I was just visiting Miami when I talked to a firend who indicated that real estate sales are slowly picking up in the Miami area. There are a lot of Miami foreclosure houses and condos in the Miami area, but many first time home buyers seem to be taking advantage of the whole situation. Interest rates are the lowest in years. this is another prime motivation for people who have never bought a home to jump into the market.
There seem to be some people who are moving up into bigger homes, taking advantage of the huge discounts available out there. Some of these buyers could not afford homes of this size, just a few years ago. An investor friend of mine has been scooping up properties in the Miami area. Some agents are seeing a lot of international buyers who are taking advantage of the soft real estate market here, together with a very weak Dollar.
There seems to be some light at the end of the tunnel, as pending home sales are increasing, and many of them seem to actually be closing. I just hope to see many more houses in Atlanta go under contract
0745 Indian Village Dr Alpharetta GA 30022 - Fulton Co. #3810325 $128,900 4 Bedrooms 2 Full, 0 Half Bathrooms 1 More Picture... Status: PendingContract Subdivision: Long Indian Creek; Lot Area: Under 1/2 acre; Yr. Built: 1985 Schedule Showing Save Listing
22 405 Rill Crest Court Alpharetta GA 30022 - Fulton Co. #3813577 $120,000 3 Bedrooms 2 Full, 0 Half Bathrooms 6 More Pictures... Status: Active Subdivision: Berkshire Manor; Lot Area: Under 1/2 acre; Yr. Built: 1983 Schedule Showing Save Listing
23 10550 Ash Rill Dr Alpharetta GA 30022 - Fulton Co. #3859138 $120,000 3 Bedrooms 2 Full, 1 Half Bathrooms Status: Active Subdivision: Berkshire Manor; Lot Area: Under 1/2 acre; Yr. Built: 1983 Schedule Showing Save Listing
24 10190 Rillridge Ct Alpharetta GA 30022 - Fulton Co. #3834562 $118,900 3 Bedrooms 2 Full, 0 Half Bathrooms 5 More Pictures... Status: PendingContract Subdivision: Berkshire Manor; Lot Area: Under 1/2 acre; Yr. Built: 1980 Schedule Showing Save Listing
25 140 Birch Rill Drive Alpharetta GA 30022 - Fulton Co. #3842509 $114,900 3 Bedrooms 2 Full, 0 Half Bathrooms 9 More Pictures... Status: Active Subdivision: Berkshire Manor; Lot Area: 1/2 up to 1 acre; Yr. Built: 1983 Schedule Showing Save Listing
26 Updated 340 Knoll Ridge Ct Alpharetta GA 30022 - Fulton Co. #3851133 $110,000 4 Bedrooms 3 Full, 0 Half Bathrooms 1 More Picture... Status: Active Subdivision: Berkshire Manor; Lot Area: Under 1/2 acre; Yr. Built: 1986 Schedule Showing Save Listing
27 Updated 175 Colony Run Alpharetta GA 30022 - Fulton Co. #3822660 $109,000 3 Bedrooms 2 Full, 1 Half Bathrooms 11 More Pictures... Status: PendingContract Subdivision: Colony Glen; Lot Area: Under 1/2 acre; Yr. Built: 1985
This is just a sample of some of the really cheap Metro Atlanta houses now being sold today.
Here's my list of Atlanta Houses, priced below $10K. These houses are selling fast as investors are jumping on them. As you can see many of them just went under contract.
2932 3rd Avenue Sw Atlanta GA 30315 - Fulton Co. #3790408 $9,900 0 Bedrooms 0 Full, 0 Half Bathrooms 3 More Pictures... Status: PendingContract Subdivision: Hammond Park; Lot Area: Under 1/2 acre; Yr. Built: 1965 Schedule Showing Save Listing
32 Updated 736 Cedar Ave Nw Atlanta GA 30318 - Fulton Co. #3813580 $9,900 3 Bedrooms 1 Full, 0 Half Bathrooms 4 More Pictures... Status: Active Subdivision: Starr Edwards; Lot Area: Under 1/2 acre; Yr. Built: 1919 Schedule Showing Save Listing
33 Updated 524 Griffin St Atlanta GA 30318 - Fulton Co. #3815327 $9,900 3 Bedrooms 1 Full, 0 Half Bathrooms 2 More Pictures... Status: PendingContract Subdivision: None; Lot Area: Under 1/2 acre; Yr. Built: 1920 Schedule Showing Save Listing
34 1009 Ada Avenue Nw Atlanta GA 30318 - Fulton Co. #3805068 $9,900 3 Bedrooms 2 Full, 1 Half Bathrooms Status: PendingContract Subdivision: None; Lot Area: 1/2 up to 1 acre; Yr. Built: 1940 Schedule Showing Save Listing
35 Updated 232 Barfield Ave Se Atlanta GA 30310 - Fulton Co. #3819126 $9,900 3 Bedrooms 1 Full, 0 Half Bathrooms 8 More Pictures... Status: PendingContract Subdivision: West End Heights; Lot Area: Under 1/2 acre; Yr. Built: 1954 Schedule Showing Save Listing
36 Updated 662 McDonough Blvd Atlanta GA 30315 - Fulton Co. #3820580 $9,900 2 Bedrooms 2 Full, 0 Half Bathrooms Status: PendingContract Subdivision: None; Lot Area: Under 1/2 acre; Yr. Built: 1920 Schedule Showing Save Listing
37 Updated 691 Woods Dr Atlanta GA 30318 - Fulton Co. #3824412 $9,900 2 Bedrooms 1 Full, 0 Half Bathrooms 8 More Pictures... Status: Active Subdivision: New Center Hill; Lot Area: Under 1/2 acre; Yr. Built: 1950 Schedule Showing Save Listing
38 Updated 1342 North Avenue Nw Atlanta GA 30318 - Fulton Co. #3825029 $9,900 2 Bedrooms 1 Full, 0 Half Bathrooms 3 More Pictures... Status: Active Subdivision: Charles G Turner; Lot Area: Under 1/2 acre; Yr. Built: 1936 Schedule Showing Save Listing
39 Updated 1574 Ezra Church Dr Nw Atlanta GA 30314 - Fulton Co. #3827049 $9,900 3 Bedrooms 2 Full, 0 Half Bathrooms Status: PendingContract Subdivision: Ezra Church Heights; Lot Area: Under 1/2 acre; Yr. Built: 1954 Schedule Showing Save Listing 40 Updated 960 Deckner Ave Sw Atlanta GA 30310 - Fulton Co. #3827511 $9,900 2 Bedrooms 2 Full, 0 Half Bathrooms 1 More Picture... Status: Active Subdivision: Sylvan Hills; Lot Area: Under 1/2 acre; Yr. Built: 1940
Below is today's list of some very cheap Metro Atlanta Houses for Investors. Many of these houses are priced to sell for less than $10K. Yes you read that right. These deals are from desperate banks which need to unload them quickly as the market has been tanking. They just want to get whatever they can before things get worse. Also feel free to search on our website for many more discounted Atlanta Houses deals.
Here is a list below of Atlanta houses priced from $9K and less than $20K
594 Cairo St Atlanta, GA 30314 - Fulton Co. #3751482 $9,900 4 Bedrooms 2 Full, 0 Half Bathrooms 10 More Pictures... Status: Active Subdivision: None; Lot Area: Under 1/2 acre; Yr. Built: 1950
1420 Elizabeth Ave Sw Atlanta, GA 30310 - Fulton Co. #3767836 $11,900 3 Bedrooms 2 Full, 0 Half Bathrooms Status: Active Subdivision: None; Lot Area: Under 1/2 acre; Yr. Built: 1950
791 Coleman St Sw Atlanta, GA 30310 - Fulton Co. #3699168 $14,900 4 Bedrooms 2 Full, 0 Half Bathrooms 3 More Pictures... Status: Active Subdivision: Old Humphries St Barracks; Lot Area: Under 1/2 acre; Yr. Built: 1920
962 Michigan Ave Nw Atlanta, GA 30314 - Fulton Co. #3714373 $14,900 3 Bedrooms 2 Full, 0 Half Bathrooms Status: Active Subdivision: Washington Park; Lot Area: Under 1/2 acre; Yr. Built: 1930
875 Rock Street Nw Atlanta, GA 30314 - Fulton Co. #3748881 $14,900 3 Bedrooms 2 Full, 0 Half Bathrooms 3 More Pictures... Status: Active Subdivision: Vine City; Lot Area: Under 1/2 acre; Yr. Built: 1950 1023 Camilla Street Atlanta, GA 30314 - Fulton Co. #3730007 $16,000 3 Bedrooms 2 Full, 0 Half Bathrooms Status: PendingContract Subdivision: Ware And Harper; Lot Area: Under 1/2 acre; Yr. Built: 1925
677 Langston Dr Sw Atlanta, GA 30315 - Fulton Co. #3711081 $16,900 4 Bedrooms 2 Full, 0 Half Bathrooms Status: Active Subdivision: None; Lot Area: 1/2 up to 1 acre; Yr. Built: 1940 Schedule Showing Save Listing 8 Updated
895 Spencer St Nw Atlanta, GA 30314 - Fulton Co. #3701461 $16,900 3 Bedrooms 2 Full, 0 Half Bathrooms Status: Active Subdivision: None; Lot Area: Under 1/2 acre; Yr. Built: 1925
821 Pelham St Atlanta, GA 30318 - Fulton Co. #3720649 $17,500 3 Bedrooms 2 Full, 0 Half Bathrooms 7 More Pictures... Status: PendingContract Subdivision: None; Lot Area: Under 1/2 acre; Yr. Built: 1950 74 Stratford Dr Nw Atlanta, GA 30311 - Fulton Co. #3727381 $18,900 3 Bedrooms 2 Full, 0 Half Bathrooms 4 More Pictures... Status: Active Subdivision: None; Lot Area: Under 1/2 acre; Yr. Built: 1940
More than 6000 Atlanta foreclosures are being auctioned this week. This includes a long list of homes bought just several years ago when anyone who could breathe in and out was being qualified for a home loan. There's evidence that a lot of these homes are victims of the subprime mess. Another huge number of them are just people who made wrong financial decisions. One of such homes was actually on the ABC hit show "Extreme Makeover" just a few years ago. The home is located in Clayton County just south of downtown Atlanta. The owners went through several refinances and now probably owe far more than the home is worth. The Bank whcih lend them the money stands to lose several hundred thousand dollars as the house is probably not worth that much. The banks are bleeding and it will nit surprise me if some of the major Banks will soon go under as Indymac did a few weeks ago. This will have a very negative impact on the Atlanta Real Estate Market as many more Atlanta Houses go into foreclosure. Atlanta Investment Property Hunters have never had a better time.
When is the Atlanta Georgia real estate market going to improve? That is the Million Dollar Question. I guess no one knows. I would buy when the market hits the bottom if I knew exact when the market will hit the bottom. A lot of people are now anxious to buy as many people don't want to miss the next coming boom. There's no doubt that there will be a boom within the next few years. So how do you take advantage of this?
Some home buyers (so-called move-up buyers) are actually putting their current Atlanta Houses for sale as lease purchase and going ahead and buying the next home. Let's say you are now living in a $150K home and you want to sell it to buy a $300K home. You may want to lose $20K on your current home and pick up a good deal on a home selling for $300K, buying it for a $60K discount. You end up far better of doing that. Just something to think about. Many people looking for Atlanta Investment Property Deals are also taking advantage of this. There are a lot of Atlanta foreclosures out there at huge discounts. These include Covington Georgia Real Estate Deals and Conyers homes for sale at huge discounts.
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.
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.
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.
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.
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.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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