Hot Foreclosure Opportunity in White Columns | You Must Act Quickly
categories: Alpharetta Real Estate, Buyers, Foreclosures
Everyone wants a foreclosure, so here it is. This is an outstanding opportunity in White Columns, but like all good opportunities, you need to be able to make a decision and make it fast.
The house in question is in the Colonnade section of White Columns that has the entrance off Birmingham Highway.
The highlights of the house are:
- 4 Bedrooms (including the Master) and 3 Bathrooms upstairs
- 1 Guest Bedroom and full Bathroom on the main
- 1.6 acre cul-de-sac lot
- 5,000-ish heated square feet
- 3-car garage
- Hardwood floors on entire main level
- Full, unfinished, daylight, side-entry basement
The reason this is such an immediate opportunity is that the house has been under contract three separate times to close as a short sale from the bank.
Each of those deals has fallen through for no fault of the seller or the condition of the property.
I should know because one of the buyers was mine: His wife had put it under contract when she had come to town on a house hunting trip contingent on his approval. He wound up liking something else so they backed out of this one. However, in the process they had an inspection and I know firsthand that there isn’t a single significant problem with the house. All it really needs in some painted inside and new shutters outside.
The latest buyer to pull out has left the seller in a real lurch this time. The clock is running out on the short sale opportunity. If the house is not put under contract by Tuesday, it will be sold on the steps of the County Courthouse.
The current list price of the house is $475,000. Last November, this house was listed at $650,000. There was another foreclosure in the neighborhood, that frankly I didn’t care for as much that recently sold for $525,000.
But let me put it to you this way: Here is a house that can be purchased for about $150,000 less than its ultimate, longer term value. It would be the lease expensive home in the neighborhood and with a little TLC a charming place to live. It is in the best school districts in a solid community with a good reputation where there is only upside.
Let me put it another way: at $475,000 it is hard to make a mistake with this house. I can show you homes all day long in the $400,000-$425,000 range that are small, have smaller lots, are older and not as well constructed and are not in nearly as nice of a neighborhood. For just a pittance more in monthly payment you can get this house.
I can show you the deals; It’s up to you to pull the trigger. Contact me immediately for more information because this one has a short fuse.
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Can you give me the house address and the year this house is build.
Thanks.
This house did not foreclose last month…they got a one month stay of execution. Getting a bunch of showings but no offers yet. This is a killer deal.
Come on people, don’t let the investors make all the money. This is a great opportunity for a homeowner.