The current foreclosure crisis has opened up an amazing opportunity for home buyers to find their dream home at an unbelievable price. It also presents an amazing opportunity for investors to lock in profits buying great properties at discounted prices.
If you’re thinking of buying or investing in a home in the near future, then this might be the most important book you’ll ever read.
You will learn how to find the best foreclosed homes on the market. Some of these homes are available for pennies on the dollar! You’ll also learn how to side-step costly repairs and expensive bank closing fees.
Now, I know you're probably skeptical. That's normal and healthy. Let me give you three good reasons to back up what I claim:
As a Real Estate Broker in the Intown Atlanta real estate market, I specialize in helping buyers and investors find, evaluate and acquire foreclosed homes.
My new book, “Foreclosure Home Buying Secrets,” has helped home buyers and investors learn the entire foreclosure process from A to Z. In the book, I detail the foreclosure process timeline, how to find the best properties and avoid hidden costs.
I’m constantly studying our market, walking through new foreclosed homes and assessing the critical housing statistics to pinpoint the best foreclosed homes on the market.
As you probably already know, a record number of homes across the country went into foreclosure between 2008 and 2011, and that number is only expected to grow in the near future. All these foreclosures are making the real estate market one big “clearance sale” for homes, as distressed homeowners and banks try desperately to unload properties.
“Prices are back to where they were in 2000.”
David M. Blitzer, Analyst,?Standard & Poor’s
Just to give you some perspective: In the United States in 2006, the percentage of houses in some stage of foreclosure was as low as .58%. Just one year later (2007) more than 1% of all homes were in some stage of foreclosure. And some states (such as Florida) had foreclosure rates of 2% or more.
The trend continues through 2012, as foreclosures continue to rise. The statistics show that the number of foreclosures in 2011 jumped 112%, reaching a nationwide average of 1.8%.
In fact, some experts predict that one-third to one-half of all homes on the market in early 2012 will be bank-owned (foreclosed) or short sales (pre-foreclosure) properties. And what does this mean to you? It means there will be plenty of opportunities.
With the recent shifts and changes in the real estate market, Atlanta Foreclosures, REOs and Bank Owned homes presents a true once in a lifetime opportunity for saavy investors and buyers scouting the market for instant equity.
Research local schools, including rankings, state report cards and school websites.