One of the best things about any real estate auction is that you get to determine the true market price. But you have to be registered – and ready – to bid on Atlanta condos at any auction. Just like with an Atlanta foreclosure, you need to be ready to seal the deal.
One buyer got a three bedroom townhouse at Element for $257,000. The developer’s original asking price was $400,000.
When you buy a property at auction, you need to have your financing already lined up. You may not get much of an opportunity to inspect the property, and sales are final. However, with a new development, where attractive Atlanta condos are sitting empty because of the market and not because of any problem, your risk is minimal – and your rewards as a buyer are many.
This is not the first time that a developer has resorted to auctions to sell available Atlanta condos. Last year Tribute Lofts auctioned more than 50 condos.
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I’ll keep you informed about the latest news on Atlanta condos that benefits buyers. Contact me today to learn more about terrific opportunities with purchasing condos at auction and Atlanta foreclosures.
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