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Atlanta Condos For Sale

Clients Become Friends at Thomas Ramon Group and MyMidtownMojo!

June 20, 2022 by Thom Abbott

Clients Become Friends at Thomas Ramon Group and MyMidtownMojo!

In the world of real estate, I cross the paths of many different kinds of people. It is probably what makes working in the real estate industry so rewarding…at least for me! 

Getting to know people as you help them with such a large financial decision, and a life decision as well! I will admit there are some people that I lose contact with…they move out of state, and we just don’t keep in touch like those that live here in Atlanta. It’s not for trying, it just happens. But then there are those, that become friends for life, and you really appreciate those relationships. Terry and Sue’s testimonial is one example of that kind of relationship….

 

MyMidtownMojo TestimonialIt was a football Saturday probably in 2007. Sue and I walked along Peachtree St. at 5th Street near the Georgia Tech campus. Although not a resident of Georgia at that time, we spent a lot of time in midtown for Georgia Tech functions and I worked out of Atlanta. We were window shopping and became interested in midtown condominiums. Given the amount of time that I spent in Atlanta hotels, the thought of having a condominium in Atlanta became very appealing. With the proximity to Georgia Tech and a MARTA station, a midtown condo seemed perfect for my situation.

So there we were window shopping on Peachtree and Thom Abbott came out from his real estate office to meet us and offer any help. My family lived in the Atlanta area and the State of Georgia for many generations; I knew my way around Atlanta. Shortly into the conversation with Thom, I realized that Thom knew midtown very well – the neighborhoods, the trends, the people, the businesses, etc. – and certainly knew a lot more than I about midtown. Thom takes the time to meet condo management teams; he truly understands midtown’s pulse. Thus began a business relationship which is now about 15 years strong and today is both business and friendship.

I’m not sure how many times Sue and I came to Atlanta and got together with Thom to look at condominiums and discuss the market. Previously I had never owned a condo; Thom took the time to make sure we understood the finer points of condo ownership and living. Our midtown condo was a second home and simply a one-bedroom one-bath unit. We looked off and on for maybe two years and at no point did Thom ever pressure us to hurry up and make a decision or to buy more than we need for our second home. I owned property in another state which I needed to sell in order to buy the Atlanta condo. Thom was totally patient and understanding of that situation.

In due time the out of state property sold and in March 2009 we bought our midtown condo. Sue and I could not be happier with the condo selection. Thom’s knowledge and experience in midtown condos was most valuable. My time both before and after work was very enjoyable. Of course walking to Georgia Tech functions (football, baseball, basketball, band, alumni, etc.) was really nice and we never had to worry about parking. The condo was perfect for our needs.

Sue and I stayed in contact with Thom Abbott throughout the years. Thom hosted some social gatherings which were very interesting and his way of keeping his finger on midtown’s pulse. Midtown has seen incredible changes since the 1960s. Thom studies and knows the market. He is a valuable real estate agent whether he represents the buyer or seller.

A lot changed from 2009 to 2022. In about 2020 I decided to sell the condo. I hated doing that but now retired I lost most of my reasons for coming to Atlanta. Sue and I coordinated with Thom about how best to present the condo for sale. Covid hit right then and Thom’s patience was once again tested. The real estate market fluctuated some during the pandemic and once again Thom offered valuable market advice. Finally in March 2022 the condo was ready to put on the market. Thom was the selling agent and the condo sold quickly.

After many years, the midtown condo has come and gone. I have many, many really nice memories of my time in the midtown condo. One thing remains – my friendship with Thom Abbott.

Thank you Terry and Sue for the opportunity to help you with your Midtown Atlanta real estate needs…and your friendship. Clients Become Friends at Thomas Ramon Group and MyMidtownMojo!

 

Filed Under: Blog, Buyers, Interesting Stories, Sellers, Testimonials Tagged With: Atlanta Condominiums, Buyers, midtown atlanta real estate, News, Sellers, Testimonials

It’s a Great Feeling to Have Happy Clients!

June 11, 2022 by Thom Abbott

Testimonials for Thom AbbottIt’s a great feeling to have happy clients! I so enjoy working in real estate and helping people realize their “real estate goals” in the way of buying and selling. Real estate, the buying and selling of, is a complex process with many moving parts. It can be a very stressful time for either a Buyer or a Seller. But my role, is to absorb as much of that stress away from my clients as I can, and with my knowledge and my team, be able to create a memorable real estate experience that is positive. 

Dave and Adam found me online back in 2017 when they were looking to buy their first home. They worked for a major cruise line, and had literally lived out of suitcases for years! How crazy is that! They settled on Atlanta as a place to call home (Dave is originally from South Georgia). We looked at several condominium complexes and finally found just the perfect one for them. They had a great lender with Michele Wentworth with Silverton Mortgage.  She was even able to attend the closing with Dave and Adam as I was already scheduled to be out of the country on a trip. We became great friends and I always looked forward to their return to Atlanta from the high seas! Of course, the pandemic turned the cruise industry upside down…and they were able to ride it out with their company. A great land-based opportunity became available for Adam in Los Angeles, and so the Atlanta chapter of their lives came to a close!  We were able to work through an appraisal issue, and get them to their Celebration Day!  Here’s what they had to say about their selling experience:

“This is our second opportunity working with Thom. He has guided us through the purchase and now the sale of our first property. If we were not leaving the State, Thom is the ONLY person we would work with in real estate. His knowledge is so vast and his guidance is invaluable. Thom sets clear expectations on the ever changing market and remains in constant communication. You always feel like a priority when you work with Thom and his support, kindness and attention to detail is like no other.
Whether you are a first-time homebuyer or a seasoned real estate investor, Thom should be the person you choose to work with!”

My best wishes to Adam and Dave on this next part of their life journey! I know we will remain friends, and our paths will cross again! Thanks for your trust and your friendship! 

Filed Under: Blog, Interesting Stories, Testimonials Tagged With: Condominiums, Intown Atlanta Real Estate, News, Sellers

Interest Rate Update For the October 29, 2021

October 29, 2021 by Thom Abbott

We just wanted to share with you, from one of our Team Lenders, current interest rates. 

Of course, keep in mind that your rate is subject or your personal or specific credit situation, and they could vary. This is why we have all Buyers meet with a lender to have an accurate picture of their financial situation, and their buying power, BEFORE we go shopping for a new home! 

Let us connect you with Kevin, or any of our Team Lenders and get you pre-approved TODAY!

 

Interest Rates for October 29, 2021

Filed Under: Blog, Buyers, Interesting Stories, Random Topics, Real Estate Tips Tagged With: atlanta relocation, Buyers, Condominiums, Intown Atlanta Real Estate Buyers Guide, So You Know

Fan Duel to Open $15M Tech Campus in Midtown Atlanta

May 19, 2021 by Thom Abbott

FanDuel Technology Hub MIdtown AtlantaFan Duel to Open $15M Tech Campus in Midtown Atlanta

It’s no secret that Midtown Atlanta is a technology hub. 

Google has leased the majority of 1105 West Peachtree. You have Mail Chimp at Ponce City Market….and then there is Centergy at Tech Square with Georgia Tech. So, no surprise that we have another one coming. 

Bisnow.com reported on May 18th and Governor Brian Kemp announced that FanDuel Group is expected to open a $15 million technology campus in Midtown Atlanta. The campus will eventually employ more than 900 people! FanDuel Group is a division of British Flutter Entertainment PLC and the new campus will focus on product development, tech and IT operations. 

The campus will take up some 68K square feet of space in a yet-to-be-disclosed location. Ponce City Market has been mentioned, but there are certainly some other choice locations in Midtown Atlanta, taking advantage of the talent pool from GATech.

FanDuel to open Midtown Atlanta Tech HubFan Duel to Open $15M Tech Campus in Midtown Atlanta

FanDuel operates a mobile sports betting and fantasy sports betting platform. It is one of the largest daily fantasy sports companies in the world and is the nation’s biggest mobile sportsbook, with online betting sites in 10 states, though Georgia isn’t one of them.Lawmakers in Georgia pushed, but failed, to legalize sports betting in the state this session. FanDuel operates sports betting in 10 U.S. states, including New Jersey, Pennsylvania and Colorado.

FanDuel is one of several companies to announce a major technology hubs in Midtown. Microsoft has acquired some 90 acres on the Westside near Grove Park and the new Westside Park (former Bellwood Quarry) and plans to open additional offices at Atlantic Station.Airbnb announced in February they are putting their East Coast Tech Hub in Atlanta, called the Atlanta Technical Hub. 

FanDuel Chief Product Officer Sarah Butterfass told The Atlanta Journal-Constitution that the company selected Atlanta in part because of its diverse talent pool as well as the proximity to other tech companies and higher education institutions. . The company plans to work with local colleges and universities — including the city’s concentration of Historically Black Colleges and Universities — to create courses to train students for possible careers with FanDuel, according to the release. The firm also plans to offer résumé-building workshops, mentorship programs and mock interviews as part of a community outreach program.

Employees of FanDuel can find some exciting living opportunities in Midtown Atlanta, and depending on the final location of the Tech Hub, could walk to work from many of Midtown’s mid-rise and high-rise condominium communities. 

The Midtown Atlanta location will also offer FanDuel employees access to MARTA for easy access to Hartsfield Jackson International Airport. Midtown Atlanta is also accessible from the Downtown Connector (I-85 and I-75).

Filed Under: Atlanta Relocation, Interesting Stories Tagged With: atlanta relocation, midtown atlanta real estate, News

COVID-19 The Lockdown in Numbers

September 13, 2020 by Thom Abbott

I was cleaning my desk up and found an article I had meant to put into a blog post. 

Then I thought, well, it’s still some interesting numbers, so why not still share it. The article was in the July issue of (I think maybe Atlanta Magazine?) and has various stats about what the COVID-19 impacts have been, and The Lockdown in Numbers. 

Some interesting points :

  • Game Downloads and streaming usage increased 35% from March 1 to May 1 (I was certainly online, but it was not gaming!)
  • A 40% drop in congestion on state roads and our freeways March to May! If you were out and about as I was (although it was pretty minimal in March and April….grocery trips and even those were few and far between as I did some major stocking up when it all “hit” about March 15th) the freeways were more than empty. It was like something from the Walking Dead…..seriously! 
  • The stat that I really liked was the huge increase in the number of fosters and adoptions of four-legged family members. In March, 2019 the number was 233,573…..in March 2020, it was a staggering 792,813!!! It just warms my heart to think of all those animals that found loving homes and families versus what the other future was. And no, I was not one of them…..
  • And as one can imagine, a 75% reduction in riders on MARTA…I mean, who was going to work?

We are still struggling to get back to “normal” and you have to wonder what that will actually be. To see the airports bustling…hotels filled with vacationers or business people at conventions. It must come soon, right?

COVID 19 Lockdown in Numbers

Filed Under: Interesting Stories, Random Topics Tagged With: News, odds and ends, personal thoughts, So You Know

Sellers Are Returning to the Housing Market

August 25, 2020 by Thom Abbott

Sellers Are Returning to the Housing Market

Sellers Are Returning to the Housing Market | MyKCM

In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of Economic Research at realtor.com, explains:

“Seller confidence has been improving gradually after reaching its bottom in mid-April, and now it appears to have reached an important recovery milestone…After five long months, sellers are back in the housing market; while encouraging, the improvement to new listings is only the first step in the long road to solving low inventory issues keeping many buyers at bay.”

Even with the number of homes coming into the market, the available inventory is well below where it needs to be to satisfy buyer interest. The National Association of Realtors (NAR) reports:

“Total housing inventory at the end of June totaled 1.57 million units, up 1.3% from May, but still down 18.2% from one year ago (1.92 million). Unsold inventory sits at a 4.0-month supply at the current sales pace, down from both 4.8 months in May and from the 4.3-month figure recorded in June 2019.”

Houses today are selling faster than they’re coming to market. That’s why we only have inventory for 4 months at the current sales pace when in reality we need inventory for 6 months to keep up. But, as mentioned above, sellers are starting to return to the game. Realtor.com explains:

“The ‘housing supply’ component – which tracks growth of new listings – reached 101.7, up 4.9 points over the prior week, finally reaching the January growth baseline. The big milestone in new listings growth comes as seller sentiment continues to build momentum…After constant gradual improvements since mid-April, seller confidence appears to be reaching an important milestone. The temporary boost in new listings comes as the summer season replaces the typical spring homebuying season. More homes are entering the market than typical for this time of the year.”

Why is this good for sellers?

A good time to enter the housing market is when the competition in your area is low, meaning there are fewer sellers than interested buyers. You don’t want to wait for all of the other homeowners to list their houses before you do, providing more options for buyers to choose from. With sellers starting to get back into the market after five months of waiting, if you want to sell your house for the best possible price, now is a great time to do so.

Why is this good for buyers?

It can be challenging to find a home in today’s low-inventory environment. If more sellers are starting to put their houses up for sale, there will be more homes for you to choose from, providing a better opportunity to find the home of your dreams while taking advantage of the affordability that comes with historically low mortgage rates.

Bottom Line

While we still have a long way to go to catch up with the current demand, inventory is slowly starting to return to the market. If you’re thinking of moving this year, let’s connect today so you’re ready to make your move when the home of your dreams comes up for sale.

Filed Under: Atlanta Real Estate For Sale Or Rent, Atlanta Relocation, Blog, Interesting Stories, Real Estate Tips Tagged With: atlanta relocation, Buyers, Intown Atlanta Real Estate, midtown atlanta real estate, Sellers

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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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