Are you looking for a deal in the Alpharetta Real Estate market? If you can deal with some red tape and a long closing process, you might want to check out some Alpharetta foreclosures and short sales. Many of these Alpharetta homes are currently listed for tens of thousands below market value and some are even in move in condition.
Alpharetta Short Sales - Short sales are currently taking 3-6 months to close, depending on the financial institution involved. Bank of America and Wells Fargo are currently taking longer than most other banks. All offers must be approved by all lien holders and that takes time. There has been new legislation passed to speed up the process, but we still have not seen any improvements.
Alpharetta Foreclosures- Foreclosures actually are closing much faster these days. They are already bank owned and are already assigned to an asset manager. Usually can close within 2-3 months of offer date. On these properties it is important to know that they are all purchased "As-Is". Many times the banks require all due dillegence to be done before writing an offer.
To view a sample of Short Sales and Foreclosures in Alpharetta please click here.
Jennifer Giraldi is a North Atlanta, GA REALTOR® with Solid Source Realty. For more Real Estate information and home selling tips,foreclosure and short-sale information please visit our Atlanta Real Estate site or call Jennifer at 678-469-9519.
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