it is even more interesting to see what isn't. Historic low mortgage rates are not bringing buyers out in droves as they normally would. Massive builder incentives and bonuses are not whetting the appetite of cashed starved agents and brokers to sop up excess inventory some of which has been sitting for years. Buyers sense there is something else is about to occur. There is a pervading sense of dread that the other shoe is about to fall. Pending contracts, building starts are down...the message is loud and clear..."Slow times ahead!" In the Atlanta area, new contracts are the lowest level in over 10 years!
Rising unemployment and lack of any real job creation after massive amounts of Federal Funds have been spent... have set an uneasy mood across the nation. Consumers are finally watching their spending which in one way is good, but it also means less money is going back into the economy. Even a blind person can read the writing on the wall. It is not working. We are in a deflationary cycle that no one is acknowledging. For the consumer, it translates into a major loss of confidence. Buyers are afraid of job loss, and that they may be the next persons laid off, or their wages could be cut. They are also concerned about the future devaluation of real estate property values, inflation, higher taxes, and in turn they are afraid to take a calculated long term risk. Can we blame them for being prudent and wanting to buy right? No we cannot! This is real money they are risking. Our industry acknowledges that recently closed sales are still comprised with more distressed homes sold than anything else. That does not bode well for future property values, and according to most industry experts there is no end in sight to this vicious circle.
Washington is sending the wrong signals...are they really fixing the economy or wrecking it? The banks that were awash with taxpayer dollars are not making loans as they should. In fact the complaint many loan officers and those actively engaged in real estate have noticed that loan processors in many banks were short staffed. Instead...many banks were taking the Federal funds and creating their own hedge funds with taxpayer dollars and are making billions a month in profit mainly buy betting against the market. The interesting thing is that Congress did not foresee this before they freely gave away a trillion dollars of stimulus monies with basically without any oversight. Nothing in the last year has been done to correct this. Big bonuses in government bailed out firms that were not tied to any real performance and political cronyism has sent the message to the public at large that it is business as usual in Washington DC. It is all about them, Congress's political futures and not the welfare of the nation's.
Meanwhile if we learned any lesson from history it is not to repeat mistakes of the passes, In the 1930's immigration was suspended because what is the point of letting more persons into the country while our own neighbors were out of work? Yet Congress defiantly does nothing to correct immigration issues, or crack down on those that hire those worked that are undocumented. We are a nation that cries out equality, yet openly has a slave labor class that in our current economy only compounds the problems. Never before in the history of this nation have we had 30 million illegal aliens, and compound that with less work to go around. History also teaches us that the government interference into the economy in the 1930's actually prolonged the Depression from 1929 to 1940. There are no incentives or innovation when the private sector is removed from the equation. Higher taxes in dire times will not spur on a recovery. It will turn the United States into a feudal state and lower further the standard of living which we have learned to love in the one "Land of Opportunity!"
With federal Tarp funds and bailout monies for the economy now expiring, I see trouble ahead both short and long term for our economy. Higher taxes, less government services, high unemployment, and a contraction in home values not unlike what Japan went through for many years to come. The reason I say this is that Washington has not taken any of this seriously. They have just taken advantage of the situation for their own gain. The solutions coming out of Washington are political solutions, not real fixes. I can fully understand buyers that are afraid to risk their own capital and jump into the market. Reluctance, apprehension! Are you seeing I what I'm seeing? Where Does Real Estate Go From Here?
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57 comments • Jim Crawford ~ Atlanta Real Estate-ABR E-PRO • July 26 2010 08:16AMBank owned homes Gwinnett County GA! The time to get a great deal on a Gwinnett bank owned properties at a steep discount is now! Mortgage rates area at historic lows, and yes foreclosures are still on the rise. That presents a great opportunity for a smart home buyer that is working with an experience real estate agent that can provide the right way to move forward and buy the Gwinnett bank owned homes of their choice! For Gwinnett bank owned homes in Sugar Hill, Buford, Dacula, Duluth, Peachtree Corners, Lawrenceville, Snellville, Sugarloaf, and Hamilton Mills.
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6 comments • Jim Crawford ~ Atlanta Real Estate-ABR E-PRO • July 13 2010 06:05PM
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6 comments • Jim Crawford ~ Atlanta Real Estate-ABR E-PRO • July 12 2010 01:05PMDespite record lows in 30 year fixed mortgage rates, and record refinancing waves ...Atlanta foreclosures are still on the rise! This is a great time to buy not just any foreclosure but to pick the best properties! Better hurry when there are still a lot of good choices. Foreclosed properties occur when the money that was lent buy a lender to a borrower is not repaid. Then the lender has the right under the law to repossess that property and sell it for the deficiency. Usually the lender is a bank. In the real estate industry they are referred to as "REOs" Real estate owned. Then we have tax sales from non payment of taxes. There are also Atlanta new homes foreclosures, condos for sale and foreclosed Atlanta townhomes for sale from builders that have gone into bankruptcy. Wow that makes for a lot of Atlanta foreclosures!
Search Atlanta foreclosures listings - Atlanta Foreclosure real estate specialist for Atlanta and suburbs. Atlanta foreclosures homes for sale. Find Atlanta foreclosed government, and bank owned foreclosures for sale in Atlanta. Government foreclosures and bank owned foreclosure properties and real estate for sale. When most persons are afraid to buy is the perfect opportunity to purchase Atlanta foreclosures!
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16 comments • Jim Crawford ~ Atlanta Real Estate-ABR E-PRO • July 08 2010 11:41AM
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37 comments • Jim Crawford ~ Atlanta Real Estate-ABR E-PRO • June 20 2010 11:02PMFind Gwinnett Homes for Sale Map Search by Listed City
Gwinnett Real Estate Map Search! Find Gwinnett County GA homes for sale by a map search of Gwinnett Cities. Map search for Gwinnett homes for sale and real estate by map search in Berkeley Lakes, Buford, Dacula, Duluth, Grayson, Lawrenceville, Lilburn, Norcross, Snellville, Sugar Hill, and Suwanee.
Gwinnett County GA Map Search for Homes by City:
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13 comments • Jim Crawford ~ Atlanta Real Estate-ABR E-PRO • June 08 2010 12:20PMFirst of all, let me say this is not about IDX or broker reciprocity. This subject is more about social media postings. Routinely I notice on online social media real estate marketing agents showing pictures of other agents listings, and Blog about the listing with all the details as if it were there own. I often wonder does the real listing agent know this is occurring. For a consumer if they look at the post quickly, it will appear as if it is the listing of the poster...it is not! That is very deceptive to the public and may violate state real estate license law, and or local MLS rules and regulation and the NAR code of ethics. State laws may vary but usually agents within the same brokerage company may do so if they have their brokers permission. Agents are not allowed in most states to advertise another brokers listing. In Georgia it is not allowed.* Before you act, it is always wise to check with your broker first, abide by all state real estate license laws, and the NAR Code of Ethics!
*It is now allowed, but with permission of both brokers.
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43 comments • Jim Crawford ~ Atlanta Real Estate-ABR E-PRO • June 07 2010 09:55PMEveryone has heard the statement "Real estate is the biggest investment of your life!" Well they weren't kidding. Many homeowners are finding out now the hard way they got themselves in big trouble way over their heads. They may not even be able to set themselves financially right in this lifetime they made such a bad mistake. Marraiges have failed, homes have be lost and credit for many will probably be unrepairable for many in their remaining working careers. The fact of the matter is that many persons purchased the wrong homes, in the wrong locations, and overpaid to boot! To make matters worse they put no money down, rolled in the extras, and had the closing costs rolled into the loan. Money was no object especially when it came to granite counter-tops, and stainless appliances especially when it was all done on credit. Then to make matters even worse they borrowed against the already leveraged home's equity. Wasn't this absolute insanity? To the seasoned agent, we asked ourselves, "Who would be so foolish to do this?" "Who is advising them?" Buying a home is too big an investment to be treating the facts so lightly!
You've heard it all before. "Ask your real estate agent for advice!" "Ask your Realtor" However most real estate agents never sold more than 1 home, and many have never sold anything. How could anyone advise a client if they had no experience whatsoever? A few years ago it was very common for a home buyers agent to be their cousin, a handyman they knew, a relative, their hairdresser, a friend from college or just a drinking buddy from the bar. It was a true to life story of the blind leading the blind. The sad thing is that if you never sold a home, you really are not in a position to advise a client. An agent without experience does not have the foresight to warn a their client against buying the most obvious of faulty homes, mold, structural flaws, pending zoning changes, the quality of the product, proximity to roads and power lines etc.
Many times as seasoned agents we are asked to list a properties that we cannot sell. It is not uncommon that good agents will not list a home when they know there is no chance of a sale. They do not need 6 months of aggravation and no chance of ever getting paid by a commission. We are not social workers. The reasons are many and obvious that a home will not sell...the sellers are way upside down, the home is on busy road that is about to be widened, it is under a power-line, the home is in a designated flood zone, there is obvious mold, the home is made of EFIS, they have polybute plumbing, aluminum wiring, have problematic siding issues...or all of the above! To simply put it...we cannot help them. We are not miracle workers. They had little if any advice from their inexperienced agent before they purchased the wrong home, and then overpaid on steroids.
The point is that before persons buy or sell...buyers and sellers need to work with real estate agents and Realtors that do have experience, and extensive knowledge. In the past it was the real estate agent that qualified the buyers first before ever giving the buyer or seller to a loan officer. We were more involved in the practicality of a sale then in "Doing a deal!" There were many times in my own career I advised a client or prospect that the home was not a good deal. The phrase "NEXT!" was a part of my daily dialog. That was just sound advice, and was appreciated. Buyers and sellers must realize that a home is a massive investment, and even though there are many rewards to home ownership, there are also many caveats, and responsibilities. Once the mistake is made, some problems cannot be undone.
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65 comments • Jim Crawford ~ Atlanta Real Estate-ABR E-PRO • May 28 2010 11:27AM
I must admit I never buy products that are pitched online, but I have got to share this one. I recently had breakfast with friends of mine in Atlanta that were talking about a relative is visiting them, and had purchased MagicJack. He was using it to make local and long distance calls. It is easy to use and plugs right into your computer or laptop. The phone call is made via the Internet (VOIP!) So you use your computer and USB port for a phone connection. Once you plug MagicJack into your computer and then plug your phone into Magic Jack guess what? You have a real phone. They told me it was incredible. The interesting thing is it is cheap. So I thought I would try it.
It costs less than $40 for the part and I think about $20 for an annual subscription. I had a spare phone lying around so I did not incur any additional expense. There is no charge for local calling, or Canada calls. You can even choose the telephone number city or area code you want. It is very easy to set up. There is also a voice-mail feature. I have now been using this for several days, and cannot see any difference to my regular land lines. I just thought MagicJack was a good enough item to share with all my ActiveRain friends. It is a cheap easy and inexpensive way to pick up an extra phone line that is also portable.
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52 comments • Jim Crawford ~ Atlanta Real Estate-ABR E-PRO • May 06 2010 10:46AMContent © 2009 'Frequent Contributors'. Design © 2009 ActiveRain Corp.
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