If I could do all that, why would I need you?
I'd go very very easy with getting into this pool without someone you implicitly trust on the ground -
Park Mason Brokers
Have you noticed our commission has DROPPED on bank properties?I'm happy to see builders building new construction.
With pros - which it sounds like you work with - I guess this can be effective if everyone is on their game. It would be preferential to a seller to work with someone with no inspection.....I can see that
But for a rookie to think they can do this.....oh boy
Lately, in the h&b situations the listing agents have come back stated the bank want a clean offer and ask for all inspections & conditions to be remove. A lot of investors don't do home inpsections.
I have protected myself with a home inspection clause on my buyer agency agreement also I never recommend a home inspector I let the buyers find their own. On my foreclosure listings 99.9% of investors don't do a home inspection.
For those of us that have been in this business long enough, we've seen this movie in Atlanta before. There are different players right now but the investor / speculator influence is nothing new. Prices will be bid up well beyone where the market dictates, rentals will becomes tedious and repairs required and investors will cut and run. The pros will do it well ahead of the rookies so that by the time the rookies realize the bottom has fallen out, it's too late.
Think Wiley E. Coyote hanging there on a ledge that's been blown off the side of a cliff....he blinks, realizes what's about to happen and disappears in a cloud of dust at the bottom on a 1000' ravine.
Then the cycle begins anew....
My esteemed Trulia Voice colleague, Hank Miller is the best appraiser in GA, Hank is also one of the best real estate agents in GA. I agree with him - read his savvy article in the web reference. Here's an excerpt from his spot on article about the hoarding from hedge funds and major players that box out an investor like you:
"Many Atlanta real estate agents and buyers that make it a habit to attend the monthly county auctions lament the influence of these organizations. The impact is significant; many times knowledgeable local buyers are either shut out completely or secure only a small part of what they hoped to buy. The comments are consistent; these bulk purchasers are simply overpaying for the properties whether it be on the steps or for properties listed in the MLS. That chicken will come home to roost just as it has in the past."
If you would like to join the Atlanta market I also suggest to bring your patience. It's not a overnight deal. I would love to discuss your investment wants & needs. I also list foreclosures for the banks.
Solid Source Realty
Prudential Georgia Realty Buckhead
Looking forward to your response :) Hope your inbox can handle it all.
I work with many out if town investors myself.
However when speaking with new to the area investors I do tell them the days of buying a home for $30K are just about over.
So it pretty much depends upon your budget as well as what area of the city you would like to focus on. There are opportunities out there, but being as though we are in a sellers market they take quick action.
Feel free to contact me anytime with any questions.
Tyler Willis, REALTORÂ®
Keller Williams Realty Intown Atlanta
621 North Ave NE, Suite C-50
Atlanta, GA 30308