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Atlanta Short Sales

Looking to buy a short sale?

Read this first... What is a short sale? The short answer is a sale where the lender agrees to take a shortfall on the loan balance due from the current owner to release the lien and allow the property to be sold to another party.

Before the short sale can take place however, the lender must agree to take the reduced amount. Sounds easy, reasonable, especially considering the current real estate market? Yeah, not so much! Keep in mind you are dealing with a financial institution, need I say more? In addition, you may be dealing with more than one lien holder, in fact there may be several lien holders, there may be a mortgage insurance company, an investor that holds a portfolio of properties including the one you want. A host of people have to get in the boat to make a successful short sale. It is a tedious process, but as the saying goes... Good things come to those who wait, but not for those who wait too late!

WARNING, THE PRICE YOU SEE MAY NOT BE REAL! In most circumstances the bank has yet to approve a list price. They want an offer first. Therefore the listing agent is left to his or her own devices to come up with a guesstimate, a price that is low enough to generate an offer, but high enough for the lender to respond.  

WARNING #2, Short refers to shortfall, not short as in the length of time that it takes the bank to respond. Buying a short sale does not have to be a scary process. At Glennda Baker & Associates we have agents that specialize in short sales. Inspect before you buy is the best advice. Keep in mind that if the owner did not have the money to pay the mortgage they probably did not have the money for maintenance, repairs or upkeep and that all leads to problems when a home remains neglected over a long period of time and what may appear as a good deal based on the sales price in the end the total cost to own may be about the same as the well maintained, privately owned home that was priced to sell.  There are currently over 4,800 potential and approved short sale single family homes available, every shape, size and price range. I have organized this list highest to lowest based on price. If you see a home in here that peaks your interest you can, contact Glennda Baker & Associates and we can answer all of your questions when it comes to buying a short sale.    

$900,000 - $1,000,000

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000


MLS# 4338832

MLS ID: 4338832
Price: $1,000,000
Address: 1481 Jones Road
City: Roswell
Bedrooms: 6 Bathrooms: 4
Property Type: RES
Description: THIS EXECUTIVE HOME IS PART OF A 10 ACRE ESTATE.MAIN HOME FEATURES ELEGANT GOURMET KITCHEN WITH ALL THE BELLS AND WHISTLES.MASTER ON THE MAIN WITH SITTING ROOM AND SITTING AREA,TWO-SIDED FIREPLACE FROM MASTERBDRM TO MASTERBATH.THEATRE GAMEROOM WITH FULL SERVICE BAR,LIVING AREA,DINING AREA AND FITNESS ROOM ON THE TERRACE LEVEL
Listing Provided Courtesy Of: KELLER WILLIAMS REALTY ATL PART

MLS# 4315311

MLS ID: 4315311
Price: $999,999
Address: 1388 Bridgemill Avenue
City: Canton
Bedrooms: 6 Bathrooms: 5
Property Type: RES
Description: comments to follow!
Listing Provided Courtesy Of: KELLER WILLIAMS REALTY PARTNERS

MLS# 4226974

MLS ID: 4226974
Price: $999,000
Address: 4182 CUMBERLAND POINT Drive
City: Gainesville
Bedrooms: 5 Bathrooms: 4
Property Type: RES
Description: SHORT SALE APPROVED. LAKEFRONT ESTATE IN GATED COMM. CUSTOM DESIGNED HOME W/IMPORTED TILE, HDWDS, GOURMET KITCHEN W/ VIKING APPS, SOARING STONE FIREPLACES, GENTLEMANS STUDY, MASTER ON MAIN. TERRACE W/ MEDIA, BILLIARDS, FITNESS & CUSTOM STONE BAR. SALINE POOL W/SPA & MUCH MORE. CALL FOR ADDITIONAL FEATURES.
Listing Provided Courtesy Of: KELLER WILLIAMS RLTY LANIER PTNRS

MLS# 4322068

MLS ID: 4322068
Price: $999,000
Address: 5025 Powers Ferry Road NW
City: Atlanta
Bedrooms: 4 Bathrooms: 3
Property Type: RES
Description: Potential Short Sale. Prvt secluded paradise on 2.2 acres N. of Chastain. Charm of original 1930's estate w/spectacular gardens surrounded by brick wall. Open plan perfect for entertaining. LR views enchanting courtyard w/waterfall. Fireside DR. Sunny kitchen w/cabinets galore & island. Beamed ceiling in MBR w/fplc & sitting rm overlooking serene wooded vista, outdoor patios, gorgeous pool. 2BR guest house.
Listing Provided Courtesy Of: HARRY NORMAN REALTORS

MLS# 4298757

MLS ID: 4298757
Price: $995,000
Address: 310 Old Ivy Road NE
City: Atlanta
Bedrooms: 4 Bathrooms: 4
Property Type: RES
Description: POTENTIAL SHORT SALE SUBJECT TO LENDER APPROVAL. WALK YOUR KIDS TO SARAH SMITH FROM THIS CUSTOM-BUILT HOME. MASTER ON MAIN. PROFESSIONAL KITCHEN OPEN TO FAMILY ROOM. UPSTAIRS SET UP FOR KIDS WITH 2 BEDROOMS WITH IN-SUITE BATHS, GAME ROOM AND OPEN LOFT AREA. FINISHED TERRACE LEVEL FEATURES BEDROOM, BATH, AND HOME GYM. BEAUTIFUL SALT WATER POOL WITH LOTS OF POOL DECK AND FIRE PIT. PROFESSIONALLY LANDSCAPED GROUNDS.
Listing Provided Courtesy Of: DORSEY ALSTON REALTORS

FMLS LogoListings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. © 2012 First Multiple Listing Service, Inc.

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