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Sales of Foreclosed VA Homes and Distressed Houses Rise in Georgia

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By : John Cutts    99 or more times read
Sales of residential properties, including foreclosed VA homes, have risen in the northern part of Georgia. Several local markets in the region have reported higher buying activities and increased interest from real estate investors and regular homebuyers. The region is particularly popular among buyers of second homes.

Marietta foreclosure auctions and other housing auctions in the rest of Georgia have always done better than most U.S. regions. However, the northern part of the state is reportedly starting to pull away from other local markets in terms of housing unit sales. The low prices of dwellings in the location and wide variety of choices offered to buyers have attracted a number of investors, particularly to Stephens County.

The huge amount of properties offered at Georgia home auctions has created a buyer's market in the region, realtors have stated. Local markets like Avalon, Martin, Toccoa, Cornelia and the communities near the Appalachian Mountains have recorded surging sales in the last three months or so, realtors have reported.

Low-priced foreclosed VA homes and other distressed properties are not the only ones getting snatched by buyers though, as even higher end properties are getting attention from would-be buyers and real property investors. According to local property agents, these areas offer an alternative to those who want to experience a more relaxed atmosphere that are often sought after by people living in busy metro areas. The northern part of the state is also largely known for outdoor activities and scenic locations which mostly attract second home purchasers.

Some buyers purchase homes from a foreclosed auction, while others go for lakefront villas and waterfront houses in the more luxurious neighborhoods fronting Lake Hartwell. Local realtors have reported that golf homes and houses in luxury communities are selling almost as fast as cheaper foreclosed houses. Majority of buyers, realtors have reported, come into the market to look for vacation dwellings or properties that they can invest in.

In a time when most buyers are reluctant to purchase bank foreclosures and foreclosed VA homes, the surge in housing unit sales in the region is very welcome indeed. Local real property agents have stated that they expect more buyers to arrive this year as interest among investors continues to rise.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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