March 9, 2011

219+/- Atlanta Homes MUST BE SOLD!!! The REDC (Real Estate Disposition Corporation) HOME AUCTION COMES TO ATLANTA MARCH 19, 2011!

Posted in Uncategorized tagged , , , , , , , , , , , , , , , , at 7:48 pm by winterbaserva

219+/- Atlanta Homes MUST BE SOLD!!! The REDC (Real Estate Disposition Corporation) HOME AUCTION COMES TO ATLANTA MARCH 19, 2011!!!

Auction in Atlanta is coming back on Saturday March 19th.

Many will flock to this event in the hopes that they will strike it rich with their “deal of a lifetime“!! As an owner of FOUR properties bought at the REDC auction, can I please give you one, tiny, little piece of advice??? Go, BUT DON’T EXPECT TO FIND YOUR DEAL OF A LIFETIME!! If you haven’t already done so, YOU MUST read my blog about the 10 Biggest Mistakes Buyers Make in Today’s Market, of which Mistake Number 7 is trying to find your bargain at an auction.

Don’t get me wrong, I got a fairly decent price on the four properties I bought at the REDC Home Auction. But, by the time you add the auction fees, lender fees, closing costs, repairs (of which all of my homes needed between $10,000-30,000 worth of work), I realized that if I just would have been better off buying the home down the street directly from Mr. & Mrs. Seller……and FOR LESS. Of course, this was early off in my investing portfolio and just a little mistake I made that I have the privilege of sharing with you, so you don’t make the same mistake. I see it too many times; people getting caught up in the labels of “auctions, foreclosures and short sales” and miss unbelievable buying opportunities that are staring us in the face.

 Now you HAVE to read my blog about auctions…….

 Here are a Few Other Recommendations if you Plan to Buy at an Auction:

  • Do Your DUE DILIGENCE-no inspection contingencies here, you get what you get and sometimes that can be substantial. Do your research BEFORE you bid.
  • DON’T let your emotions take control-decide your highest and best bid BEFORE you go and don’t go over it under ANY circumstances. 
  • Practice PATIENCE throughout the entire process-from the winning bid, to the paper work to closing, you will need patience. Imagine how busy the closing attorney’s are with the amount of Atlanta homes being sold.
  • Don’t be surprised about the disorganization-these events move fast and they are not always well orchestrated.
  • Keep Your Eye on the Prize and WAIT-if the auction property you want ends up going to another bidder, WAIT, 40% of the homes come back around and you can get it on the second go round and maybe for LESS!!!
  • Despite everything if you still want to buy at an auction, GET A QUALIFIED REALTOR to represent you. It’s great to have a non-biased, non-emotional third party representative there to help you with the bidding, interpret the price point, explain the risks, as well as walk you through the process and paperwork. Your job is JUST starting once you leave the auction. There is a mountain of items that have to be handled and an agents fee is paid for by the auction house, so this service is completely FREE to you!

One thing is certain DEALS OF A LIFETIME are out there…..lots of them… And, if you REALLY want a good deal, call me and let me show you how to offer in on the property NO ONE’S offering on, instead of putting you in a room with hundreds of other buyers all going after the same one.

If you are looking for a Nationally-Recognized, top producing real estate agent that understands the Atlanta home auction process, then CALL ME immediately. I’ll be happy to represent you FREE.

 BUT, don’t wait!! I will need to make sure that you are registered properly!

 The REDC (Real Estate Disposition Corporation) HOME AUCTION

When: Saturday Mar. 19, 2011
Where: Georgia International Convention Center – Exhibit Hall D  2000 Convention Center Concourse, College Park, GA 30337
Time: Registration Starts Promptly at  8:00 a.m. Auction starts promptly at 9:30 a.m.
What to bring: Last 2 yrs W-2 , $2,500 Cashier’s Check ($5,000 for each subsequent) , Checkbook for balance of 5% Earnest Money Deposit (15% for each subsequent)
Properties open for inspection from 11AM to 4PM on 3/5/11, 3/12/11 & 3/13/11.  Please check individual property for specific open house information.

P.S. Did you know you can buy properties “auction-style” ONLINE from auction houses that are not as popular and have many less people bidding on them??? I can help you with that as well!

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January 6, 2011

192+/- Atlanta Homes MUST BE SOLD! The REDC HOME AUCTION COMES TO ATLANTA JANUARY 23, 2011

Posted in Uncategorized tagged , , , , , , , , , , , , , , , , , , , , at 5:36 pm by winterbaserva

192+/- Atlanta Homes MUST BE SOLD!!! The REDC (Real Estate Disposition Corporation) HOME AUCTION COMES TO ATLANTA JANUARY 23, 2011!!! (edit/delete)

  That’s right! The REDC Home Auction in Atlanta is coming back on Sunday, January 23, 2011.

Many will flock to this event in the hopes that they will strike it rich with their “deal of a lifetime“!! As an owner of FOUR properties bought at the REDC auction, can I please give you one, tiny, little piece of advice??? Go, BUT DON’T EXPECT TO FIND YOUR DEAL OF A LIFETIME!! If you haven’t already done so, YOU MUST read my blog about the 10 Biggest Mistakes Buyers Make in Today’s Market, of which Mistake Number 7 is trying to find your bargain at an auction.

Don’t get me wrong, I got a fairly decent price on the four properties I bought at the REDC Home Auction. But, by the time you add the auction fees, lender fees, closing costs, repairs (of which all of my homes needed between $10,000-30,000 worth of work), I realized that if I just would have been better off buying the home down the street directly from Mr. & Mrs. Seller……and FOR LESS. Of course, this was early off in my investing portfolio and just a little mistake I made that I have the privilege of sharing with you, so you don’t make the same mistake. I see it too many times; people getting caught up in the labels of “auctions, foreclosures and short sales” and miss unbelievable buying opportunities that are staring us in the face.

 Now you HAVE to read my blog about auctions…….

 Here are a Few Other Recommendations if you Plan to Buy at an Auction:

  • Do Your DUE DILIGENCE-no inspection contingencies here, you get what you get and sometimes that can be substantial. Do your research BEFORE you bid.
  • DON’T let your emotions take control-decide your highest and best bid BEFORE you go and don’t go over it under ANY circumstances. 
  • Practice PATIENCE throughout the entire process-from the winning bid, to the paper work to closing, you will need patience. Imagine how busy the closing attorney’s are with the amount of Atlanta homes being sold.
  • Don’t be surprised about the disorganization-these events move fast and they are not always well orchestrated.
  • Keep Your Eye on the Prize and WAIT-if the auction property you want ends up going to another bidder, WAIT, 40% of the homes come back around and you can get it on the second go round and maybe for LESS!!!
  • Despite everything if you still want to buy at an auction, GET A QUALIFIED REALTOR to represent you. It’s great to have a non-biased, non-emotional third party representative there to help you with the bidding, interpret the price point, explain the risks, as well as walk you through the process and paperwork. Your job is JUST starting once you leave the auction. There is a mountain of items that have to be handled and an agents fee is paid for by the auction house, so this service is completely FREE to you!

One thing is certain DEALS OF A LIFETIME are out there…..lots of them… And, if you REALLY want a good deal, call me and let me show you how to offer in on the property NO ONE’S offering on, instead of putting you in a room with hundreds of other buyers all going after the same one.

If you are looking for a Nationally-Recognized, top producing real estate agent that understands the Atlanta home auction process, then CALL ME immediately. I’ll be happy to represent you FREE.

 BUT, don’t wait!! I will need to make sure that you are registered properly!

 The REDC (Real Estate Disposition Corporation) HOME AUCTION

 When: Sunday Jan. 23, 2011

Where: Georgia International Convention Center – Exhibit Hall D  2000 Convention Center Concourse, College Park, GA 30337

Time: Registration Starts Promptly at  8:00 a.m. Auction starts promptly at 9:30 a.m.

What to bring: Last 2 yrs W-2 , $2,500 Cashier’s Check ($5,000 for each subsequent) , Checkbook for balance of 5% Earnest Money Deposit (15% for each subsequent)

Properties open for inspection from 11AM to 4PM on 1/8/11, 1/15/11 & 1/16/11.  Please check individual property for specific open house information.

P.S. Did you know you can buy properties “auction-style” ONLINE from auction houses that are not as popular and have many less people bidding on them??? I can help you with that as well!

 

January 4, 2011

Atlanta Homes for Sale: Year in Review.Winter Baserva, as Featured on ‘HGTV’

Posted in Uncategorized tagged , , , , , , , , , , , , , at 8:11 pm by winterbaserva

Atlanta Homes for Sale: Year in Review..Winter Baserva, As Featured on HGTV’s HOUSE HUNTERS!

Atlanta Homes for Sale: Year in Review

Winter Baserva, As Featured on HGTV’S HOUSE HUNTERS!

                              SANY1657.JPG

 2010…..WHAT A YEAR!!!!!!

In what others consider it to be a “down” market, these are the most opportunistic times available, for those willing to see that. According to the National Association of Realtors, your average agent sells 8 homes a year. This year, I sold 59!

The cherry on top of it all was that my episode of HGTV’s House Hunters aired for the first time in January 2010 and due to the large response has continued airing ever since:

Fifty-nine homes… It all started with my first sale of the year to one of my repeat investors and some of most amazing people I’ve ever met. We buy these homes for pennies on the dollar, fix them up and flip them for net profits of $25k+++ per home and we’ve done it MANY TIMES. Here’s a sampling of our after product that was SOLD to buyers this year:

          

And, boy with profits like that, my investors sure are happy with me!

As the first time home buyer’s credit diminished, buyer enthusiasm did not. This first time home buyers was over the moon when she got her good deal:

Many think that during the holidays, people aren’t buying homes, but on 12/23 just 2 days before Christmas of last year, and WITHIN TWO DAYS OF PUTTING IT ON THE MARKET, I pulled a buyer for my sellers on this lovely Roswell home.

 

Only to turn right back around and upgrade my folks into this amazing Roswell Home in Huntington Estates. My clients couldn’t believe how fast their home went and how easy the buying process was.   

As the first quarter came to an end, my pool of homes to market increased. Lovely products, with TOP OF THE LINE finishes hit the market under my direction, and sellers were able to walk away with TOP DOLLAR  for the properties they had loved so dearly, for so long.

                                  

And, while most people think that the “young” and “affluent” are buying houses, I was honored to sell Tom Ryan, a published author, 65 years wise, his FIRST HOME EVER! He was uncertain about whether we were negotiating too hard, but ended up with a STEAL on his first home and couldn’t be happier with how things turned out. Go Tom!

 And, as my team, Seasons Realty Group started ramping up, we saw a trend in more buyers hitting the waves and more families able to start their new lives off in a place they could call HOME.    

                     

Happily, the Seasons Realty Group team and their leader continued to have nothing but rave reviews:

 

This year, I even saw a pick up in Atlanta new construction sales, which are all signs that the market is improving:

             

And, many Buckhead Homes and Brookhaven Homes in high price points were being taken off the market like wild fire; this young family upgraded from their 2 bedroom condo in Lenox Heights, to one of the most prestigious gated communities off Lenox Road.

 

And right after they bought, I got their condo under contract in TWO DAYS!!

As time went on, I made my mark in Horseshoe Bend in Roswell. A neighborhood where homes average 100-389 days on the market before they sell; I sold this man’s home in 11 days for FULL PRICE. We had another FULL PRICED back up offer in the wings just in case….:

And, his neighbors that hired me after they saw the successful marketing of his home; pleasantly saw their home sell shortly after despite unsuccessfully selling with another agent prior to me:

While many Atlanta Home Sellers were worried about whether their homes would sell, I continued to bring the buyer pool they were looking for and dwindled the housing supply in Atlanta:

                    

Roswell, GA homes for sale was a term I used MORE than once. This area was HOT, HOT, HOT, in 2010. It’s no wonder why when CNN listed it as one of the Top 100 Places to live in the US.

 In less than 3 weeks, I was able to get this seller’s LAKE FRONT home under contract and SOLD!

And, my others sellers good offers came rolling in shortly after….

                                                        

And my buyers continued to buy…

                        

And, while we saw a decrease in Atlanta Foreclosures this year, I was still able to find the needle in the haystack with an UNBELIEVABLE amount of equity:

The new owners couldn’t believe how we structured their offer to get the bank to accept our terms:

And, just when I thought I couldn’t be more blessed or busy, I was able to work yet ANOTHER deal on this SEXY Brookhaven Home

And, with all of this success came the need for me to expand, and in came some more Seasons Realty Group agents. But, I COULDN’T have done it all without the most amazing business manager extraordinaire Suzanne Martin, a former top producing agent in MD who is my right hand gal, and CERTIFIED professional stager whose comments, and suggestions have been pivotal in selling my homes

As I end this year with 59 home sales, I leave you with the possibility that ANYTHING you want in life is possible. I feel SO BLESSED and HONORED that I get to practice what I LOVE every single day….

They say, “Find something you love to do and you’ll never work a day in your life,” I have found that, and I thank all of the people who trusted their home sale or home purchase with me and my team. For those of you who have worked with me or for me, know you’ve earned a friend for life and I’m always here for you. For those who haven’t, feel free to see what others have to say about my dedication and service.

“Everything you read about Winter here is ABSOLUTELY TRUE. She is AMAZING and her marketing and home selling expertise brought me 4 offers in 11 days!!! I COULDN’T BELIEVE in a down market Winter brought me a FULL-PRICE offer  on the 11th day AND had a fully-executed back up as well. I’ve watched homes in this neighborhood sit for 100-200 days and not sell. NOTHING about this transaction was easy, but Winter walked the buyers, the other agent, the attorney and the lender through the transaction. It was like watching a powerhouse! There was never a doubt that I would hire Winter, but she NEVER CEASED to amaze me with her energy, pride of work and professionalism. I have referred her to everyone I know and have been and will always be her WALKING BILLBOARD. If you even come CLOSE to having the possibility to work with her, consider yourself lucky! From Her marketing to her professionalism, to her dedication, to her experience, Winter IS ATLANTA REAL ESTATE!
R. Friedrich, VP Data Enterprise Architecture, Equifax”


I’m excited about what 2011 has to bring and what I bring to the table for those I get to work with. Here’s to a healthy, happy, prosperous and balanced 2011.
                  

                      

 

 

November 18, 2010

ATLANTA HOME AUCTIONS-Commonly Asked Questions Answered!

Posted in Uncategorized tagged , , , , , , , , , , at 3:20 am by winterbaserva

ATLANTA HOME AUCTIONS-Commonly Asked Questions Answered!

 

 

Atlanta Home Auctions…still something that is so talked about and yet still so misunderstood. There are many forms of auctions. An absolute auction is one that the final bidder price, no matter what it is, MUST be sold. We sure need a lot more of those here. Instead, Atlanta has been plagued with the online and live auctions like those from REDC, Hudson & Marshall and Roswell Auctions.

Atlanta home auctions have many pluses and minuses, but for those who have bought from an auction you’ll see that Atlanta’s BEST deals are far from any auction house offered.

If you want to know anything about auctions, just check out some of my earlier blogs, but this article is based on some of the common questions asked by auction attendees or potential buyers:

•1)      Can anyone attend an auction?
yes. All auctions are open to the public.

•2)      What do I need to register?
Typically, you will need a cashiers check for at least $2500-5000 made payable to yourself and additional ones if you plan on purchasing multiple properties. You will also need a driver’s license or other form of photo ID.

•3)      Can I do an inspection after the property closes? What is my due diligence period?
NOTE: ALL INSPECTIONS MUST BE DONE PRIOR TO PURCHASING THE PROPERTY. Auctions are “as is, where is” sales, so don’t be caught in an “emotional” purchase without seeing the property first.

•4)      Can I still use my agent?
Yes. Your agent will need to register as your client and be present with you during the auction to receive credit.

•5)      Can I purchase the property in a company name?
Yes, but be sure to bring articles of incorporation, etc. with you during the auction day to provide proof when signing.

•6)      What happens if I decide I don’t want the home?
You can pretty much consider your earnest money and deposit gone. Do your HOMEWORK first and don’t “think” later.

As the owner of four properties I bought at an auction, I can tell you there are SOME good deals out there, but by the time you add the auction fees, lender fees, closing costs, repairs (of which all of my homes needed between $10,000-30,000 worth of work), I realized that if I just would have been better off buying the home down the street directly from Mr. & Mrs. Seller……and FOR LESS. Just a little mistake I made that I have the privilege of sharing with you, so you don’t make the same mistake. See too many times we get caught up in the labels of “auctions, foreclosures and short sales” and  miss unbelievable buying opportunities that are staring us in the face.

Here are a Few Other Recommendations if you Plan to Buy at an Auction:

  • Do Your DUE DILIGENCE-no inspection contingencies here, you get what you get and sometimes that can be substantial. Do your research BEFORE you bid.
  • DON’T let your emotions take control-decide your highest and best bid BEFORE you go and don’t go over it under ANY circumstances. 
  • Practice PATIENCE throughout the entire process-from the winning bid, to the paperwork to closing, you will need patience. Imagine how busy the closing attorney’s are with over 1,400 Atlanta homes being sold.
  • Despite everything if you still want to buy at an auction, GET A QUALIFIED REALTOR to represent you. It’s great to have a non-biased, non-emotional third party representative there to help you, as well as walk you through the process and paperwork.

 

One thing is certain DEALS OF A LIFETIME are out there…..TONS OF THEM… And, if you REALLY want a good deal, call me and let me show you how to offer in on the property NO ONE’S offering on, instead of putting you in a room with hundreds of other buyers all going after the same one.

If you are looking for a qualified realtor that understands the Atlanta home auction process, then CALL ME immediately. I’ll be happy to represent you FREE. BUT, don’t wait!! I will need to make sure that you are registered properly!

Upcoming Atlanta Home Auctions:

  • Hudson & Marshall
    Atlanta Mariott Northwest
    200 Interstate North Parkway
    Atlanta, GA 30339
    November 20, 2010
  • Over 100 Total homes being auctioned

 

P.S. Did you know you can buy properties “auction-style” ONLINE from auction houses that are not as popular and have many less people bidding on them??? I can help you with that as well!

October 13, 2010

Atlanta Home Values-What the Recovery Means to YOU as an Atlanta Home Buyer!

Posted in Uncategorized tagged , , , , , , , , , , , , , , , , , , at 8:18 pm by winterbaserva

Atlanta Home Values-What the Recovery Means to YOU as an Atlanta Home Buyer!

Atlanta home sales are rising…slowing, but surely. Soon, builders will be buying lots and building again and prices will no longer be in free fall. After so much pain, signs of a recovering housing market are starting to surface, so what does this mean to you??

For folks in the high-end market, this still means long waiting periods. In the mid-range homes in Atlanta, we are still seeing homes move at a fairly decent rate of 6-10 months. Of course, the lower-priced Atlanta foreclosures and Atlanta short sales is where we see most of the action occurring. A big chunk of the 1.9 million post-boom foreclosures have been among the least expensive of the 35% of homes.

The tax credit did a world of good for stabilizing home values and we say an increase of 9% from a year ago in the $100-250,000 homes due to it. However, we’ll truly start to see the end of the housing bust once unemployment stabilizes.

Despite the hurdles, the Atlanta home market is not as bad as it may seem. But, of course, you won’t hear news headlines of that nature. Greater demand combined with less supply is providing a big spark to the Atlanta home market. Buyers in many Atlanta areas are going up against the dreaded “multiple offers”. This can easily be overcome for buyers with terms that the banks understand like large earnest money deposits, quick closes and low contingencies.

Since the beginning of 2010, over 20,849 homes have SOLD according to FMLS data. This is an average of 3,500 homes per month (that have been changed properly in the system). Not too shabby considering all of the doom and gloom talk. The bottom line is that Atlanta foreclosures have always been around, they always will be around, but the bottom has hit and there is still a limited window of opportunity left to capitalize on one of history’s BEST buying opportunities.

If you’re looking to find your next STEAL OF A DEAL, call me today and let me show you how to make waves in this unprecedented time.

January 16, 2009

The REDC Comes to Atlanta and Breaks Hearts, Yet Again….

Posted in Uncategorized tagged , , , , , , , , , , , at 5:38 pm by winterbaserva

shattereddreams

The REDC Comes to Atlanta and Destroys Dreams, Yet Again….

We’ll the REDC did it again! They destroyed another one of my clients dreams……

Mr. A, my client, decided he wanted to purchase properties from the REDC Atlanta Home Auction, despite my recommendation not to. I diligently explained that good deals come in all forms-not just in Atlanta Foreclosures or Atlanta Short Sales or Atlanta Home Auctions, but all over.

I sent him my report about auctions and encouraged him to read my auction blogs.

Nevertheless, his mind was made up, so I did what any good agent would do, I supported my client. We did our part…I took him to the properties, he inspected them, registered for the auction, went there and bid on them and guess what, he got BOTH of the properties he wanted. CASH ONLY deals of which both of the houses needed $75k-$200k worth of work just to make them livable again.

We left happy and I was pleased Mr. A got what he wanted. Then the REDC did it AGAIN. They started playing the “…we’re still waiting on the seller to respond game…” The REDC started saying “…contact the closing attorney for more info…”, and the closing attorney said “…contact the REDC, we don’t know what’s going on….”

I played the “follow up game” for over a month until FINALLY we find out that the banks did not accept EITHER property. The REDC and closing attorney had in fact found this information out over three weeks ago, but did not redc-broken-dreamsinform us.

In the meantime, my buyer had gotten estimates, did inspections, started organizing the crews to get the homes in order and needless to say, got very emotionally attached to what he was going to turn these homes into.

THIS IS THE 7TH PROPERTY I HAVE BEEN INVOLVED WITH THAT HAS BEEN HANDLED LIKE THIS WITH THE REDC AUCTION!!!!

Since I started blogging about the REDC, I’ve had SEVERAL people reach out to me and tell me their stories of broken dreams, marriages ending and heartache that trying to buy from an auction cost them.

The REDC touts themselves as the “Atlanta Foreclosures and Atlanta Bank Owned” Inventory Specialists. They pay high dollars on marketing (which by the way, you end up paying for on the 5% mark up fee) to promise people the opportunity of owning a home for 50 cents or less on the dollar.

The fact of the matter is that the REDC are BRILLIANT marketers. I encourage ANYONE looking for a good deal to find them elsewhere than in auction houses. I have seen my buyers’ hearts broken one too many times and its a shame that my client got their heart broken by the REDC!!!!

October 26, 2008

REDC Atlanta Home Auction Leaves Today!!! BUT, THE GOOD DEALS DON’T!!!!!

Posted in Uncategorized tagged , , , , , , , , , , , , at 3:31 pm by winterbaserva

REDC Atlanta Home Auction Leaves Today!!! BUT, THE GOOD DEALS DON’T!!!!!

So, the last day of the REDC Atlanta Home Auction is today. Many thought the past few weekends were going to bring them their deals of a lifetime, but several people bought homes only to find out that they didn’t get what they paid for and often OVERPAID in many cases (not to mention all the work that will have to go into them being livable again).

Actually, I had two people call me this weekend after they went to the auction and said that their bids were not accepted by the bank. Therefore, they spent all their time at the auction, and made sure they were pre-approved, followed all the auction guidelines only to find out they never had a chance of getting that home at the price they were willing to pay for it….kinda sounds similar to what’s happening in Atlanta short sales too.

As an owner of 5 properties bought at the REDC auction, I know first hand the good, bad and UGLY about buying auction homes. I also know that on 4 out of 5 properties, I over paid!!!! Those mistakes cost me, but I will never make them again and have spent the last 5 months correcting those errors by seeking the ABSOLUTE BEST POSSIBLE WAY to buy houses for under market value….And, I have to admit, I’ve gotten VERY good at it. Just see what some of my past clients are experiencing.

BUT, DON’T DESPAIR, despite that the Atlanta Home Auction has left, the Atlanta Home Deals HAVE NOT…..for now!!!!

Atlanta real estate saw a 1.5% increase in home prices from last month to this month after a seven month decline. This is indicative that we are at or near the bottom of the Atlanta Housing Market.

There are still record number of Atlanta foreclosures and Atlanta Short Sales still on the market….Oh, yeah, and there’s still record number of distressed properties just WAITING to get picked up by the savvy Atlanta home buyer.

There’s still time to capatalize on the GREAT buying opportunity the Atlanta real estate market currently offers. So, GET EDUCATED and PROCRASTINATE LATER. You don’t want to be a part of the “shoulda, woulda, coulda” group when these deals are no longer available!!!!!!

October 17, 2008

1400+ Homes MUST BE SOLD!!! The ATLANTA HOME AUCTION STARTS THIS WEEKEND!!!

Posted in Uncategorized tagged , , , , , , , , at 1:10 pm by winterbaserva

1400+ Homes MUST BE SOLD!!! The ATLANTA HOME AUCTION STARTS THIS WEEKEND!!!

That’s right! The REDC Home Auction is coming back to Atlanta this Saturday, October 18.
Many will flock to this event in the hopes that they will strike it rich with their “deal of a lifetime”!!!

As an owner of FOUR properties bought at the REDC auction, can I please give you one, tiny, little piece of advice…..go, BUT DON’T EXPECT TO FIND YOUR DEAL OF A LIFETIME!! If you haven’t already done so, YOU MUST read my blog about the 10 Biggest Mistakes Buyers Make in Today’s Market, of which Mistake Number 7 is trying to find your bargain at an auction.

Don’t get me wrong, I got a fairly decent price on the four properties I bought at the REDC Home Auction. But, by the time you add the auction fees, lender fees, closing costs, repairs (of which all of my homes needed between $10,000-30,000 worth of work), I realized that if I just would have been better off buying the home down the street directly from Mr. & Mrs. Seller……and FOR LESS.

Just a little mistake I made that I have the privilege of sharing with you, so you don’t make the same mistake. See too many times we get caught up in the labels of “auctions, foreclosures and short sales” and  miss unbelievable buying opportunities that are staring us in the face.

Now you HAVE to read my blog about auctions…….Here are a Few Other Recommendations if you Plan to Buy at an Auction:

 

  • Do Your DUE DILIGENCE-no inspection contingencies here, you get what you get and sometimes that can be substantial. Do your research BEFORE you bid.
  • DON’T let your emotions take control-decide your highest and best bid BEFORE you go and don’t go over it under ANY circumstances. 
  • Practice PATIENCE throughout the entire process-from the winning bid, to the paper work to closing, you will need patience. Imagine how busy the closing attorney’s are with over 1,400 Atlanta homes being sold.
  • Despite everything if you still want to buy at an auction, GET A QUALIFIED REALTOR to represent you, just like my clients in this picture to the right did before they went to the REDC Auction. It’s great to have a non-biased, non-emotional third party representative there to help you, as well as walk you through the process and paperwork.One thing is certain DEALS OF A LIFETIME are out there…..TONS OF THEM… And, if you REALLY want a good deal, call me and let me show you how to offer in on the property NO ONE’S offering on, instead of putting you in a room with hundreds of other buyers all going after the same one.If you are looking for a qualified realtor that understands the Atlanta home auction process, then CALL ME at 678-463-3173 immediately. I’ll be happy to represent you FREE. BUT, don’t wait!! I will need to make sure that you are registered properly!

REDC-Real Estate Disposition Corporation
Lender Foreclosure Home Auction in Atlanta, Georgia

  • Atlanta & Northeast, GA Real Estate: October 18, 2008
  • Atlanta & Northwest, GA Real Estate: October 19, 2008
  • Atlanta & Midwest, GA Real Estate: October 20, 2008
  • Southern Georgia Real Estate: October 21, 2008
  • Atlanta Area Homes: October, 25 2008
  • Atlanta Area Homes: October 26, 2008

P.S. Did you know you can buy properties “auction-style” ONLINE from auction houses that are not as popular and have many less people bidding on them??? I can help you with that as well!