Foreclosures in Atlanta are going fast Multiple Offers everywhere
53Loft in Alanta under contract in 5 days
All over Atlanta foreclosures and short salesare being scooped up by out of state investors, first time homeowners and people with cash to buy. The market has taken a turn for the better in the the past 6 months. It use to be a lot easier to get a great deal in Atlanta. This time last year home buyers were much more cautious about purchased real estate the tide has turned.
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If you are looking for a foreclosure come prepapred. You can be in for a lot of legwork. But if you are prepared you will not be heartbroken. First off
Have a preapproval - from a major bank not a mortgage broker
Have a Good Faith Estimate (GFE) - this is the next step after the preapproval and make you look more serious
Pay Cash if you can - you can get a better deal. However make sure that you have proof of those funds in the form of a bank statement.
Get Listings fast - Work with an agent who can give you access to listings as soon as they come on the market. Trolling around on real estate sites may mean you may miss the opportunity to make an offer.
See millionaire foreclosures that were under contract in less than 14 days in Atlanta
http://www.atlantashousedeals.com/
