Wednesday, January 7, 2009

Atlanta Real Estate = Opportunity!

With literally hunderds of foreclosures per month, Atlanta is presenting an abundance of opportunity for first time homeowners, investors and even individuals with poor credit. Now is the time to strike! According to researchers and economists most recessions last for a maximum of 16 months. We entered a recession technically the last quater of 2008. That leaves approximately 1 year of opportunity if this reccession is consistent with previous recessions. In addition real estate cycles are estimated once every 20 years. It is absolutely uncertain if we will ever see this "perfect storm" again. With that being said;

  1. Interest rates are phenominal, which can't last forever, due to inflation.
  2. There is a tremendous amount of inventory to choose from.
  3. Atlanta home values are depressed due to the abundance of invetory,(deals are everywhere)
  4. Homeowners are willing to use creative methods of financing like never before all you need is a down payment.

The news media is only presenting the lemons, as an intelligent person we should take the lemons and look to make lemonade. If you don't own a home now is the time to buy. If you are or ever have considered real estate investing, now is the time to invest. A smart investor knows to buy low and sell high. (I have personally sold quadraplexes for under 100K. ) If you have bad credit, so what! People are in such distress they will give you there home if you take over the payments.

Right now more than ever "EVERYTHING IS NEGOTIABLE!!"

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