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Home Buying in 30040 : Real Estate Advice

  • All39
  • Local Info4
  • Home Buying19
  • Home Selling5
  • Market Conditions0

Activity 18
Thu Nov 9, 2017
Solomon Greene answered:
Congratulations.

There are a good many state and county controls in place that keep local builders in check, so most of them are pretty good. Many of them use subcontractors that work different sites at different times. So it would likely be in your best interest to assemble a good list of homes, scrutinize them (and the builders) individually and then decide if you're at peace with your discovery. We agents will gladly share our individual experiences with the local builders with whom we've worked. But it is hard to judge a one in Alpharetta or Cumming since every property, location, in-deed, every experience is unique.

I'd welcome the opportunity to speak with you and also provide my new home buyer checklist of things to consider when buying new construction.

Otherwise, good luck in your home search.
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0 votes 2 answers Share Flag
Thu May 18, 2017
Kathy Burgreen answered:
Even though you have about 13% for a down payment, the issue is whether you are financially qualified to buy at that price. You also need cash to pay closing costs. Another issue is what is the maximum dollar amount for conventional loans in your county? A $1 million dollar loan may be considered a "jumbo loan" which means the lender will use a conventional loan up to the county limits, then for the difference you can either get a secondary loan or may be charged higher interest rates, fees, etc.

You need to contact a local lender and have them pull your credit and review your finances. Don't assume you qualify for a $1 million dollar property.
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0 votes 1 answer Share Flag
Tue Feb 28, 2017
Rk_burkhart asked:
Wed Feb 25, 2015
Sammy Thieme answered:
If you are purchasing the home and are truly concerned about mold levels, contact a home inspector. Mold damage can be the result of a number of deeper issues, and mold remediation companies may not be completely impartial. When selling in the future, you may have to label mold issues if you choose to fill out a disclosure, which is customary in resales. Best of luck!

Sammy Cardin-Thieme
RE/MAX All Properties
Cumming, GA 30041
(678) 936-1607
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0 votes 8 answers Share Flag
Mon Jun 23, 2014
Kirsten Wellborn answered:
Hi!

There is 100% financing and several other options for very low down payments (maybe $1500 or so).

Give me a call to discuss & I can refer you to the lender that offers each program.

Kirsten Wellborn
Garrett Realty
404-867-5662
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0 votes 1 answer Share Flag
Thu Jun 5, 2014
Kirsten Wellborn answered:
Hi Vichi,

I have lender that is doing stated income for 600k+. I believe he said 70% LTV, but I will need to double check. Give me a call if you're still looking for financing.


Kirsten Wellborn
Garrett Realty
404-867-5662
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0 votes 1 answer Share Flag
Tue Dec 3, 2013
Brian Brown answered:
Unless you have a portfolio lender, you won't find 97% LTV - Fannie Mae did away with that last month. You can do Lender Paid MI but as Rodney stated below, it may not be best option - all depends on your goals. ... more
0 votes 5 answers Share Flag
Thu Sep 19, 2013
Al Casey answered:
It depends on your contract. Do you have an agent representing you? Did you have an attorney review your contract? Let me know if I can help.

Al Casey
678-725-0849
0 votes 4 answers Share Flag
Thu Sep 19, 2013
Al Casey answered:
Patel,
It depends on more factors than you have listed! It could be 200K+ or as much as 500K. I would be happy to help you find the home that fits your needs. That's what agents do at no cost to the buyer! If you are ready give me a call.

Al Casey
ReMax
678 725 0849
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0 votes 7 answers Share Flag
Thu Sep 19, 2013
Al Casey answered:
Sandy,
First prequalification. Know what you can buy and then determine what payment you are comfortable with.
Second determine what conditions are most to least important. Type of home, Schools, Parks, Commute, etc.
Third find an agent that knows the area!
I have lived & worked in 30040 / Vickery Creek area for over 13 years with 3 children in the school system. My oldest is a junior at West and started the first grade at Vickery Creek Elementary. Give me a call if you need any more help!

Al Casey
ReMax
678 725 0849
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0 votes 8 answers Share Flag
Thu Sep 19, 2013
Al Casey answered:
Denise,
I am unaware of anyone offering owner finance in this price range. You must be careful if you do find an owner finance opportunity. Be sure you will get clear title to the home and the owner/financer is a lean holder. Have an attorney that represents you review all contracts. This will help prevent the possibility of misunderstandings or improprieties. That said I would recommend you contact a finance professional to determine how to obtain traditional finance. I recommend Angela Morton for my credit challenged customers. You can reach her at 770-934-0331 / 770-990-5070 or angelamorton@silvertonmortgage.com Its up to you to find someone that works for you!

Al Casey
ReMax
678 725 0849
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0 votes 4 answers Share Flag
Thu Sep 19, 2013
Al Casey answered:
The short answer is yes! The time limit would depend on the conditions of your short sale and when it was recorded. A loan professional is your best resource to research this with you and formulate a plan of action that will make it clear for you how and when you can obtain a home loan. I recommend Angela Morton with Silverton for all my credit challenged customers. She can tell you where you stand and how to get qualified ASAP. Its up to you to choose who works best for you. You can contact her at 770-934-0331 / 770-990-5070 or angelamorton@silvertonmortgage.com. If you need more you can reach me at 678-725-0849 or AlCaseysells@gmail.com


Al Casey
ReMax
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0 votes 12 answers Share Flag
Wed Sep 18, 2013
Al Casey answered:
JEH Homes is a local builder operating in the south forsyth north fulton area which allows them to keep operating costs lower than the big builders. They build quality homes comparable with other builders. I live in the same area if you would like to see a home let me know!

Al Casey
ReMax
678 725 0849
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1 vote 3 answers Share Flag
Mon Aug 20, 2012
Mynewhome2003 answered:
I would say think many times before you buy from legendary... They will trick you from sale to warranty service. Horrible service. All sales agent , broken all are fooling customer.
0 votes 10 answers Share Flag
Thu Feb 16, 2012
Ken D'Ademo answered:
Why use trulia to find current market offerings. Contact a REALTOR to help you in your search. A buyers agent can help you locate the most up to date listings, and those who specialize in distressed property have access to foreclosure info not available to the public. A buyers agent generally is paid byte selling broker, not the buyer, however there are exceptions. If you have not found your desired property I can help. My website is listed below and my contact info can be found there. ... more
0 votes 5 answers Share Flag
Mon Apr 19, 2010
Jeff Harper answered:
The first step in this situation is to get a copy of the appraisal and check it for errors. Sometimes the comparable properties used are not the most similar to the subject. Sometimes measurements are wrong, and other errors commonly occur. If the appraisal is determined to be accurate then you can try to negotiate with the builder. Some will negotiate with you, some will just stand fast at the sales price, and resell the property if you terminate your contract. ... more
0 votes 3 answers Share Flag
Sat Jan 30, 2010
Deryk Harper answered:
Congratulations Sukanya,
That sounds like a win-win situation for both sides. Hope you and your family create many happy memories in your first new home.
Deryk
0 votes 19 answers Share Flag
Wed Jan 27, 2010
Dallas Texas answered:
Only terms of contract can govern what can take place. Ask your buyers agent resolve these issues.

Lender won't issue a loan if over valued so only two things can take place:
1. Sales contract is canceled you move on for another search
2. Property owner reduces value of the home

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911

http://www.lynn911.com
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