Cornerstone Village True Loft Living! 2 Bedrooms/2 Baths

Investing in your child's higher education is an important thing! I remember the couple dollars ( or few) that my parents shelled out to send me to the University of Houston and the Hilton College of Hotel and Restaurant Management. At that time, I'm not sure if my parents had the money to purchase a home or condo for me to live in..it was probably the time of 15% interest rates!

But in Midtown Atlanta, parents at Georgia Tech have another opportunity to invest in their child's education....Buying Midtown Atlanta Real Estate!

ANOTHER GATech Parent Buys Midtown Atlanta Condo!

This past Friday, another GATech parent invested in their child's future by buying a Midtown Atlanta condo....in this case, at Cornerstone Village. Cornerstone is still a value option for a parent looking to purchase a condo for their student to live in while attending GATech!  

This was the last 2 bedroom that was on the market, but another one could appear anytime? There are still some great 1-bedroom options, but they don't work to well for students that might want a room mate. Click Here to learn MORE about Cornerstone Village! 

Prices are going up....despite what you hear about the economy or real estate elsewhere in the country.Cornerstone Village in fact saw an average price increase of 18% from 2011 to 2012!!! Now just might be the best time to buy!

A long term investment opportunity may be available to you once your son or daughter leaves school. Leasing your condo requires an approved leasing permit from the HOA!  This waiting list in most Midtown Atlanta condo buildings pushes FIVE YEARS! So, if you purchase now, and your student lives there for 4-5 years, and you've placed your name on the rental permit waiting list, you might clear it and be able to rent your Midtown Atlanta condo back out! FULL DISCLOSURE -- there is NO, repeat NO guarantees that you will clear the list in this time period.

It's just an option for you to consider.

This post originally appeared at MyMidtownMojo.com 

Associate Broker

Thomas Ramon Realty @ Palmer House Properties

2911 Piedmont Road, NE, Atlanta, GA 30305

Direct: 770.713.1505  Office: 404.876.4901  Fax: 404.478.8495

 

              

 

 

 SEARCH ATLANTA HOMES FOR SALE BY ZIP CODE!

 

Brookhaven/Ashford Park 30319	Buckhead 30305
Buckhead 30327	Buckhead 30342
Chamblee 30341	Decatur 30307
Doraville 30340	Downtown Atlanta 30303
Druid Hills 30329	Dunwoody 30338
East Atlanta/Ormewood Park 30316	East Lake/Kirkwood 30317
Grant Park 30312	Midtown Atlanta 30308
Midtown Atlanta 30309	Midtown West/Collier Hills 30318
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Everybody moves in one way or another.

You move when you walk. But the kind of move I'm talking about is the place you call home. Some people will move more than others. It could be out of need, or they simply have the "ability" to move. Ability could mean they have equity in their home, a job transfer with some relocation benefits, who knows?

The Reasons People Moved in 2012

But moving is a big deal. Whether by necessity or by choice. Whether it's across the street, across town, or across the state, it's a big deal. Besides packing, and all that, there is the process of selecting the right real estate agent to market your home or condominium. And, if you are moving within the same city, do you use the SAME agent for both the sale of your current home, and the purchase of your next? Ah, that's another topic.

But there can be many reasons you need to move. Whatever YOUR reason, I'm here to help make the real estate part of your move as smooth and easy as possible.

Associate Broker

Thomas Ramon Realty @ Palmer House Properties

2911 Piedmont Road, NE, Atlanta, GA 30305

Direct: 770.713.1505  Office: 404.876.4901  Fax: 404.478.8495

 

              

 

 

 SEARCH ATLANTA HOMES FOR SALE BY ZIP CODE!

 

Brookhaven/Ashford Park 30319	Buckhead 30305
Buckhead 30327	Buckhead 30342
Chamblee 30341	Decatur 30307
Doraville 30340	Downtown Atlanta 30303
Druid Hills 30329	Dunwoody 30338
East Atlanta/Ormewood Park 30316	East Lake/Kirkwood 30317
Grant Park 30312	Midtown Atlanta 30308
Midtown Atlanta 30309	Midtown West/Collier Hills 30318
Morningside 30306	Morningside 30324

Are you looking for a specific Intown Atlanta neighborhood to focus on?

Contact Thomas Ramon Realty and we can set up a search for any specific neighborhood you are looking for!  

I’ve been selling Midtown Atlanta condos for 8 years now.  But I was surprised when I did the Midtown Atlanta Market Report for Cornerstone Village  for June ,2012. Only TWO homes listed For Sale!

Many a savvy buyer jumped on the wagon last year when Cornerstone Village had foreclosures that could be bought for $50-80,000! Imagine, a Peachtree Street address for $50,000??? There may still be some future chances in this Midtown Atlanta community, but one would need to act quick. Whether they will be in the form of foreclosures or short sales remains to be seen.

Many home owners owe more than the value of their Cornerstone Village condo, but don’t want the credit smear of a short sale on their credit. So, there they sit. The community is at rental capacity, and infact at this time is not eligible for FHA financing for buyers.

Here is a picture of the Midtown Atlanta Market Report for Cornerstone Village, June, 2012.

•     2 Active Listings at $109,000 and $225,000
•     3 Short Sales Pending Lender Approval at $75,000, $115,000 and $170,000
•     4 Pending (Under Contract) ranging from $69,000 to $248,000
•     2 Sales in June at $96,000 and $167,000
•     7 Sales in June, 2011 6 of those Sales were UNDER $100,000 and 1 at $145,000

Cornerstone Village still can represent value to the Midtown Atlanta condo buyer. Of course, this community is not like the newer highrises, but if you are looking to be close to GATech, this is a great choice.

Read more: http://www.mymidtownmojo.com/midtown-atlanta-market-report-cornerstone-village-june-2012#ixzz22DrnfMaQ

Associate Broker

Thomas Ramon Realty @ Palmer House Properties

2911 Piedmont Road, NE, Atlanta, GA 30305

Direct: 770.713.1505  Office: 404.876.4901  Fax: 404.478.8495

 

              

 

 

 SEARCH ATLANTA HOMES FOR SALE BY ZIP CODE!

 

Brookhaven/Ashford Park 30319	Buckhead 30305
Buckhead 30327	Buckhead 30342
Chamblee 30341	Decatur 30307
Doraville 30340	Downtown Atlanta 30303
Druid Hills 30329	Dunwoody 30338
East Atlanta/Ormewood Park 30316	East Lake/Kirkwood 30317
Grant Park 30312	Midtown Atlanta 30308
Midtown Atlanta 30309	Midtown West/Collier Hills 30318
Morningside 30306	Morningside 30324

Are you looking for a specific Intown Atlanta neighborhood to focus on?

Contact Thomas Ramon Realty and we can set up a search for any specific neighborhood you are looking for!