home buying: Short Sales – Do you have the stomach for them?
- 05/12/09 10:00 AM
With the continued influx of foreclosed properties in the Atlanta real estate market, buyers can find great deals and pay thousands of dollars below the appraised home value. Luckily, foreclosures are not the only hot deals out there today. According to the Mortgage Bankers Association, when a bank takes back ownership of the house through the foreclosure process, the bank will end up losing around $35,000 by the time they get the house sold. Because of the cost the bank sustains from going through the foreclosure process, more banks are beginning to take a look at the short sale option. A … (0 comments)
home buying: First Time Home Buyers – Understanding the Process
- 04/06/09 03:44 AM
First time home buyers are making up the bulk of home sales activity this year because of the incredible deals and low mortgage interest rates. It is a great time to buy! A recent survey by the National Association of Realtors reported that 41% of buyers in 2008 were first time home buyers and that 76% of home buyers purchased their home through a real estate agent. Whether you decide to use a real estate agent to represent you or not, it is important to understand the home buying process and the costs you will incur to make the process smooth … (0 comments)
With the continued influx of foreclosed properties in the Atlanta real estate market, buyers can find great deals and pay thousands of dollars below the appraised home value. Luckily, foreclosures are not the only hot deals out there today. According to the Mortgage Bankers Association, when a bank takes back ownership of the house through the foreclosure process, the bank will end up losing around $35,000 by the time they get the house sold. Because of the cost the bank sustains from going through the foreclosure process, more banks are beginning to take a look at the short sale option. ;)
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