Atlanta Condo Bidding Wars

By
Real Estate Agent with Atlanta Communities Real Estate Brokerage GREC #208281

I listed a condo at the Museum Tower Building a few weeks ago and we ended up with a bidding war.

3 recent comparables suggested that an appraisal might come in at around $125,000.  We ended up with 5 offers all above our list price of $139,000.  We accepted an all cash offer of $145,000 so we didn't have to worry about any appraisal issues.

The Museum Tower is in a really great location.  It's at the northeast corner of Centennial Olympic Park, right across the street from The World of Coke and the Georgia Aquarium.

The inventory for condos is really tight right now.  In this building with 168 units, there isn't a unit available for sale.  Many owners are still underwater and I'm sure this is the reason for the low inventory.  Hopefully, there will be more people like my seller who bought at the bottom of the market in 2010 and had a little equity.

Prices are moving up so it might be a good opportunity to sell.

I specialize in showcasing the great views that are available.  I use one of the best real estate photographers in Atlanta who can capture and create some incredible twilight city views. 

 

 

 

 

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About the Author:  Tim Maitski has been a full time Realtor since 1999. He has sold several hundreds of homes in areas around metro Atlanta.  Tim started with RE/MAX Greater Atlanta and is now with Atlanta Communities Real Estate Brokerage.

 

Along with blogging on ActiveRain, he provides one of the best real estate websites in Atlanta at www.HomeAtlanta.com .

 

His proprietary  "Maitski Line Reports" chart out the absorption rates over the past 14 years in 37 different market areas.  Know when it's a good time to buy or a good time to sell.    

 

His online Property Tax Calculator allows you to compare property taxes in many counties and cities around the Atlanta area.  He provides the Atlanta MLS Power Search Tool that allows searches of homes using over 35 specific criteria.

 

Over the years, Tim has optimized his business so that he now can offer a huge 50% commission rebate to his buyers.  The more experience one gets, the easier the job becomes.

 

Tim also has a "Five Days to Sold" System that uses an intensive marketing blitz to create a showing frenzy that creates urgency and offers.

 

Tim is always looking to LinkIn with anyone who is interested in building their social network.

 

View Tim Maitski ●Atlanta Realtor●'s profile on LinkedIn

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Home Selling
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condo
atlanta
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Rainmaker
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Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Tim,  It pays (pardon the pun) to spend the extra money for professional photos.

May 28, 2014 12:39 AM #1
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Rainmaker
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Tim Maitski

Truth, Excellence and a Good Deal
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