English Team clients have been loading their shopping carts this week with deeply discounted houses from the national bargain basement sale. Foreclosures, estate sales and fire sales have been on the "buy" list for buyers represented by The English Team this week.
Bargain Basement Sale: Are you grabbing items from the sale rack at a deep discount?
If you have ever shopped bargain basement sales at Fellinis, Macys or Richs, you know the excitement of finding a bargain priced sales item in a pile of junk on the sale table. I have been busy this week writing offers for buyer clients who have found houses they want to buy among the hundreds of foreclosed and REO homes on the market in Atlanta. Some of these offers will work out, and some will not. Banks are still not seeing the wisdom in unloading this troublesome inventory. They continue to sit on houses that depreciate every day as they sit vacant and un wanted in the neighborhood.
Savvy buyers are making bargain basement priced offers on the homes and some of them will walk away with the steal of a lifetime. Others will walk away empty handed. It is a property by property decsion for the banks and they have no consistent method in their madness.
Are you thinking about buying bank owned property? You need to get your finances in order (pre approval letters from reputable lenders are a must) and get in the game. Cash offers are golden if you are looking for somewhere to put the CD money earning about one percent interest.
Call Sally English and The English Team at 770-939-3174 to find out more about buying foreclosed properties.
Sally English and The English Team. Atlanta real estate agents
Realty Associates of Atlanta; 3350 Northlake Parkway Atlanta, Georgia 30345 |770-939-3174
View more of SALLY'S BLOG: Sallys Atlanta Real Estate Updates
EMAIL SALLY: sallyenglish@englishteam.com
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All content copyright © 2009-2011 by Sarah Bryant English DBA Sally English and The English Team, Atlanta Georgia. This sale offering is made subject to errors, ommissions, change of price, prior sale and withdrawal without notice. Potential purchasers should make a physical inspection to verify all features independently. EQUAL HOUSING OPPORTUNITY. Sally English is not an attorney or CPA and ALL legal or tax advice should be rendered by a professional. Sally English is an Atlanta real estate agent specializing in homes and neighborhoods convenient to Emory University and The CDC. Thanks for visiting my BLOG!
Hey thanks a lot for the tips.I will pass this along to some of my clients.
Sally, we sell a lot of homes to Canadians looking for bargain priced winter homes. You are right.
Edward and Celia: wish we had buyers from outside our area. Most of my byers are looking for a personal home. Some are looking for investment properties for rentals. Thanks for stopping by.