In the state of Georgia an official wood destroying organism infestation report and inspection is not required by law. However, it could be required by the lender, particularly if the loan is FHA insured. Hope this helps.... more
New FHA owned deal! Appraised and listed for $175,000Please note Rick Duda is a Buyer’s Agent for this home. Please contact Rick if you are not currently represented by another real estate professional,
Appraised and just listed for $172,000, priced way below tax record and comps on the market, contact me asap for more info. Own for less than rent!Please note Rick Duda is a Buyer’s Agent for this home.
Buying or Selling a Home, Let Deborah Ratchford Realty assist you. We,ve helped hundreds of your neighbors buy or sell their homes. Put our 12 years of Experience to work for you! Having Trouble Selling
Thanks for your message. You'll find a lot of information on Georgia Dream both at http://www.gadream.com/ and my blog, http://www.AtlantaDownpaymentAssistance.com. You should plan to have handy around $2500 of your own money to make Georgia Dream work.
Earnest Money - $1000
Appraisal - $450 (depending on the lender)
Home Inspection - $325 (depending on your choice of home inspector)
Cushion - $725 - because we don't know what we don't know.
Please also be mindful that lenders will charge an origination fee of up to two-percent, so you'll likely still need to negotiate in some seller contribution to closing costs.
Hope that helps.
Georgia Real Estate Brokers Associate, REALTOR®, Certified Affordable Housing Counselor, CDPE
Keller Williams Realty Atlanta Partners
(678) 775-2677... more
Toni, I may be able to help you - reach out to me to discuss - firstname.lastname@example.org
I will need to know the bedroom size and monthly rental rate are you looking for. You have listed several school districts - any preference?
Professional Buyers Broker
New Home Construction Expert
ICC Code Certified Building Inspector
Corporate Relocations | New Construction | Luxury & Investment Properties... more
You can't. You're going to need at least 3-3.5% down. You can use the loan to cover closing costs, but not the down payment. Try looking into a USDA loan which a 100% financing program for properties located in rural areas.
When you're ready, the best place to start is to hire an Exclusive Buyer Agent to represent you. EBAs represent home buyers only, and work to get you the best price and most favorable terms. You can go to NAEBA.org for a referral to an EBA in your area.
I'm an EBA and I wrote a book called "Buying a Home: Don't Let Them Make a Monkey Out of You". It will be the best $6 you've ever spent.
Best of luck!... more
Over the 30 years of being in the business, I've sold houses to 100's of new buyers. The most important thing for you to take into consideration, do you like and trust your agent. If you do not have a great working relationship, you will doubt the process every step of the way. Here are 5 of the most common first time buers make:
They don't ask enough questions of their lender and end up missing out on the best deal.
They don’t act quickly enough to make a decision and someone else buys the house.
They don't find the right agent who’s willing to help them through the homebuying process.
They don't do enough to make their offer look appealing to a seller.
They don't think about resale before they buy. The average first-time buyer only stays in a home for four years.
Fred Yancy, Broker
Remember, back in September, when your Agent told you that you have to be PATIENT; that it could take 5 or 6 months, and maybe even a year?
I hope you are not making her life miserable.
The Bank has absolutely no obligation to hurry this up for you.
In fact, the Bank has no obligation to say YES!
You should go back to being patient; you were patient before, right?... more
Inventory is low right now. No doubt about that. As far as pocket listings, I never have them. Once I have a listing it goes on MLS, Trulia, zillow, my website, etc ASAP.
If you have a buyers agent then make sure they have an automated search set up for you. In fmls make sure the settings are for asap and not daily. That way you get the listing right away instead of the next morning.
When you see one like act fast!
Good luck!... more
The value of a home or investment is directly correlated to the quality of the schools that serve it. Where does US News and World Report rank your high school compared to others in Georgia?http:// Read more
Pending means an offer has been made on the property, and it has been accepted, and the process is working towards closing, which is it is pending to close. This means for all intense purposes this home is sold, but mortgages fail to happen and financing sours the deal and the property may be back on the market it that happens. If it makes closing then it will be reclassified as closed by the local MLS. Some pending properties will still take secondary or back up offers just in case the property sale fails or defaults. Short Sales allow this all the time, in fact the bank requires offers to be taken even in pending mode!... more
Acadia has some beautiful 55 and older communities try Arbor Green in Kennesaw on Stilsboro Rd. the Agent is Tim. Go to Acadia web page at www.Acadiahomes.US. or call me at 404-425-3304. My best Fran... more
As one of the largest direct lenders in the country, Prospect Mortgage offers one of the largest selections of loan programs available. In addition to the standard conventional, FHA, VA, USDA, and Jumbo, we also offer a wide range on Renovation loan programs. Our Renovation programs include FHA 203K (Streamline & Consultant versions), HomePath Renovation, and HomeStyle Renovation.
For the FHA 203K program, some lenders only offer the Streamline FHA 203K. That does not give you any options should you encounter the need for the Consultant version for structural repairs or if you are looking for renovations in excess of the Streamline’s $35,000 limitation. Working with a direct lender who offers bother the Streamline and Consultant versions is very important.
For HUD’s Fiscal Year ending 09/30/12, Prospect Mortgage was the 2nd largest volume FHA 203K lender in both the country and the Metro Atlanta market. At Prospect Mortgage, we have a dedicated operations center that only handles our renovation mortgages.
Selecting a loan officer that knows the program inside and out is the key. If your loan officer is not experienced in closing a lot of these types of mortgages, then it will be a very challenging experience for you. Allow an average of 45-60 days for your 203K closing. Prepared buyers are often able to close sooner than that. Some have closed in under 30 days when they are very prepared.
All renovation work will need to be completed by a licensed and insured contractor. I have heard that some lenders may require the use of certain contractors. At Prospect Mortgage, you are free to use any contractor that you wish that meets the minimum requirements as we do not maintain any type of approved contractor list or provide contractor recommendations.
Other than for appliances in certain situations, you may not use any of the big box retailers (i.e. Best Buy, Home Depot, Lowe’s, etc). This is because they will not sign any of the HUD required 203K contractor forms.
Use of a HUD Consultant is required on the Consultant FHA 203K and highly suggested on the Streamline version.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing... more
Darrell: I agree with you. I have a long list of approved ready to go buyers with nothing to sell them. Banks have been promising for months that they would be releasing foreclosed inventory but I still have not seen any results of that. The house next door to me foreclosed two years ago and still has not been put on the market. Prices are definately on the rise due to the lack of inventory.... more