Purchasing a home in Atlanta
With some planning ahead of time, buying a home isn't very confusing, but the event can be stressful for a lot of people.
So they understand exactly what to expect, I will furnish buyers with an overview of the whole deal.
These are my nine steps to purchasing a home.
Should you have any questions about any of this information or if you're ready to get started, just contact me here or e-mail me at .
Step 1 – Get ready to buy a home
Prior to beginning your home search, there are a lot of things you should contemplate.
It's likely that you'll want to assemble a list of features you want to have, get a feel for what neighborhoods you'd like to live in, and start working on your budget.
Keeping your mortgage payment around 30 percent of your monthly income is a good rule of thumb to follow.
Step 2 – Connect with a real estate agent
This is where I can help.
I'd be more than happy to book a time to meet with you and communicate with you about your real estate needs and get an idea of your future plans.
We'll discuss neighborhoods, school districts in the Atlanta area, the mortgage industry, and any other economic factors that might affect your buying decision today or in the future.
I'll also help you facilitate the loan process.
I work with some of Atlanta's best mortgage professionals, so you'll be in great hands.
They'll assist you in choosing which kind of loan is best for you and help you get qualified.
Step 3 – Start house hunting
After our first meeting, I'll begin finding homes on the market that are good for you.
I'll preview most of the homes and exclude the duds, and then we'll schedule appointments to view the houses when it's convenient for you.
When we view houses, I'll identify positive features, as well as bad ones. I'll even ask you what things you like and dislike.
It's pretty common for buyers to amend their must-have list as we tour houses and some things become far more essential than others.
If such is the case, I'll search the listings another time and narrow it down to the house you've been waiting for.
Step 4 – Get a grasp of the housing market
My knowledge of the Atlanta market is an imperative agent in your house search. I am familiar with all the school districts and neighborhoods, and I'll communicate what areas are "hot" and demand prompt action and the ones that are "cool" and allow for thoughtful examination.
When we view homes, I'll let you know when the seller's asking price has room for bargaining and also when I think the home is "priced to sell."
When working with an agent, be on guard and make sure you ask a lot of questions. Every REALTOR in Atlanta will convince you they truly know the home market.
If it seems like they don't know everything, contact me at (404) 419-3500 or e-mail me at , and I'll be happy to answer your questions. My market expertise will keep you a step above the rest throughout the entire process.
Step 5 – Find your dream house
I'm positive we'll find your dream house in Atlanta. When we do, I'll thoroughly create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are getting financing, finishing the inspection, and a clean title.
When presenting your offer, you'll likely want to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property. The amount is often applied to the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals don't close on the first offer. It's really common to receive a counter offer. Don't let this intimidate you. We'll consider whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and move on.
How aggressively we negotiate the deal depends on the state of the market.
In addition, we'll work within your financing constraints. And at the end of the day, we'll assemble a deal that works well for you.
Step 7 – Secure financing
Upon signing the contract, you'll begin working with your mortgage lender to close the loan.
If you've been pre-approved, it shouldn't be a long process at all. However, you'll want to keep in close contact with your lender.
And I'll look after all the property information your lender needs to close the loan.
Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) of your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of getting your loan application.
This estimate is formed from the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll review the estimate and let you know if it all looks good.
Then it's time to close on your home. This will probably happen at a title company or escrow office and will likely be a smooth and calm event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just call me at (404) 419-3500 or e-mail me at .