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Emily Peker, Atlanta Realtor Blog

Everything you wanted to know about real estate but were afraid to ask

By Emily Peker, Team Leader | Agent in Atlanta, GA
  • 4 habits of highly effective house hunters!

    Posted Under: Home Buying in Buford, Financing in Buford, Credit Score in Buford  |  August 18, 2012 9:03 AM  |  565 views  |  No comments

    Habit No. 1: Be proactive. First, let's define success or "effectiveness" as a homebuyer as successfully Closing on a home that then meets one's and one's family's needs, for as many years as they want or need it to, without ending up in mortgage distress.

    Highly effective house hunters know that the ultimate responsibility for their success lies with
    them, not with their agent, mortgage broker, the home's seller or the market. So, they are proactive:
    They run their own household financials; they are careful not to overextend themselves; and they are diligent when it comes to viewing homes, reading inspection reports and following up on things, during and after the transaction.

    Habit No. 2: Put first things first. When it comes to homebuying, the very first step effective homebuyers take is the step of ensuring that they are financially ready for homeownership. That looks different for different people, but if you've struggled with debt or saving money, putting first things first in the context of your homebuying dream might actually involve nothing more than paying off your excessive debt, changing any dysfunctional financial habits you may have (like overspending) and creating good habits around putting money away.

    For other homebuyers, it might be as simple as obtaining a loan approval before they actually
    start the process of house hunting in earnest.

    Homebuyers who jump into looking at houses before they have handled their financial matters
    often end up taking on unsustainable or otherwise unwise mortgage obligations they might not
    have if they had put first things first.

    Habit No. 3: Begin with the end in mind. I've long believed the best way to approach the homebuying process is to sit down and devote an hour to writing out your personal "Vision of Home." The aim is to avoid jumping right into the granular details of how many bedrooms, bathrooms and square feet you need, but rather to invest some energy into cultivating true clarity on what you want your entire life to look like after you own this home.

    Buying a home is, in my opinion, the most wholesale opportunity to intentionally design nearly everything about your life that most people will ever embark on, given that it has potentially
    massive impact on nearly every area of your life, including:

    • your family;
    • your extracurricular pursuits and passions;
    • your finances;
    • and even your work life, in terms of commuting and comprising your largest expense (requiring you to keep a certain level of income and do whatever it takes, work-wise, to ensure that).

    Homebuyers who want to be effective should consider beginning with their endgame, their post-homebuying vision of how, where and with whom they will live, spend their time, work and play.

    Habit No. 4: Think win-win. Nowhere does it say that for the buyer to get a good deal, the seller must leave the transaction utterly dejected and depleted. In fact, many of the great brokers and agents in the world look at things precisely the opposite way: A seller wants to move on to the
    next phase of their life by selling this property, and the buyer wants to move on to his by buying it.

    Many highly effective agents see their role as facilitating both of these aims in a single transaction (while protecting their own clients' interests in the process). Further, many sellers truly, deeply
    care about their homes and neighborhoods and relish the thought of passing it to someone who
    will care for it and thrive there.

    This doesn't mean you should overpay for a property or otherwise fail to take advantage of
    market dynamics when they are in your favor. Rather, it means that effective house hunters often
    approach sticky negotiations with respect for the folks on the other side of the table and a willingness to be creative and flexible where they can to help get to a set of deal terms that
    works well for both sides.

  • Its scary how complicated home financing can be - contact me, I can help!

    Posted Under: Home Buying in Atlanta, Financing in Atlanta, Credit Score in Atlanta  |  October 29, 2011 6:56 PM  |  1,078 views  |  No comments

    Down payment, tax returns & bank statements - OH MY! Yes its complicated but its not impossible. Let the Better Homes & Gardens Real Estate team guide you thru the home buying process step by step. To start you'll need 2 years recent tax returns, paystubs to cover 30days and 3 months of your bank statements. Down payment will depend on whether you are doing an FHA Loan or a Conventional Mortgage. Everything you wanted to know about real estate but were afraid to ask. You can privately apply for your mortgage here, no upfront costs.

    http://agents.metrobrokers.com/emily.peker/Home_Financing!

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