• Home
  • Brookhaven
    • Close
      • Brookhaven Parc
      • Dresden Creek
  • Buckhead
    • Close
    • 2500 Peachtree
    • 2901 Lenox
    • Buckhead Grand
    • Buckhead Village Lofts
    • Cosmopolitan at Lindbergh
      • Eclipse Buckhead
    • Gallery Buckhead
      • Realm Buckhead
    • Walden on Lenox
      • The Winston
  • Chamblee
    • Close
    • Frontier Woods
      • Huntley Hills
    • Keswick Village
      • Lofts at 5300
    • Peachtree Malone Lofts
      • Townsend At Chamblee
      • Variations Townhomes
  • Doraville
    • Close
    • Assembly Doraville
    • Doraville In the News
    • Homes For Sale
    • Northwoods
    • Chestnut Place
    • Third Rail Studios
  • GA TECH
    • Close
    • Off Campus Housing
    • MARTA and Midtown Atlanta
  • “ITP”
    • Close
    • Adams Crossing
      • Ansley Parkside Townhomes
    • Atlanta Beltline
      • Emory University Area
    • LaVista Walk Townhomes
      • NEW Buckhead Listings
    • VIRGINIA HIGHLAND
  • Midtown
    • Close
    • About Midtown Atlanta
      • Historic Midtown Atlanta
        • Choose ATL
      • NEW Midtown Listings
      • Midtown Neighbors’ Association (MNA)
    • Midtown Atlanta HIGH RISE Condos
      • Midtown Atlanta MID RISE Condominiums
        • Seventh Midtown
        • Cornerstone Village Midtown Atlanta
        • 805 Peachtree
        • MidCity Lofts
        • The Dakota
        • Peachtree Lofts
        • Cotting Court
        • 905 Juniper
        • Peachtree Walk
        • 33 Ponce
        • Tuscany Midtown
        • Piedmont Crest
    • Midtown West
      • Twelve Atlantic Station
      • The Art Foundry
      • The Atlantic Residences
      • Element Condominiums
      • White Provision Atlanta Condos
      • M West Townhomes
    • 1 Bedroom Condos 30308
      • 1 Bedroom Condos 30309
      • Midtown 2 Bedroom
    • MARTA and Midtown Atlanta
  • CONTACT
    • Close
    • About Us
      • Testimonials
      • Time With Thom
    • Your TEAM at MyMidtownMojo
      • Michele – Silverton Mortgage
      • Ryan – Highland Mortgage
  • Buyers
    • Close
    • Mortgage Calculator
    • ASK THE BROKER!
    • Buyers Guide
      • Buyer Questionnaire
    • Market Reports
    • RELO TO ATLANTA GA
      • Atlanta GA Relocation Guide
    • Rent Vs. Buy
  • Sellers
    • Close
    • Midtown Market Reports
    • Selling Intown Atlanta Real Estate | Selling Your Home!
    • Short Sales
    • Who Is Palmer House Properties
  • BLOG

Atlanta Condos For Sale

Buyers: You May Face Less Competition as Bidding Wars Ease

September 3, 2022 by Thom Abbott

Buyers: You May Face Less Competition as Bidding Wars Ease

Buyers: You May Face Less Competition as Bidding Wars Ease | MyKCM

Buyers, you may face less competition as bidding wars ease, and we also see an increase in inventory in various locations in Atlanta! One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this firsthand and may have been outbid on several homes along the way.

But here’s the news you’ve been waiting for: data shows clear signs bidding wars are easing this year.

According to the National Association of Realtors (NAR), the average number of offers on recently sold homes has declined considerably over the past few months (see graph below):

Buyers: You May Face Less Competition as Bidding Wars Ease | MyKCM

The graph shows homes were seeing a high of around five offers earlier this year. But the latest data shows that average was down to just shy of three offers per recently sold home. This shift is happening largely because rising mortgage rates moderated buyer demand and slowed home sales, resulting in a growing supply of homes on the market. Essentially, more choices for buyers. These stats are on a national level…locally in Atlanta, we are still seeing multiple offers on choice properties, but we are also seeing the return of financing contingencies, due diligence periods and even Seller paid closing costs. 

What This Means for You

If you put your home search on pause because you were outbid last year or because you didn’t want to deal with the peak intensity of bidding wars, you can breathe a welcome sigh of relief. While it’s still a sellers’ market, an uptick in inventory gives you a window of opportunity to jump back in. You may still be competing with some buyers, but it likely won’t be anything like it was just a few short months ago.

Bottom Line

If you put your plans on pause because of intense bidding wars in recent years (or months), it may be time to kick off your home search. Today, bidding wars are easing and that may mean less competition for you as a buyer. If you’re serious about buying a home or making a move, let’s connect to get started today.

If you are a first-time home buyer, we are ready to help you! Check out our Buyer’s Guide…a series of articles that will walk you through the home buying process. And of course, we will be there every step of the way with you! Give us a call and let’s talk about your home buying needs! 

Filed Under: Atlanta Relocation, Blog, Buyers, Real Estate Tips, Sellers Tagged With: Buyers, Intown Atlanta Real Estate Buyers Guide, midtown atlanta real estate, News, Sellers, So You Know

Should I Rent Or Should I Buy?

July 21, 2022 by Thom Abbott

Should I Rent or Should I Buy?

Should I Rent or Should I Buy? [INFOGRAPHIC] | MyKCM

Some Highlights

  • It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home.
  • When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save.
  • If you want to learn more about the benefits of homeownership, let’s connect today. You can contact us via email at Info (at) MyMidtownMojo.com or fill out our Buyer Questionnaire! 

Filed Under: Blog, Buyers, Real Estate Tips Tagged With: Buyers, Intown Atlanta Real Estate Buyers Guide, midtown atlanta real estate, News, So You Know

Wondering Where You’ll Move if You Sell Your House Today?

July 20, 2022 by Thom Abbott

Wondering Where You’ll Move if You Sell Your House Today?

Wondering Where You’ll Move if You Sell Your House Today? | MyKCM

If you were wondering where you’ll move if you sold your house today and if you put a pause on your home search , it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have a better chance of finding a home that will meet your current needs. Here are some options to consider.

Buying an Existing Home Can Give You That Lived-in Charm

According to the National Association of Realtors (NAR), the supply of existing homes (a home that’s been previously owned) has steadily increased since the beginning of the year. The graph below indicates inventory levels are rising, and that’s largely due to more homes coming onto the market and the pace of sales slowing:

Wondering Where You’ll Move if You Sell Your House Today? | MyKCM

As the graph shows, if you’re looking for a home with lived-in charm, supply is rising, and that’s great news for you.

Danielle Hale, Chief Economist for realtor.com, gives insight into why more homeowners are listing their homes and adding to the growing supply of existing homes today:

“Home sellers in many markets across the country continue to benefit from rising home prices and fast-selling homes. That’s prompted a growing number of homeowners to sell homes this year compared to last, giving home shoppers much needed options. We’ve seen more homes come up for sale this year compared to last year . . .”

There are several benefits to buying an existing home. Many buyers want to purchase a home with history, and the character of older houses is hard to reproduce. Existing homes can often be part of an established neighborhood featuring mature landscaping that can give you additional privacy and boost your curb appeal.

Plus, timing can be a consideration as well. With an existing home, you can move in based on the timeline you agree to with the sellers, rather than building a new home and waiting for construction to finish. This is something to keep in mind, especially if you need to move sooner rather than later.

Just remember, while more sellers are listing their homes, supply is still low overall. That means you’ll have more options to choose from as you search for your next home, but you’ll still need to be prepared for a fast-moving market.

Purchasing a Newly Built or Under Construction Home Means Brand New Everything

Census data shows there’s an increasing number of new homes available for sale. It includes homes that are under construction, soon to be completed, and fully built. As the graph below highlights, the supply of new homes for sale has also grown this year:

Wondering Where You’ll Move if You Sell Your House Today? | MyKCM

When building a new home, you can create your perfect living space and customize it to your lifestyle. That could mean everything from requesting energy efficient options to specific design features. Plus, you’ll have the benefit of all new appliances, windows, roofing, and more. These can all help lower your energy costs, which can add up to significant savings over time.

The lower maintenance that comes with a newer home is another great advantage. When you have a new home, you likely won’t have as many little repairs to tackle, like leaky faucets, shutters to paint, and other odd jobs around the house. And with new construction, you’ll also have warranty options that may cover portions of your investment for the first few years.

Keep in mind, purchasing a new home could mean waiting a considerable amount of time before you can move. Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy at the National Association of Home Builders (NAHB), explains:

“New single-family home inventory remained elevated at a 7.7 months’ supply. . . . However, only 8.3% of new home inventory is completed and ready to occupy. The remaining have not started construction (25.9%) or are currently under construction.”

That’s an important factor when making your decision and one you should discuss with a trusted real estate advisor. They’ll help you think through all the pros and cons of both new and existing homes to help you arrive at your best decision.

Bottom Line

If you were wondering where you’ll move if you sell your house today….with the supply of homes for sale rising, you have options for your next home no matter what your preferences are. If you have questions or want help deciding what’s best for you, let’s connect and start the conversation today.

Filed Under: Blog, Buyers, Real Estate Tips, Sellers Tagged With: Buyers, Intown Atlanta Real Estate Buyers Guide, News, odds and ends, Seller Tips, Sellers, So You Know

How do Buildings in Midtown Get Developed?

June 15, 2022 by Thom Abbott

Midtown Owners Manual Midtown Alliance

Midtown Owners Manual for Developers

I’ve been selling real estate in Midtown Atlanta since 2004. I’ve seen some pretty dramatic changes to the landscape over those years…and I think there may still be a few exciting new things in the future. As you walk down the street, you might be wondering, how some decisions were made with regard to a particular building. And you are having an interaction with that building as you look at it, or even visit a retail establishment or enter the actual lobby of the building. And it could be a residential (condominium) building, a student-focused apartment building (think University House, SQ5, The Mark) or one of the numerous office towers that dot the skyline. 

Atlanta has not had much of a flair to make their skyline stand out. Sure, you can pick up various buildings in various locations, but that’s the thing…they are all over the place. You have Downtown, Midtown, Buckhead, the Perimeter ( think Perimeter Mall area) and then the Cumberland/Galleria area. If all the buildings from those areas were grouped together say Downtown to Midtown, you could have a pretty cool looking skyline. But developers in Atlanta seem to like the 4 squares of glass. Many of the newer construction buildings are lack-luster…in my opinion. Go to a city like Miami and the skyline will blow you away. It’s like each developer it trying to outdo the last one. Sure, they have oceans and bays for views, so they have amazing balconies on all the buildings. (If you notice, in Atlanta, balconies are often pretty small…almost an after thought. 1010 Midtown and Plaza Midtown are an exception) 

But all of this goes through a pretty extensive design review process through the City of Atlanta, and in Midtown specifically, you have the Midtown Alliance and their Design Review Committee (DRC). And they have a pretty good road map for any developer to follow….but they don’t really say “hey, would you make something that will WOW us?” Mind you, I’m a residential real estate broker, not a developer or builder. So I will be the first to admit I’m lacking in knowledge on this type of construction and all that goes into it. But, I can say, if I was building a building, I’d want it to be one that people driving on the Downtown Connector would go, WOW, WHAT BUILDING IS THAT! 

But to help you understand some of the guidelines that the DRC works with, and expects developers to follow, take a look at the Midtown Owners Manual for Developers. It’s a pretty cool online book that will give you some insight into the design goals for Midtown Atlanta. 

And maybe, just maybe one day, you’ll see that 40 story building go up, be it residential or office…and you will go WOW! I know I’m waiting. 

Filed Under: Atlanta Relocation, Blog, Midtown Atlanta, Midtown Atlanta Apartments, Midtown Atlanta Condos For Rent, Midtown Atlanta News and Events, Midtown Photos, Random Topics Tagged With: Atlanta Condominiums, atlanta relocation, Condominiums, Intown Atlanta Real Estate, midtown atlanta real estate, odds and ends, personal thoughts, So You Know

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

10 Moving Mistakes You Should Not Make

October 10, 2021 by Thom Abbott

Let’s face it….moving….whether across town, or across the country is one heck of a big deal. You’ve landed that new job, or job transfer and it’s time to pack up your home or condo for the move. But it is a little more involved than than! However, if you have a moving plan, then here is a list of 10 Moving Mistakes You Should Not Make! 

Moving Mistakes to AvoidDeclutter

We all have stuff. A LOT of stuff. If you have a big house, you probably have even more stuff. But if you have less stuff to move, you can save not only time, but money. The more boxes or the more your move weighs, the more it can cost you. As you get ready to move, now it the time to clean out the basement, garage and the things in the waaaay back part of your cabinets that you have not used in years!  You can donate them to a local charity that either has a re-sale store or in turn prepares kits of things to help less fortunate people that may just be getting into some kind of housing, and need everything from kitchen tools to linens. O

Once you have completed this step, and have less to move, you can start looking for a moving company. 

Finding the Right Moving Company

When I was in corporate America ( I spent 25 years in the hotel business) I got moved around. In fact, I did 5 “corporate moves.” I say corporate in the sense that their was an management company that coordinated the move, and I did not have to search out the moving company. Of course, I was at the mercy of whomever they selected…and I had some amazing people and moves, and I had a disaster too. If you are moving across town, or maybe from an apartment into your first condo, you might be able to do it yourself…with the help of some football friends to move those bigger pieces of furniture. But, if you decide to use professional movers, make sure you do your research. 

You can easily do a Google search and see what kinds of reviews they have from past clients. You may also find reviews at sites like Facebook or Yelp. Another source can be the Better Business Bureau. 

You should not depend on an on-line estimate. To have a clear picture of what you have to move, the moving company should send a person to your home to do a detailed assessment of what you have to move. (Side note: When I moved from New York back to Atlanta – corporate move – they had someone come look at my stuff. The day of packing, they showed up and literally had 1/3 of the boxes they needed to fit all my “stuff.” It was a struggle the rest of the day until they finally realized I was right, and got someone to arrive with more boxes. THAT is moving stress!) 

And get the estimate in writing. And get more than one estimate. If  you are making a long-distance move, consider selling things and buying new when you get to your new home. Sometimes, this can be cost effective in saving you moving expenses, plus you get new furniture at your new place. 

Will Your Furniture Fit

As you are house hunting, be sure to keep in mind where and how your furniture will fit into your new home. If you have some specific items that you know MUST come with you (think a family heirloom wardrobe or dining room set) you want to know they will fit in your new home. Take those measurement, and store them on your phone in some note-taking app. And when you are out touring new homes, have a tape measure with you. This way you can see if things will fit. This can also be a time where you decide something won’t make the move (see Decluttering above) and you can donate or sell it. 

You can also have overall measurements of rooms. In your current home, your Owner’s suite is 12′ x 14′, so your king-sized bed and two dressers fit nicely. But the new home, the room is much smaller, even though it is still the main bedroom. Is that same furniture going to fit?

Don’t Wait Till The Last Minute (If You Can)

If you have time to plan for your move, and do things like declutter, or organize things to help with how they will get packed, this is the best way. You might have things in a closet in your current home, that can now be in a basement in the new home. So they can be packed and labeled that way. When I moved, my corporate relocations were all done quickly. I literally could be told on a Monday I was getting a transfer and had to be at the new hotel the following Monday. I would make a return trip back to be there for moving day, but I rarely had time to “prepare” for my move. As such, the unpacking at the other end was sometimes a long process because I did not have time to better organize. 

I Can Do This!

This falls under the category of renting a truck yourself, packing your boxes yourself, and moving…..yourself. Ahhhh, not so fast! 

Certainly this is an option if you are making a short move across town. But, who is going to help you with the big furniture? Do you have the equipment (dolly) to help haul boxes from the truck to an elevator? What if there is NO elevator and two flights of stairs to take everything up? 

You can ask friends to help, but maybe last minute they have something come up, and can’t be there? Or you’ve got an awkward piece of furniture to get out of a truck and maybe up a flight of stairs. ( I helped move an upright piano for a friend once…..never again!) Professional movers can have equipment or even “hacks” on how to move something easier than you or I could. 

Also, if you have children, think about how you can include them in the moving process. Maybe they have a box of things they will be taking with them to have on hand before the truck arrives at your new home. And speaking of those items you may need when you first arrive….

Moving Day Care Package

Avoid Moving MistakesBefore you movers arrive, make sure you have a special place for important documents and other things you will need…and that this box (or boxes) are safely tucked in your car so they don’t get packed by mistake. (That New York move….I had a brief case with important documents in the garage next to my car…yet to put it in there. Suddenly, it’s no where to be found. One of the movers randomly picked it up and onto the truck it went. It took 30 minutes and some UN-packing of the truck to find it. Not to mention it got damaged! UGH!) 

Think of important papers such as car registrations, moving documents, medications, cell phone chargers, laptops and their charger. Think anything you use on a daily basis. Furthermore, you should pack a suitcase (or two) just like you are going on a trip. You will need clothes and those that get packed out of your closets and dressers…may not make it to your home for days, or maybe even weeks, if things go into storage for a time. Imagine you pack all your shorts and t-shirts because it’s January in Chicago, and you arrive in Atlanta and it’s in the 70’s, and all you have are sweaters and long pants! 

Saving Money on Your Move

We’ve already talked about the expense of moving, and getting rid of things you won’t need or use in your new home. But other ways you can save on moving? Moving boxes are an expense that can add up really quick!! Put out message via social media or other channels you may have to see who could of just moved and have all their empty boxes they would be happy to have you take off their hands! You can also get boxes from local stores. One thing to note…If you use uniform-sized boxes like those you get from a moving company, your packing of the truck will be much easier. 

But don’t wait till the last minute to start looking for these other sources for boxes….you can flatten the boxes and start stacking them in one room to get ready to pack them. 

Moving and Protecting Valuables

Professional movers are pretty good and wrapping and protecting things. But, you may have special items (family heirlooms, collections) that require special attention. (And my require special insurance to move!) I have an extensive Matchbox car collection that if I was to move again, a moving company would want me to pay special insurance in case of any damages or heaven forbid, they lost them! I had a client with an extensive wine collection and the moving company would not move them. So he rented an SUV and made a special trip to move those to his new home. 

You want to make sure you have insurance with your moving company, as well as with your own insurance company and know how they will protect you in the event of loss or damage. 

Moving Fido or Your Felines

Hey, they are part of the family, but you may not have thought about their special needs. First off, you don’t want them around on moving day. Animals have a keen sense of things going on, and all the boxing, noise from tape dispensers and such could really have them upset. Not to mention, if one of them is an escape artist and darts out an open door. Now you are chasing your dog around the neighborhood while they are packing your house! 

Consider having them stay with a friend or other family member if possible. Have extra food put aside so it does not all get packed! Then you can pick them up for the trip to your new home, be it across town or across the state!

Don’t Forget to Change Your Address

Lastly, but certainly not least, don’t forget to change your mailing address. You need to make sure any bills or statements that come to you via regular mail, will find you. Many of your payments may all be done on line, but you will still need to update those accounts with your new address. One thing I often see is the magazine subscriptions….they will come for weeks and months after you moved. And don’t forget those catalogs if you are one of those! If you depend on receiving that publication vs. it being online, then you need to put in for a change of address. 

You can get a kit from the U.S. Post Office to help you with this process. But the change may not take effect immediately. If you sold your home, you can coordinate with your agent and the Buyer’s agent to get any important mail that shows up at your old home. I have often picked up a stack of mail and then sent it to my clients at their new home. They certainly appreciated that service! 

Last Words

As I mentioned in the beginning, I did 5 corporate moves, but there was at least double that amount of local moves that I did. Thankfully, I avoided most of these moving challenges, but there were still a few. My favorite was not having every single item boxed! How many little trips were made in the car between places to get all those odds and ends that never ended up in a box. 

But if you make a list, and keep these things in mind, hopefully your move won’t be as stressful. Moving IS stressful, so planning can help take some of that stress away!

Filed Under: Atlanta Relocation, Blog, Buyers, Random Topics, Real Estate Tips, Sellers Tagged With: atlanta relocation, Buyers, Seller Tips, Sellers, So You Know

  • « Previous Page
  • 1
  • 2
  • 3
  • 4
  • 5
  • …
  • 23
  • Next Page »

Thom Abbott

Associate Broker, REALTOR(R)
905 Juniper Street, NE Suite 110
Atlanta, Georgia 30309
770.713.1505 Direct
404.876.4901 Office

 
 
 
 
 
 
 
 
 
 

HomeSmart

Copyright © 2025 Thom Abbott MyMidtownMojo.com All Rights Reserved | Privacy Policy | Cookie Policy | Terms of Service | Disclaimer | Log in