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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.    

Under $100,000

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# 4303065

MLS ID: 4303065
Price: $100,000
Address: 4338 Price Road
City: Gainesville
Bedrooms: 5 Bathrooms: 3
Property Type: RES
Description: Potential Short Sale in fabulous condition! Tastefully decorated.Real parquet floors in entry foyer.Beautiful tiled floors on main. Oversized brick FP in family rm. Formal LR&DR for entertaining.Big bright kitchen w/b'fast area opens to back deck & above-ground pool.Fenced backyard.Master bdrm has big walk-in closet & tiled bath.Big secondary bdrms and tiled jack&jill bath offer plenty of space for family & guests. Laundry room off kitchen leads to 2-car garage.Pull down attic stairs for extra storage.All electric.2 HVAC systems.New windows upstairs. Exterior fresh.
Listing Provided Courtesy Of: KELLER WILLIAMS RLTY LANIER PTNRS

MLS# 4303228

MLS ID: 4303228
Price: $100,000
Address: 165 Spring View Court
City: Dallas
Bedrooms: 4 Bathrooms: 2
Property Type: RES
Description: HOME ON LARGE LOT*WOOD FLOORS ON MAIN LEVEL*UPDATED KITCHEN W/GRANITE COUNTERS*FENCED YARD*POTENTIAL SHORT SALE*SUBJECT TO BANK APPROVAL*SELLER WILL CONSIDER LEASING
Listing Provided Courtesy Of: PRUDENTIAL GEORGIA REALTY

MLS# 4322728

MLS ID: 4322728
Price: $100,000
Address: 117 Red Maple Way
City: Dallas
Bedrooms: 5 Bathrooms: 3
Property Type: RES
Description: HUGE HOME FOR AN AMAZING PRICE IN AUTUMN CREEK. THREE SPACIOUS LEVELS OF LIVING SPACE INCLUDES A TOTAL OF 5 BEDROOMS AND 3.5 BATHS. FORMAL LIVING ROOM, DINING ROOM & FAMILY ROOM. THE DAYLIGHT BASEMENT FEATURES AN EXERCISE ROOM, REC ROOM OR ADDITIONAL FAMILY ROOM, A BEDROOM AND A FULL BATH. THIS WOULD MAKE A GREAT TEEN/IN-LAW SUITE. LARGE, LEVEL FENCED YARD, DECK AND PATIO.
Listing Provided Courtesy Of: Keller Williams Realty Signature Partners

MLS# 4330700

MLS ID: 4330700
Price: $100,000
Address: 3421 Steve Drive
City: Marietta
Bedrooms: 3 Bathrooms: 2
Property Type: RES
Description: POTENTIAL SHORT SALE! All offers subject to lender approval. Great home, Great school district and in a great location. This well kept home is the diamond in the rough you have been looking for. Just minutes from shopping on Dallas Hwy.
Listing Provided Courtesy Of: MAXIMUM ONE REALTY GREATER ATL

MLS# 4310961

MLS ID: 4310961
Price: $100,000
Address: 248 Milton Avenue SE
City: Atlanta
Bedrooms: 3 Bathrooms: 2
Property Type: RES
Description: BPO Complete - Waiting on Offer - Short Sale - Beautiful crafstman style 3 bed/2.5 bath home near Downtown, Turner Field, GSU and Grant Park area. Large, light-filled living room with wall of windows, hardwood floors & gas fireplace. Entertainers kitchen - new stainless appliances, hardwood floors, breakfast area & bar and view to living room. Separate dining room off kitchen. Large deck great for entertaining in the private, fenced backyard. Beautiful front porch, quiet street. Must See!
Listing Provided Courtesy Of: RE/MAX AROUND ATLANTA REALTY

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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