Forsyth County Ga Foreclosure
My buyers are finding unprecedented deals on foreclosed-short sale propeties across the metro market including Lake Lanier, Johns Creek, Suwanee, Duluth and East Cobb. In most cases sellers are walking away from all equity and happy to have a closing vs. a foreclosure. On a positive note many of my sellers are moving this month. One closed last week in Loganville, we have another under contract in Kennesaw, two were just approved for short sale in Gwinnett just in time for the 8k Tax credit.
I am ready to list your house. Even with the rough market my listings are selling within 3% of listed value. The biggest factor in selling a home in today’s market is a responsive agent. Just this past weekend I had a fast moving buyer ready to write an immediate contract. Four of the homes we called (Listed by Duffy Realty) never returned our calls for showings. By listing their houses through a discount brokerage homeowners takes on scheduling showings with Realtors. Either the home owners chose not to show on Sunday or forgot to check messages until Monday morning they missed out. We wrote a full price offer on a house that was accepted late last night. How much money was saved by missing my buyer? When ready to list your house call 770-990-0743 for a same day listing appointment.
As posted: http://atlanta.bizjournals.com/atlanta/stories/2010/05/10/daily5.html
House values in Atlanta remained down in the first quarter, according to data Monday from Zillow.com.
The Zillow Real Estate Market Report shows metro Atlanta house values were down 1.5 percent from February to March and fell 6.4 percent year over year. The average house value in the area is now $142,600.
Negative equity in metro Atlanta also was high — 34.8 percent of single-family houses had mortgages under water in March, Zillow.com reported.
But CoreLogic’s (NASDAQ: CLGX) data, also published Monday, shows that in metro Atlanta 32.2 percent, or 399,129, of all residential properties with a mortgage were in negative equity for the first quarter of 2010. And another 7.9 percent, or 97,605, were in near negative equity.
House values in most U.S. markets continued to decline in the first quarter, dropping 3.8 percent year-over-year and 1 percent quarter-over-quarter, to $183,700, according to Zillow.com.
Negative equity across the country remained high, with 23.3 percent of single-family homes with mortgages underwater, up from 21.4 percent in the fourth quarter of 2009.
CoreLogic reported more than 11.2 million, or 24 percent, of all residential properties with mortgages, were in negative equity at the end of the first quarter of 2010, down slightly from 11.3 million and 24 percent from the fourth quarter of 2009.
“The two most important triggers of default, negative equity and unemployment, have stabilized over the last six months,” said Mark Fleming, chief economist with CoreLogic, in a statement. “As house prices grow again and borrowers pay down their mortgage debt negative equity levels will begin to diminish. The typical underwater borrower is likely to regain their lost equity over the next five to seven years.”
