It is a great time to buy real estate IF you can hold on to it for at least three years or so if this is solely an investment property be sure you can afford the monthly payments etc for that amount of time as well. If you are in a hurry to flip properties then I would not purchase now, and simply wait until the market changes. Please let me know if I can help out I have quick turnaround !
Read the article & give me a call or shoot me an email. I'd like to send you a few options, and take you and your fiance out to preview a few possibilities.
I live intown, love intown real estate, and would love working with you guys!
Have a great St. Patrick's Day!
Sarah Simmons Turner, Realtor
Sanctuary Real Estate
Read as much as you can, don't trust everyone you talk to, and take the plunge. Regardless housing/land is still a solid investment, everyone needs it and the market will bounce back - my crystal ball says SOON!
Get your real estate on. Time is of the essence.
Financing options are attractive and quite flexible, especially if you have steady income and growing assets.
Have you made contact with a reputable local mortgage lender? If so, then make sure that you ask them about the Atlanta Development Authority's "Home Atlanta Mortgage" program.
If you are making a downtown Atlanta purchase, and this is your first real estate investment, then this grant program will only last as long as the money is available. The goal is to spur economic redevelopment in specific areas of Atlanta.
One of my clients is closing on a $150,000 condo this month in Peachtree Hills with this loan, provided by Chase Mortgage.
Another one of my clients is looking at property with me today in Reynoldstown, East Atlanta, Edgewood, East Lake and Peoplestown - she is seeking to buy a single family fixer upper in the mid $100's.
Another one of my first time buyer clients used a different type of FHA loan in December on a Lakewood purchase of a 2/1 - his contractors received $40,000 in repair funds and his 90 year old house is as good as new! He paid $69,000 and financed the $40,000.
As I said, get your real estate on!
Last word: Donâ€™t wait to buy a Real Estate, Buy Real Estate and Wait!
It's a great time to buy and invest if you can hold on to your property for a few years. It's not a great time to flip a home, but since this is your first home I would guess that you hope to stay in it for a few years.
Choosing the right intown location can be very important. Do you have an idea of where you might like to purchase? Price range? and How much you plan to invest on renovations? I would love the opportunity to help you find your first home. Just let me know if I can help.