The Atlanta Condo Loft

DUO Condos hit the Atlanta auction block! The Auction at Duo Atlanta is a fantastic opportunity for prospective Atlanta condo buyers to purchase a brand new Atlanta home with minimum bids starting as low as $75,000.

On Sunday, June 21, 2009, DUO Condos Auction will present 24 Atlanta Condos up for auction. DUO Condo  units come in a variety of floor plans and interior features include stainless steel appliances, hardwood floors, granite countertops, designer bath fixtures, and private balconies or terraces, among many other great features. Amenities at Duo condos in Atlanta include elevators to finished corridors, interior design planned environment, rich landscaping, wi-fi access, swimming pool & sun deck, state of the art fitness center, and a dog walking area.

Auction at Duo is set to be held:
Embassy Suites at Centennial Olympic Park.
267 Marietta St NW
Atlanta, GA 30313

Open houses will be available on a daily basis from May 27 thru June 20.
Open House Daily
425 Chapel Street
Atlanta, GA 30313

Feel free to Contact Me Today for more information on touring the Duo Condos and learning more about the Auction at Duo. You have the right to have a buyers broker to represent you in the purchase of your new home, know your rights and learn more about how we can help you save.

Happy bidding!

Georgia statewide Homebuyer Tax Credit  has just been signed into law! Very exciting news for prospective home buyers throughout the state of Georgia and especially prospective Atlanta condo buyers.

As of May 11, 2009 House Bill 261 was signed into law and this Georgia homebuyer bill establishes an income tax credit against individual income tax for the purchase of an eligible single-family residence located in Georgia.

Below are some important factors to know for the Georgia Homebuyer Tax Credit:

-No penalties if awarded.

To view the Georgia Dept of Revenue Memo, click here

Contact Me Today for more information on this Georgia Statewide Tax Credit and how it can help you find that new Atlanta Condo while saving you even more $$$ via our commission refund model. Learn How it works

It’s a dream home. The Sovereign Atlanta, that is. With more than a half million square feet of Class A office and retail space, the Sovereign includes 82 luxury homes. It was recognized as a Dream Home Awards Gold award winner in the “Best Condominium or Loft Home over $500,000″ category. Sovereign was also recognized as a Silver award winner in the “Best Condominium or Loft of the Year” category. The competition is judged by professionals in the industry, and attracts entries from all over the USA.

Sovereign residents enjoy unparalleled amenities in the prestigious Buckhead neighborhood, and the Buckhead club. Priced at $1 million and up, the award winning residences at Sovereign are truly a luxurious address of distinction.

Take a look at these Buckhead condos:

Ovation

Terminus

Find out why CondoDomain is different from other real estate brokers.

Auctions are getting yummy.

The upcoming Atlanta condo auctions at Aqua and the Cosmopolitan at Buckhead have a flavorful incentive for you to come and preview the condos for sale. They’ll feed you! Next Saturday, May 9, from 2-5 PM, come and see the apartments and enjoy a taste of the neighborhood with a sampling from your neighborhood restaurants. Both the Cosmopolitan and the Aqua will be hosting these tasting events.

This is a great opportunity for you to tour these Atlanta condos, and also enjoy some great food, music, and get a feel for the community. Long after you score a great deal on an Atlanta condo at auction, you’ll be part of these dynamic communities.

Call me if you want to preview these residences. I can register you for the auction, and work with you to get the best possible deal.

Meantime, enjoy the treats!

The Cosmopolitan at Buckhead will be holding an auction on May 17 at the Westin Buckhead. Preview these luxury Atlanta condos from now till May 16. Forty upscale Atlanta condos are being auctioned, and minimum bids start at $105,000. These opening bids represent at least a 49% discount off the original pricing.

FHA financing is available for qualified buyers, with 3.5% down. And there is no buyers premium!

Contact me before you register or preview these Atlanta auction condos – I can answer many of your questions about these condos and about this auction, and help you get the best deal possible, and the best financing.

This is a tremendous opportunity to buy at The Cosmopolitan at Buckhead for a well prepared buyer. I will work with you to have the strongest preparation, strategy, and financing possible.

Find out why Condodomain is different from other real estate brokers.

Atlanta’s Midtown Mile is full of choices in luxury living for the discerning buyer, and at great prices too. Midtown Atlanta is a top retail destination, and is experiencing a residential renaissance.

Take a look along the Midtown Mile corridor, and you will find incredible Atlanta condo buildings with great views and fabulous amenities. Take a look at these amazing buildings right on the Atlanta Midtown Mile:
ViewPoint
Plaza Midtown
Aqua

As we mentioned last week, residences at Aqua are due to be auctioned on May 17, at incredible starting bids.

Find out why CondoDomain is different from other real estate brokers.

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

Search: Atlanta Condos

Real Estate Auctions are the big news in Atlanta this weekend. I mentioned the Horizon auctions earlier, and I wanted to give you the details on this one.

The Horizon Auction will be held Sunday, March 29 at W Atlanta – Perimeter. Check in begins promptly at 12 pm, and the auction will begin at 1 pm. I must pre register you in person prior to attending the auction, so please contact me and let me know that you plan to attend. The opening bids on these 40 Atlanta condominiums are really previously unheard of low prices. They are well below 50% of the last asking price.

There is a lot of excitement about this Atlanta Real Estate Auction- I can advise you how to prepare, an answer your questions about the building, the units, and the entire auction process.I can also advise you about locating and buying Atlanta foreclosures.

Also, you still have an opportunity to purchase at The Element. Prices have been adjusted on the remaining units to reflect the auction prices that were set a few weeks ago.

With prices this low, the commission paid to CondoDomain by the seller may be below our flat fee, and that will affect the amount of money we refund to you. However, we’re always happy to help you, the buyer, get the best deal possible on a great Atlanta condominium.

Call me today to tour The Element, and to plan for attending the Horizon Auction.

There has been a lot of attention to nationwide foreclosures in the news lately. The number of foreclosures is up this month, and looks pretty drastic. This is partly because of the moratorium on foreclosures in December and through February, awaiting word from the White House on how the federal government would intervene. Now that the moratorium is over, foreclosed properties that were already set for auction have been again scheduled for sale, and now there is a backlog of them.

Foreclosures are pressuring the real estate market in many cities, but providing many opportunities for home ownership. Formerly investors and “house flippers” were the majority at Atlanta foreclosure auctions. But now, regular home buyers who want a chance at an affordable home are flocking to Atlanta  foreclosure auctions.

While foreclosures in huge numbers hammer housing prices, efforts to sell the homes and get them off the market have two benefits. One is that once the large inventory of Atlanta foreclosures is off the market, housing prices can stabilize and a true market value can again be established, with homeowners once again building equity. The second benefit is obvious – the buyer gets a home at a low price.

Buying an Atlanta foreclosure is not without risk, since the buyer is responsible for repairs and all liens against the property, including taxes, construction liens, and second mortgages. When it comes to Atlanta condos, it’s possible to have less risk exposure than with a freestanding house. We can help you with this. We can give you information about the building, the community, and assisting you in finding out the truth about all outstanding liens. We can also assist you with purchasing any foreclosure you choose, not just a condo.

Here at CondoDomain, we have partnered with RealtyTrac so that you can search all available and pending foreclosures in the Atlanta area. Take a look at these, and then call us with your questions.

Good news for FHA loans! As of last week, there are new maximum loan limits that are available due to the American Recovery & Reinvestment Act. These new loan limits are for new and existing loan applications that are submitted with credit approval on or after March 12, 2009.

Here is a list of the 2009 FHA Maximum Mortgage Limits*:

$729,750 for one-unit properties
$934,200 for two-unit properties
$1,129,250 for three-unit properties
$1,403,400 for four-unit properties

These new limits open up the possibilities for many new buyers! Now lenders can go as high as a $729,750 loan amount with only 3.5% down! So if you are in the market to buy and have previously been unable to put 10-20%  down, this is excellent news!

Contact Christina Longo immediately for more information at 978.886.9359

View the all-new Condo Loan Center to learn more information. The Condo Loan Center offers everything from first-time homebuyer programs with down payment assistance, to private mortgage banking with unlimited loan amounts. In addition, the Condo Loan Center has the ability to act as a broker gives clients even more loan programs. Through the Condo Loan Center, you can rest assured that you will be provided with a competitive loan that meets your individual needs.

A complete schedule of FHA’s maximum county mortgage limits can be viewed through the HUD website by clicking here
*the list excludes financed UFMIP or EEM cost