Steps in the Home Buying Process

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

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 the Camp Creek community and South Fulton County continues to grow as being one of metro Atlanta's fastest growing communities, this new mid-luxury home quaintly nestled among the tree lined streets of this community is now available for sale.

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