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September’s “This Month in Real Estate”….

September 3, 2010

Foreclosures are all the buzz these days right?  Well, actually its old news- even if you dont work in the industry and get inundadated with information about foreclosures and shortsales, you know that they are a huge part of our market now and they can represent a big problem for sellers… but a big opportunity for buyers.  Did you know that CaliforniaArizona and Florida were the top three markets for foreclosures in the first half of 2010.  Right here in our own home state of Georgia, “The state had one foreclosure filing for every 400 houses in January. Georgia had the eighth-most foreclosures of any state in January” (Read more: Georgia foreclosure rate among highest, but slowing – Atlanta Business Chronicle )

In the following 2 1/2 minute video, Jay Papasan, of Keller Williams Realty and co-author of bestselling books “The Millionaire Real Estate Agent” and “The Millionaire Real Estate Investor”  explain some important steps when considering a purchase of a foreclosure, which could represent as much as a 20% discount from other homes in the same area. 

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