Whether you’re buying your first or fifth home – every real estate purchase can come with its own set of challenges.
Unrealistic expectations, disagreements over pricing, emotional sellers – it can sometimes take just one mishap to create a bit of a bumpy road. While some home buying situations are beyond our control, there are steps you can take to reduce and possibly eliminate any stress involved.
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ORGANIZE YOUR FINANCES
It’s important to lay the financial groundwork for your home purchase before shopping for a home. Start by contacting your lender and getting pre-qualified. Pre-qualification is a quick and easy way to find out how much you’ll be able to borrow.
Collect your financial documents, such as tax returns, pay stubs, bank statements, etc., as your lender will ask to see them as part of your mortgage approval process. Monitor your credit regularly and avoid big purchases that add to your monthly payments. Keep your debt amount to a reasonable level, and save up for the biggest down payment you can manage.
When your financial situation is ideal, you’ll have a better chance of getting approved with favorable rates and you’ll also face less hurdles along the way.
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WORK WITH AN EXPERT ATLANTA, GA REAL ESTATE AGENT
When you have a knowledgeable local Atlanta, GA real estate agent guiding you from the get-go, you’ll have someone who can give you expert advice and help you make the best decisions for every stage of buying a home in Atlanta. Look for an agent you’re comfortable with and before making your selection, look check out past track records and reach out to former clients for feedback.
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BE PATIENT BUT DECISIVE
Applying for a mortgage, negotiating the contract, closing in on the house – buying a home in Atlanta can take around five months to complete. Be patient and don’t rush the process. At the same time, hold firm to your major requirements, but understand that you’ll unlikely find a home exactly as the one you imagined. Decide what’s most important to you and your family, but be realistic with your expectations.
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CONSIDER A REAL ESTATE ATTORNEY
Aside from an agent, you could benefit from having your own attorney who can review the contract and other matters related to real estate law. Your lawyer can also negotiate repairs, ensure a clean title, and handle all the legal paperwork for you. Likewise, you’ll be protected from costly losses that result from hidden clauses or fees. With a lawyer at your disposal, you can avoid unnecessary complications that could delay your purchase.
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STICK TO YOUR BUDGET
It’s easy to get swept up in the image of your dream home and go overboard with your budget. Avoid future money problems; create a budget for your home purchase and stay within your spending limits. Budgeting is hard, but it will be more rewarding to spend within your means.
Work with Carter and Associates Realtors today!
Partner with Carter and Associates Realtors on your home purchase to ensure a fast and stress-free transaction. As a dynamic team of real estate agents specializing in homes for sale in Intown, Atlanta, they have helped many buyers like you find that dream home. Call 404.932.7388 or contact them here for more information.