Acworth Foreclosures | Acworth Georgia Foreclosures | Bank Owned Real Estate and Foreclosures in Acworth Georgia

By
Real Estate Agent with Maximum One Executive REALTORS® 165062

Acworth Georgia foreclosures, bank owned real estate and REO properties.  ( REO's are properties that have been foreclosed upon and are currently owned by the bank or lending institution!) Currently there are 56 single family foreclosures in Acworth Georgia for sale.  The Acworth foreclosed homes range from a high of $459,000 to a low of  $66,000.  Some of the Acworth foreclosures are new construction with substantial discounts and upgrades, but careful attention must be paid to the level that the construction has progressed before the foreclosure has placed the home in the hands of the lender.  Quality of the construction must also be taken into consideration if the home construction project had to be completed by a builder other than the original builder.  It is also important to know how long the home has sat on the market, what was the original list price, and what is the home worth in relationship to other similar homes in the neighborhood.  There are also a lot of foreclosure homes in Acworth that are resale homes that perhaps are not a great buy because they were purchased with 100% financing.  Many of these homes are really priced at market price, and given their poor state of maintenance are not a bargain at all.  When you consider the fact that almost all the foreclosure homes in Acworth Georgia will be sold "AS IS" with no right to inspect, no seller's property disclosures, and you must close at a pre-designated closing attorney...a professional investor or experienced Acworth real estate agent may want to do more investigation.  It is a very smart thing to contact an experienced Acworth buyer's agent to work on your behalf.  . 

Jim Crawford

 

 

 

 

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Comments (10)

Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate
We're not seeing that many REOs here yet. From what I'm hearing, the banks are giving the sellers every opportunity to sell and giving them as many options as they can. I guess the banks don't want all this inventory either!
Oct 13, 2007 05:49 PM
Charles McDonald®
Charlottesville Solutions - Charlottesville, VA
REALTOR®, Principal Broker®, Owner
Jim, Let me put it this way: If I were buyinga foreclosure in Acworth Georgia, I would have to call Jim Crawford! I would want representation!
Oct 14, 2007 01:21 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate
Jim - Great piece of advice. There are lots of ins and outs to buying a foreclosed property. Looks like you are the man that consumers should be calling on for all their advice.
Oct 14, 2007 02:18 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Lisa Hill It is interesting that you say that, because that is what I found when I built the web page that accompanies this Blog.  Many are listed as corporate, estate owned, or other.  The banks are too afraid they will give the Acworth foreclosed homes away at bargain basement prices.
Oct 14, 2007 03:29 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
- CHARLES McDONALD  You are too kind.  From your lips to God's ears!  Thanks!
Oct 14, 2007 03:30 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Bill Gassett Thanks!  I need to get the phones ringing again, and this is a decent way to generate a new niche in business.  The interesting thing is that if you click at the links above for Acworth homes for sale, is that theforeclosed homes you will view are only in Acworth GA
Oct 14, 2007 03:33 AM
Christine Bohn
RE/MAX Professionals - Gainesville, FL
The Bohn Team, Gainesville FL
Jim:  How best to find a company like Acworth in my area?  Is there a place for me to do some research.   I have had 2 calls from my investor buyers wanting me to keep them up-to-speed on foreclosures again, and I told them it best to watch for short sales also - yet don't know exactly where to find them either.  It's not like our MLS database has a box to check that says "short sale".....hmmm   any advice?
Oct 16, 2007 08:02 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

First of all, it is a better thing to buy a foreclosure rather than a short sale.  A short sale is not a sure thing.  There are no boxes for check off in anyones MLS for short sale.  The other thing is that an IDX site is not an MLS, nor should it be identified as such.  An agent is the only one that supply a buyer with up to date data and info.  Correct me if I did not follow your question.

Oct 16, 2007 08:26 AM
Terence Moorer
Small Biz One! Support for your Real Estate Business - Duluth, GA

Jim

Great information!!  I would be honored to have you in my network. You have a lot of  valuable input in this area.

Jun 13, 2008 02:22 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Jun 13, 2008 02:42 AM

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