Atlanta Condos For Sale

Is The Atlanta Real Estate Market Hot?

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When you market and sell real estate, you can’t walk into a restaurant, get your car serviced, or even go for an evening walk without being asked the question, How’s the real estate market? Is the Atlanta real estate market hot?

Well, the answer is pretty much…yes, yes and….YES!

I’ve placed condos on the market at 9am and had them Under Contract at 9pm! I’ve had Buyers make offers on multiple properties before finally getting one. we’ve not paid over list price….yet….but that could soon happen!

Don’t be surprised if you are home shopping in Atlanta, and a Seller does NOT allow you to have an appraisal contingency on your contract. In other words, if you offer to pay $275,000, and the condo appraises for $270,000, the Seller is expecting you to come to the table with the extra money. That would, sort of be like paying more than list price, but not really.

But if you need some more credibility about the Atlanta real Estate market, here you are…

 

Who Do You Target With Your Marketing? Buyers Or Their Agents? | FranklinMANewHomes.Com

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See on Scoop.it – Midtown Atlanta Conversations and Condos

Who Do You Target With Your Marketing? Buyers Or Their Agents?

 

Thom Abbott‘s insight:

I see listings daily that are missing important information….HOA Fees, HOA information that is incorrect, no tax info, no square footage, pictures that belong to ME and not the listing agent…and on and on….I often wonder if the Seller ever knows about this….

See on www.franklinmanewhomes.com

What is Spring Fever?

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Spring FeverAs we start to sneak out of the winter months, there is this thing that happens. It’s called Spring Fever. I thought to myself, “What IS Spring Fever?” Well of course, there is an actual definition…..which I found at Wikipedia….

Spring fever is a term applied to several sets of physical and psychological symptoms associated with the arrival of spring. In general it refers to an increase in energy, vitality and particularly sexual appetite, often particularly strong in those suffering from seasonal affective disorder (SAD)[1] and thus experiencing lows during the winter months. It is this sense that inspires the use of the term as a title for several works of literature and entertainment. In some uses however it refers to the opposite, an unexpected loss of energy with the onset of spring.

I think it safe to say that most of us think of Spring Fever as that ever burning desire to get the heck out of the house (we’ve been cooped up by rain, snow, and cold temps) and enjoy the outdoors. As I walk, I can see the buds coming out on the trees, and yes, I’ve got Spring Fever.

Another “condition” of Spring Fever is also called Spring Cleaning. Maybe because we sat around for the last few months LOOKING at all that stuff and now we’ve decided we need to get RID of all that stuff! I started early with boxes of files and such, but there is plenty more to do.

I thought you might like some tips on Spring Cleaning to help you put your Spring Fever to good use….when you are not outside of course!

Spring Cleaning is a cure for Spring Fever

 

 

And once you’ve got that place all cleaned up, and maybe ready to move on, why not call me for your Market Analysis and we can discuss selling your Atlanta home!

Sending

4 Obstacles to Decluttering — And How To Beat Them!

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If you are a condo dweller, and have been in your condo for some time, you might have “acquired” some “stuff.” It could be anything from Starbucks brown paper take out bags (hey, I love ’em too!) to magazines, to well, who knows.  But when you have drawers, shelves and closets stuffed….something has to go!

Any real estate agent (this one included) will tell you that if you are planning to sell your Midtown Atlanta condo, you want it to be lean and clean and spacious and sparkly. And the first way to get that started is with a good decluttering.

 

Mr/Ms. Seller How Is Your Home Being Marketed?

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How Do I market My Condo For SaleWhen I meet with a potential Seller of their Midtown Atlanta condo, I have a presentation I go through that covers all the steps I take/make to sell your home.

I review necessary forms, both for the listing, but what will be used when the offer comes in. I highlight the marketing steps I’ll take to expose your home to the greatest number of potential Buyers that may be searching for a condo like yours.

It’s not a secret that the Multiple Listing Service is a powerful tool, and one that EVERY agent uses to their advantage. Once your home is listed on the MLS, it will appear in a variety of places on-line, ranging from Realtor.com to Zillow, Trulia and even right here….at MyMidtownMojo.com. Even if I am NOT your listing agent, you will be able to find your Midtown Atlanta Condo listed here! 

What’s the point? Well, do you ever “follow up” on your agent to see what they are REALLY doing in the marketing of your home? Have they put the right information out there? Maybe you listed your condo with a “friend in the business.” But do they know your building? Or the area around it? Do they know important information that a BUYER needs to know?

Mr/Ms. Seller How Is Your Home Being Marketed?

Here’s a screen capture of a listing I happened upon just a few minutes ago…

 How is Your Midtown Condo being Marketed For Sale

If you scan it, you will quickly figure out this is for one REALLY BIG condo at 4,000 PLUS sq. ft. Now, while a Buyer that can afford that large of a condo may not be concerned with some of these issues…take a look at the information that is MISSING!

  • Property Taxes — Whether you are buying a $100,000 condo or a $1,000,000 condo, this is a piece of info you’d like to know
  • Annual Master Association Fee — Any condo building that has retail space will have a Master Association. Cost to you would be…?
  • HOA Rent Restrictions — Are you planning to buy as an investment? This may not appear on a public site, but this info would certainly help the BUYER’s agent to know if leasing is possible.
  • Monthly Association Fee — Ah, YEAH? It could be $200 per month or $500 per month! That could make a huge difference in who may be able to BUY YOUR condo!
  • Initiation Fee — Important to know! It’s something you may be paying when you buy.

So, as the SELLER, look at all the information MISSING for the potential Buyer of your Midtown Atlanta Condo. Some pretty important stuff, that is part of the overall marketing of your condo.

Do YOU know how your Midtown Atlanta Condo is being marketed?

Click Here to Search Midtown Atlanta Condos For Sale!

I’m Not Your Attorney or Accountant, I’m Your Real Estate Agent!

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During the real estate process, I get asked all kinds of questions. Some of them relate to real estate, but others don’t.

“Can I write off my marketing fees and closing costs on my taxes?”

“How much will my credit score drop when I do a short sale?”

“Can the Lender come after me for the difference of the balance of my loan if my home is foreclosed on?”

I'm Not Your Attorney or your Accountant, I'm Your Real Estate AgentThose are NOT real estate questions, as much as they may sound like it. They are related to the sale of your home, but they require a different interpretation! And a professional, based on what the question is about…be it a legal matter or a tax matter.

Also, you should not rely on information from someone that is not in the same state you are (especially for legal questions) as laws vary from state to state. Take a look at this question that appeared on a national real estate website today…. the question is asked about real estate in Georgia. The owner lives in California. The person answering the question is from…..NEW HAMPSHIRE!!!

And just as I went to get the question and the answer, the person has removed the discussion! How funny. It was a question about being foreclosed on in Georgia and the HOA still going after delinquent dues. The person from New Hampshire said they have to go to court. Now that may be true for the HOA fees, but not for the foreclosure, and the answer was not really clear.

Here in Georgia, you don’t go to court for foreclosure…we are a non-judicial state. At the closing and purchase of your home or condo, you sign a document that gives the lender the power to take your property if you do not pay your mortgage. We often joke at the closing table that this is referred to the “You don’t Pay, You don’t Stay” clause of your mortgage. They can send you notice, then publish notice in the ocal paper that serves as public record for 4 weeks, and sell you home on the courthouse steps.

Moral to the story…get professional advise from the RIGHT professional in the RIGHT state!

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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