August 1, 2011
Real estate is great here in the north Georgia mountains. There are great deals and buyers are taking full advantage of this. Interest rates are still historically low also. The best deals take work! The best deals can be the biggest headaches but hang in there and the rewards are there. I closed a deal a week ago that was a nightmare for my clients. The house had been partially stripped by the previous owner, window latches missing, hvac unit missing, driveway was a mess, you name it and it was more than likely missing. This was a diamond in the rough. My clients will have to do a little handy man work and a little cleaning, but the property will appraise 50% more than the purchase price with only $7,500 worth of work. I showed a 100 acre subdivision over the weekend. Roads are overgrown, needs to be regraveled, and cleaned up. To the typical buyer the place is a mess. My client sees the potential with just a little upkeep. The price is right and they are getting a steal! There are many opportunities in this market. Be patient and look at the potentials instead of the negatives and the profits will be high. Every property is not a perfect candidate but there are those that are. Now is the time to start looking for those diamonds in the rough. Call me today to be put on a list to recieve these great deals. Have a great week.
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