Have you been looking for a good deal on Foreclosure Homes in Milton? The time has never been better to buy your next home in Milton, Alpharetta or Johns Creek because Foreclosure Home inventories are at an all-time high. Simple supply and demand is at work here and because there is an increasing ratio of foreclosure homes to the total number of homes on the market, prices are dropping faster than ever.
But why? Simple...banks ask their agents to evaluate competition and report marketing efforts and activity each month. Each month those agents are likely to report that if they aren't getting good activity on their homes there should be a price reduction so that they do start to attract buyers. Because each bank does the same thing and there are often several foreclosure homes for sale in the same subdivision, each bank is reducing pricing to get in front of the other banks and they are chopping pricing to stay below their competition.
The result? Prices that drop like rocks and buyers gobbling the homes up often with multiple buyers trying to acquire the same house and even bidding the pricing above list.
How am I so sure of this? I am the broker of Atlantic Realty, one of Metro Atlanta's largest Foreclosure Home agents. We are seeing pricing drop each month since April 2010 and nothing so far to date has slowed it down. Many of the homes we have sold this year have had multiple offers on them. On several occasions offers went above the list price and we would have to set offer submission deadlines because the offers would literally keep coming in.
With interest rates low and the economy in slow but steady recovery, NOW is the TIME to grab your share of a good real estate deal. But be ready. You have to act quickly. Get pre-approved, begin researching and follow homes you like daily. When a suitable home hits the market, get in, check it out and submit your offer as clean as possible. A wise man once said it isn't the best offer that buys the house...it is usually the first offer.
While there are good resources all over the web to help you find and follow Foreclosure Homes For Sale, I invite you to visit our website regularly and search our list of active Foreclosure Homes For Sale at www.listingavailability.com. Here you can see if offers have been submitted on a particular home and make an offer quickly and easily.
If you aren't ready to buy but do want to start your search, You can receive an up-to-the minute list of Foreclosure Homes For Sale delivered to your email daily, weekly or whenever you like. Just click on this link and start receiving your Foreclosure Homes For Sale email list right away.
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