Atlanta Condos For Sale

Midtown Atlanta Condos Under $100,000

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Midtown Atlanta Condos Under $100,000

Intown Atlanta Real Estate Under $100,000Why Do People Live in Midtown Atlanta?

Midtown Atlanta is a central location in the metro Atlanta area, and the walkability of the area is a key factor in why people live in Midtown Atlanta. Also, often called the “Heart of the Arts,” Midtown features the High Museum, Woodruff Arts Center and the Fox Theater, just to name a few. Step out the front door of your condominium and a host of dining options await you. From a walk in Piedmont Park to afternoon cocktails at Gordon Biersch Brewery on Peachtree Street, Midtown Atlanta is all about getting out on the streets and leaving your car in the garage. From most of the major condominium buildings you are walking distance to the CVS Pharmacy on 6th and Peachtree and the Publix Urban Market locate in the Plaza Midtown condominium building at West Peachtree and 8th Streets. All over Midtown Atlanta you’ll find restaurants serving up everything from salads to sushi.

Looking for a Condo in Midtown Atlanta?

Interested in Condos For Sale In Midtown Atlanta Under $100,000? Click that link to find all the currently available condos for sale in this area of Atlanta.

What’s the Neighborhood Like?

There is a variety of condominium homes to choose from in Midtown Atlanta. Finding one under $100,000 will certainly limit you to the buildings you can look at, but in that price range, you should be able to find a 1 bedroom ranging in size from 600-800 sq. ft. Most likely y0u won’t find your home in a high-rise building, but more so in the mid-rise condo buildings. Your condo may, or may not offer a balcony to take in the sights and sounds of Midtown. In smaller buildings located in the Historic Midtown area you may also have on-street parking rather than a garage or even a parking lot.

What’s Going on Nearby Midtown Atlanta?

Atlantic StationMidtown still has some work to do when it comes to the shopper….but never fear, you have options. Atlantic Station is located across the Downtown Connector at 17th Street.  It’s just far enough, you will have to break your car, or bike out to visit this one. Lenox Mall and Phipps Plaza are located in Buckhead, and you can use the MARTA train to get to and from there if you wish. Midtown West is an up and coming area with shops and restaurants. And you are within walking (or a MARTA train ride) from Downtown Atlanta where you will find the Georgia Dome (Home of the Atlanta Falcons football team) the Phillips Arena (concert and basketball central) and just on the other side of Downtown Atlanta is Turner Field, home of the Atlanta Braves baseball team.

What Schools will the Kids Attend?

If you have school age children, Midtown is served by Springdale Park Elementary, Inman Middle School and Grady High School. There are also some private schools, such as The Children’s School.

Now You Really Want to Find a Condo Here, Right?

If you are interested in the current Condominiums For Sale Under $100,000 in Midtown Atlanta, click on the link! My For Sale property information is a direct feed from the First Multiple Listing Service (FMLS) and us updated multiple times per day.

D.C. area home buyers get creative in return of bidding wars

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Midtown Atlanta Condos see multiple bidsSee on Scoop.it – Midtown Atlanta Conversations and Condos

The heightened demand is fueled by record-low mortgage rates. Freddie Mac reported on Thursday that the 30-year fixed-rate average was 3.59 percent. The 30-year rate has been below 4 percent all but one week this year. The 15-year fixed-rate average has lingered below 3 percent the past 11 weeks. These low rates make homeownership more affordable. Many would-be homeowners, spurred by the low rates, are seeking to buy, but they aren’t finding much to choose from. Maybe some points here for ATL Buyers!
See on www.washingtonpost.com

Dear Mr. Buyer, You Are NOT Alone!

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Multiple Bids in a Buyers MarketHas the real estate market improved? I’m asked this question daily, if not several times daily! It can easily be answered with “Dear Mr. Buyer, You Are NOT Alone!”

What does that mean you as a Buyer of real estate in Atlanta, and especially Midtown Atlanta and Intown Atlanta neighborhoods? It means you might not get the first home or condo you make an offer on. WHAT?

The Multiple Bid Market Place

What is a multiple bid market place? It means there is more than one Buyer interested in a property. What happens in this situation? We are out looking at Midtown Atlanta condos or other Intown Atlanta real estate, and we find the top choice of the homes we have looked at. We look at the comparables, the market, the building, and how this home is priced, and we make our offer. In most offers, we ask for a response back within 24 hours.

I’ll get a call or email from the Listing Agent that says something like, “We have received multiple offers for this property. The Seller is calling for Highest and Best by 5pm on (insert date).” I’ll call you immediately and let you know that we have to look at our offer and make revisions, if you want to. What do you mean, IF I want to? We might feel we already offered the best price. But there are other parts of our offer that can be changed to improve our offer. Due diligence time period, closing costs, financing or appraisal contingencies are all parts of an offer that can be change to improve your purchase position. If it is a home or condo you really want, you may want to offer more, remove the appraisal contingency and know that if your offer is higher than what the home appraises for, that you will bring that additional money to closing.

This type of situation is one reason why I always have my Buyers’ rank properties after we have viewed them. In case we don’t get #1, we already know the next one we are interested in….if IT is still available.

The market of Atlanta has dramatically changed from 2008, when we had something like 112, 000 homes on the market. Today, the inventory is around 30,000 homes. And of course, not every one of those is in the area YOU want to buy or at the PRICE you want. Meaning, there might be numerous condos for sale in Midtown Atlanta, but not in the building (s) you are interested in.

Dear Mr. Buyer, You Are NOT Alone!  Be prepared to possibly “battle” for the Intown Atlanta home or condo you are looking to buy!

Atlanta Condo Inventory Is Going, Going, Getting There!

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Atlanta Condo Prices Rise 23 Percent
Midtown Atlanta Skyline

When you are a real estate professional, you, eat, sleep and breath real estate. It’s your life. It’s not like the corporate world where at 5pm, you turn out the lights, head out the door and don’t think about your job till tomorrow at 8:30 when you turn the lights back on. Real estate for me is 7 days a week. As part of that life, you are constantly monitoring news and events that can affect your business. A company announces new jobs, that could mean relocation employees.

So the article in The Atlanta Business Chronicle this past week about Atlanta’s condo inventory, was music to my ears! And it should be to yours too, if you are an Atlanta condominium owner.  The 2012 Midyear Condominium Report from Haddow and Company shows new condo inventory at 1,520 units, DOWN from the 2011 Mid Year number of  2,369 unsold units. Break out the champagne!

We are at inventory levels that have not been seen in 10 years! And with steady sales in 2012, the supply and demand is coming back in balance. If you want to purchase new construction condos in the Intown Atlanta Market, your options are becoming limited. Take that a step further to Midtown Atlanta, and your options are….1010 Midtown and White Provision. Buildings like Luxe and Viewpoint Midtown have long Sold OUT! You can step over the Midtown line going North on Peachtree and you have The Brookwood and The Astoria. Downtown offers the W Residences and Twelve Centennial Park. (Castleberry Point in Castleberry Hill has live/work homes available but has sold all their remaining inventory!) Our biggest challenge in the Atlanta condo market has been…price. During our condo boom, they buildings were popping up everywhere! Investors and owner alike were buying them up, but when the bubble burst, out poured short sales and foreclosures, drowning the prices. Midtown Atlanta Condo Inventory and PricesBut the times ARE changing! The article states that in July, 2012, condo prices were up from $154,000 in July, 2011 to $189,000 in July, 2012…a healthy 23 percent increase! As I prepare my August, 2012 Midtown Atlanta Market reports, I’m seeing the same trend. Some buildings have seen as much as a $50,000 Average Sales Price increase from 2012!! What does this mean for the Buyer? Well, $50,000 can make a big difference in what you may qualify for in a mortgage, and what you will be able to buy. The longer you sit on the fence, the shorter the grass (your buying opportunity) is going to be. What does this mean for the Seller? If you are in a position (and desire) to sell your condo, with limited inventory, you very well may see that contract in a matter of days, not weeks. It may still be a challenge between what you get and what you paid, but with limited options for Buyers, we are starting to see multiple offers on properties! I think we usually refer to a “breath of fresh air” as relating to the Springtime, right? Well, Fall is in the air, the air is crisp, and the Buyers are looking! Thom Abbott Midtown AtlantaFor More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505. We specialize in Condominium homes in Midtown Atlanta and other In Town areas of Atlanta. If you are planning to Buy or Sell real estate, let us help you explore all the possibilities available to you and help you find just the right home you will LOVE! For a Quick Look at Midtown Atlanta Condominiums: Midtown Atlanta High Rise Condominiums Midtown Atlanta Mid Rise Condominiums Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

Mortgages – Life After Bankruptcy

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See on Scoop.it – Midtown Atlanta Conversations and Condos

EVERY month tens of thousands of people file for federal bankruptcy protection, mostly to wipe out debts and start anew.
Related

Many of these filers mistakenly think that it will be many years before they can obtain a mortgage or refinance an existing home loan, if they ever can — perhaps because notice of a bankruptcy filing typically stays on a credit report for 7 to 10 years. In reality, they could become eligible in as little as one year, as long as they work diligently to improve their financial picture.

Mortgages guaranteed by the Federal Housing Administration are permitted one year after a consumer exits a Chapter 13 bankruptcy reorganization, which requires a repayment plan that is often a fraction of what is owed, and two years after the more common Chapter 7 liquidation, which discharges most or all debts. Conventional mortgage guidelines from Fannie Mae and Freddie Mac, meanwhile, call for a wait of two to four years.

 

See on www.nytimes.com

8 Signs Housing Is on the Mend

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Midtown Atlanta with Spire Midtown and Viewpoint MidtownSee on Scoop.it – Midtown Atlanta Conversations and Condos

Some Americans are still jittery over the housing market, but here are eight positive signs that should quell some of their fears.

1)  Housing prices are on the rise across the country.
2)  Foreclosures have slowed. Analysts suggest that as the supply of distressed homes slows, buyers will be forced into higher-price properties too.
3)  Inventories of for-sale homes on the market are decreasing. In fact, inventories of for-sale homes have dropped 24 percent from a year ago.
4)  Mortgage rates are at ultra record level lows, for those who can qualify
5) Housing starts rose 6.9 percent in June. Also, existing-home sales were up 4.5 percent higher in June compared to one year ago.
6) Home building stocks are on the rise.
7) For investors who are buying homes, rents are soaring, allowing them to cash in on their investments. Rental prices are at a 10-year high as median units rent for $710 a month.
8) Home affordability is at record highs for the median income family, due to falling home values and super low mortgage rates. In fact, a recent study found that it is cheaper to buy a home than rent in basically ever major city in the U.S. For those who buy, you can save the cost of renting by owning the home for five years or less

See on realtormag.realtor.org

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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