4 Steps To Make Your Condo Show Ready

Tips for Selling Your Condo June 2, 2015Congratulations! We are officially “On The Market” with your home or condominium!

We did all the pre-listing items we discussed from painting, to de-cluttering closets and cabinets. We’ve had our listing photography done and your listing has been entered into the listing service. Let the showings begin, right?

Ahhhh…Not so fast!

If you’re like me, cleaning house is not always at the top of my list of things to do. If you have a housekeeper….awesome! But, when you have your home or condominium listed For Sale, it needs to shine all the time. As much as we try to plan for your showings, they can, and WILL come with short notice. Remember, our goal here is to sell your home!

If you have been one of those people that might not make the bed before you leave for work, or like to leave that cereal bowl in the kitchen sink…we are going to have to change some habits! Potential Buyers don’t want to see or know what you had for breakfast!

4 Steps To Make Your Condo Show Ready

showing your condo!

 

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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Why Don’t Atlanta Real Estate Agents Return My Calls?

Real Estate QuestionsAs a real estate broker, I speak to many different people each day. Of course, some of them are other agents, but many of them are buyers (or renters) calling about a particular listing they found on the Internet. I get numerous “leads” every day from my various channels that I use to reach out to people. Social media, this site, and a new, unique search site for Midtown Atlanta real estate.

Often times, I get a bogus phone number, which I learn when I call if a number was provided. I send an email, which is usually required from most of my sites…and it may bounce. I understand you may not want to have someone email or call you right away. You may be in the very early stages of your home search and you want to “sneak around” and look without being bothered. Trust me, I know the feeling. It’s exactly why I wander a car dealership lot on a Sunday when they are closed. I can see the ones I like, and then come back on Monday and take them for a test drive.

When I do speak with people, some will often ask me, “Why don’t Atlanta real estate agents return my calls?”

Well, how do you think WE feel when we try to reach out to you and you don’t call us back? Sure, we’d like to help you buy or sell or a house or condo. Afterall, that is what we do for a living. We just want to make some initial contact with you. You can then tell us, “I’m just in the looking stages now, I’ll get back to you when I’m ready.” Some agents may hound you, so you probably don’t even want to have this initial conversation. Again, I get that.

But now when an agent does NOT call you back, think how we feel when you don’t call US back! Kind of a two-way street here.

I’ll call you. Even if the number is wrong. I’ll email you. 

Remember….we just want to help you! Like I said, you may be in those early stages of looking, but when we get a notice that you have interest in a property (or it might just be a question) we want to help! 

But the next time you ask, Why Don’t Atlanta Real Estate Agents Return My Calls, maybe you should ask yourself if you called THEM back.

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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10 Questions You Should Ask Your Mortgage Lender

Finding the right home or condo is important. I mean this is going to be your home. Your sanctuary to get away from it all after a long day at the job. So it’s a big decision. But part of that decision is also your mortgage. Unless you are in a position to pay all cash for your home, you will need a mortgage.

10 Questions You Should Ask Your Mortgage Lender

How Much Home Can You Afford?
How Much Home Can You Afford?

And there is a lot that goes into a mortgage. But that is not my role in helping you find your home. Much like when you go to a doctor’s office, there are numerous people there that have a role in your visit. From the person that greets you, to the one that takes your vitals to the doctor him(her)self, everyone has a purpose.

My purpose is to help you find the right home, and get it at the right price. There’s other considerations too, but we’ll keep it simple for this topic. But when you need a mortgage, then you need a mortgage lender.  And that person is a specialist in what THEY do! They know the in’s and out’s of getting you the best financing arrangements they can. But just as there are questions and parts to the home buying process I discuss and questions I answer for you, here are 10 questions you should ask your mortgage lender.

10-questions-to-ask-mortgage-lender

If you need help in getting your pre-approval ready to begin your home shopping with me, please check out our team of mortgage lenders. We have worked with these people for years, and know they will do it right for you!

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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How Is The Atlanta Real Estate Market?

Atlanta Real Estate Market May 5, 2015Ah yes.

When you are a real estate broker, if it’s not the first question you are asked in any conversation, it will certainly be the second one….

How Is The Atlanta Real Estate Market?

I think I could safely say “It’s on FIRE!” and be pretty accurate. But take a look at some numbers that recently appeared in an article in the Atlanta Business Chronicle to give that statement further fuel.

In March, 2015:

  • Average Sale Price: $245,000*
  • Average Days on Market: 52*
  • Months of Inventory: 3.1*

A stable market is about 6 months of inventory…with this kind of Inventory, this is truly a SELLER’s market! Just ask any BUYER that tries to make an offer on a Midtown Atlanta condo…if they even get their offer in!

So let’s go back in time….to 2010…

 

  • February 2010 Average Sale Price: $180,000*
  • February 2010 Average Days on Market: 88*
  • February 2010 Months of Inventory: 18.7*

Yeah…just LOOK at that inventory….if you were a Buyer then…you had some homes and condos to look at for sure! But it did not stop there, by August, 2011, the average Sales Price in Metro Atlanta was a mere $135,000!!!

Here is another sign of the Atlanta Real Estate market rebound. I just sold a Midtown Atlanta condo to parents of a student at Georgia Tech. The Seller paid $78,000 in 2012 and we just paid $133,000! That’s a nice $55,000 profit in less than three years!!!

But the challenge we now face, especially in the Midtown Atlanta condo market is a lack of new construction. All those cranes you see dotting the skyline are for apartment buildings…RENTALS!!! The only new condo construction in Midtown, is currently starting in the mid to upper $700,000 range. Those are not prices for every condo buyer!

I’ve got several buyers right now in the waiting mode, and watching inventory daily for them! Looking for that right one to hit the market!

How Is The Atlanta Real Estate Market? Yeah…it’s on fire alright!

*Based on stats for residential attached properties in Atlanta North, Sandy Springs, West Cobb and Dekalb West in all price ranges as reported by FMLS on April 3, 2015, for the period of Feb. 1, 2007-Feb. 28, 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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Why Is Midtown Atlanta Inventory So Low?

Why Is Midtown Atlanta housing inventory low April 7, 2015This is a question/challenge I face daily when working with Buyers that are looking to purchase a Midtown Atlanta condo. After viewing properties in an afternoon, the question often comes up, “Is that all we are going to see?” My reply is often, “That is all there IS to see!”

Why Is Midtown Atlanta Inventory So Low?

I’ve attached a link below to an article that recently appeared on the website Inman News which is real estate news for real estate agents. Always good stuff and very informative. However, as I am sure you have heard, real estate is local, local, local. So while this article gives you that 30,000 foot view of the market and conditions nationwide, I wanted to touch two points that relate to Midtown Atlanta…

Value Disruption/Reset in 08/09

As the article states, between 2007 and 2010, we saw a major change in values in Midtown Atlanta. Condos that originally sold for $350,000 were selling in foreclosure for $190,000!  Prices have returned to the higher values, so those that purchased at the high price, may now finally be able to sell their condo and not be “under water” in terms of the value. Those that snapped up at that $190,000 certainly are ready to move, but….

SQ5 Under Construction April 7, 2015Where Would I Go? (Move Up) and Stunted New Development

A quick glance at the Midtown skyline gives one the impression of “Wow, look at all those new condo buildings going up!” Ahhhh…not so fast. All those cranes you see are producing a bumper (maybe even an excess) crop of rental apartments, NOT condominiums For Sale! For the Midtown Atlanta condo buyer, a primary reason for a move, is to move into the latest and greatest new building. But what do you do, or where do you move, when you don’t have ANY new buildings?

Current Midtown Atlanta condo construction is limited to a couple buildings and townhome developments and those prices start in the $700,000 range. That might be a bit more of a “move up” than many buyers can afford.

So, when we are out looking at Midtown Atlanta condos for you to purchase, it’s not me giving you any kind of “salesperson pressure” to make a decision. It’s the market telling you, make that offer now, or it may be gone while you think about it.

Here is a link to Why Is Housing Inventory So Low?

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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