More Condo Auctions – Good or Bad for the Atlanta Market

By:  Leslie Williamson

As reported in the recent AJC Article two more new condo communities will be on the auction block.  What are the pros and cons in relation to the Altanta market?

1) The auctions aid in moving inventory of new product off the market quickly. 

2) The auctions also set or reset the  current Atlanta market prices among new condo communities and resales.

3) The auctions stimulate the economy and bring ready, willing and able buyers to the table, excited to take advantage of the discounted pricing!

4) Auctions take buyers out of the market  - many buyers wait and see the response to the actual auction before moving forward with their own buying decision.

If you are looking for a deal or a steal, take advantage of the auctions, but also do your research, the same deal could be just around the corner offering auction pricing with the auction.