“Opportunities” Category of Posts

“Opportunities” is the category where we will post about pending foreclosure notices, potential short sale situations, renovations, revitalized neighborhoods and just great deals as we see them.  Of course we can’t tell you all of them!  That would be for our exclusive clients but there are a few great examples every month that we will showcase. 

Remember that a notice of foreclosure does not necessarily mean that the property will ever make it to auction.  That is why we call those situations “Notices to Note”.  Many times, the owners are able to work something out with the lender to recast the loan or a buyer may approach the seller before auction and buy the property subject to any encumbrances the buyer may or may not be able to discover.  I personally like REO’s that have gone to auction and been bid back in by the lender.  In fact, I nearly tripled my money on one such opportunity.  There are less unknowns and the property you inspect will likely be in the same shape when you take posession as it was when you inspected it.  In any given month there are hundreds of foreclosures in the Atlanta markets we serve.  We will highlight properties we think are worth watching in that subcategory “Notices to Note”.  Subscribe to the feed and you can get those properties the minute we post them.  We pay all the expensive subscriptions so you don’t have to and we preselect what we highlight based on the luxury market we serve.  

A home on the market that we feel is just right for renovation is another opportunity we will post under “Ready to Renovate“.  I have purchased for my own account, and found for clients, wonderful homes that were overlooked by other buyers in the market.  They may have started out priced too high or simple cosmetic issues may have turned potential buyers off. 

One such purchase I made was a combination of both condition and price.   I had been watching the property for months and when a huge storm sent an oak tree through the family room the time was right for an offer.  Interestingly, a well-known T.V. personality who renovates properties on his own show purchased this property from the buyer I flipped it too.  I was pleased to see that the changes I made to make it marketable were just enough as aside from some paint changes, the home was virtually the same last winter when he sold as it was when I sold it five years ago.  

We will also showcase neighborhoods in Atlanta whose time has come due to rezoning or changes in nearby infrastructure or amenities that make them “Worth A Second Look”.   I have a handful of favorites and there is nothing “greener” than revitalizing an aging community rather than creating one in a green field.  It feels good to be a part of repositioning an asset so people see it in a whole new way.  Invariably these situations are the result of many passionate people with a common goal.

So check out “Opportunities” or subscribe to the feed.

Tags: Opportunities