Atlanta Condos For Sale

North American Properties Mark Toro

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North American Properties Mark ToroAtlanta certainly has numerous “movers and shakers” when it comes to real estate development. My good friend Scott Selig, who recently passed, is one of them. Steve Baile, also with Selig Enterprises is another. But one individual that I have always been impressed with is Mark Toro from North American Properties. 

If you’ve not seen Avalon in Alpharetta….hope in the car and go. A development that barely got started, and then the market crashed. North American Properties came in and it’s amazing what is there now. 

Come a little bit closer to “home” and North American Properties successfully repositioned Atlantic Station, and has since sold the retail development to another group. Now, Mark and his team are working to transform Colony Square into the next great Midtown place to be! 

Atlanta Magazine, in 2015, named Mark Toro as one of the “55 Most Influential Atlantans.” 

Additionally, North American Properties has been tapped to develop a mixed-used project around the Infinite Energy Center in Gwinnett County, some 30 miles from Midtown Atlanta. This is a unique public/private project, being built on land Gwinnett County owns. (The parking lots around the Arena will become garages and mixed-use buildings!

Mark is a Midtown Atlanta resident, and serves on the Midtown Alliance’s Executive Committee. 

Bisnow, a business publication recently published an interview with Mark Toro, which you can find HERE.

Thanks Mark, for all that you have done, and are doing for Midtown Atlanta and beyond!

Another Midtown Parking Lot Soon To Be Gone

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Parking in Midtown Atlanta is going to be a premium…..more so as the surface lots getting “eaten up” by new construction buildings. And Another Midtown Parking Lot Soon To Be Gone!

Another Midtown Parking Lot Soon To Be Gone

A 14-story dual brand hotel has been proposed for the parking lot just across Ponce de Leon Avenue from the Fox Theater. The hotel will consist of 154 rooms under the Marriott Courtyard flag and another four floors with 128 rooms in the Marriott Element brand. The hotel floors sit above five levels of parking with 185 spaces that will be accessible to the public. Automobile access to the building will be provided off Ponce with a circular drop-off area and internal ramps to the deck above.  The developer proposed a ground floor restaurant and lounge/bar at the corner with a second floor terrace overlooking this iconic intersection which is anchored by the Fox Theatre, Georgian Terrace and Ponce Condos.  

640 Peachtree Street Marriott Courtyard

Of course, many of the residents of Windsor Over Peachtree with North facing views will have….no more view. In fact, they will be looking right at a parking garage for those first 6 or so floors, depending on how the garage lays out. And the remaining floors will either be looking at the garage or the guest rooms of the hotel. Hmmmm.

I always work with my clients when showing Midtown Atlanta condos, and mention any possibilities of what could happen to a view, along with the statement, “no view is ever guaranteed.” And it’s true. Now, if a newer building has just been built, you may know what your view will be for awhile…but anything low-rise could be subject to a sale and a tear down. 

This location will certainly be helpful to out-of-town visitors in for an event at the Fox Theater, as well as the Emory Crawford Long Hospital is just two blocks South of this location. Access to the hotel without a car, will be easy as the North Avenue MARTA station is in the same block as the hotel. The address of the parking lot is 640 Peachtree Street and is shown on the map below.

 

Search Midtown Atlanta Condos For Sale HERE!

The Georgia Real Estate Contract for 2018

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Georgia Real Estate ContractThe process to purchase a home or condominium in the Metro Atlanta area has remained much the same over the years. (The process can be much different if you are buying property on Lake Sinclair, or if you are buying in Savannah, so we will focus on the Atlanta area, where we work!) But it helps to know about the Georgia Real Estate Contract. 

Some changes have come from the lending side, certainly, and those changes do affect most all buyers. But over the years, the Georgia Association of REALTORS (GAR) has made changes to the Purchase and Sale Agreement and other exhibits we use to buy real estate. At one point, the contract had areas where you had blanks to fill in on each page, and it made it difficult or both they Buyer and the Seller to really understand the terms of the offer. Fast forward to 2018, where the contract has been designed to have the key elements of the offer on Page One, and the supporting paragraphs for each item on Page One on the following pages. While those “following pages” get into the contract details, the key points such as the Property Description, Purchase Price, Closing Costs, Earnest Money and Due Diligence are all located on that first page. 

The agreement is written such that it is pretty fair in representing BOTH parties in the real estate process. It can become a “one-sided” document if special stipulations are added, or if any of the Page One items are slanted towards one side or the other. An example would be a long Due Diligence Period (say 15 days or more). During the Due Diligence Period, the Buyer may terminate the agreement or any reason, or no reason at all. This puts the Seller at a disadvantage by having their home/condo off the market with this lengthy time where the Buyer can walk away. 

As part of our Buyer Consultation, we provide you a copy of the Purchase and Sale Agreement along with the most likely Exhibits or Amendments you would use during your purchase. This helps our Buyers get to know the documents and ask any questions prior to us being in the middle of making an offer. 

If you are relocating to the Atlanta area, this gives you an opportunity to learn about the process (at least the forms used) in purchasing a home here, versus what it may have been in the city or state where you are moving from. 

You can find our 2018 Contract Package HERE. 

We are here to help our Buyers and Sellers understand all the terms of the agreement, as well as answer questions and make sure you are being represented. 

Featured Listing 375 Highland Ave, 507, Atlanta, GA 30312

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Featured Listing 375 Highland Ave, #507 Atlanta, GA 30312

 

Values can still be found in the Midtown Atlanta area! You just have to look as well as know their are other areas close to Peachtree Street! Highland City View Townhomes is a great location and convenient to Midtown Atlanta from the Old Fourth Ward. Ponce City Market is nearby, and Downtown is right there! 

Intown living can be yours with this spacious, sun-filled 2 bedroom townhome. A courtyard patio is perfect for grilling and enjoying the evening!

The kitchen features maple cabinets and  solid surface counters. A breakfast bar overlooks the living room as well as another to the dining room. All appliances remain which is a great savings to the new owner!  The upper level features two en-suite bedrooms and baths.

Hardwood floors grace the living and dining rooms. A tandem 2-car garage offers storage as well as a laundry closet, and the washer/dryer remain. 

The community features a fitness center and pool. 

Highland City View is convenient to Krog Street Market, Ponce City Market, Downtown and Midtown. Additionally you are walking distance to Atlanta Medical Center.

 

To schedule a private showing of this home, contact me! I’m always just a call or click away!

Midtown Atlanta Townhomes For Sale

 

 

 

375 Highland Avenue, #507 Atlanta, GA 30312 (MLS#5946065)

$308,900.00

Interested in this home? Do you want to schedule a showing?

Just CLICK HERE TO CALL ME! 

 

 

Listing provided by Palmer House Properties

Learn MORE about Living In Midtown Atlanta HERE!

 

 

 

Four Housing Predictions for 2018

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Predictions for Housing in 2018Hey, it’s a New Year, right? And with it comes all kinds of predictions. Now some of them may be personal in nature, like I predict I will make the change in my routine to get to the gym more often. 

Of course, those predictions don’t matter to you! But Four Housing Predictions for 2018 just might. 

A recent article from HousingWire cites low inventory and rising home prices along with some other factors. The four predictions are:

  • The historically tight supply of single-family homes will tighten further in 2018 after hitting a record low in November 2017
  • The national home price boom that began in mid-2012, will continue, and given the unprecedented low levels of inventory, will even accelerate further
  • First-time buyers will face even higher home price gains for entry level homes
  •  First-time buyers will continue take on even more leverage in an effort to keep up with the out-sized home price gains on entry level homes

Now first of, remember that real estate is local, local, local. So what is happening in Minneapolis may not be the same as Midtown Atlanta, nor would what’s happening in Cumming be the same as College Park. But experience does tell us that most of these are probably on track. There is a difference amongst professionals about how fast home prices will increase in the next year. Some say faster in 2018, and others say it will slow down. 

Certainly in the Atlanta market, we can cite low inventory, a low days on market, and a challenge for first-time buyers to find a condo (In Midtown/Buckhead areas) or home they can afford. Prices certainly have gone up although not as dramatic as they have been. But I have seen homes realize appreciation like this:

Housing Predictions 2018

If you are looking to buy or sell, whether in 1 month or 1 year, sit down with a real estate professional, like myself, and talk about the market, your plans, what you are looking for and be more informed as to what your options may be. Understand, things can change in a year, but at least you have some ideas. 

For the details about the Four Housing Predictions for 2018, read the rest of the article HERE

Happy Holidays from Thomas Ramon Realty

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The Holiday Season always seems to be the time of year we focus on thanking our clients and customers for making our year so successful. But it’s not so much we are thankful for making our year a success…but thankful that YOU entrusted us to help you with one of the biggest decisions in your life…buying or selling your home. 

For THAT, we at Thomas Ramon Realty are grateful, indeed.

The Holiday Season is also when we gather with friends and or family. Maybe we saw each other last week, and maybe it was last year. Social media (love it or not) keeps us way more connected than we ever could have imagined. Remember, going to the mailbox and how excited you were when you got that letter from _____________(insert whomever!) I certainly do. But now, I see pictures and updates from friends that I’ve not seen face-to-face in years and it seems like I DID just “see” them.

How many of us are often consumed with our smart phone device? Is life passing us by? I guess it depends on how you use it right?

 

So, as you travel, be it near or far, to be with those family and friends, it is my sincere wish that you capture every moment you can. Enjoy the time with them, as you never know how long it may last, or when it will happen next. 

Happy Holidays from all of us at

Thomas Ramon Realty!

Thom Abbott

Associate Broker, REALTOR(R)
905 Juniper Street, NE Suite 110
Atlanta, Georgia 30309
770.713.1505 Direct
404.876.4901 Office

 
 
 
 
 
 
 
 
 
 

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