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Atlanta Condos For Sale

How’s The Atlanta Real Estate Market? Just Ask This Homeowner!

January 15, 2013 by Thom Abbott

If you have ever bought or sold a home, you know that many real estate agents used to tell you, “let’s wait to list until the Spring buying season.” It had long been the order of business that from the beginning of December till early Spring, the real estate market was not so busy.

The times in real estate they have changed!

How’s The Atlanta Real Estate Market? Just Ask This Homeowner!

We listed this bright and shiny townhome located in Chamblee (a great Intown Atlanta community just North of Midtown) in mid-December. It went Under Contract on Friday!

Search Townhomes for Sale in Chamblee GA

To give you an even better idea of the real estate market, especially in Midtown Atlanta, we just completed our review of the Top Ten Selling Condo Buildings and you can see that activity was brisk last year, and most buildings show an increase in the Sales Price of homes!

If you are looking for Intown Atlanta Real estate, let me show you communities you may not have seen yet, or opportunities in condominium and townhome living, like D’Youville!

You can Search Intown Atlanta Real Estate here, or if you are looking for something specific, just complete the form below, and we can customize a search for you!

When you are ready to buy or sell Intown Atlanta Real estate, call me at 770.713.1505 or email me at Thom@MyMidtownMojo.com

If you answered No to this question, Please click on the Preferred Vendor list Above once you have completed this form. There you will find contact information and links to our recommended Mortgage Lenders.
Sending

Filed Under: Blog, Sellers Tagged With: Intown Atlanta Real Estate, Sellers

The Reasons People Moved in 2012

January 9, 2013 by Thom Abbott

Everybody moves in one way or another.

You move when you walk. But the kind of move I’m talking about is the place you call home. Some people will move more than others. It could be out of need, or they simply have the “ability” to move. Ability could mean they have equity in their home, a job transfer with some relocation benefits, who knows?

The Reasons People Moved in 2012

But moving is a big deal. Whether by necessity or by choice. Whether it’s across the street, across town, or across the state, it’s a big deal. Besides packing, and all that, there is the process of selecting the right real estate agent to market your home or condominium. And, if you are moving within the same city, do you use the SAME agent for both the sale of your current home, and the purchase of your next? Ah, that’s another topic.

But there can be many reasons you need to move. Whatever YOUR reason, I’m here to help make the real estate part of your move as smooth and easy as possible.

The Reasons People Moved in 2012

Filed Under: Blog, Buyers, Sellers Tagged With: Buyers, Intown Atlanta Real Estate, Sellers

Condo “Curb” Appeal – Is There Such A Thing?

December 13, 2012 by Thom Abbott

Spire LobbyWhen selling real estate, HOW you sell depends on WHAT you are selling. While many of the steps and process are the same for either a single family, detached home, or a condominium, there are differences when it comes to getting your condo ready to sell.

Condo “Curb” Appeal – Is There Such A Thing?

The answer to that question is easy….YES! But it’s a different answer than if your selling a home with a yard.

In a condominium building, your “front yard” is your Lobby. While it is considered a common element to the building for which you have the right to USE, you don’t have a lot of say about how it looks on a day to day basis. That is left to your Board of Directors and/or your Property Manager. If you are getting ready to list your condo For Sale, and there is a stain in the carpet, chances are it won’t be taken care of just for you!

Where your “curb” appeal starts, is inside your Front Door! Now, you can call this Staging as well, but let’s still look at some things you may NOT Have considered in the Curb Appeal of Your Condo.

Front Door

Again, in a condominium building, you can’t just randomly paint your front door. Colors have to match. But this type of maintenance request CAN be sent to your Property Manager. Maybe when you were moving a piece of furniture in, you scratched the paint on the door. If there is going to be a delay in getting the door painted by the HOA, you MAY be able to do it yourself, once you obtain the proper paint color from the HOA. Again, this will vary from building to building. If your door is wood, and has been scratched, this will be a more involved repair, and again the HOA process will vary. BUT, finding out what the process is early on will help you determine if you CAN get something like your door repaired before potential Buyers come knocking.

Balcony View From Midtown Atlanta CondoWindows

Oh Boy! Here is an often neglected item in a condo that really CAN make a difference! When Buyers enter your condo, they are going to do a quick scan of what they see first, but there attention is going to quickly be drawn to the view out those large picture windows. If you are in a high-rise building, all the more important is that view. And if that view is all spotty, it certainly takes away from the view.

Now, I’m certainly NOT TELLING YOU TO HANG OFF YOUR BALCONY AND WASH WINDOWS!!! NO! NO!  But you can (and it’s actually YOUR responsibility) to wash the windows you have access to from your balcony. Most likely, that’s the sliding door, and the large picture window next to it. Get yourself an extension squeegy, a bucket and maybe a step stool. That crystal clear view will make a world of difference.

Now, if you live in a mid-rise building, or don’t have a balcony, there probably will not be much you can do about window washing. Most HOA’s have this on a set schedule, and the most you can do is find out when your building, or the group your condo is in will be done.

After Dark — What’s That View

Even in a mid-rise condominium, there’s a pretty good chance you will have some sort of a city view. Whether it’s a little, or a lot, you want to point it out. While most of your showings will probably happen during the daytime hours, a big selling point to your condominium can be that night-time view. When I’m looking at your condo as we get ready to list it, I’ll make note of the view. Then, in your actual listing, I can mention, “For an impressive look at what it’s like to live in Number 1514, plan an evening showing to see the stunning skyline views.” Get it? Think about your lifestyle…you’re probably gone to work during the day as well. So when you are home at night, relaxing, what do you get to see? The View.

Condo Balcony Furniture Why We Have RulesTHE Balcony

Another area that will vary greatly from building to building. Many high-rise buildings have strict architectural guidelines as to what you can have on your balcony. This done from a safety concern (plastic chairs at 20 stories up are a lethal weapon when blown off a balcony) and the fact that you may see numerous balconies from  yours. If you’ve spent some money on nice furnishings, make sure they are clean, and arranged. The Buyer’s just might want to have a seat and enjoy the view…and imagine it when they are living there!

If your HOA allows things like potted plants and flowers, make sure they are alive and healthy, not dead or just a pot full of dirt. Also, the  idea that less is better applies too. If you got so much on the balcony that it makes it look small, you might want to consider a balcony “down sizing.”

It’s really hard to change that first impression, but there are things you can do in a condominium that help your Condo Curb Appeal.

Filed Under: Blog, Sellers Tagged With: Atlanta Condominiums, Seller Tips, Sellers

Dear Mr. Buyer, You Are NOT Alone!

October 22, 2012 by Thom Abbott

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!

Filed Under: Blog, Buyers, Sellers Tagged With: Buyers, Intown Atlanta Real Estate, Sellers

Atlanta Condo Inventory Is Going, Going, Getting There!

September 25, 2012 by Thom Abbott

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

Filed Under: Blog, Buyers, Sellers Tagged With: Buyers, Midtown Atlanta Buyers Guide, Sellers

When Barbara Corcoran Knows You –You’ve “Arrived” In Real Estate!

September 14, 2012 by Thom Abbott

Barbara Corcoran Knows Palmer House PropertiesToday was an awesome day! Just lots of good things happening. It’s days like this for me that must be like the electric car when it gets plugged in…..’ahhhhh…juice!’

I’ll save all the other good things for another post…but this just had to get out!

The President of Palmer House Properties, Kevin Palmer, and our Broker-in-Charge, Tod Von Brinegar just returned from Chicago and a national chamber of commerce meeting, where Kevin had the chance to meet Barbara Corcoran! While they were taking pictures, Barbara said to Kevin, “You use these pictures where ever you can to grow your business.” Kevin thanked her for her kindness, but he said she had probably never hear of this little company in Atlanta, Georgia.

Barbara promptly placed her hand on her hip, and replied, “I saw you in INC Magazine last year!” How awesome is that??

I just thought I would share the story with you all….and say that I’m even more proud to say, Thomas Ramon Realty@Palmer House Properties!

Thank you Kevin and Tom Ellicott, President for creating the greatest real estate company!

Barbara Corcoran Recognizes PalmerHouse Properties at National Conference

PalmerHouse Properties was recognized at the national chamber of commerce conference in Chicago by Barbara Corcoran, real estate entrepreneur, business consultant and television personality best known for her ABC’s Shark Tank show. Ms. Corcoran compared the success and rapid growth of PalmerHouse Properties to her own real estate business, which she started with a $1,000 loan and parlayed it into a five-billion-dollar empire. Ms. Corcoran recently sold her real estate business of 800 agents for $66 million.

Kevin Palmer, CEO & Founder of PalmerHouse Properties, had the rare opportunity to meet with Ms. Corcoran to discuss PalmerHouse Properties’ business strategies, mission and vision. Ms. Corcoran acknowledged that PalmerHouse Properties’ approach – Respect People, Have Fun, Make Money – was a major contributor to the company’s growth of almost 800 real estate professionals in only 7 years. Ms. Corcoran stated that bad times are the best times to move ahead and that was exactly what PalmerHouse Properties did. Kevin Palmer and Tom Ellicott started PalmerHouse Properties at the beginning of the worst real estate market in history; however, as Ms. Corcoran acknowledged, they were able to form a company that put the success and prosperity of its agents first.

Thanks Tom and Kevin…(and Barbara for recognizing us) in creating an enviornment where I can grow my business along with you!

Filed Under: Blog, Interesting Stories, Random Topics Tagged With: Buyers, Intown 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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