Atlanta Home Buyers FAQ's
Answering Your Atlanta Home buying Questions
Buying an Atlanta home is both thrilling and a bit unnerving, especially if you're a first-time home buyer. Both experienced home buyers and first-time home buyers alike will benefit from the frequently asked questions below. Before you begin your Atlanta condo search, I recommend you prepare yourself for the journey by educating yourself. This will ensure you are a knowledgeable home buyer prepared to make a confident home buying decision. What do I mean by educating yourself? Don't rely solely on my information. Take it upon yourself to become knowledgable about the market, the areas you are most interested in and what is happening with the inventory in the buildings you are focusing on. Ask questions!
Q - I've never purchased a home before. Where should I begin?
A - Actually you've already started the process. Fact-finding and reading articles is a great way to become a smart consumer. The highest priorities to focus on before you begin searching for specific areas, neighborhoods, or homes would be to:
- Familiarize yourself with your personal finances. Talk to a lender and find out what mortgage amount you will qualify for. This will help both you and I hit the ground running.
- Learn about the Atlanta real estate market. There are so many things to know (but you can't possibly know it all). I'm here to help you make sense of the market.
- Carefully review your budget and begin to eliminate as much debt as possible.
- Have a down payment and earnest money ready when the time comes to act and make your offer.
Your next step is to contact us . As your home buying specialists, we'll protect your interest and manage the details of the real estate transaction on your behalf to your complete satisfaction. For more experienced buyers, a little brush up on the real estate process wouldn't be a bad idea. Of course, you'll need a really sharp Atlanta real estate team to protect your interests too!
Q - With all the bad news about mortgage products and home foreclosures, how do I avoid making a big mistake when deciding which type of loan to select?
A - Once we meet and review your finances along with your home buying needs, you should select a lending consultant. We can recommend several trusted lending professionals or you can choose your own. Having utmost confidence in your lender is important. Be sure you feel completely at ease with them. They should speak to you in easy to understand terms. Ask lots of questions and never sign any document until you know what you are signing and feel completely at ease signing it. More and more lending professionals are recommending fixed interest rate loans and interest rates are still very attractive. Of course, the type of loan best for you depends on several factors. Here are just a few:
- How much money do you have for a down payment?
- How long do you plan to live in the home?
- Do you qualify for a FHA or VA loan?
Because more homes are on the market here in Atlanta, your choices are plentiful and the time is right for you to buy!
Let's Get Started!
Are you ready to schedule your home buying consultation? If so, contact us today and together we will review your needs and your budget to help you find the right Atlanta home for you!