March 2015

Found 3 blog entries for March 2015.

This home for sale in Alpharetta provides easy access to Ga 400, North Point Mall, beautiful Newtown Park, which offers walking trails, dog park, teams sport venues, and Starbucks, which only a short walk away. A truly unique floorplan with 2 bedrooms and full bath on the upper level, and bedroom and full bath on the main, with a family room on both levels.  Great roommate plan, or for those desiring separate living spaces. Significant improvements over the last couple of years include concrete siding, new roof, enlarged deck, plus kitchen and bath enhancements.

Directions

From Ga 400, north to exit at Haynes Bridge Rd exit 9, and go right.  Proceed to left on Alvin Drive, to left on Berkshire Manor Dr, to right on Birch Rill Dr, to home on

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Competition for Foreclosures..
As you have heard this past year represented a reversal in housing trends.  As the number of foreclosures began to decline and institutional investors became involved in the market, prices began to rise very quickly.  The results were almost a buying frenzy, motivated by the desire to get in before prices returned to pre-crash levels.

It was not uncommon for a property to receive multiple offers.  In fact we recently made an offer on a home in Alpharetta that had 31 offers and sold for 127% of asking price.

This video is what a typical day at the auction looks like.  Organized chaos!!

Trying to Get Ahead of the Competition
In an effort to get ahead of the game we decided to work the foreclosure market for a

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After months of looking at homes in the Alpharetta and Johns Creek areas, our clients looked at a Fannie Mae foreclosure in Kimball Bridge Crossing off of Kimball Bridge Road in Alpharetta, and fell in love with the floor plan.  The problem was that it needed a lot of work.   

This Fannie Mae property had been under contract previously, but was terminated due to the buyer becoming aware of the amount of worked required after going under contract.  Once it returned to the market there were multiple offers received, and my client elected to make an offer above list price and was awarded a contract on the property.  

As we entered the Due Diligence period it became extremely important to estimate the cost of the improvements and the affect the

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