When Will the Real Estate Market Hit the Bottom?

When will the real estate market hit bottm? I keep getting questions from home buyers and real estate investors wanting to know when is the best time to get into the market to buy a home. When is the market going to hit the bottom? This question sounds more like the question about the current state of the economy. Are we in a recession or not? We will probably know the answers to these two questions only after the fact. It may take several months to more than a year for us to know when the current real estate market has hit the bottom. There's still a wave of foreclosures coming, but this must be viewed in a regional county by county pesrpective. People looking for Metro Atlanta GA homes will find that there are more foreclosures in some parts of the Metro are than in others. Some Atlanta houses are being sold at a huge bargain. The number of foreclosures in Atlanta still continues to rise depending on the county and even the subdivision.

So is this a good time to buy? My answer to that question is yes. And this is why. Eventhough prices may still fall some, home sellers are very motivated to cut a deal. The banks are basically giving away their foreclosures. So as a home buyer, this is the time to ask for a huge discount from the home seller: bank or private individual selling the home. You should still be fine even if there is still a small correction in the market.

Smart real estate investors are pouring into Atlanta to pick up these foreclosure properties at huge discounts. This is an opportunity for investors who missed the boat in the 90's to make a killing. The good thing about the Metro Atlanta real estate market is that we are having a net gain in population anaually. These people all need a place to stay. The rental market is very good.

Smart investors can get a free list of discounted foreclosures, and discounted new homes here.

We have access to discounted Covington GA homes, Conyers Homes, Ellenwood GA homes, Smyrna GA homes, Roswell homes and homes of sale at huge discounts in many Metro Atlanta areas.

Covington GA New Homes - New Construction up?

I was just going through my online news, when I discovered a report that new home  construction was up by 8.2% according to new figures released by the government. I was just wondering whether this is true in your neighborhoods. Here in my area (Covington GA Real estate market), there's virtually no new construction going on. I drove around the other day trying to locate any new houses under construction, but was surprised to find that many of the Covington GA new homes built more than a year ago are still on the market. There's virtually no new construction activity in these subdivions. The home builders are trying to sell their current inventory an they have drastically reduced the prices on these houses. We scout around and pu together a list of discounte homes in the area.

CLICK HERE FOR OUR FREE LIST OF DISCOUNTED HOMES.

There are also many Covington GA foreclosures currently on the market that are having a hard time finding qualified buyers. Many HUD homes are also looking for buyers with a lot of difficulties. HUD is now requiring only $100 down to move into one of their homes. They will even pay some closing costs for you. The national main stream media may be reporting that Construction activity is up, but I don't see that here in Covington. Both Residential and Commercial property construction is definitely down.

Atlanta MLS Homes Listings

Many home buyers today are looking for access to Atlanta MLS Homes Listings and Foreclosures. Many agent websites try to offer this service, but there require you to register before you can search all Metro Atlanta GA homes for sale. The idea here is that the agents want to capture as much information from the website visitor before they ever let them search for homes. There are few websites where you can search for all listed Atlanta GA homes, Covington GA Homes, Conyers GA homes, Atlanta houses and Atlanta townhomes in all Metro Areas without needing to give away your email address.

Click HERE to Search ALL Atlanta Homes for sale - NO email registration required to begin searching.

Simply save all listings that you are interested in and then you can come back and search on the same site. You can even set up an email alert system to alert you about any brand new listings AND price reductions that match your home search criteria. This is very important, because discounted homes tend to sell fast. You want to be the first to know about these deals.

So howmany homes do you have to see before you make a buying decision? Our philosophy here is simple: See as many Atlanta houses as you want prior to making an offer on any property. We just help you make your life easier during this home search period. We call all the listed homes that you are interested in, schedule appointments such that we can look at 10 homes within 3 short hours. We make the process efficient, saving you a lot of time and headaches.

Lithonia Real Estate Market today

A lot of buyers ot there, especailly from out of state and ask about the state of the Lithonia real estate market. Lithonia experienced tremendous growth over the past few years, however things have really slowed down now with the current nationwide housing slow-down. There are a lot of houses going into foreclosure in Lithonia. There are also many Covington GA homes going into foreclosure, ellenwood ga homes, and conyers ga homes going into foreclosure. These are towns very close to Lithonia.

Click HERE to get our list of discounted homes AND search all Metro Atlanta GA homes for sale

Lithonia is coveniently located just about 15 minutes drvie from downtown Atlanta and a very short drive from Buckhead. There are a lot of townhomes for sale here are very reasonable prices, there are also many brand new homes for sale by extremely motivated builders, who are very willing to cut a deal for savvy buyers. Some builders are even willing to work with home buyers who have a few credit issues and cannot get a loan immediately. The buikders actually sell the homes using lease purchase option.

There are also a lot of Lithonia foreclosures that have been discounted by the banks for quick sale. Someone here is losing a lot of money, but the home buyer is clearly winning here. We are seeing a lot of people searching for Atlanta houses and Atlanta townhomes focusing on Covington GA homes, Conyers GA homes, Lithonia GA homes, South fulton homes, and Smyrna GA homes. There areas are easily accessible to downtown Atlanta and the airport, the biggest employer in the Metro area.

I cannot finish this report without mentioning people looking for HUD homes. HUD has also been very aggressive in cutting down the prices on their homes.

Covington GA Houses for sale - Market Report

There are 2826 Covington GA houses for sale listed in the FMLS system today. 62 of them are foreclosures and 52 of them are HUD homes. A few of these foreclosures and HUD homes have just been discounted for quick sale. These discounted Metro Atlanta houses are very good deals for savvy home buyers.

Click HERE for our list of Discounted homes for sale.

Click HERE to Search ALL Metro Atlanta Houses for sale.

26 of these Covington GA houses are being offered for lease purchase option. The prices of these lease purchase homes range from $60-313K.

11 houses in Covington are for sale by owners who have already moved out to another location. Such home sellers are usually very motivated to sell, because a lot of them cannot afford to carry two mortgages for a long time. Prices in this category range from $115-750K.

58 of the homes for sale in Covington GA listed in the FMLS system are for sale by Certified Professional Home builders. The actual number of new homes for sale in Covington may be a little bit higher than that because the builders sometimes do not list all the Atlanta GA homes for sale in a particular subdivision in the MLS system. These home builders are becoming very motivated to sell as their inventory of unsold homes has drastically increased with slowing market. 18 of these new homes have been discounted for quick sale by these motivated builders. We help our Metro Atlanta home buyers find discounted Atlanta GA homes for sale.

Atlanta Real Estate investing

How do I find Atlanta real estate investing opportunities? This is a question many investors now interested in investing in the Atlanta real estate market ask us everyday. This is a great buyers market. Is it a good market for investors? I would refer to experienced investors like Robert Kyosaki and Warren Buffet. They will tell you that one of the best times to invest is probably now that the market has become very tough for home sellers.

So where is the best place to buy Atlanta houses and Atlanta foreclosures for investment?

Click here for our list of discounted Metro Atlanta houses for sale.

I tell my investors to buy inside the perimeter in neighborhoods that witnessed great renovations during the boom years. It must be noted that a lot of these Atlanta houses were selling for $250K and up just about two years ago, but a savvy investor can pick up a a discounted Atlanta foreclosure house there for less than $125k. You may need to do some repairs, but you will surely have some big profits once the real estate market recovers within the next 2-3 years. I advise investors to rent out these properties for the short time while waiting for the market to recover.

So what are the best exit strategies?

1. Buy the foreclosures now and rent them out lobg-term (remember to take out a fixed rate mortgage).
2. Buy these discounted Atlanta houses and then turn around a offer them for lease purchase.
3. Buy the homes at a discount, turn around and sell the houses fast for quick profit. It must be noted that this is a difficult option now.

Click here for our list of discounted Atlanta foreclosures homes.

Click HERE to search all metro Atlanta houses for sale here.

Atlanta Houses for Sale - What to do before closing.

We locate many discounted Atlanta houses for sale for our savvy home buyers and the question that keeps coming up is: What should a home buyer do prior to closing.

I tell any prospective buyer to start the smart way, if you want to end up saving some bucks when you buy. Here are some points to consider.

1. Try to locate one of the discounted Atlanta houses on the market. This is the first step towards saving money. These include Atlanta foreclosures or Atlanta bank foreclosures, Atlanta HUD homes, and many pre-foreclosures. You need a a knowledgeable real estate professional to help you with this.
2. Make sure you do your due deligence, prior to accepting any offer on the house. This includes getting a home inspection, an appraisal, a property survey, an environmental report etc.
3. I also encourage my home buyers to make sure that the drive to and from the property during rush hours to have a good idea of the traffic situation in the area.
4. Get pre-qualified, by a major lending institution, before you commit your earnest monies. you want to make sure that you can close. Many potential home buyers are having a lot of difficulties getting a loan now.
5. Talk to the neighbors. This is extremely important. After all these are the people you will be living with. Neighbors will often give you a good history about the property. A neighbor once disclosed to us that a certain property that was a foreclosure, had a lot of flooding problems, because of the bad landscaping. This is information you cannot get from the seller (bank) as Atlanta bank foreclosures are usually sold as is.

These are just some of the issues to consider. We help our buyers find discounted Atlanta houses for sale and guide them through the home buying process.

You can get a free list of our discounted Metro Atlanta houses for sale HERE.

Covington GA foreclosures HUD Homes

Looking for Covington GA foreclosures and HUD homes?

Click HERE for your FREE list of Discounted Homes.

There are 59 foreclosures listed in the FMLS system this morning located in Covington GA. There are a total of  617 covington ga homes for sale. 22 of these covington ga foreclosures have just recently been discounted as the banks have become really motivated to sell. There are a total of 617 covington ga homes for sale. So that adds up to be less than 10% of all the homes for sale are foreclosures. This is comparable to the number of Metro Atlanta houses  for sale that are actually foreclosures.

CLICK HERE TO SEARCH ALL HOMES FOR SALE.

So the challenge for the average home buyer is to decide what type of home to buy. There are so many options out there now and even some of the new homes in Covington have been drastically reduced for quick sale. So buying a foreclosure may be a good idea, but there are some other options too, like buying a discounted brand new home in Covington GA. A new home offers the buyer the opportunity for the buyer to ask for upgrades, or ask for a good discount. This was not possible to do in Covington just a few years ago, as builders were building as fast as buyers were flowing. The market is especially good for people buying a "move-up" home. There are even fewer move-up buyers today than usual.

Metro Atlanta HUD homes and Covington GA HUD homes in particular offer some wonderful home buying opportunuities for the first-time home buyer. HUD actually has a program where the home buyer needs just a few hundred dollars to move into one of their homes. HUD will even help pay for the repair expenses. You need an experienced Covington GA real estate agent to help you navigate the HUD home buying process. The Agent must be registered with HUD to be able to do that. Click here to Contact a HUD registered Real Estate Agent.

Madison Creek Homes Conyers GA

Looking for Madison Creek homes for sale in Conyers GA?

Simply CLICK HERE to start your home search.

Madison creek is one of the most exclusive new homes subdivisions in Conyers GA. The homes have more than 5000 square feet of living space. The community offers an exclusive life style in this East Metro Atlanta community only available to a fortunate few. The homes are specially design and built with four side brick with a lot of european stucco accents. The property is located an a rolling hill with very beautiful drive into the community near a creek. These Metro Atlanta houses here in Conyers are priced in the $800K and up. The home builders started building here just a few years ago. There are still a few homes available for sale in the community. We also serve buyers looking for Covington GA homes, Conyers GA homes, Stockbridge GA homes, Snellville GA homes, Loganville GA homes, Tucker GA homes and Lawrenceville GA homes.

Madison Creek Homes Conyers GA

Looking for Madison Creek homes for sale in Conyers GA?

Simply CLICK HERE to start your home search.

Madison creek is one of the most exclusive new homes subdivisions in Conyers GA. The homes have more than 5000 square feet of living space. The community offers an exclusive life style in this East Metro Atlanta community only available to a fortunate few. The homes are specially design and built with four side brick with a lot of european stucco accents. The property is located an a rolling hill with very beautiful drive into the community near a creek. These Metro Atlanta houses here in Conyers are priced in the $800K and up. The home builders started building here just a few years ago. There are still a few homes available for sale in the community. We also serve buyers looking for Covington GA homes, Conyers GA homes, Stockbridge GA homes, Snellville GA homes, Loganville GA homes, Tucker GA homes and Lawrenceville GA homes.