The Foreclosure Market in N. Georgia
It goes without saying that North Georgia real estate has never seen a foreclosure and short sale market like this! Following along with the rest of the country, the housing recession has finally hit here. Of course this is a great time to be a buyer not only because of all the selection of homes at such depressed prices but because interest rates are at a record low. For many loans a 4% - 5% interest rate is now available. Also the foreclosure homes that are coming on the market are not the same breed as before. Unlike the past–broken windows, stained carpeting, vandalism, etc are really NOT the norm. Most of the homes I am showing these days are only a couple of years old and in very good condition. I think the low teaser rates and then the sudden jump in the monthly mortgage payment caught many homeowners by surprise. But this does explain why we are now seeing an influx of very attractive foreclosure and short sale homes being offered for sale. For first time buyers this is a great time to be purchasing a home. For others it can be a great time to move up or to purchase an investment home. Cherokee County, Cobb County and Fulton County are all very sought after areas to live because of the great neighborhoods, amenities, and schools. Contact me for more information on foreclosures and short sales in any of these areas. All neighborhoods and all types of homes have fallen victim so whatever you are looking for if you are patient we can find it - and at a huge discount!
cherokee county, Cobb County, foreclosures, Fulton County, N. Georgia, short sales
