Impact of Foreclosure Homes in Our Neighborhoods -Suwanee Georgia

Real Estate Agent with Results Realty Services, LLC and Mossy Oak Townhomes

Everyone knows that Foreclosure Homes have had an impact on neighborhoods across America. During my experience with showing groups of people foreclosure homes in Suwanee Georgia, I have found some interesting facts. One neighborhood has a foreclosure home currently active that is the lowest active listing in its neighborhood. Yes, this home needs a roof, exterior siding repair, interior ceiling repair from a leak, sheet rock repair, fresh paint, new flooring through out and update appliances, but after these repairs the home is a great value for a family or even a resale. Another neighborhood has a foreclosure home that, believe it or not, is the highest active listing in the subdivision and needs a complete rehab. In the next neighborhood we have two active foreclosure homes. One is priced with other homes in the neighborhood, a larger home in this subdivision, needs some repairs but in good condition. The second home is a smaller ranch home that needs a lot of repairs but is priced 100k below the rest. Last, we have a great deal in a great location with small repairs. In conclusion, I have found that foreclosures have impacted the price of the homes in our neighborhoods, but they are not always the best deal in the neighborhood.


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Linda Suidan

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