The standard offer documents associated with real estate purchases in Georgia are already pretty complex. The Fannie Mae Addendum adds in an additional level of complexity. For instance, the standard Georgia agreement doc reads one thing and the Fannie Mae Addendum reads something else that is entirely and vaguely contradictory. There are also time limits on your rights under that agreement and tracking down the listing agent on a GSE-owned property is often an exercise in futility even for agents. You will be asked for at least $1,000 in an earnest money deposit (certified funds), so it would be wise to have a sound understanding of your rights provided for in those documents or work with someone other than the listing agent who does this full time, has dealt with Fannie Mae and knows how to protect you.
REALTORÂ® Keller Williams Realty Atlanta Partners
It's best that you hire your own agent to represent you as he/she will be looking out for your best interests; not the sellers which the listing agent is obligated to do.
Yes, it's true that working with a buyer's agent should not cost you anything as it is usually the seller's agency who pays the buyer's agent commission. I suggest that you interview a few local agents by calling some real estate firms in the area to determine who you feel you can work most comfortably with. It wouldn't hurt to interview the agent your lender recommends either.
Best of luck to you!
Prudential Connecticut Realty
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
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