Archive for the ‘Foreclosures’ Category:

An Atlanta National Foreclosure: Functional Obsolescence

By Robert Strader on March 20th, 2012
An Atlanta National Foreclosure: Functional Obsolescence
The Community Atlanta National is a prestigious gated and private golf course community located in Milton Ga. The community itself is not terribly large, with only about 26 homes built at this time. Some of the homes have been built in the late 80′s and early 90′s, a few are more recent. The course is ... [Continue Reading]

The BIG Number: January 2012

By Robert Strader on January 31st, 2012
  93% The average sales price to original list price ratio (SP/OLP) for Q4-2011 distressed sales in North Fulton. This included Bank Owned and Short Sales. Oh, by the way, 20% of those distressed sales sold for more than asking price. On the last day of each month I post a “Big Number” or interesting ... [Continue Reading]

Bank Owned Properties Moving Quickly in North Atlanta

By Robert Strader on December 5th, 2011
Bank Owned Properties Moving Quickly in North Atlanta
We hear the news reports almost daily. "U.S. Foreclosure Inventory at Record Levels", "Foreclosure Inventories Climb", etc. I’m not suggesting those reports are inaccurate, but I do want to put our local market here into context. I’m speaking specifically about the cities of Alpharetta , Milton, Roswell and Johns Creek. While inventories are down significantly ... [Continue Reading]

The BIG Number: November 2011

By Robert Strader on November 30th, 2011
23% The percentage of home sales in North Fulton for November that are distressed sales (foreclosure and short sales). With lags coming in over the next week, this will probably go up another 2-4% On the last day of each month I post a "Big Number" or interesting figure related to real estate. ... [Continue Reading]

Three Scary Real Estate Deals for Halloween

By Robert Strader on October 27th, 2011
Three Scary Real Estate Deals for Halloween
Halloween is right around the corner and we all love a good scare around this time of year. I went a little outside our North Atlanta "Box" and pulled three frighteningly horrific properties from Atlanta that you can buy today – if you dare! Oh, and the property descriptions are not made up… For the ... [Continue Reading]

North Fulton Comes In Last, and That’s Good

By Robert Strader on September 16th, 2011
North Fulton Comes In Last, and That’s Good
The latest report from RealtyTrac stated that 1 in every 570 households nationally received a foreclosure notice. The State of Georgia is ranked number 4 with 1 in every 346 households receiving a foreclosure notice in August. When people hear this news it makes you sink back in your seat and think, "our market sucks ... [Continue Reading]

A Truly Unique Home In Milton, Ga

By Robert Strader on September 2nd, 2011
A Truly Unique Home In Milton, Ga
I took a walk through one of the most unique homes I’ve ever seen in Milton or Alpharetta. I’ll start off by saying, this home isn’t for everyone but I wish there were more unique homes in our area? The fact that this home isn’t what you would expect to find is what makes it ... [Continue Reading]

Foreclosures: Nationally and Locally

By Robert Strader on August 26th, 2011
Foreclosures: Nationally and Locally
Here is the latest report from RealtyTrac on the percentage of all home sales that are foreclosure sales. It reflects, by state, the percentage of sales for the 2nd quarter of 2011. The state of Georgia is right up there with an average of 38%. Woefully far from the 4% number in Nebraska (those lucky ... [Continue Reading]

The Continuing Recovery: Say Hello To The Bounce Back Buyer

By Robert Strader on July 6th, 2011
The Continuing Recovery: Say Hello To The Bounce Back Buyer
Three years ago terms like Short Sale and Loan Modification were new to most people. Foreclosures were just starting to happen; we were all trying to figure out what it all would mean. Since then we’ve seen a lot of large companies and banks go out of business, become familiar with the term "strategic default" ... [Continue Reading]

White Columns Not Hurt From Foreclosures

By Robert Strader on May 23rd, 2011
White Columns Not Hurt From Foreclosures
I had a conversation recently with someone who said, “Isn’t White Columns hurting from a lot of foreclosures?” My response was that foreclosures can hurt a lot of communities but I wasn’t aware of White Columns having an inordinate number of distressed sales. There are communities like Saint Marlo – in South Forsyth – that ... [Continue Reading]
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