Purchasing first time home?

Purchasing first time home?

I am relocating from nj to ga is there anyone out there in the atlanta area that would be able to give me info on agents that are honest and good to work with.

ondreforsure

I am a re/max realtor in southern california. I can refer you to an excellent re/max realtor in Atlanta if you would like... let me know!Also I can provide you with the financing for the home and get your pre-qualified. Give me a call toll free, click my profile.

bigmary2

absolutely. this directory has tons of great agents on it. try the featured agents first. if none of them cover your area, the others are lovely as well -) http://www.realestateforsaleingeorgia.co…hopefully that helps -)

daniel

go to www.weichert.com click on agents/offices find one nearest to where you are looking to move and give them a call.Source(s):i am a weichert agent in the dallas texas area

missyofallainhouse

We moved from RI to GA a year and a half ago. It's tough to find an agent willing to start working with you when you are not right in front of them. I would suggest contacting a REMAX office in the area you are looking. I found that they are super to work with and will refer to any agent in any area you should decide to look.

W

Here is some helpful information for you to think / ponder when you do look for a agent, and when you look to do your financing. Hope it helps you.http://www.frauder.org/services/atlanta-…Board Atlanta Realitor GeorgiaI keyed in: atlanta ga realitor in yahoo and got pages and pages of realitor's. Do your reasearch first. Schools, shoping, parks (for kids), check out the chamber of commerce - go to the multiple listing service on the area you are looking at, plug in www.zillow.com for home values (just add 10-15 percent to the home price)Chamber of commerce:http://www.metroatlantachamber.com(404) 880-9000 235 Andrew Young International Blvd Nw, Atlanta, GALenders look at the middle score to qualify a person - With a 580 or higher you can get a 100 percent 1 loan. If your credit is low, than you will be going SUB-Prime, and any amount over 80 percent does not have MI - There are alot of companies I underwrite for that does NOT charge MI - normally the rate is slightly higher.If you go with a FHA loan, FHA has MI included. (With a 580 + you will be going sub-prime the rates are higher by about a 1 percent, but you have no MI. (MI is mortgage insurance in case you default on the loan, it is a way for lenders to have added insurance. It is not the same as Home Owners insurance, ok) VA loans do not have MI insurance.Conforming A+ borrower's loans have MI included, but the rates are better starting in the mid to high 6's (with rates going up.) The more money you borrow - the higher the rate normally. There are a lot of factors involved.With a government loan - collections and judgements will have to be paid (most ppl do not know that) but for FHA it is true....Go to these websiteshttp://www.nehemiahcorp.org/http://www.fanniemaefoundation.org/...http://www.fha-home-loans.com/http://www.freddiemac.com/http://www.thewinproject.org/links.htm..…ALSO -When you Decide to buy, decide on how much you want to spend, if you want to escrow the taxes and insurance. Say the taxes are 1200 a YR and insurance 800 a year (just an estimate, ok) That is 2,000 a year divided by 12 = 166.66 If you paid 1,000 a month now - (166.66) your P/I Principle and Interest would be 833.34. Now you decided on the price range you are looking into. If you have great credit, a 1 loan at 130,000 at a rate of 7 percent over a 30 year time would be 864.89 - This is just a estimate - ok -It greatly depends if you need help with closing cost, (The seller could do Seller Help toward your closing cost). If that is the case, I normally tell my clients NOT to hackle over the price, since you are asking for closing cost help - especially if the home is thru a realitor, and the seller has to pay the realitor their fee which runs from 3-6 percent of the selling price, and you ask for 3-5 percent toward closing cost -assistance) Follow me so far??Talk with a broker, a broker underwrites for many company's (I underwrite for 150 companies) so I only have to pull credit 1 time, and they look at my credit. A single lender (not a broker) has programs available, but they may not be able to help you and your situation, so you go elsewhere, and than that person pulls your credit (see what I mean.) If you shop, your credit is pulled and that is considered a soft pull, for a 30 day period. Just like shopping for a auto, it is good for 30 days. If you apply for a credit card, that is considered a "hard" pull and it drags down your credit score. When looking for a home, please do not apply for a credit card, Department Charge Card, Gasoline Card or make any major purchases, like a auto, etc. This will pull your credit down.Try to find someone (broker) that will pull your credit one time, and submit your loan application to company's that will go off his credit report. By the way, a loan application is called a 1003, and they will issue you a GFE (Good Faith estimate, with-in 3 days, that is per the RESPA laws, and the TIL (Truth in Lending). The GFE will tell you the up-front closing cost associated with your loan. The TIL will tell you the terms, rate associated with your loan. This is a estimate only - not the final - but it does help you figure things out.Decided on the type of program (loan ) you are wanting. A 30 yr fix is still roughly at a 6.5 rate right now - but if you are needing a 90 percent ltv the rate is around 7 percent and a 95 ltv is 7.375 and a 100 percent rate is 7.5 ( This is a estimate only, since I do not know what your credit score's are....There are fixed loans, , interest only loans - adjustable loans, option arms (where you pick the payment, from 4 payments, including interest only). Interest only are lower payments, but nothing is being paid on your home. Some self-employed ppl like the payment options, in a lean month when money is tight., they can pay a lesser amount.Your Realtor will look for homes that match your criteria. This will save you time – you won’t need to look at homes that don’t fit your needs and desires. Choosing the wrong home can become a costly mistake – a home which is too large or too small for future needs- a fixer-upper when you are not handy- house that is too far from work or too close to traffic- home in the wrong price range.A proper game plan will save you time and reduce the hassle of shopping for a home. Spend a little time in advance and save a lot of time and money in the future.Thinking, “I can’t afford a home”Many people feel they can’t afford a home, but affording a home has never been easier. Mortgage rates are more flexible today than ever, and the tax laws favor home ownership like no other tax shelter.Home ownership is a durable (real) investment. Although no one can say if a specific home will appreciate in value, generally speaking, the odds favor the homeowner.Numerous unique tax advantages are available to homeowners. The thousands of dollars you pay in mortgage interest is deductible. This tax deduction alone can sometimes make owning your own home cheaper than renting with “after tax” take home dollars.Failing to properly “screen” your RealtorIt’s likely that you don’t often interview people. Yet, in order to find the Realtor who is right for you, you may need to interview several. The quality of your home buying experience is dependent upon your skill at selecting the best qualified person.It’s interesting that in the real estate business someone with many successfully closed transactions usually costs the same as someone who is inexperienced. Bringing that experience to bear on your transaction could mean a lower price at the negotiating table, buying in less time, and experiencing a minimal number of hassles. Your agent should be a skilled, win-win negotiator!You need to select an agent who guarantees his/her service. You should have the right to fire the agent if you are not satisfied – no questions asked.Agents make it their business to provide every service connected with your home search, from expert advice in the early stages through careful monitoring of your settlement. The more closely you work with your agent, the better your needs are known and the more effectively you can be served.Your agent should have access to the MLS system – a computerized system that will assist you in locating the home that fits your needs and desires.The purchase of your home could well be the most important financial transaction you have ever made. The person you select can make it a satisfying and profitable activity or a terrible experience. It’s your home. It’s your money. Never hesitate to ask questions.Failing to obtain a home inspection from a qualified inspectorThe job of a professional home inspector is to look over every major part of a home and write a report that judges the home’s quality and condition.A home inspector reports on the structural and mechanical condition of the home. After the inspection, you will have the facts you need to make a decision about buying your home.A well-qualified inspector who has adhered to federal licensing standards can spot problems that you might not be able to see. Expect problems to be clearly explained, repair expenses closely calculated, maintenance costs estimated, and a written report delivered within a day or two.Most contracts are written conditional on the outcome of several inspections. These inspections may include several items including inspection for wood-boring insects, excessive amount of radon gas, structural soundness, and the condition of the heating, wiring, and plumbing.When the contract is written, it should specify who would be responsible if there is a problem with the results of any of these inspections.If well written, home inspections can create a safety valve for both the buyer and seller. If poorly written, the result can be heartbreak or law suits.Your Realtor should be very familiar with the laws regarding home inspections. Many people have lost the home of their choice because the agent failed to comprehend this crucial report.Not knowing your rights and obligationsReal estate law is extensive and complex- the contract for sale and purchase is a legally binding document. An improperly written contract can cause the sale to fall through or cost you thousands of dollars for repairs, inspections, and remedies for title defects.You must be certain which repairs and closing costs are your responsibility. You must know whether the property can legally be sold “as is” and how deed restrictions and local zoning will affect the transaction. If there are defects in the title, or if the property is in conflict with local restrictions, you or your Realtor must remedy them. Otherwise, you could lose thousands!It is your Realtor’s job to know the laws governing real estate transactions. They are involved in an on-going training program to keep up-to-date with these laws.You deserve to have an agent who is not only knowledgeable about the transaction, but is also willing to educate you throughout the process so you will feel more comfortable.Failing to make your own inspectionYou probably would not want to rely on the seller to point out defects in a house he is attempting to sell. There may even be hidden problems of which he is unaware.Be sure your sales contract is worded so that any “earnest money deposit” must be returned in the event the house fails inspection. If a major defect is found, you have the option to cancel the contract and have your deposit returned, bargain for a lower price to compensate for the cost of repairing the problem, or have the owner make needed repairs before the sale.Even before you get to the point of a contract and having a professional inspector look at the house, there are many items you can check yourself as you are shopping for a home.Structure – Basement, check the foundation for cracks or water marks. Floors, are they level? Does the roof sag?Water damage – Look for unevenly painted ceiling or wall- mildew odor in basement- signs of re-plastering or re-tiling in just one area of the room.Water pressure – Flush toilet and turn on both hot and cold water faucets at the same time to test.Plumbing – Ask what type pipes are installed and their age. If applicable, ask when the septic system was last inspected and cleaned. Stand near the tank to detect odor or soggy ground.Wiring – A 100-amp system is typical in modern construction and uses a one-inch main line- this can be seen leading to the fuse box. Appliances such as dryer or range require a 220-amp line. Notice if lights flicker or don’t work. Check for electrical outlets . . . usually at least 2 in each room.Energy efficiency – Ask to check last year’s heating and cooling bills. Determine if proper insulation has been used.Pests – Be alert for small accumulation of sawdust in the basement. This might indicate an insect problem. Obtain date and results of the last wood-destroying pest inspection.Good Luck, and if I can help in any way check out my web site, for links to all the credit reporting agency's and other useful information. This is not an advertisement - just helpful information for you...Source(s):Wanda Ellis, Branch ManagerCharterwest Mortgage, LLCwww.mycharterwestmortgage.com

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