Neighborhood LIFT Atlanta | February 10-11, 2012 | Georgia World Congress Center

February 6, 2012 by Thom Abbott

Neighborhood LIFT Atlanta – February 2012

Attend a new and innovative homebuyer event

You may get the help you need to make

homeownership a real possibility

If you have been considering home ownership, one of the biggest challenges is coming up with the money for a down payment. You might have excellent credit, but have just not been able to get enough put away for the needed contribution you need to make when you purchase a home. Well, now you have an option!

Neighborhood Lift Atlanta is coming THIS weekend to the Georgia World Congress Center.

If you have a goal to become a homeowner, you won’t want to miss the Neighborhood LIFT^SM event, sponsored by Wells Fargo in collaboration with local non-profit organizations.

Date: February 10th and 11th
Time: 10:00 am to 7:00 pm
Location: Georgia World Congress Center, Exhibit Hall B1
285 Andrew Young International Blvd. NW
Atlanta, GA 30313
FREE PARKING: Please park in the Red Parking Deck. The Red Deck is at the end of Andrew Young International Blvd. Bring a copy of your event registration confirmation or tell the parking attendant that you’re with the Wells Fargo Neighborhood LIFT Atlanta event and you will be able to park for free. https://www.gwcc.com/directions/directions/BuildingB.aspx

FOR MORE INFORMATION ABOUT NEIGHBORHOOD LIFT, visit the website!

You May View a Flyer for Neighborhood LIFT here!

Keep in mind, when you register, it will ask if you ARE, or ARE NOT working with a real estate agent. You should ALWAYS be represented when buying a home! The Seller is represented by the Listing Agent, and you should have a Buyer’s Agent. Please feel free to contact me if I can answer any questions, or help you with the home buying process.

YES! New Cranes in Midtown Atlanta!

February 5, 2012 by Thom Abbott

Yes, you heard that right! There are new construction cranes in Midtown Atlanta! A welcome sight for a troubled economy indeed!

One of those Midtown Atlanta construction cranes is at 10th and Williams Street (Or the Downtown Connector) where the new Hilton Garden Inn/Homewood Suites hotel is under construction! What a beautiful building that will be to visitors arriving into Midtown via the 10th Street Bridge! It’s convenient to all the Midtown Atlanta law offices, and to Turner Broadcast Systems (TBS) and the new GATech Basketball stadium!

Construction Cranes are also appearing on the Midtown Atlanta skyline at two new luxury high-rise apartment buildings that have broken ground. Ironically, they are BOTH on 12th street…if you can imagine that! One is part of the 12th and Midtown Development where 1010 Midtown is located. The second, located at 12th and West Peachtree has also just broken ground. The race would appear to be “on” as to who will finish first and have the first shot at getting apartment shoppers in the Midtown Atlanta rental market.

We have long been missing a higher end rental product in Midtown Atlanta. Potential renters have either needed to find a private condo for rent, or opt for only 3 apartment buildings in the immediate area. Now, we will have two new apartment buildings hit the rental market at almost the same time. Let the rental war begin??

While this is good news for renters looking for Midtown rental options, they will be on the pricey side at $1500 for a 1 bedroom and $2400 for a 2 bedroom. (We will see how the market reacts to this when they open) On the flip side, for those investors or private owners looking to rent their Midtown Atlanta condo, there may be some pressure on the price you can get with all this shiny new places to rent. OR, it may drive up your price as you may be able to ask more than you have in the past, given the “competition” you will now have.

Certainly some questions that all the New Cranes in Midtown Atlanta have offered up!

Housing Market Myths | Atlanta INtown Paper

February 3, 2012 by Thom Abbott

Via Scoop.it – Midtown Atlanta Condos

If a new Midtown Atlanta home or condo is in your sights, is now a good time to buy? Should you consider buying or selling INtown Atlanta Real Estate? Listen to some of my peers….I’ve been saying the same thing! If a home is priced right, it is going to sell at, or near the list price. Don’t think you are going to negotiate $20k off the price. Maybe 5%, but you will be in serious competition with the lower inventory you have to choose from.
Via www.atlantaintownpaper.com

Incredible One-Of-A-Kind Midtown Atlanta Rental

February 2, 2012 by Thom Abbott

Day before yesterday, I had the opportunity to show a rental condominium in the Biltmore House Condominiums. Originally built as the Atlanta Biltmore Hotel in 1924, the building is now divided into the condominiums on one end, and the remainder of the building is office space.

I looked into the one original ballroom…..I could almost see the dresses of the 20’s and 30’s in that room! So unique with the levels and the lighting and the ceiling!

But back to my original reason for being at the Biltmore House Condominiums…was to show this 2-bedroom, THREE story unit on the top floor. It’s so unique, it was a bit hard to capture in pictures, but the listing information below does have numerous photos. But, how would you like this for a view out your Penthouse Master bedroom?

This home is available now for immediate lease. Placing furniture would be a REAL challenge due to the upper levels being accessed by a circular staircase…so the owner will leave any and all furntiure in the home, including a complete master bedroom suite and flat screen tv. ALL THAT for $1800 per month in Midtown Atlanta? CALL ME TODAY!

We're sorry, but we couldn't find MLS # 4314461 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Midtown Atlanta Market Report | Cornerstone Village December, 2011

January 29, 2012 by Thom Abbott

In our Midtown Atlanta Market Report for Cornerstone Village, we see an interesting trend. Well at least for Cornerstone Village. Earlier in the year, homes were selling for as low as $64,900! More recent sales have pushed the $90,000 mark. In real estate, the big question is always, “have we hit the bottom yet?” Cornerstone Village very well may have done that, and already be on the rebound. Of course if more foreclosures or short sales occur, this trend could easily change.

Cornerstone Village consists of 4 different buildings, and at one point the the two older buildings (800 and The Manor House) commanded higher selling prices. I would suspect that as the market changes and improves, this will again be true. So, if you can find a great floor plan in either of these buildings and at a great price, it could be a wise investment.

Let’s take a look at the Market Report for Cornerstone Village.

Currently, the homes For Sale at Cornerstone Village range in price from $60,000 to $265,000. There is only one home under $100,000! I would be concerned that any of the other 1 bedroom homes will appraise at or near their list prices. 5 Homes sold in December, 2011 had an average sales price of $120,000, but 3 of those homes were well under $100,000. The listings that are currently Under Contract range from $63,000 to $73,000.

This would make it look like the market has bottomed out for Cornerstone Village, but with the lower average sales prices that has occured, it’s going to an uphill battle to appraise the current listings close to their list prices.

For More Information on how we can best serve your InTown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

We specialize in InTown Atlanta Real Estate single family homes and condomiums. If you are planning to Buy InTown Atlanta real estate, let us help you explore all the possibilities available to you and help you find just the right home you will LOVE!

Please use the following links to Search for Homes by Intown Atlanta Neighborhoods or Zip codes!

Brookhaven/Ashford Park 30319	Buckhead 30305
Buckhead 30327	Buckhead 30342
Chamblee 30341	Decatur 30307
Doraville 30340	Downtown Atlanta 30303
Druid Hills 30329	Dunwoody 30338
East Atlanta/Ormewood Park 30316	East Lake/Kirkwood 30317
Grant Park 30312	Midtown Atlanta 30308
Midtown Atlanta 30309	Midtown West/Collier Hills 30318
Morningside 30306	Morningside 30324

Are you looking for a specific Intown Atlanta neighborhood to focus on? Contact Thomas Ramon Realty and we can set up a search for any specific neighborhood you are looking for!!

Midtown Atlanta Market Report | Spire Midtown Atlanta December 2011

January 28, 2012 by Thom Abbott

The Midtown Atlanta Market Report for Spire Midtown shows quite a shift in the Midtown Atlanta condo market. Just a couple years ago, you would of seen 20-30 listings in this building. Now, current inventory is only 11 homes For Sale, and only 3 sales were completed in December, 2011. Of the 11 listings, only two are listed as Short Sales. However, past sales in the building have been lower due to foreclosure and short sales, so there might be appraisal issues on those homes that are not distressed sales. Sales since August, 2011 have been below $120,000 for a couple of the homes.

Spire Midtown is still one of the most popular buildings to live in. When showing in the building, residents you speak to on the elevator, in the lobby or club room are always upbeat and positive about the community.

Here is a look at the activity for December, 2011 at Spire Midtown Atlanta.