Are you buying a new home in Atlanta? Keller Williams Realty Peachtree Road can help.
Buying a home can be stressful for a lot of people. However, with some planning ahead of time, it's not all that complicated.
So they understand exactly what to expect, I like to supply buyers with an outline of the whole deal.
These are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.
Step 1 – Get ready to buy
Prior to starting your home search, there are a lot of things you need to contemplate.
When you start your search, you'll probably want to make a checklist of must-haves, get a feeling for what school districts and neighborhoods you'd like to live in, and begin planning your budget.
Keeping your mortgage payment less than a third of your monthly income is a good guideline to follow.
Step 2 – Connect with a real estate agent in Atlanta
That's where I can help.
I'd love to set up a time to get together with you and speak with you regarding your real estate needs and get an idea of your upcoming plans.
We'll talk about the mortgage industry, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and schools in the Atlanta area.
In addition, I'll assist you with getting started on your loan.
Keller Williams Realty Peachtree Road partners with some of Atlanta's best mortgage professionals, so you can rest assured that you're in great hands.
They'll assist you in determining which type of loan is best for you and help you get qualified.
Step 3 – Begin your search
After our initial meeting, I'll start looking for available houses on the market that are a good fit for you.
I'll get a sneak peek of many of the houses and reject the bad ones, and then we'll set up appointments to tour the houses when it's convenient for you.
When we view the homes, I'll call attention to positive features, as well as negative ones. I'll even ask you about things you like and don't like.
As a rule, buyers change their wish list as we view homes and some features become more substantial than others.
If that happens, I'll look through the listings one more time and trim it down to the house you've been wishing for.
Step 4 – Comprehend the housing market
An agent's understanding of the Atlanta housing market is an imperative agent in your house search. And I assure you I'm familiar with all the school districts and neighborhoods, and I will let you know some neighborhoods are "hot" and warrant prompt action and the ones that are "cool" and allow for careful consideration.
As we view homes, I'll make sure to communicate when the seller's list price has room for bargaining and when I think the house is "priced to sell."
When working with an agent, be mindful and make sure you ask a lot of questions, as every REALTOR will claim to understand the market.
If things don't add up, just call me at (404) 419-3500 or e-mail me at , and I'll be happy to answer any questions you might have. My market expertise will help you stay a step above the rest through the entire process.
Step 5 – Find the house you've been waiting for
I'm positive we'll find your dream house in Atlanta. When that happens, I'll meticulously create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as obtaining financing, carrying out the inspection, and a clear title.
When submitting your offer, you'll likely need to submit "earnest money." This is a cash deposit given to the seller to secure an offer to purchase the property. The amount is most often put towards the cost of closing. If the seller accepts your offer, we should close on the property within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Most deals aren't closed on the initial offer. It's really common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your financing limits. And at the end of the day, we'll assemble a contract that is best for you.
Step 7 – Secure a loan
Once the deal is signed, you'll start working with your mortgage lender to close the loan.
If you're pre-approved, this won't take very long at all, but you'll need to keep in close contact with your mortgage lender.
And I'll take care of all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of taking your loan application.
This estimate is formed from the loan amount. RESPA requirements mandate that it has to include all closing costs and be within a tight range of accuracy, and I'll go over the estimate and let you know if everything looks good.
Then we'll close on your home. This will probably happen at a title company or escrow office and will probably be a smooth and comfortable occasion.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, simply call me at (404) 419-3500 or e-mail me at .