1ST TIME BUYERS. You missed the Federal Tax incentive, but prices are still deeply discounted from prior years.IF YOU HAVE GOOD CREDIT, SOME CASH AND A SOLID JOB HISTORY, YOU CAN MAKE A GREAT DEAL. NEW HOME COMMUNITIES W/INVENTORIES, SHORT SALES, FORECLOSURES AND SELLERS WITH LOTS OF EQUITY WILL GIVE YOU MANY CHOICES FOR BARGAIN PURCHASES. THINGS TO CONSIDER: (Before you invest a lot of time and effort)1. Meet, call or go on line with a good lender to find out if and for how much of a mortgage you can qualify for. 2. Calculate your current expenses and then add any additional expenses you don't have now (e.g.condo fee, insurance etc. Can you handle these expenses and still have financial margin? Will you have to change your lifestyle? 3. What are the factors that will cause this property to appreciate in the next five years ie...location, ammenities, new school, proximity to corporate centers etc.? If none or only a few, find another property! 4. Buying a home is an investment, so be prepared to maintain the property. If you don't have the ability or the money to maintain the property, don't buy, keep renting. 5. Don't buy with another person (partner), qualify on your own and only have your name on the deed. Don't buy if you can't handle all the expenses on your own. 6. Buying a home is the biggest investment most people ever make, so consider all aspects of the purchase and always seek wise cousel when making major financail decisions. 7. In today's market you can not make offers without a pre-approval letter from a reputable lender, so don't waste your time and effort in searching for a home until you have this in hand. |
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Buying Services & "Buz's Best Buys"
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 IS NOW THE TIME TO BUY?
Todays market conditions make that a very pertinent question, but for the buyer who has good credit and financing, he is "kind of the road". Deeply discounted new contruction homes, re-sales whose values have declined, low interest rates, government incentives and a large supply of homes make this a great time to buy. There are so many homes available it's almost impossible not to get a great deal! In the past many buyers would have to forego some of their "druthers" and settle for home features that were notto their liking. Today, most buyers are finding and getting all of their wants and at prices that 2 years ago they couldn't afford. However, there are many properties that "APPEAR" appear to be great deals but in reality a "DISASTER" just aiting to empty your bank account. How can you avoid a "BAD BUY"? Here's my deal, use the "Dream Home Box" (below) to tell me what your looking for and I will identify the "TOP 10 BARGAINS" in your designated area and price range. I'll email you the listings. From that group you pick 5 and I'll personally inspect them and report back to you or I'll meet you at the homes and let you do your own inspection. If you decide to purchase one of these homes with my help (no charge to you), I will refund $1000 to you at closing from the commission I receive. For "NEW HOME" communities, simply signify me as your agent when signing in and call me with the name/number of the comminity and I will help you negotiate etc. and refund $1,000 at closing from the commission I receive.
In the following reports, you'll find the information you need to make a wise buying decision. We'll take you through the planning process step-by-step , to help you determine which home is right for you. You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving. Please contact me if you have any questions about buying a home in Atlanta or elsewhere in Georgia. Below, select desired reports and complete the form provided.
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Avoid Common Buyer Errors
Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase.
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But Do You Need It
Buying a home can be an emotional, time-consuming, and complex process. There are a few things that you can do to help make the process go as smooth as possible.
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Buying Your First Home
Many renters are starting to think about purchasing a home of their own. This article highlights several factors that should be considered when purchasing a home.
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The Right Home at the Right Price
This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process.
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FORECLOSURES / DISTRESSED PROPERTIES
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FORECLOSURES, SHORT SALES & OTHER DISTRESSED PROPERTIES!In today's housing market approximately 45% of sales involve FORECLOSURES and SHORT SALES. SHORT SALES: Pre-foreclosure property in which the lender (bank etc.) who holds the mortgage agrees to allow the property to be sold for less than the mortgage balance. The difference between the balance and the sale amount is the monetary "shortage" the lender will accept for releasing the property. The lender may or may not forgive the "shortage", or may require the seller to sighn a note for the difference. FORECLOSURE: Property has gone throught the legal process and now the lender owns the property (REO). Typically, foreclosed properties are in disarray and in need of repair. Properties are sold "as is," but in some cases, lenders will pay some of the repair costs. Foreclosed properties listed in MLS's have been offered for bid sale on the counties steps without a taker or bid being accepted. FIXER-UPPERS: Discounted properties typically have a variety of problems. Most ofter they suffer from "physical obsolesence", meaning they need updating of one or more systems(e.g., havac,plumbing, electrical). Older homes may have asbestor, as well as lead paint and siding issues, polybutenyl pipes etc. Many are not current with prevailing home styles. In many cases today, these "distressed properties" offer excellent opportunities for investment for both primary residences and for pure investments, as many are being offered at 50-80% below prevailing market values. However, in some cases these homes require so much repair that care should be taken to properly estimate the cost of these repairs to prevent investing in a "money pit". To be automatically notified of new distressed property listings on a daily, weekly or monthly basis email me with the details of your objectives. (buz@maxatlanta.net). |
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