The
Atlanta real estate Metro market is still
a buyers market, and will be for some time to
come.
Despite fewer Atlanta homes for sale this year over last year, the reality is
that fewer
Atlanta homes
are being sold. With a still increasing mortgage rate, that means the
banks that are holding these mortgages have more to sell. So if you
are interested in buying Atlanta bank owned times this is the perfect time
for some great deals!
Yes even though interest rates are at historic lows for fixed rate 30 year
mortgages, Upper price ranges and luxury homes are being
avoided right now, and now we have more foreclosures even in the Atlanta luxury real
estate market. It's my opinion it is a perfect time to buy a luxury bank
owned homes or property in North Atlanta right now!. This applies to
especially to
Atlanta homes, condos, townhomes, houses, commercial real estate lofts, and also high end Atlanta luxury homes
market which has been immune until just recently.
Alpharetta,
Johns Creek, Roswell, Sandy Springs, and City of Milton!
I hear the Atlanta is a great place to buy a investment property, especially bank owned homes. I bet there are even more savings on luxury bank owned homes.
Posted by Rich Cederberg- Albuquerque Real Estate Agent (Venture Realty Group) over 1 year ago
Bank owned properties are some of the best buys on the market. Is there any end to the inventory yet?
Posted by Kay Van Kampen–Springfield, Ozark, Nixa Greene County Missouri Real Estate Agent (RE/MAX Broker, RE/MAX Solutions) over 1 year ago
Compared to many areas of the country, Atlanta has long had some beautiful luxury homes in great neighborhoods for what were relatively affordable prices. I hate to see this happening, but I can only imagine the great buys there now!
Posted by Susan Haughton ALEXANDRIA VA REAL ESTATE REALTOR, ABR (LONG & FOSTER REALTORS) over 1 year ago
6 comments • Jim Crawford ~ Atlanta Real Estate-ABR E-PRO • July 12 2010 01:05PM
Jim,
I hear the Atlanta is a great place to buy a investment property, especially bank owned homes. I bet there are even more savings on luxury bank owned homes.
Bank owned properties are some of the best buys on the market. Is there any end to the inventory yet?
Compared to many areas of the country, Atlanta has long had some beautiful luxury homes in great neighborhoods for what were relatively affordable prices. I hate to see this happening, but I can only imagine the great buys there now!
Rich Cederberg- Albuquerque RE/MAX Finest Agent (RE/MAX Finest) Rich it is and there are some incredible deals right now!
Kay Van Kampen, CDPE, Broker, Springfield Missouri Real Estate (RE/MAX Solutions) Not that I've seen et Kay! Listed inventory has come way down but over last year...foreclosures and bank owned properties are up!
Susan Haughton Alexandria, VA REALTOR® www.susanmovesyou.com (Long & Foster REALTORS® Old Town Alexandria) I totally agree Susan!