A partner agent there tells us his inventory level in Atlanta is down to just 4 or 5 weeks now. He notes that large institutions are sucking up all properties they can find, to aggregate yields and securitize them as packaged investments on Wall St, , as a new asset class.
So, this year, there are no year end bargains in Atlanta as prices are up, up and away. This is great news for investors who have already bought, but for others still looking to jump in, it’s now more a case of acting quickly on offers or placing orders for similar types of properties that they have already seen and reserving immediately when they come available- the days of long inventory lists has passed.
Check you inbox each Thursday for the P4P newsletter or visit www.property4peanuts.com to sign up. Our sales Manager, Dan, lists the available properties. Although it’s getting harder all the time, we are still providing sharply priced foreclosed properties in Atlanta and elsewhere that will make solid investments. Ones that will ride the wave of rising prices and make 2013 a high earning year for you!