Our Buyer ServicesExclusive Georgia Properties agents will lead you through each step of purchasing your new home.
Purchasing Distressed Properties
Foreclosures & Short Sales
The U.S. real estate market is inundated with foreclosed and short sale properties. First-time homebuyers account for half of these purchases, and the next largest groups are investors seeking rental properties and homeowners who realize they can move up to bigger or better homes that they previously could not afford.
These markets require the same things of a buyer as an ordinary market—only more pointedly.
Money: Buyers must be financially qualified and ready to buy. The best properties go quickly.
Motivation: Buyers must be motivated to compete successfully. Exclusive Georgia Properties agents urge their buyers in this market to be clear about both their “motivating why” and their criteria for the property itself (size, location, condition, floor plan, etc.)
Location: Contrary to the rumors, prime buying opportunities exist in almost every neighborhood and price range.
Condition: Buyers should understand that repair costs are not necessarily large. The average cost to repair is $5,000—that’s less than 3 percent of the median purchase price in the U.S. today.
Expert Help: Smart buyers know they need to be even smarter—they team up with a local Distressed Property Professional who knows local property, pricing, lenders, and the best Exclusive Georgia Properties listing agents. A strong buyers agent is a critical advantage in seeing a distressed property through from contract to close.
So, if you think you want to buy, have a talk with yourself, check your financial readiness, and get with an expert Exclusive Georgia Properties agent to learn everything you need to know and to get what you want in this market.