Could GE Headquarters Join NCR Corp in Midtown Atlanta?

Seriously, you have to love the buzz that Midtown Atlanta is getting these days! All these plans and proposals (some definite, like NCR and some still out there like GE) make for exciting times in the real estate market! Buyer and Sellers….Beware!

Could GE Join NCR Corp in a new Midtown Atlanta Headquarters?

The Atlanta Business Chronicle reported today that even though GE has not yet set their little footies in Atlanta, there are some key players (a.k.a. incredible sites) that want to be ready to show them the town…Midtown Atlanta that is!

GE is drawing interest from multiple cities (Dallas being one of them) but the City of Atlanta and Georgia has already  met with GE. The potential relocation comes on the heels of a recently passed tax package in Connecticut that did not sit to well with GE. CEO Jeffery Immelt formed an exploratory committee, seeking a more “pro-business environment.” And we know that Governor Deal and Mayor Kasim Reed are all about the business in Georgia and Atlanta!

The ABC article included a rendition of how the GE headquarters could look as part of Atlantic Station. Here is that idea…

GE Headquarters Midtown ATL

 

Ok….this is awesome news. Now, will some architect PL-E-E-E-E-E-ZE step up to the plate and design something that will truly WOW the 300,000 cars on the Downtown Connector Daily!!!! I mean….ANOTHER square block building?  The article states:

GE leadership sees a move from Connecticut as possibly the best opportunity to remake the company, turn away from appliances, and put a greater emphasis on software development, industrial technology, or manufacturing, Atlanta Business Chronicle has reported.

Well then…if you want to remake your company, start with a truly landmark office tower that says, “Oh heck yeah…we are HERE!” And of course this is yet another location that is prime to tap the talent pool  that IS Georgia Tech!

To give you your bearings on where this could possibily happen…the photo below I took when the Cirque Du Soleil was set up…so the proposed GE tower would be about where the white tents are.

Atlantic Station Skyline MyMidtownMojo.com August 25, 2015

 

So, you can SEE why that is a killer location for an architectural masterpiece!

Let’s keep our fingers crossed that Midtown Atlanta scores another great corporate relocation….and that Midtown Atlanta might score something impressive for it’s skyline!

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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Midtown Atlanta Market Report | July 2015

Midtown Atlanta Market Report | July 2015 $200-300,000

Midtown Atlanta condominiums really do come in all shapes, sizes…and prices. Let’s take a look at the sales for July, 2015 for condominium sales with a price range of $200,000 to $300,000.

Active Listings

Midtown Market $200-300K August 24, 2015

67 condominiums are on the market in Area 23 (Of which the majority of Midtown Atlanta is in based on the FMLS) If you are looking for a 2 bedroom, and think you can’t find one under $300,000, a look at the listings shows numerous 2 bedroom options, mind you not all of them are in the central part of Midtown. But we did see listings in buildings like Park Central, Mayfair Tower and Peachtree Walk.

Pending (Under Contract) Listings

Midtown Market Report August 24, 2015

Just 16 homes are showing Under Contract. Keep in mind, we specifically pull those listings that went Under Contract during the month of July. There are actually 61 homes Under Contract in Area 23.

SOLD!

Midtown Atlanta SOLD August 24, 2015

Here we get a bigger picture of the market….and take a look at that last column on the right….Days On Market! Yes, there IS a ZERO, and the average in July, 2015 was just 21 days on the market! WOW! In comparison, in July 2014, there were 33 homes sold at an average of $247,572. While the Average Sales price is down for July of this year, I’m not concerned. It just means there were Buyers out there that picked up the low hanging fruit!

So, why did YOUR home not sell?

There can be a number of reasons, but in Midtown Atlanta condominiums, it usually has to do with your floor plan (we do have some not-so-well-thought out floor plans) or perhaps the view (both the floor and what you see out the window/balcony) and there is certainly price. If your home is on the market at Price “X” and it’s not selling, and you are not making a price adjustment, you will be ON the market. That market is telling you we are not willing to pay you what you are asking, or perhaps even make an offer at the price you have.

If you would like to see other July, 2015, Market Reports, just bookmark this post, and we will add links as we complete them.

Midtown Atlanta Market Report | July 2015 | Under $200,000

High Museum Midtown Atlanta August 24, 2015

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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Gainesville-to-Atlanta train, all aboard! | Route 666

One of the tantalizing “what-ifs” surrounding a possible Amtrak station in Doraville is the potential for Gainesville to gain instant train access to the Atlanta airport.

If, as some suggest, the old GM auto assembly plant can be redeveloped to include an Amtrak station, it would link intercity passenger rail to the existing Doraville MARTA station. Local MARTA and Xpress bus service, too.

An Amtrak train waits to…

Sourced through Scoop.it from: commuting.blog.ajc.com

See on Scoop.itOther Atlanta News Events

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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Famous People like Ed Valenti Trust MyMidtownMojo.com

When you consider placing your Midtown Atlanta condo For Sale, you have numerous things to consider. Especially when you are choosing the real estate agent to market your home. Questions like —

  • Do I use my Boss’ wife since she is an agent?
  • Do I use my Best Friend who sells real estate?
  • Do I select an agent that knows the Midtown market, my building and what is happening around me?

There are some pretty obvious answers to each of those questions. But one way you can also determine who you should work with in marketing your home is what their current and past clients have to say about them!

I’ve had the opportunity to work with several high profile clients from Los Angeles and New York. You won’t see their testimonials here, because I had to agree to never disclose that I worked with them. (You have noooo idea how bad I really wanna tell you WHO!!) But, I did have the opportunity to work with a high profile client that was more than gracious enough to share a testimonial with me about my services.

Most of you won’t know who Ed Valenti is…but you have heard of him over and over anytime you watch an infomercial on TV.

“But Wait! There’s More*!”, “NOW How Much Would You Pay*?”, “You get it all for the incredible low price of only $19.99!”, “But this is a limited time offer, so call now!”  You’ve heard all of these at some point, right?  Those catch phrases came from Ed and his business partner, Barry Becher.

I’m happy to have had the opportunity to help Ed sell his Spire Midtown condominium and share his testimonial.

Dear Prospective Homeowners:

 

Testimonial For Thom Abbott from Ed Valenti August 17, 2015
Ed Valenti, COO
PriMedia

It is my immense pleasure to recommend Thom Abbott as a real estate agent/ property manager for any individual or family searching to buy their ideal home or sell their existing home in the greater Atlanta area.

Up until the time I sold my Atlanta condo, Thom was my property manager. I cannot tell you what a relief it was to have such a knowledgeable person “on deck” to handle as aspects of my property needs. This was especially important, as I live out of state.

When it came time to sell, Thom was every bit as professional and knowledgeable in handling my listing. From the presentation of the property to utilizing all available real estate tools, nothing was left unattended. I also valued his council as we went thru the offers and counter offers. I never felt neglected or unimportant. He is also highly personable with an engaging personality. Thom was honest about some minor changes that we needed to make in my condo to attract buyers quickly, and his advice worked like a charm. He even arranged the contractors.

As a result, my property sold, and at the price I wanted. A job well done!

I am pleased to recommend Thom Abbott to anyone looking to buy or sell a home. He is hands down the best in the business in our opinion and if I ever buy property in Atlanta again, he will be my first choice in real estate agents. If you want to discuss my experience in more detail please feel free to contact me at xxx-xxx-xxxx.

Regards, Ed Valenti

Yes, Ed even listed his phone number in the letter. I removed it, but I’m sure he would welcome a call from anyone who would like to hear how we helped sell his Midtown Atlanta condo. 

If you are looking to sell your Midtown Atlanta condominium, please give me a call. I’m ready to make you a happy client too!

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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5 Ways To Catch the Atlanta Seller’s Attention

5  Ways Catch Atlanta SellersYou’ve been looking for that “perfect” Atlanta condo, right. And whether you have been looking for a week or a month, you know that the HOT Atlanta real estate market does not offer you many choices! With the limited inventory, you might even find yourself in a multiple-bid situation….meaning there are more Buyers than just YOU interested in that condo. So, you need to make an offer that will convince the seller that YOU are the one they should sell to.

5 Ways To Catch the Atlanta Seller’s Attention

You don’t have to be in that multiple offer situation either. The seller still has the right to review, and refuse any offer they receive on their home. BUT, if  we write an effective offer that focuses on 5 important parts of the offer, you have a much better chance of being the offer the seller accepts.

Pre Approval Letter From Your Lender

There IS a difference between a pre-qualification letter and a pre-approval letter. With the pre-approval letter, you have provided your lender with all the necessary documents they need to review to give final approval on your loan. (with the exception of the contract we are working on!) By having this in place, it will help you with the Quick Closing and shorter Due Diligence periods noted below. Additionally the Georgia Purchase and Sale Agreement has a Financing Contingency in it. You may be able to offer a much shorter time frame for this process by having your pre approval completed.

Offer the List Price (Or Close to It!)

The first thing the seller will look at when your offer is presented is the price you are offering. If their listing agent has done their homework, the home will NOT be overpriced! And offer a full price offer is not a bad thing. You are paying what the home is worth. If it is somewhat overpriced, and we are in a multiple offer situation, you may need to offer OVER the list price. A Seller is going to look much closer at an offer that is at or near the listing price. We will also have to be prepared for the appraisal process in case there is a difference between our offer and the appraisal. But to low of an offer and we could be out of the game before we even get started!

Request A Quick Closing

The sellers are either being relocated or have already found their next dream home or condo. We want to keep that in mind when presenting our Offer.  Chances are, it is one of  those two things that have prompted the sellers to list their Atlanta condo in the first place.  Sellers may  want to close quickly, to facilitate the closing on THEIR new home, or to complete a relocation package, so a general rule of thumb is to offer a Closing date that is within the next 30 days, provided  your lender has said that is possible.  By offering a quick Closing this can also show the Seller you are a motivated buyer.

Choose A Shorter Due Diligence Period

A Georgia Purchase and Sale Agreement  includes a Due Diligence period, which allows the buyer to back out of the contract for any reason … or simply no reason at all.  This is the time when you do a detailed investigation of the property including  HOA documents and budgets,  and your property inspection.  Sellers like to see a shorter Due Diligence period, and if you are in a multiple-bid, this could be your winning card!

Earnest Money MyMidtownMojo.com August 14, 2015Offering A Higher Earnest Money Deposit

When you make an Offer on a property, you will also give the seller a good faith or earnest money deposit.  A higher earnest money deposit also shows that you are serious about buying the home, as you have more initial money upfront!

These are just 5 Ways To Catch the Atlanta Seller’s Attention and just a few of many factors that a seller considers when they receive an offer.  But by looking at these five key factors, we are focusing on those which Sellers tend to put the most significance on when making a decision.

I’m here to help you write the best offer possible!  If you need help in this HOT Atlanta market, give me a call!

 

 

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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