1) Inspect your credit and fix any inaccuracies.
2) Research the buying process and loan options.
3) Shop for a loan and get preapproved.
4) Find a qualified and understanding real estate agent. As a buyer, your agent's commission will most likely be paid by the property's seller.
5) Shop for a home that fits your budget and needs. Keep a fair balance between making a logical and emotional purchase decision.
6) Make an offer. Don't be afraid to negotiate and ask the seller to contribute towards your closing costs.
7) Order an appraisal and home inspection. An appraisal ensures that the home is not selling for more than its worth. A home inspection ensures that you're buying a sound house.
8) Shop for homeowner's insurance.
9) Obtain a good faith estimate from your lender to review the entire loan picture.
10) Sign your closing documents. Be certain of the terms of the loan before signing documents. Bring any funds required for closing. Don't forget the keys to your home!
Contact:
Fabiola Fleuranvil, MBA
Re/Max Marketplace
(404) 437-0078
http://www.atlhomeforsale.com/
info@ATLHomeForSale.com
Saturday, October 27, 2007
Steps in the Home Buying Process
Benefits of Home Ownership
Of course, it's clear that the benefits of buying a home far outweighs renting. If you still aren't convinced that buying a home is one of the best decisions you can make towards your financial future, here are some reasons to home ownership.
1) Pride. It feels good to know that you own your home.
2) Renting wastes your money; owning makes money and helps to minimize your taxes. Consider this, when you rent, you help pay someone else's mortgage.
3) You can realize tax benefits when you own a home and can claim the mortgage and interest payments on your taxes.
4) The appreciation and equity in your home can be a profit for you when it's time to sell.
5) Owning a home makes you attractive for equity loans that is borrowed against the equity in your home and can be used for a variety of reasons.
6) Homeownership helps to foster better neighborhoods because homeowners are more likely to be concerned for their neighborhood's vitality since it directly affects their property's value.
7) Homeownership helps to build your financial credibility.
Contact:
Fabiola Fleuranvil, MBA
Re/Max Marketplace
(404) 437-0078
www.ATLHomeForSale.com
info@ATLHomeForSale.com
5 Things to Consider Before Buying a Home
1) Know your credit.
Before you start your home search, it is a good idea to order your credit report and review it for accuracies. If you decide to pay off some items on your credit, it's smart to pay off the smallest balances first.
2) Know how much home you can afford.
Especially on your first home, don't try to overdue it and buy the biggest or fanciest home. Make sure that your monthly mortgage payment is affordable given your monthly income.
3) Do your research.
Research various loan programs, your local real estate market, home basics, and mortgage lenders. Make sure you understand these concepts.
4) Get pre-approved.
Once you're ready to buy and are knowledgeable enough to make a good buying decision, shop around for the best loan that fits your particular needs. Don't just consider the quoted interest rate; also consider closing costs and the terms.
5) Be smart in your house hunt.
Don't get carried away by the asthetics of the home, especially if you're a first-time homebuyer. However, look at other factors that may affect your property's value and future selling attractiveness. Also pay attention to a good, growing neighborhood, school districts, local tax rates, and flood zones.
Contact:
Fabiola Fleuranvil, MBA
Re/Max Marketplace
(404) 437-0078
http://www.atlhomeforsale.com/
info@ATLHomeForSale.com
So You Thought You Couldn't Buy a Home Now?
Forget the age old adage that had people believing that it takes great credit, a huge downpayment, and a family before you could buy a home. In this buyer's market, there's so many loan programs available for borrowers even with bad credit or no credit. Banks are using various creative financing methods to help borrowers qualify. Likewise, there are so many first-time homebuyer programs and 100% financing programs that assist borrowers in qualifying for a mortgage. Also, more and more unmarried or young people are purchasing homes. Afterall, this is one of the biggest investments you can make.
Of course there are times, when it's best to rent. You may want to put off the purchase if you have unsteady income. Also, when monthly rent payments are cheaper than the average monthly mortgage payments in your area and your income is not enough, you may also want to delay a purchase. Keep in mind that banks will only qualify you for a mortgage (including interest, taxes, and insurance) that won't be more than 33-50% of your gross monthly income.
Therefore, be motivated and just get out and do it. Stop wasting your money on rent and put it into an investment that'll help you grow your money. Think about it this way. All of your monthly rent payments goes down the drain, but the interest portion of every mortgage payment and taxes can be claimed and help to reduce your taxes. Also, when you sell your home, you can realize a nice profit from the equity on your home. As you pay down your principal balance and as real estate appreciates, you're building equity, which is the difference between how much your home is worth and how much you owe.
Contact:
Fabiola Fleuranvil, MBA
Re/Max Marketplace
(404) 437-0078
www.ATLHomeForSale.com
info@ATLHomeForSale.com
Mid-Luxury Home in Atlanta's Camp Creek Community Available for Sale: 4 Bed 3.5 baths, 2 Levels plus Unfinished 3rd Level & Unfinished Basement
As if the Camp Creek Community wasn't already booming with a wave of new homes and developments and 1.2 million square feet of retail space and businesses, the newest addition to the community is now available for the right family seeking comfort, tranquility, and luxury all in one. Priced at a modest $389,000, the home is uniquely characterized by 4 beds and 3 1/2 baths covering two levels, plus an additional unfinished 3rd level that could be finished for an additional 3 rooms and an unfinished basement that could be finished for 1 additional room increasing the potential number of rooms to 7.
Besides the huge floor plan of over 4,300 sq. feet and 10 ft tall ceilings, the home features a host of other fine luxuries. The kitchen is perfect for cooks of all levels and features all stainless steel appliances, an abundance of maple cabinets decorated with travertine tiled countertops, and floors tiled with travertine tiles. The living room, dining room, and den are accentuated with cherry hardwood flooring and a fireplace. The huge rear deck is perfect for entertaining coupled with the huge half acre lot that the home sits on.
This home is just seeking the perfect family to call it home. To express interest in viewing and purchasing this home, please call Re/Max Marketplace agent, Fabiola Fleuranvil at (404) 437-0078.
Listing info:
Address: 5285 Happy Valley Circle, Atlanta, GA 30331
List Price: $389,000 with 3% paid towards closing costs
MLS #: 02300782
Contact:
Fabiola Fleuranvil, MBA
Re/Max Marketplace
(404) 437-0078
http://www.atlhomeforsale.com/
info@ATLHomeForSale.com
Friday, October 26, 2007
Atlanta's Camp Creek Marketplace Sees Explosion in New Homes
October 24, 2007 -- Quaintly tucked away on the Southside of Atlanta, South Fulton County is all the buzz, and with the development of the new Camp Creek Marketplace this area is being re-energized in a major way. Camp Creek Marketplace is the Southside’s equivalent to Midtown Atlanta's Atlantic Station boasting over 1.2 million square feet of retail space with major anchor stores including Barnes & Noble, Target, Circuit City, and Marshalls to name a few and a host of over 100 restaurants and stores. Just when this area couldn't get any better, a new hotel is currently under development with a wave of more businesses and retailers to come. More impressive is how the South Fulton area, particularly the Camp Creek community, has experienced an influx of newly built homes bringing with it a mass of new residents to this live, work, play community.
Brand new homes ranging from modestly priced to upscale and luxury homes are easily noticeable throughout the Camp Creek community. Matter of factly, the largest development in South Fulton county is nestled right in the Camp Creek community. The Princeton Lakes Estates subdivision is comprised of five neighborhoods all ranging in different price points from the $160's to the mid $300's. Just a couple of miles up from the Princeton Lakes Estates subdivision reveals mid luxury and luxury homes characterized by all the finer trimmings including multiple levels, basements, huge lots, designer kitchens, and many more luxuries.
Judging by these early trends and other developments being built in the Camp Creek community and throughout the entire South Fulton area, it's a safe bet to say that this area is a prime location for families seeking homes in neighborhoods distant from the hustle and bustle of the city yet accessible to everything the metro area has to offer. Not only would these families benefit by purchasing while the new homes in the area are still affordable, they'll also benefit in knowing that they’re coming in while the South Fulton area is still in its early prime years.
Contact:
Fabiola Fleuranvil, MBA
Re/Max Marketplace
(404) 437-0078
http://www.atlhomeforsale.com/
info@ATLHomeForSale.com
ATLHomeForSale.com Launches to Assist Home Buying/Selling Process
October 23, 2007 -- Often considered a prime real estate market offering relatively affordable housing coupled with a Southern charm in a big city, Atlanta is one of the fastest growing metropolitan cities. Even in today's slumping real estate market and a record number of foreclosures, the metro Atlanta real estate market continues to survive evidenced by new homes and condos popping up everywhere. Given this, buyers and sellers alike are becoming more information savvy and seeking to be better informed in the process. To fill this need, ATLHomeForSale.com launches to provide a wealth of information at your fingertips. Not to mention that the site is spearheaded by Re/Max Marketplace realtor, Fabiola Fleuranvil.
The website is laid out in an easy to navigate and appealing format and provides a comprehensive online resource center for Georgia buyers and sellers. It's easy for buyers to become overwhelmed by the buying and many of today’s problems in the industry are a result of uninformed buyers. Therefore, buyers will appreciate that ATLHomeForSale.com offers an online home buying guide as well as a neighborhood and relocation guide, a mortgage calculator and loan information guide, and helpful tips on credit repair. Buyers can also request to receive a personalized listing of homes available for sale. As an added value, buyers can sign up to receive a 7-part email series of the online home buying seminar. The site also features an easy to use interface and search function of all Georgia properties listed on the Georgia MLS. By the time a buyer navigates through all of the information on the site, they'll feel a lot more confident about making the decision to take control of their financial future by investing in a home.
Likewise, Georgia sellers will find useful tips on preparing their property for the sale and a side-by-side comparison between selling for sale by owner and using the services of a realtor. In today's oversaturated real estate market, perhaps one of the factors making it most difficult to sell is an unrealistic sales price. Consequently, ATLHomeForSale.com offers sellers a personalized comparative market analysis (CMA) to help determine the right list price. Beyond that, investors will appreciate knowing that the site's real estate agent also specializes in investment properties.
ATLHomeForSale.com is everything an educated buyer and seller seeks and more. It is the source for buying, selling, and investing in real estate in Atlanta and throughout the state Georgia. The fact that the site's real estate agent, Fabiola Fleuranvil, carries the name of the highly recognized and favored Re/Max brand is an added benefit.
Visit http://www.atlhomeforsale.com/. Interested in buying, selling, and/or investing in Georgia real estate? Contact Fabiola Fleuranvil at (404) 437-0078, your personal Re/Max Marketplace realtor.
Contact:
Fabiola Fleuranvil, MBA
Re/Max Marketplace
(404) 437-0078
http://www.atlhomeforsale.com/
info@ATLHomeForSale.com
