Pre-approval, not pre-qualification, is the best thing to get before starting the search.
Have your mortgage person go over the mortgage expenses (so you can budget for it) - and ask a lot of questions! Have your agent go over the home buying process with you - so you know what to expect, and prepare for home inspection, home/flood insurance and moving expenses.
The more you know upfront, the easier the process will be for you.
Best of luck,
Beachfront Realty, Inc.
I can do it! No score requires 12 month verifiable rent history. They will also need at least three more credit references with at least two being utilities (power,gas or water services). Please call me if you have any questions.
NMLS # 201597
Cell: (404) 998-1010... more
The market is very tight. Good buys are the scarcest in the last 2 years. The smart buy today are shopping centers. This is one of the few categories that has not seen a rush of buyer interest.... more
Dang Nick, you've been doing loans for two thirds of my life!!
Here are some other things you need to know that are crucial to closing quickly: if you are using tax returns to qualify for a loan, the IRS is currently taking 3 weeks to register tax forms for those who do not owe money and 4 weeks for those who do. We have to order tax transcripts if 2011 taxes are being used before submitting to underwriting. The 2010 transcripts can be ordered on line.
So, even your fastest loan officer may not be able to close you fast enough unless they have a trick up their sleeve to speed up the IRS.
The other issue deals with FHA lowering the allowance of open collections. Starting April 1, any case numbers pulled after that date will require collections over $1000 to be paid off (excluding medical). If you are in the credit repair industry, get ready to make a lot of money. This is just another reason why people should look at fannie mae as well.
Fannie requires a 620 score, however, MI companies require 660 if less than 20% down, which by the way, fannie allows the 20% to be a gift from relative. I'm sure sub prime loans will be here soon. GMAC is in London testing it in their market now.... more
I had a buyer recently who had this same issue. When Agents enter a listing into our mls databases the listing is automatically syndicated to hundreds of other websites. It would be nearly impossible to get the pictures removed from every site. What security is breached? If you're the new owner most people viewing the listing will realize the furnishing, etc belonged to the previous owner.... more
I'm with Tyler. my wife and I moved to Atlanta more than 20 years ago, spent six months researching neighborhoods and quickly settled on Grant Park. I am still here, and it just keeps getting better every year.
For the money, Grant Park is by far the best value in Atlanta. Whether you are considering schools, restaurants, arts, community spirit, highway access, shopping, history, architecture, recreation and more, we have it all. Add in the Zoo, Cyclorama, and easy access to Turner field and all the major intown venues, and 10 minutes to the airport, what's not to love!... more
Wherever you decide, drive against traffic to get to work. If you work outside I-285, live inside I-285. The traffic is horrible. If you work down town, ride the bus or find a home near the railway (MARTA - it's Smarta). Hey, I didn't make that up. When you visit, check out the traffic situation on a wet Monday morning. Also check out the neighborhood on a Friday night. When you are ready to buy, let me know as I can hook you up with lenders that offer down payment assistance. No reason to use your money if they're paying for it. Typical down payment products require you to pay $1000 into the deal. You'll want at least $500 to $1000 up front for your deposit plus $450 for an appraisal and $350 for an inspection. I would also recommend that you buy something small so that if you decide to move, you can rent it out and have additional income coming in. If you don't credit qualify, I can help you or anyone else you know in all 50 states. Leaving Wilmington huh? I couldn't live there either. The ocean was too much of a distraction.... more
It appears from the Fulton County Geographic Information (GIS) website, link below, that there never was a 7 Little St SE. Are you looking for 70 Little which is a valid address? Follow the link below for the tax digest report generated from the GIS site.
Do you have children? Are you married? Do you have or want a night life? Hobbies? Work location? What brings you to Atlanta is it work or something else? Do you need to buy something or rent? Do you know the area at all or going in blind? Do you like the city or the suburbs.
I know where I would want to live, but what I want vs. what you want can be completely different. As you can see from someone on the outside looking in answering this question is not about our knowledge, but more about what you are looking for or what you are trying to achieve. It may be better for you to rent somewhere for a 6 month to a year lease to figure what you want or where you want to call home.
Check out the sites below for more details about the area and if you have the chance or time to drive around and see what you like you should do so.
Buckhead and Midtown encompass dozens of neighborhoods, each with their own character. Additionally, condos and townhome communities here, offer a huge range of amenities.
You should meet with a real estate agent who will take the time to meet with you and discuss your needs, wants, and wishes in detail. That agent should then perform a very targeted search to find the perfect match for you.
Contact me if this is the level of service you need.... more
I've taken fives clients (renters, investors, and buyers) through these units in the past month and they have not been too impressed. The floor plans are quite dated, the laundry room (and washer/dryer) is extremely small and, the community itself doesn't offer much in the way of amenities.
If you're looking to purchase this as an investment property, good luck. There are a number of units that have been on the market ~$1000/month for over a year.
if you'd like to know where my clients ended up, shoot me an email.
Cheers and best of luck-
Michael J Fischer
Solid Source Realty
Adjoining zip codes include 30318 (westside), 30306 (Virgnia-Highland/Morningside), 30307 (Inman Park), 30324 (Piedmont Heights), 30303 (Downtown), and 30305 (Buckhead). You can use that same map on helloatlanta.com to map all the surrounding zip code boundaries.... more