First-Time Home Buyers
If you are a first-time home buyer, use the guide below for helpful hints and tips and learn how to avoid common mistakes when buying your first home in Atlanta, GA.
- Pre-Approval: While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You'll also avoid being disappointed when going after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This can often help in a Multiple Offer Situation to help you win the home since you are approved and just need an appraisal. Click here to be connected with one of our Lenders.
- List of Needs & Wants: Make 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes, things you would like to have (pool, den, etc.) but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, but it will keep you on track for what you are looking for.
- Representation by a Professional: An experienced license Realtor can help educate you on the process and protect you during the transaction. Click here to choose from one of our Agents and they start helping you right away.
- Location: Look at a potential property as if you are the seller. Would a prospective buyer find it attractive based on school district, crime rate, proximity to positive (shopping, parks, freeway access) and negative (abandoned properties, garbage dump, source of noise) features of the area?
- Visualize the house empty & with your decor: Are the rooms laid out to fit your needs? Is there enough light?
- Be Objective: Instead of thinking with your heart when you find a home, think with your head. Does this home really meet your needs? There are many houses on the market, so don't make a hurried decision that you may regret later. Pay special attention to how old the roof and major systems in the home are and what it will cost to update them.
- Be Thorough: A few extra dollars well spent now may save you big expenses in the long run. Don't forget such essentials as:
- Have the property inspected by a professional inspector and any additional test needed such as a Radon Test or Septic Inspection
- Request a second walk-through to take place within 24 hours of closing
- You want to check to see that no changes have been made that were not agreed on (i.e., a nice chandelier that came with the sale having been replaced by a cheap ceiling light)
All the above may seem rather overwhelming. That is why having a professional represent you and keep track of all the details for you is highly recommended. Please contact us directly to discuss any of these matters in further detail.
Listing information last updated on Sunday, March 24, 2019 at 4:22 AM.