The Atlanta Condo Loft

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 $15,000 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.

Congress missed a great opportunity to stimulate many local housing markets with the bigger tax credit. With lower prices, low interest rates, and a large tax credit, first time buyers and those starting over after three years could have had some serious leverage to enter the market and relieve the backlog of inventory. $8000 is not nearly so dramatic, especially since we’ve got a $7,500 credit now. The main difference is that this stimulus credit does not have to be repaid. It is also not available to those in upper income brackets.

You can claim the $7,500 credit on your taxes you will file for 2008. If you buy now, you can claim the new $8,000 credit on the tax return you file in 2010.

Of course, when you buy your Atlanta condo with us, you don’t have to wait to file your taxes for us to cut you our own “stimulus” - we cut you a check at closing. And our check might be larger than $8,000. We don’t care if this is your first home, or your fifth.

Let’s say you buy an Atlanta condo at Skyline at Lindbergh or Aqua for 500,000. The buyers commission that we collect from the seller will be around $15,000. Commission rates and agreements are negotiable, and may vary.

But our flat fee for representing you is only $5,000. So we cut you a check at closing for the difference, which is $10,000.

But you’re in the price range for about 250K at Aqua. Well, same math. Assume our commission for representing you, the buyer, is around $7500. But our fee is still $5000, so you receive the difference at closing of $2500.

So lets see - we still have low interest rates for qualified buyers (that’s you) a lot of Atlanta condos on the market for the qualified buyer to choose from (again, that’s you having fun house shopping) and now if you are a first time home buyer you get an $8000 credit on your taxes next year (that’s you doing the happy dance in April 2010). AND WE GIVE YOU MONEY BACK AT CLOSING.

Give us a call, we’ll find the right Atlanta condo for lucky you!

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 reveals our true colors.

What will you find in this report?

i. Transactional Data / Commission Refunds
ii. Negotiation Advantage
iii. Demographics
iv. Customer Satisfaction
v. Why CondoDomain
vi. 2009 Corporate Forecast

Heck, its short enough….check it out.

Like Redfin’s similar real estate annual reviews, Ill let the statistics do the talking.

Congratulations to all of our team members here at CondoDomain for an outstanding 2008 and congratulations to all of our new clients and friends of the firm.

2009 is set to be an even bigger year.

DOWNLOAD THE 2008 ANNUAL REPORT

The story of Renaissance Walk is truly a story of a rebirth and renewal of a neighborhood. The Sweet Auburn district was a story of urban neglect in the 1970s and 80s, but by the 1990s new development was sprouting in the area.  Now with the resurgence of new mixed use developments, including the GSU dormitory buildings the area is poised for renewed prosperity in the new century.  The neighborhood is vibrant, and a great place to buy a new Atlanta condo.

Renaissance Walk is a $45 million development at Piedmont and Auburn which opened in November.  This unique Atlanta condo project is the result of a partnership between The Integral Group LLC and Big Bethel AME Church.

One bedroom homes in Renaissance Walk start in the high 100s and two bedrooms start in the mid 200s.  The residences are on top of 30,000 square feet of retail space, and the amenities include a pool, a rooftop tennis court, fitness center, Club room, sky deck, and spectacular views of the downtown Atlanta skyline.  “Renaissance Walk is one of the key initiatives that is at the center of the changes taking place in Downtown East and on the Auburn Avenue corridor,” said Egbert L.J. Perry, Chairman & CEO for The Integral Group.

The partnership with a church is unusual and an innovative approach to Atlanta condominium development.  Many members of the Big Bethel have moved to suburbs, so by investing directly in the development of the neighborhood, the church attracts middle class residents back to urban living, and increases the possibility of some of those new residents becoming members.  By partnering with an experienced developer, the church has fulfilled a social mission as well as reaped an economic benefit which extends to the community.

Tour Renaissance Walk Condos

Search all Atlanta Condos

Hey Atlanta! Have plans this weekend? Don’t let the season get you down! Stay calm, cool, collected, and avoid the mobs of holiday crowds at the shopping centers by checking out some of the latest open houses to hit the Atlanta condo market.

Whether you have been searching for that perfect Atlanta condo for a few months or just started looking now, CondoDomain Atlanta has you covered for anything you could need in your Atlanta condo search.

Browse new and existing Atlanta condo developments and learn how we are changing the way commission is paid to buyers’ brokers in the Atlanta real estate market. Find out more.

If you are interested in attending any open houses this weekend or touring any Atlanta condo, contact Ursula Henry today!

Get a head start, start touring Atlanta condos right now! Click HERE

In case you had not seen it

I know we promised to have CondoDomain Atlanta live last week and we tried so hard to make that a reality.  For any of you that were biting your nails waiting for the site to be ready…my apologies.  We ran into some unexpected (”expected”) technology glitches.

We are working through the long weekend here to get the site ready for next week.  I am very confident you will be able to surf the entire Atlanta MLS & the entire Atlanta condo market this upcoming week.

PLEASE NOTE:

Even though our site is not 100% ready.  Ursula Henry our Atlanta City Vice President is ready to go and will honor our innovoative flat fee buyers brokerage business model.

Save thousands when you buy with us!  Our flat fee real estate commission is $5,000 in Atlanta.  So no matter what Atlanta condo you may buy, we will, rebate the entire buyers brokerage commission to you at the closing (after our flat fee of $5,000).

Meet Ursula Henry

Example:

$500,000 - Atlanta Condo

$15,000 - Buyers Broker (Us) Commission

$5,000 - We Keep

$10,000 - Cash refund to you!!!

More on CondoDomain Atlanta:  Real Estate Rebate | Buyers Brokerage | Meet Us

In anticipation for the all new CondoDomain Atlanta search portal, we have pushed our local blog live! In the coming months we plan to release CondoDomain Atlanta and begin working with buyers looking to purchase in downtown Atlanta, GA! If you want to get a feel for what our site will be like in Atlanta, GA, please feel free to check out our Boston site.

Why Buy With CondoDomain?

1. We are exclusive buyers brokers! We only do 1 thing…and we do it very well!

2. Condos! Its what we know! Its what we do!

3. Flat Fee! We run an efficient business that benefits YOU, not a commission based agency that is compensated when you spend more!

Our average client receives more than a $13,000 refund back at closing…

We’re Hiring!

If you are interested in learning more about the company please write us or check out our Facebook Group here.

About CondoDomain.com LLC

CondoDomain.com is a web-based real estate brokerage based in Boston, MA. The company is expanding nationwide to offer its buyers’ brokerage services in more than 30 cities around the U.S. Currently operating in Boston, CondoDomain offers an innovative flat-fee business model allowing the majority of the commission to be refunded to the buyer. By combining up-to-date MLS feeds, new construction buildings, FSBO, Foreclosures, Lofts and Auction listings all on one site, CondoDomain has become one of the most popular and user friendly real estate websites available. CondoDomain.com offers a 100% satisfaction guarantee to all of its clients, ensuring a professional, efficient, and pleasant transaction. Visit www.CondoDomain.com for more information or feel free to dive into our blogs at www.CondoDomain.com/blog.

For more information, please contact Erica Farthing at (877) 852-6636.