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In today's market everyone is looking for that great deal. Keep in mind it doesn't have to be a foreclosure to be a great deal. You can find many homes owned by individual sellers that have their homes priced to sell. As the real estate downturn continues most sellers have come to the realization that pricing is key to getting their home sold. So while foreclosures are often touted as the best deals a great REALTOR can help you find the best home at the best value for you.
According to ARC, The Atlanta Regional Commission about 29% of homes of the market currently in Atlanta are foreclosures. Everywhere I go everyone wants to know about foreclosures. RealtyTrac a real estate newsletter says that about 55% of home buyers would consider buying a foreclosure.
Buying a foreclosure does not have to be a scary process. At Glennda Baker & Associates we have agents that specialize in selling foreclosure homes, helping you navigate the muddy waters of distressed and bank owned properties. Inspect before you buy is the best advice. Keep in mind that if the owner did not have the money to pay the mortgage they probably did not have the money for maintenance, repairs or upkeep and that all leads to problems when a home remains neglected over a long period of time and what may appear as a good deal based on the sales price in the end the total cost to own may be about the same as the well maintained, privately owned home that was priced to sell.