The Atlanta Condo Loft

The auction of midtown Atlanta condos at Aqua will take place Saturday,  May 16 at The W Atlanta. What advantage is to be gained with these real estate auctions, where the opening bid is sometimes less than half the original asking price?

In a typical open market, one buyer may come along and negotiate one price – and the buyer for the next unit may negotiate a lower price. So, the buyer for the third unit will see that prices are going down, and try for an even better deal. But at a real estate auction, where 30 or 40 units are being sold all at once, a focused marketing event establishes the true baseline of the market price – and the perception of a great deal. This makes it more likely that when you resell once the glut of new condominium units is off the market, you will not be in a downward spiral on the pricing, and can build equity.

It’s expected we’ll see more auctions for midtown Atlanta condos, since there are a great many of them, and developers want to move the inventory. So this means some great deals for today’s buyers of midtown Atlanta condos.

Midtown Atlanta condo auctions are a great opportunity for today’s buyer. Please contact me about pre-registration before you go to the Aqua auction- I can then represent you at the auction, and help you obtain financing and determine your pricing strategy.

Find out why CondoDomain is different from other brokers.

Now is the time to take advantage of Atlanta’s great buyers market for Buckhead condos. The Buckhead neighborhood has show tremendous performance in commercial leasing and luxury living. Buckhead condos are well known for their luxurious amenities, superb location, and work/life amenities.

Take a look here at Atlanta Buckhead condos currently available:

The Buckhead Grand

Paces 325

The Cosmopolitan at Lindbergh

Skyline at Lindbergh

Ovation Atlanta

There are also some terrific real estate auction opportunities coming up in Buckhead.  Cosmopolitan at Buckhead will be auctioning unsold units on Sunday, May 17, at the Westin Buckhead.  Contact me for details and registration.  I’ll have more auctions to list shortly.

So let me get this straight, the City of Atlanta gorges itself on taxes rom properties that soar in value while increasing services and jobs for nephews during the housing boom. Then, when the bottom falls out of the market, it not the city’s fault, but the fault of the mortgage companies that Atlanta is broke and has over spent themselves?

Now they want to sue the mortgage companies o get lost tax revenue, because the mortgage firms lent to people that got foreclosed upon? The citizens of Atlanta should sue the Atlanta elected officials who squandered the surplus in the tax revenue that came in the door during the boom.

Interesting article – follow it here.

Source: The Real Estate Bloggers

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