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How to Buy Foreclosure Homes?

By
Real Estate Agent with Renaissance Realty Group of Keller Williams Atlanta Partners

Step 1: Finding the Right Foreclosure

Choosing the right foreclosure is about starting with a big scope picture of the market and then narrowing down your options, and that starts by understanding your goals is this purchase and investment? a Buy and Hold? or a Buy Fix Rent? or Buy Fix Occupy then Sell? once you know your goals, then you need to develop a can start to target properties by town, city, county or even zip code, school system, price, rehab costs, bedrooms and baths.

As an experienced agent in this Georgia Foreclosure market I can't tell you how many times a day I get a call with the other party saying "I want to by a Foreclosure.. can you help me " ... and the other party has not even determined they what they will do with the property once they get it.. the old dog chasing a car joke.  Yes Foreclosures in Georgia are a GREAT Opportunity. If they fit your current and long term goals.

Working with an experienced agent you'll be able to view listings for all kinds of different foreclosure sales, including pre-foreclosures, auctions, foreclosures and bankruptcies, which fit you big goal.

We may starting at a broad level and narrowing down the details from there will make it easier to find the specific types of properties that you want to buy we may only tour 5 or 10 but remember I have probably looked at over 100 to get you the top of the top that meet your defined goal and if you are changes that target or unclear about you real goal, we could miss a great opportunity. So communication is key remember I work for you... first foremost and always.

So if Buying a Georgia Foreclosure is on your mind lets sit down define your goals and get started.

Posted by

If you or someone you know is thinking of buying or selling a home have them give me a call .. we will get it done ...right 

Eric Reid 

Associate Broker

Keller Williams Atlatna Partners
Team Leader 
Renaissance Realty Group

Comments (2)

Andrew Monaghan
The Monaghan Group - Glendale, AZ
CRS, GRI, EPro Associate Broker

This is valid here in AZ, there are great buys but are you ready to be an investor?

 

Jan 09, 2009 01:40 AM
Eric Reid
Renaissance Realty Group of Keller Williams Atlanta Partners - Lawrenceville, GA

Well we are all "investors" at one level or another... and It's just how far in we will let ourselves go

Jan 09, 2009 01:54 AM