Lets talk about the “f” word – Foreclosure. We’ve seen a lot of attention lately to President Obama’s plan to help distressed home owners avoid foreclosure, and relieve the pressure of those drastically reduced priced homes on the market. What does this mean for you, the buyer of a condo here in Atlanta? Is an Atlanta Foreclosure a good deal for you? Will action by Congress keep you from getting an unbelievably good deal, or sweeten the deal more for you?
So what is the story with the stimulus and the tax credit for first time home buyers anyway? How different is it from the tax credit that already exists? Originally, a $15000 stimulus credit was discussed, one that would be open to all home buyers who had not purchased within the past three years. This would have carried a $19 billion price tag. Congress reduced it to $8000. But you still are eligible if you have not owned a home within the past three years.
Afforable living in Buckhead is within your realm of possibilities. Priced from 170K to 460K, the Atlanta Condo homes at Realm are certainly within your reach – and now is a particularly good time to buy. The economic stimulus bill that is before Congress will not give you a $15000 credit as a first time home buyer, but it will give you one of up to $8000. That’s only $500 more than the present $7500, but this time, there are fewer limitations. At present, you have to pay the $7500 credit back over 15 years. The new $8000 credit will not have to be paid back unless you sell within three years. And we sweeten the deal too, when we give you cash back at closing. Prices and interest rates for qualified buyers are still low.
Just in time for Valentines day weekend, we’re here with a “sampler” of beautiful Atlanta Condos. And don’t forget our year round valentine to you – you save thousands via our commission refund.
One of the most exciting and affluent urban neighborhoods in Atanta is Buckhead. A neighbohood with history, lively retail and entertainment, and architectural significance, the area is home to many new high rises that infuse a cosmopolitan aura into a timeless area. Not all of your Altanta condo choices in Buckhead are contemporary high rises. Take a look at the Alhambra, built in 1927 and on the historical register.
If you are looking for true loft living in a great Atlanta neighborhood, we’ve got a solution for you. Studioplex Lofts are well located at the intersection of Atlanta’s Old Fourth Ward and Inman Park, close to major attractions, offices, public transportation, and truly great residential shopping. It’s also your chance to live in a truly dynamic building community. Studioplex is a mixture of residential living and commercial space.
The lofts are true lofts – some have up to 18 foot ceilings.
The Brownstones at Honour are gracious and expansive living in a well maintained luxury townhome community. Located in the prestigious Buckhead area, these impeccably designed and maintained Atlanta townhome residences afford truly gracious and luxurious living.
If you’re thinking about buying a condo, and waiting until prices come down further, you might want to think about that a bit. Fannie Mae announced in December that effective April 1, a new Loan Level Price Adjustment (LLPA) would apply to condo and co-op loans. The grids can be found here.
Now what does that mean for you, the Atlanta Condo buyer?
Putting this Whitepaper together was almost as exciting as engaging in the real estate brokerage community this year. For all of you who have followed us through social media and our blogging efforts… and for all of you who have met us or become a client of ours: you all know we like to have fun along the way!
Well, while all of that fun that is publicly displayed, there is actually quite a bit of work that went on behind the scenes. I believe that this CondoDomain Year 1 Review …
How would you like to “live at the intersection of art, architecture, and life”? Well, if you are in the market for the most luxurious of Atlanta condos, the Sovereign at Buckhead is just the thing for you. With a starting price at $1 million, these homes are selling. Closings are happening on these desirable residences, and here’s why.
Atlanta’s Downtown is certainly becoming the sweet spot of luxury living. New this month are the ultimate high end homes at The W Atlanta, a luxury hotel/condominium at Allen Plaza, ranging in price from $400,000 to $4 million. Located in the heart of downtown Atlanta, near Centennial Park, the residences afford breathtaking views and the finest in design amenities.
1010 Midtown is offering “life on the curve” for a variety of savvy midtown Atlanta condo dwellers. The building has a “park in the sky” pool area, a clubroom, a fitness center, and state of the art amenities. Situated atop flagship retail stores, it is the cornerstone of the “midtown mile”.
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