We believe there is a window of opportunity in the Atlanta area to take advantage of the foreclosure crisis.
Unfortunately, many Georgians have lost their homes in recent times. Banks own a glut of vacant foreclosed homes and they are selling at record low prices, particularly in Dekalb and Fulton county. In 2007 Georgia had the 5th highest foreclosure rate -this is not a statistic we are proud of, but there is a real opportunity to buy deeply discounted homes (50 to 60 cents on the dollar) from banks.
Click here to see 2007 foreclosure statistics.
In the last ten years alone, Georgia grew by 26 percent—one-fifth faster than the rest of the nation. Between 1995 and 2000, the state had a net increase of over one million people—the fourth largest net gain in the nation. Georgia adds about 540 people every day.
Click here for poplutaion growth in the Atlanta area.
Oh, I almost forgot, interest rates are historically low, the vacancy rate is decreasing, and rental rates are increasing!
We feel the market conditions are optimal for a buy and hold strategy – Call us today to discuss in further detail.
404-259-6838 |