Our article about the real estate auction of 40 units at the Element at Atlantic Station generated a lot of interest from our buyers.

And why not? Atlanta condo buyers are looking for as many great deals as they can find now – and real estate auctions are one way to get a great deal.

Another Atlanta condo auction will take place on March 29.  The Horizon near Cobb Parkway will auction 40 units at the W Perimeter in Atlanta.  Check in begins at 12:00 that day, and the auction begins at 1:00 pm.  There is NO BUYER’S PREMIUM.  Contact me about previewing these incredible Atlanta condo residences before this opportunity is gone.

The Atlanta Journal-Constitution reported that a three bedroom townhouse at Element sold for $257,000. This is well below the original asking price of over $400,000. A two bedroom sold for $211,000, a significant savings off the $289,000 listed price.

In the short term, an auction is not good news for people who already own residences in the building because of the pressure on prices. But in the long term, it can benefit everyone, because it gets the units sold, and the building does not sit empty, which also devalues the property. An auction establishes a floor on the real market price.

All the great things about owning a an Atlanta Condo at the Element at Atlantic Station are still true. You still are in a great location, with a spacious residence, swimming pool, sundeck, and luxurious finishes that include granite counter tops and stainless steel appliances in the kitchen, and large soaking tubs and separate glass enclosed showers in some baths. Pricing right now is listed as being from the $160s, and you have a choice of floor plans.

I can give you information on the Atlanta Condo market that is up to the minute, and benefits you, the buyer. This includes auctions, foreclosures, and listed sales. Best of all, I can find the right residence just for you – and remember – When you buy your Atlanta Condo with Condodomain, you save even more because we give you money back at closing.