Triple Crown Pre-Foreclosure: Only For Those Who Are Fast and Ready
categories: Alpharetta Real Estate
We use the phrase “Deal of a lifetime” way too often. A deal of a lifetime is really subjective and might not fit everyones idea of a deal. However,there are great deals that show up occasionally. Everyone wants a great deal, that’s just what they’re looking for, but are you truly ready to move on a great deal when it shows up?
Well, many deal hunters may not have been ready because in just a few hours a pre-foreclosure in Triple Crown hit the market, received multiple offers and the bank stopped taking new offers. For those fast and savvy buyers out there who did get an offer in, they may have landed the last ‘great’ deal in Triple Crown.
The home that was listed at 12:30 yesterday after noon, at the incredibly low price of $550,000, is now unavailable and it’s going to be really interesting to see what it sold for. The current owners paid $976,000 for it in 2006 and while I’m sure that it will sell for more than the list price, it will still be an incredible steal even for this market.
I mentioned in a post earlier this month that homes in Triple Crown have been holding their value fairly well in this market and have been moving quickly, mainly for the demand the community is able to maintain. Right now there are only 6 homes up for sale in the community (including the pre-foreclosure) and 8 homes have sold so far this year. There is a pretty strong market for this community and I don’t see any reason why it will change.
The bottom line here is that if you are looking for a great deal, you need to be pre-qualified and at the ready. While these great deals don’t show up every day, they do show up occasionally and you have to act fast in order to throw your hat in the ring. By the way, the lowest sales price in Triple Crown to date is $641,000. I’m betting this home sold for less….what do you think?
