We actually live and work in Alpharetta and are very familiar with the foreclosure/short sale market in our area. We have helped quite a few Buyers to get great deals on either short sales or foreclosures in the last two years and know the process well. We just closed a short sale last month that got our Buyer an almost brand new home for under $200,000 in a neighborhood that had been selling as high as $260,000 to $280,000. The entire process of making the offer getting the contract accepted and closing the sale was completed in less than 30 days.
We also just got another Buyer under contract yesterday on another short sale that will close on the 22nd and we negotiated the contract in under 3 days. That's pretty much unheard of response time in the short sale market.
I agree with Hank below. Do not spend any money for these lists. Most of them are for for the foreclosures that are going to auction of the courthouse steps and right now that is not the best place to get good value and price. At that point the bank usually won't sell for less than the mortgage payoff so the majority of these properties end up not selling at auction and the bank has to "buy" them back. Once the bank actually owns the property then they will list it with an agent and at that time they are much more willing to negotiate a lower price. Those are the type of listings that we, and most other agents that have replied here, can access through our systems. Like these other agents we we can set you up with free automatic notices of these properties as they hit the market.
I would also recommend that you not just focus on foreclosures. We have been able to get very good pricing from some regular resales, corporate owned properties where Seller's company paid them to move and even bought their home and sold it back on the market for them, short sales /"pre-foreclosures" etc.
You would definitely benefit from the services of a skilled agent in this area and our services are free to you. Focus on what you want in a property, community, schools, amenties etc and there will surely be a property out there that fits your needs and budget.
If we can be of further assistance please call me at 770-722-6922 or my wife and Buyer's Agent , Debi, at 770-906-0317...or just email us at email@example.com.
Oh...and we also own a property management brokerage so if you want to consider leasing for 6 months to a year before you buy.....to give you more time to get familiar with our market and neighborhoods...we can offer you help there too.
Keller William Realty North Atlanta
5780 Windward Parkway
Alpharetta, GA 30005
Key Locations Property Management LLC