Great Down Payment Assistance Progam, ANDI Homes
Down payment Assistance As a result of special funding through the Neighborhood Stabilization Program, ANDP Homes may be able to help provide you with down payment assistance or other support for homes listed on this site. Talk with your lender about how to apply for this assistance. Miss the $8,000 Tax Credit? You may still qualify for NSP assistance of up to $25,000 ANDP Homes is working with six jurisdictions throughout metro Atlanta. All of these jurisdictions are offering financial assistance to help qualified buyers purchase one of our beautifully rehabilitated homes. In many cases, qualified buyers could get up to $25,000 in assistance! Ask our NSP Advantage Team of Realtors for details! This is one of the great financing programs out there today. Couldn’t you use $25000 for your down payment! Call Chip for details.
Maximum One Realty First Time Home Buyers Information
Maximum Home Realty offers free information for first time home buyers in a downloadable format – everything you need to know about buying a home in West Atlanta, GA. Home Buying Packet [gview file=”http://www.westatlantarealestate.com/wp-content/uploads/2011/09/Home-Buying-Packet.pdf” height=”1200″ width=”800″] West Atlanta, GA Real Estate Experts List! Buy! Sell! This is not your ordinary West Atlanta real estate brokerage. Unlike most real estate companies that force you to do things one way or their way, we believe you should have choices to pick and choose what best fits your individual needs. We are always looking for new ways to make and West Atlanta real estate more efficient AND without sacrificing quality or service. If you’re looking to buy a home in West Atlanta or sell your existing West Atlanta property, we will be happy to take care of your real estate needs. Our mission is to provide outstanding customer service while utilizing the best practices and systems available. For more information about List! Buy! Sell! West Atlanta real estate services and how we can best serve you, please fill out the online contact form or give us call today! Chip Hurst Maximum One Realty Greater Atlanta 770.294.9976 Mobile Chip.Hurst@WestAtlantaRealEstate.com www.WestAtlantaRealEstate.com
Tax Refunds Bring Out The First Time Buyers
Many people contact me requesting how to buy their first home. The process can seem to be a daunting task if you have never been through the process. With many people getting tax refunds this time of year lends itself to funds needed to assist in your first purchase. So where does one begin? The Lender Well unless you have a large amount saved up and can pay cash for your new home then you will need to find a great lender. I am currently recommending Christy Drake at Brand Mortgage in Douglasville, Ga (770-402-5600). A good lender will evaluate your financial condition and let you know quickly if you can qualify for a mortgage. The mortgage person will determine if you need down payment assistance, if you can do an FHA loan or maybe you have a VA eligibilty. There are also many grant programs out there to assist you down payment as well so become close friends with your lender. Once the lender has gone over your information and can issue a prequalification letter you are now ready to begin your home search. An experienced real estate agent can identify you dream home and setting up showings. So now since you have talked to a lender you now know how much house you can afford and be more prepared now while viewing homes. Keep it simple. Looking at too many properties can overwhelm the first time buyer. It’s a process so maybe limit yourself to 4-6 properties in a day so that you can keep clear in your mind the properties you viewed that day. Also, go home and rank the properties of yes, no and maybe. Write down what you liked about each one and what you didn’t. This information will help your agent in his next search. The Offer Once the the right house is decided on an offer should be your next move. You should ask your agent on what he or she recommends on an offer price and the agent can give you valuable inside knowledge of recent sales and should have a good idea of the market value. The agent will also be able to ask in the offer closing costs paid by seller, inspection time, appraisal contingency and time to ask for repairs if needed among other things. The owner can say no to requests right but it’s better to ask first. The Acceptance If the offer is accepted, great! But now you will have to deposit your earnest money in the Broker’s bank account. You will also need to make loan application. Remember it could take 30-45 days to close the deal. Due Diligence You should have asked for a time in your contract to inspect the property with in the due diligence time period. It is typical that you get 10-15 days to get inspections for termites, total house, mold, radon, survey, septic tank inspection, repair estimates, connections to sewer or water connections to name a few. Be sure you are comfortable with your inspections before your time limit is up and also if you have any issues of what may be found then be sure to have your agent negotiate monetary remedies or repairs. The Appraisal Appraisals have become a huge hurdle with transactions in the past few years. With so many foreclosures hitting the market, these sales are recent comparables for appraiser which can be much lower that what your are purchasing. These low sales can affect the market value of what you are buying and your lender will not lend more than what the home appraises for. So be sure to have an appraisal contingency to protect your earnest money. The Closing Once all contingencies are met and satisfied you can prepare to close. The closing attorney should have a title search working and close to completion. The title search will verify clear title and should reveal any liens on the property that must be paid by the seller at or prior to closing. Contact you lender prior to closing to verify the amound of money to take to the closing and go over the preliminary closing statment with your agent and lender. At the closing table, be sure you have your insurance policy for one year, your certified check for the amount you have to bring to closing, your checkbook for any small overages and a photo id. Ask the closing attorney about title insurance. This is a one time policy that protects you from title disputes and well worth the money. Enjoy Your New Home That’s the purchase in a nut shell. Of course that is a simplified overview of the purchase process but with a little patience and a good team of professionals behind you, you should be able to find and close the perfect home. Hopfully with that new tax refund you just may be able to do just that! West Atlanta Real Estate Experts Chip Hurst is a local real estate agent in the West Atlanta Area. Maximum One Realty of Greater Atlanta is unlike most real estate companies that force you to do things one way or their way, we believe you should have choices to pick and choose what best fits your individual needs. We are always looking for new ways to make and West Atlanta real estate more efficient AND without sacrificing quality or service. If you’re looking to buy a home in West Atlanta or sell your existing West Atlanta property, we will be happy to take care of your real estate needs. Our mission is to provide outstanding customer service while utilizing the best practices and systems available. For more information about List! Buy! Save! real estate services and how we can best serve you, please fill out the online contact form or give us call today! Chip Hurst Maximum One Realty Greater Atlanta 770.294.9976 Mobile Hurstch@bellsouth.net www.WestAtlantaRealEstate.com
Villa Rica Foreclosures
These bank owned home are moving fast with first time home buyers and investors a like trying to get in these great deals. With the pace of foreclosure slowing down a but from a couple of years ago, prospective buyers are waiting to pounce on the right property. Here below you will find the 5 lastest foreclosures to hit the mls. Feel free to sign up and save your searches and get properties emailed to you as soon as they are listed. $109,344 910 Elderberry Ln, Villa Rica Traditional Two Story Home in Swim/ Tennis Neighborhood. Large Rooms, Open Floor Plan. Kitchen with work island, and view to Family Room. Hardwood Flooring, Full Unfinis… Beds 3 Baths 2.5 MLS 07079346 $79,900 2044 Club Bay Dr, Villa Rica Traditional 2 Story Home located in Swim Community. This neighborhood has a small lake with playground and in ground pool. Nice Outdoor Space. Home has Covered Porch, in… Beds 3 Baths 2.5 MLS 07033841 $64,900 809 Regency Ct, Villa Rica Cute starter home has laminate hardwood floors and fireplace in the living room. The master bath has a jetted tub. Fenced back yard and outbuilding for storage. 3 BR, … Beds 3 Baths 2.0 MLS 07077256 $134,900 142 Chadwick Pl, Villa Rica First buyer walked!!!! Now’s your chance to own this beautiful two story traditional home sits on a full unfinished basement & offers plenty of room for entertaining! Loc… Beds 3 Baths 2.5 MLS 07037316 $15,500 123 Harlan Lane Rd, Villa Rica Great investment!!!! Bank owned 2bd/1ba ranch on a large level lot. Open eat in kitchen, large living room with hardwood floors, covered front porch, vinyl siding & metal… Beds 2 Baths 1.0 MLS 07076249
Should you renovate your home
I get a lot of questions on what to fix or repair before listing a home. Here is some great insight on what is important when selling in 2021. To Renovate or Not To Renovate Before You Sell When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to keep in mind if you’re thinking of selling this season. 1. There aren’t enough homes for sale right now. A normal market has a 6-month supply of houses for sale, but today’s housing inventory sits far below that benchmark. According to the National Association of Realtors (NAR), there’s only a 1.9-month supply of homes available today. As a result, buyer competition is high and homes are only on the market for about 21 days, during which time many receive multiple offers from hopeful buyers. In a competitive market that’s moving so quickly, it makes sense to sell your house when buyers are scooping homes up as fast as they’re being listed. Spending costly time and money on renovations before you sell might just mean you’ll miss your key window of opportunity. While certain repairs on your house may be important, your best move right now is to work with a real estate advisor to determine which improvements are truly necessary, and which ones are not likely to be deal-breakers for buyers. Today, many buyers are more willing to take on home improvement projects themselves in order to get the home they’re after, even if it means putting in a little extra work. Home Advisor explains: “When it comes to the number of home improvement projects completed, Gen Z homeowners are leading the pack, completing an average of 3.5 projects. Millennials closely follow Gen Z, taking on an average of 3.3 projects, followed by Gen X at 2.8 projects. Boomers completed an average of 2 projects, and the Silent Generation completed the fewest projects, on average, at 1.8 per household. Compared to 2019, millennials are spending 60% more on home improvement and doing on average 30% more projects.” In this market, it may be wise to let future homeowners remodel the bathroom or the kitchen to make design decisions that are best for their specific taste and lifestyle. As a seller, your dollars and time might be better spent working on small cosmetic updates, like refreshing some paint and power washing the exterior. Instead of over-investing in your home with upgrades that the buyers may change anyway, work with a real estate professional to determine the key projects that will maximize your listing, without overdoing it. 2. Focus on getting a good return on your investment. When planning any bigger projects to tackle, you and your real estate agent will want to discuss the potential return on your investment and if those projects are worth the cost. Some homes do need a kitchen or bathroom renovation, roof repairs, or other major work, but definitely not all of them. You might be surprised by how well your house could fair in today’s sellers’ market. Hanley Wood states: “The 2020 Cost vs. Value report shows a predictable increase in costs for all 22 remodeling projects but a consistent dip in the perceived value of those projects at the time of home sale, as estimated by real-estate professionals in more than 100 metro areas across the U.S. This results in a slight downturn on the return on investment for nearly all projects relative to the trends we saw in last year’s report.” Ideally, homeowners getting ready to move should try to avoid over-investing in big renovations if they won’t make that money back when they sell their house. According to the 2020 State of Home Spending report from Home Advisor: “The average household spending on home services rose to $13,138, an increase over last year’s survey results, where homeowners who did projects spent $9,081 on average in 2019.” Before you renovate, contact a local real estate professional to see if it’s the best course of action. You may find out that putting your house on the market as-is will help you sell quickly, and it may result in the best return on your investment. Every home is different, but a conversation with your agent is mission-critical to make sure you make the right moves when selling this season. Bottom Line We’re in a strong sellers’ market, and that means you have the leverage to sell your house on your terms. Let’s connect today to determine if renovating is really the best way to spend your time and money before you sell.
Home Inspection Vs Appraisal
We get this question a lot as Realtors. The bank will inspect the house so we should be good, right? Well not exactly. We always recommend hiring a private home inspector that will evaluate the home’s systems and conditions and provide a report to review within the due diligence period. This will allow you to assess any problems or cost involved to repair and or negotiate with the seller of these items and in some instances require you to terminate the contract within the due diligence period. While the bank will order an appraisal on the property, the appraiser will not look in detail of the condition like a private home inspector will. If you would like a referral to a local home inspector in the West Atlanta area, please reach out! What’s the Difference Between a Home Inspection and an Appraisal? If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. Here’s the breakdown of each one and why they’re both important when buying a home. Home Inspection Here’s the key difference between an inspection and an appraisal. Bankrate says: “In short, while an appraisal helps you understand a home’s value, inspections help you understand a home’s condition.” The home inspection is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transaction is final. Your real estate agent is a key expert to help you through this part of the process. Home Appraisal The National Association of Realtors (NAR) explains: “A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised! An appraiser will observe the property, analyze the data, and report their findings to their client. For the typical home purchase transaction, the lender usually orders the appraisal to assist in the lender’s decision to provide funds for a mortgage.” When you apply for a mortgage, an unbiased appraisal (which is required by the lender) is the best way to confirm the value of the home based on the sale price. Regardless of what you’re willing to pay for a house, if you’ll be using a mortgage to fund your purchase, the appraisal will help make sure the bank doesn’t loan you more than what the home is worth. This is especially critical in today’s sellers’ market where low inventory is driving an increase in bidding wars, which can push home prices upward. When sellers are in a strong position like this, they tend to believe they can set whatever price they want for their house under the assumption that competing buyers will be willing to pay more. However, the lender will only allow the buyer to borrow based on the value of the home. This is what helps keep home prices in check. If there’s ever any confusion or discrepancy between the appraisal and the sale price, your trusted real estate professional will help you navigate any additional negotiations in the buying process. Bottom Line The inspection and the appraisal are critical steps when buying a home, and you don’t need to manage them by yourself. Let’s connect today so you have the expert guidance you need to navigate the entire homebuying process.
Down Payment Assistance Programs Dpa
Many buyer’s in todays real estate market are facing challenges. One challenge maybe having enough cash on hard required to close the deal. Fortunately there are funds available for many buyers in differnent down payment assistance programs. There are qualifications in income and location for most of these programs. The funds can be used for down payments and closing costs in most cases. Advantages of Down Payment Assistance includes. Lower LTV Lower Debt to Income Lower Monthly payments Increased Purchase Power Some of the most popular DPA programs in Georgia are the following: Georgia Dream Program Peach Plus Program Peach Plus Veterans Loan Program Chenoa Fund – No Income Limits for scores 600 and up To get a list of all types of Down Payment Assistance programs click link below. It will ask qualifying questions and provide a list of options that may be available to you. You can discuss the options with the realtor if you are interested. https://www.workforce-resource.com/dpr/pmt/FMLS/CHIP_HURST