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Home Buying in Austell : Real Estate Advice

  • All59
  • Local Info6
  • Home Buying14
  • Home Selling0
  • Market Conditions4

Activity 16
Jess, Other/Just Looking in Mableton, GA
Fri Mar 13, 2015
Jess asked:
I would like to purchase a townhouse in June 2015 I have 10,000 saved up but I was wondering if there are any grants that I could take advantage of as I am a first time home buyer. Thanks.
0 votes 0 Answers Share Flag
Dan Tabit, Real Estate Pro in Issaquah, WA
Tue Sep 9, 2014
Dan Tabit answered:
Bettyann,
Homes for sale are generally only concerned with the buyers capacity to pay. Bad credit affects this, so the only persons willing to focus on this type of buyer would put incredibly one sided terms on the deal, favoring the seller and not you. In addition to your credit status, you would be running a business which may further complicate your capacity to pay. If you have a track record of running your own business, the requirements for getting a loan conventionally are even tougher.
Rather than doing some scheme where you'll likely end up worse off than you are now, I strongly encourage you to rent the cheapest place you can stand to live in and use the savings and every spare minute and dime to resolve your credit issues so you can make a legitimate purchase sooner rather than never.
Credit repair can happen faster than many realize, but it takes your funds and your full attention to get it done. To often buyers in situations like this, seller financing and rent-to-own end up distracted and forget to complete the credit repair steps and lose what they've put into a home.
... more
0 votes 1 answer Share Flag
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Mon May 19, 2014
Tim Moore answered:
I don't see that it says it is for sale, but you can claim it as yours and then correct it.

http://www.trulia.com/homes/Georgia/Austell/sold/1000258672-888-S-Gordon-Rd-Austell-GA-30168 ... more
0 votes 1 answer Share Flag
Hank Miller, Real Estate Pro in Alpharetta, GA
Sun Oct 13, 2013
Hank Miller answered:
You will be bombed with nonsense agent babble. Cut through it all and stay on the key point - agent experience and production. Nothing else matters - if you let yourself get confused with the mindless agent-industry talking points, you will lose sight of the simple thing:

how experienced are you and how many homes have YOU sold in the last 12-18 months. Nothing else matters.

This is a very easy way to screen agents:

http://hankmillerteam.com/about-hank-miller/how-do-you-find-real-estate-agent/

This is business - screw it up and you lose
... more
0 votes 2 answers Share Flag
Rodney Mason, Real Estate Pro in Atlanta, GA
Mon May 20, 2013
Rodney Mason answered:
AA,
Has your agent explained the current market to you? We are very much in a seller's market in much of Atlanta. This means that homes (that are in good condition and accurately priced) are not staying on the market for very long. Many of them are seeing multiple offers and quite are few are selling above list price. This holds true for HUD REO's. Most HUD home that I am hearing about are being overbid on.

Listingbook pulls directly from FMLS. The wrong status may simply be becasue the home just went under contract and the system had not had time to update yet.

This same story is now playing throughout Atlanta. There is really not much the Buyer's Agent can do to get an offer accepted by the Seller when another Buyer offered them a higher net. It sounds like you may need to adjust your criteria if there is nothing matching those parameters right now.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 5 answers Share Flag
Patricia Joh…, Real Estate Pro in Atlanta, GA
Sat Jan 26, 2013
Patricia Johnson answered:
Marie, if you are looking to lease purchase a home on the section 8 program and have or haven't been through the necessary steps to qualify then I can help you if you call me at 678 502 8238 if you call and give me your email I can send you via email homes that are available through that program. ... more
0 votes 1 answer Share Flag
R. L Artis, Both Buyer and Seller in Atlanta, GA
Wed Jun 20, 2012
R. L Artis answered:
I am a real estate wholesaler, I find and sell homes really cheap to investors and people who would prefer to deal in cash. You can contact me anytime maybe I can help you with your search.

richmanhomebuys@gmail.com
... more
0 votes 4 answers Share Flag
Vivian Lyons, Real Estate Pro in Villa Rica, GA
Sat Jan 14, 2012
Vivian Lyons answered:
Carol...realistic yes & no
As Ralph stated you may need to wait 5 years to gain some equity in property. Then property will need to be priced at the right price to move.
0 votes 3 answers Share Flag
Vivian Lyons, Real Estate Pro in Villa Rica, GA
Sat Jan 14, 2012
Vivian Lyons answered:
Hello!
I noticed you stated physically begin searching for homes, to save a lot of heartbreak meet with a lender and get pre-approved for your mortgage first because this the deciding factor unless you are going to pay all cash. ... more
0 votes 7 answers Share Flag
Tim Brown, Real Estate Pro in Alpharetta, GA
Wed Jul 13, 2011
Tim Brown answered:
Jamal,

As John correctly points out the two year window is a must for getting a loan approved post bankruptcy. But remember, just because you have waited two years does not mean you will automatically qualify for a home loan. Your credit must be 620 or better and you need to have the income and the down payment to qualify for the property you are interest in. One more thing, it is very important that you have paid your bills on time since the bankruptcy discharge. Any late payments showing up on your credit after the bankruptcy will further restrict your ability to buy.

Email me if you need further clarification.

Timothy Brown | Senior Loan Officer
Academy Residential Mortgage, Inc.| tbrown@academyresidential.com
11380 Southbridge Pkwy, Suite 200 | Alpharetta, GA 30022
678.468.5626 x110 | fax 678.935.1156 | cell 678.467.9959
... more
0 votes 3 answers Share Flag
Anne Taylor,  in Cobb County, GA
Thu Jun 2, 2011
Anne Taylor answered:
Greetings,
Lwd, you can find lease purchase listing the same way you find rental and homes to purchase and that's by using it as a search criteria. If you search rentals in our current market and ask the owner if he or she is willing to sale in the near future. You will probably get a lot of folks saying "YES" if you have money to use for the up front down payment. Most lease purchase agreements are due to credit issues and the inability to purchase at the time.

I managed rental property for years, and request's for lease purchase agreement was common on the nicer homes, but I never had anyone actually purchase. Better credit , more options, great loan rates.....oftern means a buyer has MORE options. Good Luck and let me know if I can assisst further.

"Taylormade Real Estate Services to Meet Your Individual Needs"


Anne Taylor
... more
0 votes 6 answers Share Flag
Gail Van Voo…,  in Cobb County, GA
Tue May 31, 2011
Gail Van Voorhis answered:
Austell is a good place to rent out your home. There are many businesses nearby that have employees that are looking for places to live. As with any other rental situation, you have to carefully screen prospective tenants. ... more
0 votes 2 answers Share Flag
Darrell Hess, Real Estate Pro in Asheville, NC
Fri Jan 21, 2011
Darrell Hess answered:
No idea what the 1% your mention is.

Fha is 3.5% down payment, but you need 620 and depends on debt to income. I believe but does depend what lender you are using.

Your best option if you want to buy and take advantage of low housing prices is just buy with cash. There are some great handy man specials out there in the area you are looking for where you could buy the house for under 50k. ... more
0 votes 9 answers Share Flag
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