Updated over 12 years ago on . Most recent reply
market slowdown in metro atl
good evening members,i am derrick shipman,a fairly experienced investor in metro atlanta-over the last 6 months or so i have a had a field day selling my rehabbed properties to the hedge funds-buying 3 -4 bed ,1500 to 2000 square foot homes in dekalb and clayton county for 30 to 50k.i rehab the homes myself with the help of 1 to 2 guys at between 10 to 15 k and have been selling at 80 to 100k-however,i just finished my latest ranch (asking price 85 k) which 3 months ago would have gotten 10 offers within 7 days of putting it on mls (i am also an agent)-home has been on the market 3 weeks-no offers-that tells me that this buying frenzy is slowing down-any thoughts