If you are thinking about buying NOW is the TIME! In Gwinnett County since January of 2012 there have been 678 Foreclosures and Government or HUD houses listed or are under contract.
There have been 928 Closed houses since the 1st of the year. For the same Foreclosures, Government or HUD houses.
To put that in perspective lenders have foreclosed on 1,700-2,500 homes every month in Gwinnett County. That is 14,000 (2,000 per month X 7 months) homes, since January 1st, 2012.
While only 209 of these have been listed since Jan. 1, 2012. The Banks are holding on to them for some reason.
WHAT DOES THIS MEAN TO ME? There are fewer houses coming on the market and with rates low and even owner occupied buyers having access to cash, good opportunities are being put under contract more quickly. SO if you are thinking that NOW is the TIME contact me for assistance and guidance in buying your first or next home!
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