Buying Distressed Properties in Atlanta
We are experts at foreclosures, short sales, and auction home purchases.
Foreclosures, short sales, HUD homes, and auctioned homes are classified as distressed properties. In some areas of the Atlanta market, over 40% of home sales fall into this category. For buyers, this is truly a great opportunity. However, this is an area that does require the level of expertise of an experienced buyer’s agent.
The Go2Team has been trained to handle all types of distressed sales and knows the ins and outs. These sales are handled quite differently than regular sales and require unique contracts, in-depth research (including the use of Real Valuator), different types of pre-qualifications from lenders, and special styles of negotiating. We have successfully assisted many buyers in purchasing some incredible homes in the past few years, and many have seen instant equity when they walked out of the closing.
Most of the companies that handle foreclosures have included a buyer’s agent commission in the price of the home. Because foreclosures can be difficult transactions to negotiate, it is imperative to have a knowledgeable agent representing your interests.
Several differences between foreclosures and short sales are indicated below. The procedures are handled differently for a foreclosure vs. a short sale, so it is imperative to have a buyer’s agent with expertise in this area.