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Home Buying in Atlanta : Real Estate Advice

  • All3K
  • Local Info355
  • Home Buying1K
  • Home Selling141
  • Market Conditions99

Activity 2,108
Fri Aug 18, 2017
Sarahh Lindsay answered:
0 votes 19 answers Share Flag
Mon Aug 14, 2017
Susie Kay answered:
I'll take that anytime. That means you already have equity on the home!
0 votes 2 answers Share Flag
Sat Aug 12, 2017
Eduardo Lopez answered:
Thu Aug 10, 2017
Solomon Greene answered:
This is a quote from a local lender.

"FHA is their only option short of some higher rate deals that are coming back into the market."
0 votes 2 answers Share Flag
Wed Aug 2, 2017
Hhrpjrruf answered:
Found out the renters of a house my wife and I own have several irs liens against them. Since they do not own the house will there irs liens affect our property in anyway?
0 votes 16 answers Share Flag
Sat Jul 29, 2017
Paulalindsey7299 answered:
I would like to ask you guys a question for not asking for any hand just asking if you on ssi and on workers compensation can you be eligible for the FHA as i was in a accident so when someone talks to me i dont understand what is being said only my mother unstood me and i lost her this passed February i try to be reasonable truly i dont know what is going doesnt seem this way by myself speaking..can someone answer my question. Thank you in advance. ... more
0 votes 55 answers Share Flag
Sat Jul 29, 2017
Kathy Burgreen answered:
You need to work with a local realtor for your situation. Real estate websites do not have search filters to separate which condos have restrictions and which don't. Realtors restrict what information is sent to Zillow, Trulia, etc. because they need consumers like you to call them for the missing information. The MLS systems have far more search filters but the MLS systems are owned by realtors who pay annual fees to access it.

As for condos having rental restrictions, most condos do for 1 major reason. You need to know that when owners need to sell their condo, their buyers are required to meet their lender's rules for borrowing money to buy that condo. A MAJOR RULE that lenders use is to verify the condo has a majority of owners occupying their units. Lenders will refuse to lend money to buyers if the condo complex has too many renters. This leaves the seller to lower their asking price to attract cash buyers only. If that 1 seller lowers the purchase price a lot, it sets up all future sellers to lower the value of their condos. What will happen next? The first seller will pick a fight with you and most likely sue you in court. Do you have money to pay an attorney?

For this reason, most HOA's REFUSE to allow a high percentage of rentals in their complex. It's much easier and less stress to restrict the number of rentals at any one time. This way when owners need to sell, there is no bitter fights between neighbors and no pending lawsuits against neighbors. So in your case, you need to buy a house that is NOT in an HOA community.
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0 votes 1 answer Share Flag
Thu Jul 27, 2017
Scott Godzyk answered:
Technically no, you should assess what the condo is worth in today's market and sell it at market price. The lease just ends
0 votes 1 answer Share Flag
Tue Jul 25, 2017
Garlandsteven2598 answered:

How soon do you need this loan?

0 votes 188 answers Share Flag
Sun Jul 23, 2017
J Scott asked:
I'm looking to find a good broker that is confident he/she can find solution. Cash out is for some debt consolidation and also downpayment on future purchase in Atlanta.
0 votes 0 Answers Share Flag
Sun Jul 23, 2017 answered:
0 votes 14 answers Share Flag
Mon Jul 17, 2017
Kathy Burgreen answered:
The question is did YOU pay for the termite inspection OR did the seller pay for it? If you paid for the termite inspection, were you at your home the day of the inspection? Do you have the receipt showing you paid for it? Then contact the termite company.

If the seller paid for termite inspection, see if you can contact the seller or the listing agent and get the name of the company from them.

Forget what the contract says. No business is going to do an inspection for free. They need to be paid first, then they do the inspection. So who paid the bill? If nobody paid, then no inspection was done.
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0 votes 1 answer Share Flag
Mon Jul 10, 2017
Cantresistmore answered:
To add to this, seller contribution+lender credit + agent incentive are making the total closing cost amount but i paid appraisal today too which was a part of closing cost so at the end, i will have some additional $500+ left. can this be used towards escrows or as a credit towards down payment? ... more
0 votes 1 answer Share Flag
Fri Jul 7, 2017
Snocapmom answered:
Paying a lawyer to review a contract shifts the burden of error to the attorney.
As an agent, it's worth a few dollars to avoid personal liability. Lawyers have deeper pockets than most agents; avoiding an errors and omissions claim - deductible of 10K is payable by agent - brokers don't want legal expenses even if agent is right. ... more
0 votes 35 answers Share Flag
Tue Jul 4, 2017
Kathy Burgreen answered:
Just curious - was a contract signed by both parties? Why isn't the earnest money problem discussed in the contract. Most contracts will state under what conditions the buyer gets a refund for the earnest money and what conditions the buyer does not get a refund. This should have been addressed at the signing of the contract - if there is one.

Agree with Alan, what do you mean by "...the seller hasn't put the house on the market yet?" Is the seller planning to put the house on the market? If you already submitted an offer and gave the seller earnest money, why would the seller put the house on the market? Makes no sense. Why is the appraisal on hold?
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0 votes 2 answers Share Flag
Thu Jun 29, 2017
Mary answered:

To move the saved home to a new board, please follow these steps:

1. Click 'Saved Homes' at the top right of the page when you are logged in.
2. Click 'My Boards' on the left hand side.
3. Click the board that has the home you want to move.
4. Click the heart icon on the home.
5. The board drop down will appear here. Choose which board to move the home to and you will see the home appear in the new board.
6. Delete the home from the old board by clicking the circle on the bottom right of the home and clicking 'Delete'.

Thank you for using Trulia!

Consumer Care Advocate
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0 votes 1 answer Share Flag
Mon Jun 26, 2017
darius318 asked:
Looking for my first home in the atlanta area, would like something accessible to public transit and in a quiet neighborhood. I already been preapproved for the loan and I am just looking…
0 votes 0 Answers Share Flag
Sun Jun 25, 2017
Visokpan answered:
No you do not owe nor should pay that Agent any earnest money. your Agent has not
Done her due diligence as thus far. she can't expect any kind of compensation. First and for most the buyer is always right . Second that Agent should be happy you didn't contact the department Reslestate
And or the better business of bureau.
She or he must always but the clients

By: Agent valaida Hosea
... more
0 votes 19 answers Share Flag
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