East Atlanta real estate offers "Urban Lite" living to Gen Y buyers.
That's why the investors who have swooped down on the Atlanta metro market are snatching up East Atlanta properties almost as quickly as they come on the market, with plans to fix and lease or flip them to these eager new buyers
Gen Y represents to newest developing market in the Atlanta metro, and this new wave of buyers looking for city but not gritty.
“Urban Lite” living is having an impact on East Atlanta real estate.
What is now known generally as the East Atlanta area was at one time the immediate suburbs of Atlanta.
Now it is a hot and happening housing area appealing to hipness at all ages and consisting of several distinct, eclectic neighborhoods, with good walkability and easy access to boutique shopping, entertainment and trendy eateries.
This Featured East Atlanta real estate buy is offered by the Best Atlanta Short Sales Team
-- a Benteen Park fixer -upper offered for short sale and located at 1382 Benteen Way SE, ATL GA 30315, featuring 3 bedrooms, 1 bath and private off-street parking on a corner lot.
The Urban Land Institute reported a few years back that Atlanta is the most preferred area in the South by Gen Y. But why are so many of them eschewing the many suburban bargains to be had, and willing instead to purchase a fixer-upper in the trendy East Atlanta area?
It’s all about lifestyle. These young buyers (and their older compatriots) want work-life balance, and seek to live intown and close to work and all Atlanta amenities.
However, while they expect a bargain in today’ market, they don’t necessarily want to settle for a dump. These young professionals expect homes to be well-amenitized as well as well-situated geographically.
The new, young East Atlanta buyers are forward-thinking, eco-conscious, educated on the finer finishes and expect to have them in their homes. They will buy a smaller lot with a smaller home like an East Atlanta bungalow, or a condo, loft conversion or townhouse or other attached housing, and outfit it to expressly meet their tastes and needs -- all to be close to work, entertainment, social venues and restaurants.
Looking for an East Altlanta GA real estate bargain?
Consider a short sale. It may take a little longer to get closed, but the savings could well be worth it.