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Most home buyers today are either single individuals or couples which can be explained by the fact that Millennials make up the largest share of the home buying market. Still there are plenty of single parents buying homes today. The major difference is that single parents sometimes find it more difficult to buy a home because they have to rely on a single income to support an entire family. If you are one of them dont despair. Itcan bedone if you keep in mind these 5 tips for a single parent buying a home in Atlanta . 1. Determine Must-Haves and Like-to-Haves First as a single parent buying a home in Atlanta you need to make the crucial distinction between what you have to have in a home and what youd merely like to have what you need vs. what you want. Getting clear on this early in the process can save you both time and money. A good way to begin is by making a list of must-haves for example number of bedrooms and baths square footage fenced yard kitchen size local amenities neighborhood character and so on. Next you can list the like-to-haves features that would be nice but arent essential like a deck in-ground pool or smart features. When you have these lists in hand your house hunting will be more effective and your negotiating leverage will be stronger. 2. Save for the Down Payment Unless you can qualify for a no-down-payment mortgage like a VA loan you will have to come up with a down payment of anywhere from 3% to 20% of the purchase price. So as a single parent buying a home in Atlanta who has to rely on a single income youll need to begin saving for the down payment now . . . or sooner. A good way to go about saving the down payment money is to open a separate savings account solely dedicated to that purpose. That way it will be much easier to resist the temptation to spend the money when an emergency arises or you come across that shiny new item you think you have to have. Also consider using one of the new online savings accounts like VARO that yield 2% on your money. Then once youve saved enough to cover a down payment its time to begin house hunting in earnest . . . after you do one more thing. 3. Get Mortgage Pre-Approval As a single parent buying a home in Atlanta you should definitely get pre-approved for a mortgage. And keep in mind that pre-approval is different from being pre-qualified. When youre pre-qualified a lender has examined your credit report and has decided that you may get a mortgage loan but nothing is guaranteed. Pre-approved on the other hand means that you have indeed qualified for a certain mortgage amount and the lender will in fact grant you a loan for that amount (assuming of course that your financial situation doesnt change in the meantime). Sellers will view you as a serious buyer when you have a pre-approval letter. It also means you will have more negotiating leverage when you get down to brass tacks with the seller. 4. Never Skip the Inspection Then when youve found a house youre interested in and have made an offer do not skip the inspection. The house may look perfect and the sellers agent may assure you that nothing is wrong with it during the open house but dont leave it at that. Pay for an inspection and walk through the house the inspector. Doing so can help you avoid costly surprises after you take ownership. 5. Get Professional Help Maybe the most important tip for a single parent buying a home in[ market_city] is to get help from professionals. For there will be a mountain of confusing paperwork filled with financial and legal technicalities. Your qualified real estate agent can help you navigate all this use her negotiating experience to get you a better deal and advise you along the way. We can help if you are a single parent buying a home in Atlanta ! Contact us today! 678-337-1165 The post 5 Tips For Single Parent Buying A Home In Atlanta appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/5-tips-for-single-parent-buying-a-home-in-atlanta/

Relocating can be an anxiety-filled overwhelming undertaking for anyone who has to suffer through it. Often though its especially tough for military families and even has its own name: Permanent Change of Station (PCS). Military families typically have to relocate often and the relocation is sometimes to the other side of the world. Because our military families deserve all the help they can get we offer these 6 tips for military families relocating to the Atlanta area. 1. Find a Trusted Real Estate Agent For military families relocating to the Atlanta area a very important first step is to find a trusted real estate agent who has experience in the area. A good agent can help you establish a realistic timeline and plan out the steps of your move as well as of course helping you find your new home in time to move in. A local real estate agent will have a firm grasp on Atlanta real estate market conditions. And that will make house hunting and the purchase process both more effective and less stressful. Military families may find it difficult to shop for houses in the new area and so will have to rely on the expertise of an agent. So make sure you find a good one early in the process. To discover more call 678-337-1165. 2. Keep Important Documents Handy Military families relocating to the Atlanta area can further reduce the inevitable stress by keeping important necessary documents easily accessible. So dont just dump them in a box along with the dishes where youll have to dig for them when theyre needed. Instead store these documents in a separate area and container where you can access them easily and quickly. The items and documents you will need to keep separate include: Orders DD-214 Social Security card and other forms of ID such as drivers license and passports Marriage divorce and naturalization certificates Housing information and inventory of belongings Insurance information Medical and immunization records for all family members Vehicle titles and proof of insurance Employment and school records 3. Dont Buy Household Items One way for military families relocating to the Atlanta area to make the move much is easier is simply to avoid buying or stocking up on household items. For at least a month or two before the relocation dont buy additional cooking or cleaning necessaries toilet paper or toiletries when they begin to run low. You can always stock back up on these items when you get in your new home. The less you have to move the better it will be. 4. Prepare Your Kids As hard as relocating is for adults its even tougher for kids. So make sure you prepare your kids for the relocation by discussing it with them long before the actual move. It also helps to reassure them that you love them and that they will make new friends at their new home. This will help smooth out the inevitable emotional roller coaster kids experience with a move. And check out the website Military Kids Connect a great online resource designed to help military kids deal with the challenges of military life and frequent moves. 5. Be Prepared for Delays No matter how well they plan and orchestrate the move things will go wrong for military families relocating to the Atlanta area. And one of the most common problems is furniture household goods and belongings not arriving at the new home when you do. So it pays to be prepared for this contingency. The best thing is to pack your essentials and take them with you. This would include toiletries what you need for sleeping and some basiceasy-to-prepare food items. This way you will be able to survive in your new home until everything arrives. 6. Vet Your Agent We mentioned above that military families relocating to the Atlanta area should find a good local agent first thing. But theres actually a little more to it than that. The agent you choose must not only have experience in this area but must possess the professional agility and adaptability to meet the unique needs of military families. Your agent should understand the specialized timelines and requirements and have experience with VA loans as well as being familiar with the jargon (like PCS) and the difficulty of frequent moves. Our agents are experienced and ready to help. Discover more! 678-337-1165 We help military families relocating to Atlanta ! Contact us today to learn more! The post 6 Tips for Military Families Relocating To the Atlanta Area appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/6-tips-for-military-families-relocating-to-the-atlanta-area/

7 Ideas To Help Retirees Downsize In Lawrenceville Georgia Many people when approaching retirement age dream about selling their current too big home and buying a smaller one and then investing the money made on the sale to help fund their retirement. For many of these people though the reality turns out to be a little different because downsizing often doesnt work out as well as theyd hoped. But done right downsizing can produce some hefty profit along with other benefits. With that in mind we offer these 7 ideas to help retirees downsize in Lawrenceville Ga. See Video Below Know What and Where You Really Want Before retirees downsize they should determine exactly what they want in their new home and neighborhood and exactly where theyd like to live. Do you for example want to live in a warm climate or is it more important to be near family even if they live where winters are harsh? Is your goal to relax and live quietly or are you seeking opportunities for outdoor adventure? Would you prefer to live in a big city or in a small town? And do you want to live among people your own age and with similar interests? Getting clear on these matters is the best first step because happiness is more important than profit. Once youve got this squared away its time to move on to the next consideration. Figure Out How Much Space You Need When retirees downsize in Lawrenceville Ga they need to think long and carefully about how much space they need in their new home. You dont want to wind up with another house thats too big for you with wasted square footage closed-off and unused rooms high heating and cooling bills and burdensome maintenance. But then you also dont want to make the mistake of over-downsizing of buying a house too small for your needs. Consider your retirement lifestyle. Will you be entertaining a lot and hosting friends and family? Or will it be just you and your partner? Your local real estate agent will be a good resource to help you determine exactly what your space needs are. (To find out more just call 678-337-1165.) Do the Math When retirees downsize in Lawrenceville Ga they often make the mistake of not carefully crunching the numbers. The result then is that they spend much more money on the new house than they had planned which of course eats into the money from the sale of their old home they had planned to use to augment their retirement funds. And the unexpected expense includes much more than just the homes purchase price. In doing the math you must consider not only the purchase price of your new downsized home but also such things as property taxes insurance utilities HOA fees and even cost of living in the area. Downsizing doesnt have to mean downgrading but you dont want downsizing to cost more either. A local realtor can help you determine costs in the area and neighborhood youre moving to. (Call 678- 337- 1165 for more information.) Look at the Floor Plan Retirees who downsize also need to carefully consider the floor plan in their new home. First you need to make sure you can place your furnishings to advantage and pleasingly. You should also make sure the floor plan suits your physical abilities and energy level. Ask yourself questions like these: Will that huge corner coach really work in the tiny living room? Do I want to climb stairs every night to go to bed? Will that one extra bedroom comfortably accommodate grandchildren when they visit? Get Rid of Stuff the Right Way Typically when retirees downsize in Lawrenceville Ga they both need and want to get rid of unnecessary items before moving. Moving is unpleasant enough without having to move unnecessary items. A good way to pick up some extra cash for the move is by selling unwanted items for example in a garage sale or on Craigslist. But if you dont want to bother with that donate those items to worthy charities and to people who need them. You can also use those donation receipts when tax time rolls around again. Consider a Storage Unit Moving is an onerous job so you may not want to move everything all at once. In that case you might consider investing in a quality storage unit. Then you can move belongings in the storage unit into your new home when the mood strikes. You may even find that after those things have been in storage for a whileyou dont need them after all. Hire a Local Agent This last idea to help retirees downsize in Lawrenceville Ga should be given some careful consideration. And that is to hire a good local real estate agent one who knows the area and neighborhood youre moving to so that she can help you implement all the other ideas listed above. An agent who knows the local market can make house hunting and the purchase process much smoother and far more effective. Learn more about our great ideas to help retirees downsize in Lawrenceville Ga! Contact us today! 678-337-1165 The post 7 Ideas To Help Retirees Downsize In Lawrenceville appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/7-ideas-to-help-retirees-downsize-in-lawrenceville-ga/

Buying-A-Home-With-Cash-vs.-Financing-in-Lawrenceville Ga Going into debt is always a bad idea if you can avoid it (we often hear) but sometimes it makes good financial sense to finance a large purchase. Buying with cash and financing both have their pros and cons especially when it comes to real estate which often makes it a tough dilemma to resolve. So buying a home with cash vs. financing in Lawrenceville Ga which is better? If youre about to buy a home you need an answer to that question not a non-committal It depends. Lets see then which way has the most pros and lets begin with the financing option. Remember To Watch the Video Below Financing a Home in Lawrenceville Pros Financing instead of buying a home with cash in Lawrenceville Ga carries several significant benefits. Perhaps most important of these is the fact that when you finance you get to hang on to most of your cash. So if you need to make repairs or renovations or make a down payment when its time to buy a new home you will have the money on hand to do so because youll still have plenty of liquidity. In addition financing your home will improve your credit score and youll still have cash available to pursue investing opportunities. Financing also has certain tax benefits that buying a home with cash in Lawrenceville Ga doesnt. For example with financing you can deduct your mortgage interest and the cost of some improvements. Also financing will allow you to take the homestead exemption which in some states provides a huge amount of protection from creditors. Buying a Home with Cash in Lawrenceville Pros Now lets examine the many pros of buying a home with cash in Lawrenceville such as: FASTER WITH LESS HASSLE Buying with cash means obviously that you wont be going through a lender so you wont have to fill out a bunch of loan-application forms and then wait around for loan approval and processing. You also wont have to worry about your credit score. And closing with a cash purchase is usually a lot faster because there are far fewer parties involved. IMMEDIATE EQUITY When you buy with cash the home is all yours on signing the papers and handing over the money. This means that it isnt co-owned by you and the bank and its fully paid for. So you immediately have the full equity of the homes worth available if you should need it to secure financing for other purchases or investments. An equity line of credit can be a lifesaver sometimes. NO MORTGAGE PAYMENTS Buying a home with cash in Lawrenceville can also provide you with a great deal of peace of mind simply because you wont have to worry about making that mortgage payment every month for the next 15 to 30 years. The only expenses you will have are the inevitable property taxes insurance and occasional repairs. NO MORTGAGE COSTS AND LOWER CLOSING COSTS Another pro of buying with cash is that youll save the thousands of dollars you would otherwise have to pay in loan origination fees and processing fees and for mortgage insurance. Youll also save the many more thousands of dollars youd pay in interest over the years. And the icing on the cake is that closing costs will be much lower with a cash deal. BUYING LEVERAGE Finally buying a home with cash in Lawrenceville gives you buying leverage. When you have cash in hand and show it to the seller your offer immediately becomes more attractive. Paying cash is an easy way to win a bidding war. So which way is indeed better: it depends on your situation! No matter which way you choose to buy we are here to help! Do you want to learn more about buying a home with cash vs. financing in Lawrenceville ? We can help! Send us a message or give us a call today! 678-337-1165 The City Of Lawrenceville is a city and the county seat of Gwinnett County Georgia United States. It is a residential suburban area of Atlanta located approximately 30 miles northeast of downtown. As of the 2010 demographics the population of Lawrenceville was 28546. In 2015 the U.S. Demographics Bureau approximated the city populace to be 30493. Lawrenceville is growing daily. Many people are finding great restaurants and other recreation close to home that downtown is not such a big draw anymore. Enter Your Information Below To Get Immediate Access ... to our rent to own specials. These are not found anywhere else! First Name Phone Email Comments This field is for validation purposes and should be left unchanged. The post Buying A Home With Cash vs. Financing in Lawrenceville appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/buying-a-home-with-cash-vs-financing-in-lawrenceville-ga/

How-To-Lower-Your-Real-Estate-Costs-When-Buying-in-Lawrenceville ga We all want to get the most bang for our real estate buck that we can. There are of course many angles to and many ways to go about getting more value for your purchasing dollars. But as we all know the best way to make money is simply to spend less on any purchase especially with a transaction as big as buying a house. So with that in mind heres how to lower your real estate costs when buying in Lawrenceville Ga. Its a two-pronged approach that will allow you to spend less and keep more of your money in the bank. See Video Below Negotiate a Better Price One effective way to lower your real estate costs when buying in Lawrenceville is to negotiate a better or lower price. After youve located a motivated seller which always works in the buyers (your) favor the strategies involved here include: Making a realistic offer You dont want to make a ridiculously low offer but you dont want to offer more than youre really willing to pay. Best is to make an offer near the bottom of the realistic pricerange. Being willing to move on Dont get hung up on the first property you come across that you really like. If you cant get the reasonable price you want then move on to another property. Displaying enthusiasm but not too much When it comes to price negotiations you can also lower your real estate costs when buying in Lawrenceville by showing some enthusiasm. The seller will know youre truly interested and will be more inclined to work with you. But dont go overboard and make it seem as though you want the property at any price. Setting an expiration date When you make a formal offer be sure to include an expiration date for that offer. A short period like 24 hours will force the seller to make a decision and it will help you avoid having to compete with multiple other offers. Getting creative If the seller wont budge on price you can try to get other concessions which (if you get them) indirectly lower the sale price. You could for example ask for roof repairs or that the kitchen appliances be left in the house. Lower Closing Costs The second very effective way to lower your real estate costs when buying in Lawrenceville involves lowering the closing costs. Some good strategies are: Shopping around Closing costs are a big chunk of money so make sure to shop around for a lender that offers the lowest closing costs. If you already have a lender you can ask them to match the lower closing costs offered by others. Carefully examining the loan estimate Go through the loan estimate with a fine-toothed comb making sure it hasnt been padded with unnecessary fees usually those involved with processing and underwriting. Negotiating with your lender You can ask for some of the many obscure fees to be taken off. And ask to see the Closing Disclosure form as soon as it becomes available. This form details and itemizes all the closing costs. When you get it compare it against the loan estimate and if you find any discrepancies challenge them. Getting the seller to sweeten the deal Sometimes you may not be able to get the closing costs down much. In that case you can ask the seller for certain concessions to offset the closing costs which comes out to the same thing in the end. Delaying closing You can minimize pre-paid daily insurance fees by delaying closing till the end of the month. The fact is youcanlower your real estate costs when buying in Lawrenceville if you negotiate a better price and work to get the closing costs down. Do you want to learn more about how to lower your real estate costs when buying a home in Lawrenceville ?We can help! Send us a message or give us a call today! 678-337-1165 START HERE: Local Rent To Own Home List To see available local rent to own and lease purchase homes enter your info below to get started! Name Email Leave your Best Email address to see the homes Desired Zip Code Comments This field is for validation purposes and should be left unchanged. https://gmbp.in/u/5d9eb4e3aed82 The post How To Lower Your Real Estate Costs When Buying in Lawrenceville appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/how-to-lower-your-real-estate-costs-when-buying-in-lawrenceville-ga/

Recently Federal Reserve cut interest rates by a quarter of a point (or 25 basis points) the first cut since 2008s so-called Great Recession. The Feds interest-rate cut came as the result of concerns over a slowing economy. It will be felt by many Americans especially homebuyers but maybe not in the ways and as drastically as some expect. In addition since rates were already historically low the cut leaves the Fed little maneuvering room in the case of a recession or other economic stumble. So lets see what exactly the Feds rate cut means for homebuyers in Lawrenceville . Broad Implications of the Feds Rate Cut In broad strokes what the Feds rate cut means for homebuyers in Lawrenceville is only a slightly more favorable borrowing environment. It may however prove to be more beneficial for homebuyers using other types of financing than the traditional 30-year fixed-rate mortgage. The Feds rate cut according toexperts is designed to stave off the threat of an economic downturn. But its unlikely to translate into additional mortgage savings for many buyers. With the interest rate for a 30-year loan already hovering below 4% the Feds move may be more meaningful for buyers with other types of financing. The reason for this is that 30-year fixed-rate mortgage rates had already declined in anticipation of this latest move by the Fed. But homebuyers with adjustable-rate mortgages will see more benefit. Still the Feds rate cut does mean that home buyers in [market-city] will have lower borrowing costs and will be better able to deal with rising home prices. Heres anexample: buyers who spend $1500 on monthly mortgage payments can afford to purchase a $402500 home this year compared to $367500 last year when mortgage rates averaged 4.57% . . . Last year buyers would have needed an additional $145 a month on top of the $1500 to afford a $402500 home. And it can give you even more purchasing power in areas and neighborhoods where home prices are rising steeply. Contact your local agent at 678-337-1165 to find out more about this. What Exactly the Feds Rate Cut Means for Homebuyers in Lawrenceville There are three identifiable benefits the Feds rate cut will have for homebuyers in Lawrenceville . These are: MORE SAVINGS As a home buyer you have to have money set aside for the down payment and closing costs and money in reserve for unexpected expenses like repairs and rising property taxes. And you will need to save that money in order to have it. The Feds rate cut may help you do that. Because the Feds rate cut is a small one and comes on the heels of several increases over the past decade trying to save isnt as futile as it was when the Fed slashed interest rates to near zero. At theend of 2015 for example the average certificate of deposit was yielding an annual return of around 0.25%. But now it is closer to 1%. Further the Feds rate cut means homebuyers in Lawrenceville should look into some of the reputable online savings accounts. Many of these pay yields of over 2% and some require only a very small minimum balance to open an account (VARO for example). Anticipatory Mortgage Rates Mortgage interest rates typically anticipate and then move in the expected direction of the Feds actions. The average interest rate for a 30-year mortgage was almost 5% not all that long ago but fell to just over 3%. The slide was tied to expectations that the Fed was going to cut rates. And it did indeed happen. The expectation is that the Fed may cut rates again Keep in mind though that mortgage interest rates will anticipate this and come down even before the Feds next move. So what the Feds rate cut means for homebuyers in Lawrenceville is that very soon they may see the best interest rates for buying a home affordably. JOB SECURITY The Feds rate cut also means that home buyers in Lawrenceville . The Critical Time to Buy Now and in the Near Future So all in all the Feds rate cut means for homebuyers in Lawrenceville . . . good news. The news may not be as resoundingly good as we would like but things are still shaping up for home buyers especially those interested in an adjustable-rate mortgage and particularly just ahead of the expected cut this fall. To find out if the time is right for you to buy a home consult your local agent. Let us help you learn more about what the feds rate cut means for homebuyers in Lawrenceville ! Reach out to us today! 678-337-1165 The post What The Feds Rate Cut Means For Homebuyers In Lawrenceville appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/what-the-feds-rate-cut-means-for-homebuyers-in-lawrenceville-ga/

Buying a home can seem fairly intimidating if youve never done it before but it doesnt have to be all that difficult. Yes there are some complex financial issues involved and some even more confusing legal matters. Still the process of buying a home in Atlanta can be quite manageable if you understand the process beforehand and if you tackle it step by step. So heres a brief explanation of the standard home-buying process. 28% of your monthly gross income will go toward your house But theres more. You also have to make sure you have enough cash reserves left over after making the down payment to cover any unexpected expenses or repairs. Then you still have to figure in property taxes and insurance. And dont forget that you have utility bills to be paid monthly. Determine the Best Mortgage and Get Pre-Approved After youve figured out what you can really afford the next step in the process of buying a home in Atlanta is to determine the best kind of mortgage for your situation. Generally this means choosing between a fixed rate mortgage and an adjustable rate mortgage. After that you should get pre-approved for a mortgage so that you will know exactly how much your lender will finance and that they will in fact do it. That way you dont waste your time or the sellers time when you approach the phase of making an offer. Determine Your Must-Have Features Youve talked about it and thought about it and you have a clear idea of what you want in a home. But the reality is you seldom find exactly what you want a home with everything you had in mind. Then the next part of the process of buying a home in Atlanta involves determining your must-have features. Before you begin the actual house hunting then need to know what features you have to have in a home for example number of bedrooms and bathrooms proximity to shopping fenced-in yard triple-pane windows in-ground pool and so on. Once youve determined your must-have features then youll know what features fall into the nice-to-have category. Doing this will streamline your house hunting significantly. Start Shopping Now its time to start shopping and house hunting which is the fun part. Most people these days begin the search for a home online using resources like Trulia. Then after discovering several possibilities you can hop in your car and start viewing the homes youre interested in. An agent can be a great asset at this stage helping you find homes with your must-have features and helping you avoid wasting time and effort in your search. Make an Offer Once youve found a home that meets all your criteria especially price and features its time to get down to the nitty-gritty and make an offer. This is where you need some negotiating skill so you dont come out on the short end of the stick. You should have a good idea from both your own and your agents research of what similar homes in the immediate area have recently sold for. This will let you know the reasonable price range for making an offer. Then obviously you dont want to make too high an offer and wind up paying more than you have to but neither do you want to lowball and insult the seller who may then retract the offer to sell to you. Knowing how long the house has been on the market works to your advantage as well. If it has sat on the market unsold for a long period then a lower offer is more likely to be accepted. Go Over the Contract and Submit Mortgage Application Next in the process of buying a home in Atlanta is going over the contract especially the contingency clauses to make sure everything is satisfactory. If everything in the contract meets your approval and the home has passed inspection then you move on to submitting the mortgage application. And then all you have to do is close. Close The final step in the process of buying a home in Atlanta is of course closing. But before you sign those papers be sure to do a walk-through to make sure nothing has changed since the inspection. Also its a good idea to review copies of the paperwork beforehand. After that if everything is satisfactory you can sign the dotted line and get the keys to your new home. Do you want to learn more about the process of buying a home in Atlanta ?We can help! Send us a message or give us a call today! 678-337-1165 The post The Process of Buying A Home in Atlanta Explained appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/the-process-of-buying-a-home-in-atlanta-explained/

What-Happens-Immediately-After-Your-Offer-Is-Accepted-On-A-market_city-House Next to unlocking the front door and stepping into your new home the most thrilling moment in the home-buying process is when you get your offer accepted. After that things often begin to get complicated and you hear all kinds of confusing terms like escrow and closing. And because its not yet a done deal things can still go wrong sometimes terribly wrong. It pays then to know what happens immediately after your offer is accepted on a Snellville house. Preparation for the Worst Usually after your offer is accepted on a Snellville things proceed smoothly right up through signing the dotted lines handing over the money and getting the keys to your new home. But sometimes they dont. So expecting the unexpected is a good policy. As onereal estate adviserputs it The first thing you need to realize is that things are going to come up. Even your dream property might have some issues that you wont discover until later in the purchase process. You might find that your lender wont provide you with terms that youre happy with. Be prepared for these types of things to happen and dont get frustrated if everything doesnt go completely smoothly the first time around. Even after your offer is accepted its a good idea to step back re-assess and make sure you are making the right home purchasing decision for you especially right after you get the results of the inspection. Some of the problems uncovered can be significant and costly. So keep in mind that while youre still in the contingency period and dont violate any contractual terms you can still withdraw your offer without losing your earnest money deposit. So now that weve got that caveat out of the way lets see what happens immediately after your offer is accepted on a Snellville house. Getting a Loan The first thing that happens after your offer is accepted on a Snellville house is that you will have to get a mortgage loan actually buy the house (unless of course youre paying cash but few of us are able to do that). Hopefully youve already taken the first crucial step of getting pre-approved for a mortgage loan. But if you haventreal estate prosadvise meeting with two or three lenders (minimum) in order to compare the possible loan options and companies. Also you should ask questions and be completely open with the lenders about your finances. Appraisal and Inspection The next things that happen when your offer is accepted on a Snellville house are the appraisal and inspection. Your mortgage lender will require an appraisal performed by a qualified professional appraiser (usually provided by the lender). This appraisal is primarily for the lenders protection but yours as the buyer as well. The purpose of the appraisal is to make sure the homes market value is at least equal to the purchase price and certainly not under. If the appraised value does turn out to be less than the purchase price you will have to renegotiate the price with the seller because your lender wont lend more than appraised value. The inspection on the other hand is primarily for your protection so that you dont buy a house that needs any major repairs or upgrades. Heres how atop real estate siteexplains it: A home inspection tells you if the home has any issues. Inspections arent always required but you should absolutely get one even if youre not getting a loan. Go over the inspection report in detail with the inspector to make sure youre familiar with any problems their severity and the estimated cost to fix them. Making Sure You Have ALL the Necessary Funds Typically the next thing that happens is your making sure you have all the funds you need to complete the home-purchase process. There will be the down payment of course but there are also a lot of other expenses that many people arent aware of. These include closing costs property tax sometimes private mortgage insurance and more. Getting Sufficient Insurance After your offer is accepted on a Snellville house you will also need to make sure you have sufficient insurance coverage. Most of the time your lender will require you to purchase homeowners insurance upfront before closing. This is often rolled into the loan and you will pay for it with your monthly mortgage payment. In some areas though you may need additional insurance to be fully covered and protected. In some places for example flood coverage will be absolutely essential. (Contact your local real estate agent to find out what you need in your area. Call 678-337-1165.) Performing a Final Walk-Through Next typically you will perform a final walk-through of the house just before closing usually about 48 hours prior. The purpose of this walk-through is to ensure that the property is in fact in the contractually agreed-upon condition. You will need to make sure that everything is there that should be (stove and refrigerator for example) and that no damages have occurred since your offer was accepted. If you do find anything amiss you may have to postpone the closing until the seller makes it right. Closing Finally the last thing the culmination of the whole process that happens after your offer accepted on a Snellville house is closing. At closing you sign the mortgage documents and officially take possession of the house. This is where the final documents are signed a cashiers check changes hands and you get the key to your new home. What Should Happen Both Before and After Offer Acceptance So what happens after your offer is accepted on a Snellville house? A lot actually as you can now see. And the home buying process actually begins long before you make that offer. Thats why its so important to have a local real estate agent on your side to guide you through this complex and intricate process. Let Us Help You Understand Exactly What To Expect After Your Offer Is Accepted! Contact Us Today! The post What Happens Immediately After Your Offer Is Accepted On A Snellville House appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/what-happens-immediately-after-your-offer-is-accepted-on-a-snellville-ga-house/

When you buy a home your lender will require an appraisal and even if youre paying cash you should have an appraisal done to make sure youre not overpaying. Its a good idea then to know how appraisers determine the value of Snellville Georgia properties. An appraisal is an unbiased (supposedly) estimate of what the home is actually worth. It does include a subjective element but appraisers use an objective process to arrive at a pretty accurate assessment of value. In general appraisers look at recent sales data for similar properties the condition of the property and location. What Appraisers Look at to Determine Value Appraisers determine the value of Snellville Ga properties primarily on the basis of the market and the condition of a property. And that condition involves construction and maintenance matters such as: BASIC CONSTRUCTION The very first things an appraiser will examine are the fundamental aspects of a homes construction the foundation the walls (especially with respect to solid framing) and the roof. The appraiser will be looking for any defects or damage to these basic construction components to ensure that the mortgage lender is lending on a property that has the requisite equity. PROPERTY SIZE Lot size and the homes square footage also help appraisers determine the value of Snellville Ga properties. Obviously larger lots and larger homes are worth more but mere size doesnt tell the whole story. A larger home with more bedrooms and bathrooms will be worth more than a similar sized home with fewer of these rooms. CONDITION OF INTERIOR Whats on the inside especially inside the walls matters as well nearly as much as the basic exterior construction aspects. Heres what appraisers look at on the inside: Doors Windows Walls Wiring Plumbing Bathroom fixtures Kitchen appliances Flooring IMPROVEMENTS In addition appraisers determine the value of Snellville properties based on the number and quality of improvements. These value-increasing improvements include such things as a bathroom remodel kitchen update new floors new appliances and installation of a new HVAC system. These updates contribute to the propertys lasting value and so are attractive to both lenders and buyers. EXTRA AMENITIES Appraisers will also factor in any extras when calculating market value. These extras can be anything from a pool to a deck to a security system. The Process of Determining the Value Appraisers determine the value of Snellville property using a fairly standard and objective process. And the main tool for calculatingthe actualmarket value (after looking at all the aspects mentioned above) is the comparable sales price approach. Basically an appraiser uses market data for the homes that are most like the one under consideration thatareclose by (preferably in the same neighborhood) and that have sold recently. Ideally the data will be for homes that have sold within the last three months with more recent being even better. And the homes used for the comparison must be the most similar to the one being appraised for example having the same square footage the same number of beds and baths and similar construction. But the appraiser will make comp adjustments for any differences. Comparing one home against similar ones in the are that have sold recently will give the appraiser a pretty accurate idea of what market value is. But again age location condition updates and amenities all factor into the determination of market value as well. And thats how appraisers determine the value of Snellville properties. Still theres more that goes into it especially such subjective matters as soiled carpets and odors and you can even challenge an appraisal you think is too low. The city of Snellville Ga is located about 35 miles north of Atlanta. It is located in Gwinnett County Ga. The population is approximately 23 ooo people. It was charted as a city in 1923. The citys motto was everyone is someone in Snellville. Snellville has one major hospital called East Side Medical. There are two main parks in Snellville Thomas Briscoe about 100 acres and Lenora Church 112 acres. Snellville is a great place to live. Do you want to learn more about the way appraisers determine the value of property in Snellville ? We can help! Send us a message or give us a call today! 678-337-1165 The post How Appraisers Determine the Value of Snellville Properties appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/how-appraisers-determine-the-value-of-snellville-ga-properties/

Its tough to understand precisely what uncertain in the stock markets mean for homeowners because there is not a specific traceable direct cause-and-effect relationship. There are nevertheless some observable trends and definite correlations. We do know from the 2008 United States housing market meltdown how real estate does have an impact on the stock market. How Does The Stock Market Impact Rent To Own Homes? But how does the stock market impact the real estate market?One major impact is that stock indexes can affect soon to be property owners belief and understanding. So lets examine this to see what uncertain stock exchange suggest for homeowners in Snellville Ga Changing Buyer Sentiment and Perception As we said before the very first thing unpredictable wall street stock exchange can indicate for homeowners in Snellville Ga is a change in buyer belief and understanding. There is usually according to market pundits a direct connection between fluctuations in market indexes and consumer belief.When major indexes rise customer optimism usually increases.Also when indexes sink customers usually end up being more afraid or Timid. Proof that market effectiveness affects buying choices. When the market is flourishing prospective homebuyers in Snellville Ga will take a look at buying a home as an excellent move and a great investment. On the other hand when the market undulates purchasers will see purchasing a home as a dangerous investment and will withdraw from the housing market and keep renting.And after that when the stock market seems to indicate uncertainty purchasers will simply be tentative or uncertain. So unsure markets figure out to some degree whether prospective purchasers think they ought to or not be motivated to become homeowners. Similarly what unsure stock exchange suggest for homeowners in Snellville Ga is that they must consult their buyer consultants and rent to own regional representatives before making that huge purchase. Your representative will be up on present stock market patterns in addition to what that indicates for the real estate market and can assist you to make a good buying decision. To learn more just call 678-337-1165. Interest Rates and Lending/Borrowing. There is a lot more direct relationship between wall street and the housing market when it comes to financing and home mortgages. Nearly all homeowners when they purchase a home make a deposit and after that obtain the rest of the purchase cost from a mortgage lending institution.The health of the domestic economy which is affected by what stock markets are doing plays a large part in whether interest rates on home mortgages increase or go down and in how prepared lenders are to extend loans. So what do unsure stock markets indicate for homeowners in Snellville Ga with respect to rates of interest and lending/borrowing? Simply this according to the professionals: In times of low volatility banks often will lower rates of interest because of increased self-confidence in borrowers capability to pay back loans.In times of high economic volatility rates of interest might increase since of uncertainty.. A Buyers Market? There is however some possible great news for prospective homeowners in Snellville Ga when the stock market falters.And this intense area is that as purchaser numbers decline banks often chill out lending policies and requirements. When there are fewer buyers banks and other mortgage loan providers have to do something to generate more consumers typically by making it much easier to borrow money to buy a home. Generally heres how it works. in Snellville GaWhen the stock market is growing there are normally lots of potential property buyers.In this case lending institutions have no reason to provide competitive terms because inventory is typically low and buyer competition is keen. However when the stock market takes a decline available inventory boosts therefore lending institutions are required to accommodate house buyers. A Booming Real Estate Market and Uncertain Stock Markets. Over the last few years since the 2008 ordeal the real estate market has actually been on the rebound. But there is a darker side to this. According to one leading real estate market watcher the flourishing housing market [has] contributed to the current distress among stock market investors The strength of the housing market and economy in basic is whats spooking the stock market. And then since there is a mutual relationship between the stock exchange and the housing market while the housing market is not likely to harm the stock market if there is a genuine recession continued stock market volatility or cooling of equities could have a result on home-buying activity.. If this does take place it will likely be because the Fed believes it is required to raise interest rate. And traditionally the stock market topples some when the rate of interest increase. On the other hand it might be good news for house buyers. Home costs have actually been increasing however increasing interest rates will indicate that rate increases sluggish or halt entirely. Recent stock market volatility and unpredictability could indicate that the boost in rates of interest will slow. And this once again is great news for homebuyers since with lower rates of interest theyll pay far less for a house over the long run. Now Just May Be the Time to Buy. Eventually what unsure stock markets mean for homeowners in Snellville Ga is that now might be a great time to purchase a home. What real estate pros recommend during this time of uncertain markets is that you keep an eye on both the stock market and the property market to see how you can best take advantage of things to your advantage. Rent To Own Homes offers a buffer to the market fluctuations. You can get into the home of your dreams live there while the market sorts itself out. Generally speaking you may be able to get into your dream house wait for favorable interest and market rates to come back while you are home. Then when the mortgage market turns to your advantage you will buy the house you are already living in and loving. Call us now 678-337-1165 to see all the homes that you may qualify for. To learn more about what uncertain stock markets mean for homeowners in Snellville contact us today at 678-337-1165. START HERE: Local Rent To Own Home List To see available local rent to own and lease purchase homes enter your info below to get started! Name Email Leave your Best Email address to see the homes Desired Zip Code Email This field is for validation purposes and should be left unchanged. The post What An Uncertain Stock Markets Means For Rent To Own Tenant-Buyers In Snellville Ga appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/what-uncertain-stock-markets-mean-for-homeowners-in-snellville-ga/