Not sure why it would not let me post before, but there are also many better programs than GA Dream - especially if you have a down payment. The GA Dream program is basically a second mortgage that you have to pay back.
I work with a lender that has a true grant which allows up to 5% towards down payment and closing costs. Feel free to reach out if you would like more information on it.
Most experienced Realtors will know several rehabbers/investors in a given area. I would recommend reaching out to a Realtor in your area and they should be able to get you in touch with someone they can recommend to you.... more
On a VA Loan purchase, the seller is required to pay for the termite inspection ( buyer isn't allowed to cover cost for this and if the buyer has paid for it, then they must be reimbursed at closing).... more
For those coming across this post years later, I'd most definitely choose Kennesaw. Builders like D.R. Horton (whom I work with) have been building in the area for the last several years and it is flourishing. It is known for being a bit more on the rural side, but things have rapidly changed. The downtown is small but charming. There are decent schools in the area. IT's also close to Atlanta, which is convenient.... more
Depending on how the listing agreement was written, the listing broker may be able to go after the seller for commission owed if the buyer saw the property while it was listed.
Most listing agreements have terms stating something to the effect that the home owner will owe the broker a commission if they sell or transfer the property to a buyer that was introduced to the property during the listing period if that buyer purchases the property within a specified time period.
Go back and read your listing contract and if you have any legal questions after reading it, consult an attorney for legal advice.... more
They shouldn't need to pull new credit. Generally credit reports are good for 90-120 days whether you switch properties or not. Then again, this could be their company policy or there may be another reason (ex. they think your scores now would be higher and this would qualify you for a better rate)
Have the loan officer explain why this is needed, and so long as you trust your loan officer I wouldn't worry about it. If you aren't comfortable and you switch lenders they will need to pull it again anyways.
Rentals tend to go very quickly and can be found a number of ways. If you decide to purchase, I would be happy to sit down with you and go over what that would involve.
Some of the benefits of purchasing over renting:
Don't have to worry about moving each year due to the landlord selling or drastically increasing the rent.
Able to make changes to the house to make it feel like home.
Consistent payment (With most mortgages, your interest rate is fixed, so the only thing that fluctuates is the taxes and insurance)
Build up equity and lock in at today's prices.
And so many other benefits. Interest rates are low and there are still several grants/down payment assistance programs available for qualified buyers.
If I can help, please let me know.
Cassandra Bickel @ ERA Sunrise Realty