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Fulton County : Real Estate Advice

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  • Home Buying31
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Activity 2,615
Wed Apr 17, 2013
stephen webber answered:
Hi Natalia
A very good question because the real estate agent and loan officer you choose are so very important. Experience is critical especially if your market is experiencing a rush and multipul offers on properties. Ethics is the critical qualifier. They also must be experienced with the various processes involved with all of the loan types. FHA, USDA, FHA 203k, and the assistance and grants available in your state, if you are a first time home buyer.
Gather up lots of information here from Trulia and you will also find an article at Your-Road-Home, Consultation Interviewing Real Estate Agents, that will serve you well. If you read the articles in the numbered order you will become a very savvy home buyer. Be sure to read #9 about the MCC tax credit. The best tax credit ever for first time home buyers.
After your full of useful information you will also find on Trulia agents and loan officers from your area offering their services. A very good source.
Best of Luck, Stephen
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0 votes 7 answers Share Flag
Thu Apr 4, 2013
Fred Yancy answered:
You’ll have an expert to guide you through the process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.

Get objective information and opinions. Real estate agents can provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

Find the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.

Benefit from their negotiating experience. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

Property marketing power. Real estate doesn’t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a real estate agent, you do not have to allow strangers into your home. Your agent will generally prescreen and accompany qualified prospects through your property.

Real estate has its own language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.

Real estate agents have done it before. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. And even if you’ve done it before, laws and regulations change. Real estate agents, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.

Buying and selling is emotional. A home often symbolizes family, rest, and security — it’s not just four walls and a roof. Because of this, home buying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you.

Fred Yancy, Broker
Crye-Leike Realtors
(678) 799-4663
http://fredyancy.crye-leike.com
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0 votes 11 answers Share Flag
Tue Apr 9, 2013
Robert A Whitfield Broker answered:
Hi Ted,

Let me refer you to a great lender:

Mark Milam | Production Manager
Heritage Bank Mortgage
Mmilam@eheritagebank.com
3333 Peachtree Rd, Ste M-10, Atlanta, GA 30326
t: 404.395.1102 | f: 404.506.9484

If he can help you get the loan, I can definitely help you locate and acquire a sound well built home at the best possible price.

Regards,

Robert Whitfield
Broker/Owner
Professional Buyers Broker
New Home Construction Expert
ICC Code Certified Building Inspector
Advantage Realtors
678-585-9691
RobertWhitfield.com
TheHomeBuyersRep.com
Corporate Relocations | New Construction | Luxury & Investment Properties
... more
0 votes 4 answers Share Flag
Wed Apr 3, 2013
Bruce Ailion answered:
Wed Apr 3, 2013
Tyler Willis answered:
No

Tyler Willis, REALTOR®
Keller Williams Realty Intown Atlanta
621 North Ave NE, Suite C-50
Atlanta, GA 30308
Office: (404)541-3500
Direct: (678)656-5524
tylerwillisintown.kwrealty.com ... more
0 votes 8 answers Share Flag
Wed Apr 3, 2013
Lee Taylor answered:
Are those really your two main reasons? Everything else doesn't matter as much as those two conditions?

I think I need to state: don't rely on the representations of anyone on this website, especially me

Actuarial people figure this stuff out everday - call a few insurance brokers. Those people live to quote policies.

Define "Atlanta."

Cities like McDonough or Douglasville or Hoschton are kinda sorta like Goldsboro in size and development and "threat level" from terrorists and you know stuff like bombs and all that kinda stuff and some people call them part of "Atlanta."

Are you more worried about street crime?

Well, Trulia's got a very creative beta Crime heat maps research site. Check the web reference.

So, I live in the city of Decatur - about 5 minutes from the CDC and Emory University over in Atlanta, and about 5 minutes from East Lake, Druid Hills and Kirkwood in Atlanta.

All are policed differently.

This morning, in Decatur we have about 25 crossing guards posted at every major intersection by about 730am with "safe streets" walking paths to and from every school - we have walking paths to parks and pools and we have an epicenter with 30+ restaurants. We have MARTA in the middle of it. MARTA has a visible police force and Decatur has probably 6-8 police personnel on the streets 24/7.

We host a 50,000+ attendee Literary Festival every year. Folks are building apartment buildings on the grounds of my office property now. Restaurants keep opening up. Tourists come here everyday - the bridge and tunnel crowd every weekend.

Sounds about as close to as you can get nowadays to TV's Mayberry, NC.
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0 votes 5 answers Share Flag
Sat Feb 18, 2017
answered:
Those scores are pretty good, but that is a serious derogatory credit item.

Physician loans are portfolio programs, so the lender is free to implement their own underwriting guidelines, but this also means they can probably make a judgment call on things.

If the rest of your credit otherwise is good and you can provide a good explanation then hopefully this will be OK.

If not then you may have to go FHA. It's 3.5% down and you'll probably have to wait until he starts working. But it's an option nonetheless.

If it doesnt work then try another lender who offers a physicians loan before you give up and go FHA.

Best of luck!
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0 votes 17 answers Share Flag
Sun Mar 31, 2013
answered:
I would suggest using www.mapquest.com for directions. Googlemaps would be another option.

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 2 answers Share Flag
Mon Jun 24, 2013
answered:
To find out the answers to your question, you would need to get Pre-Qualified. Getting Pre-Qualified prior to beginning the home search is critical. To do this, you would need to submit a Pre-Qualification request along with your financial documentation. The following documentation will be needed:

• Two most recent years of W’2’s/income 1099’s
• Two most recent years of Federal Income Tax returns
• Two most recent pay stubs
• Two most recent months of bank statements (all pages)

A loan officer who does not ask for and properly reviews all of the above documentation is doing no service to you and may not be very experienced. Experienced loan officers know that many issues come to light only once the actual documentation has been reviewed.

A Pre-Qualification is valid for 90 days from the date that the credit report has been pulled. At the time of closing, most documents (i.e. credit report, income/asset documentation, appraisal, etc.). Should anything be older than 90 days, an update will be required. For credit, this is simply the loan officer obtaining a new credit report.

As one of the largest direct lenders in the country, Prospect Mortgage offers one of the largest selections of loan programs available. In addition to the standard conventional, FHA, VA, USDA, and Jumbo, we also offer a wide range on Renovation loan programs. Our Renovation programs include FHA 203K (Streamline & Consultant), HomePath Renovation, and HomeStyle Renovation. In addition, we also have an FHA 580-639 FICO program for borrower with previous credit issues.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.

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 3 answers Share Flag
Mon Apr 1, 2013
John Walin answered:
Wed Apr 3, 2013
Dan Pennywell answered:
Please feel free to call me or email me about East Lake, Kirkwood, I lived there for 30 yrs
404 626 1665...dpennywell@century21.com
0 votes 13 answers Share Flag
Sat Mar 30, 2013
Becky Loar answered:
Well, I feel like I can actively answer these now in that I am revamping myself to help buyers and sellers and asset manager across the country after beating the pavement for 33 years of which 23 were in REO. Taking up for the agent, they assign the new assets by street name an number and city with the default mortgagor listed too. No other info- no REO forecloure deed- nothing. In th beginning I had to get real savy in going to sourcers that were available to agents. My item on my task is to go into the country records to pull my own warranty and security deed that was foreclosed on. In one of the seccurity deed payments it will list the CONDO rider and or the PUD (planned unit development rider) It will also give you the plat book and number of site and it definitely says CONDO Plat Book! In the listing agent research, she could have easily come up with the correct managment compan or a contact to the board as it would have been given to the closing attorney prior to closing for the tile insurance. Instead of homeowner insurance for the entire structure you will only be paying a little more than rental insurance because the owner only owns the space between the walls of her unit and has not land rights. However she does own an undivided interest with all the owners on th common areas. I am not familiar the discount rate rising however there have been many changes in the lat 6 years. If she got a good deal, get a Home Warranty (sometimes provided by Homepath or I have a great HW company I used that covers everything. Be patint an close with this loan if she like it. I have seen the closing attorneys not even get th HUD one out on the same DAY! Trust me this happens more times than you could possibly imagine. There are some other resources on HUD.GOV that you can look up on their approved condo list and other elements that take into place. Don't worry about th lot and structure bing taxed separtely- thy do that on single famiy homes too. The good thing is that Fannie/Homepath does not charge for an appraisal (to my last knowlege) which saves money an in the condo- her insurance will be lower due to it is not on the structure- ony the content. Closed it if you can- pricing is going up and who knows that were ever be deals again! I hope tht helps- you can checky me out on LinkdIN for my credentials-Becky Loar or privaatly email me at becky@beckyloargroup.com. Have a wonderful Easter Weekend, ... more
0 votes 6 answers Share Flag
Fri Mar 29, 2013
Chris Irvin answered:
I'm assuming you are talking about the "Atlanta Affordable Homeownership Program" I call it AAHOP. My bank offers this and several other down payment assistance programs for the Atlanta area. I'm very familiar with each of these programs and would glad to assist you with either information or your home purchase. Feel free to contact me to explore your options.

Sincerely,

Chris Irvin
Mortgage Banker
Brand Mortgage
NMLS# 75615/465546
678-251-7889
cirvin@brandmortgage.com
www.chrisirvin.com
... more
0 votes 1 answer Share Flag
Sat Jul 27, 2013
answered:
I would suggest start doing your research right now. July will be here before you know it.

Real Estate Agents are not allowed to comment on a variety of topics. The Fair Housing Act restricts the information that can be provided by a Real Estate Agent.

Off Limit Topics Include:
• Crime Statistic (including questions about whether a neighborhood is good or bad or safe)
• Demographics
• Environmental Concerns
• Household Income
• Religion
• Schools (including questions about how good or bad the school is)

Determining to the answers to questions on any of the topics listed above is something that you would need to do on your own. It is up to the individual to make their own determination about a specific area. If a Real Estate Agent were to comment on such a thing, it could be steering which is a prohibited act.

Some websites to try include:
www.crimereports.com

www.familywatchdog.us/

www.neighborhoodscout.com

www.greatschools.org/

www.schoolmatters.com

Reasons Why A Real Estate Agent Cannot Comment
http://realestate.msn.com/article.aspx?cp-documentid=20748062
http://www.fairhousing.com/index.cfm?method=page.display&pageid=3657
http://realestate.aol.com/blog/2010/12/06/what-a-real-estate-agent-cant-tell-you

These links should be able to provide some of the answers you are seeking.

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
Wed Apr 3, 2013
Tyler Willis answered:
Hi Alba,

There are plenty of neighborhoods that would fit what you are looking for. For someone to give you solid advice would require a bit more in depth convo as to what your needs may be.

I'm sure you will get plenty of comments and advice here as to what neighborhoods may be around, but like I said; a more in depth conversation is needed.

Since you are new in town I would be happy to hold that conversation with you and take you along on a tour of Atlanta and what different neighborhoods have to offer.

Tyler Willis, REALTOR®
Keller Williams Realty Intown Atlanta
621 North Ave NE, Suite C-50
Atlanta, GA 30308
Office: (404)541-3500
Direct: (678)656-5524
tylerwillisintown.kwrealty.com
... more
0 votes 27 answers Share Flag
Thu Mar 28, 2013
answered:
Perhaps one of you should buy the house and rent to the 4 of you. You could turn it into an investment property afterwards by renting it or selling it. Using private money can help you get the money to buy the place.

If you go to google and type in "virginia highlands georgia rent" it will bring up rentals for you.
... more
0 votes 5 answers Share Flag
Thu Jun 13, 2013
Nicole Eaton answered:
Greeting homeseeker!

To start, have you spoken with a lender? That is the first key to the home purchase process. With low interest rates you can afford more home now than ever before. I would love to assist in your search for the perfect property and neighborhood for you and your daughter. If you have not spoken with anyone regarding financing, you can give me a call and I can give you a few referrals to call and see who gives you the best options. Hope to talk to you soon!

"Bringing Buyers and Sellers Together"



Nicole Eaton, ABR, SFR

Associate Broker/REALTOR
Keller Williams Realty-Peachtree Road
#1 Real Estate Company in Atlanta!
678.948.7020 Direct
866.833.3203 e-Fax
Certified Short Sale & Foreclosure Specialist
Licensed in Georgia & Michigan
"I love referrals...and I'm never too busy to service your friends and family"
... more
0 votes 8 answers Share Flag
Mon Apr 1, 2013
answered:
Real Estate Agents are not allowed to comment on a variety of topics. The Fair Housing Act restricts the information that can be provided by a Real Estate Agent.

Off Limit Topics Include:
• Crime Statistic (including questions about whether a neighborhood is good or bad or safe)
• Demographics
• Environmental Concerns
• Household Income
• Religion
• Schools (including questions about how good or bad the school is)

Determining to the answers to questions on any of the topics listed above is something that you would need to do on your own. It is up to the individual to make their own determination about a specific area. If a Real Estate Agent were to comment on such a thing, it could be steering which is a prohibited act.

Some websites to try include:
www.crimereports.com

www.familywatchdog.us/

www.neighborhoodscout.com

www.greatschools.org/

www.schoolmatters.com

Reasons Why A Real Estate Agent Cannot Comment
http://realestate.msn.com/article.aspx?cp-documentid=20748062
http://www.fairhousing.com/index.cfm?method=page.display&pageid=3657
http://realestate.aol.com/blog/2010/12/06/what-a-real-estate-agent-cant-tell-you

These links should be able to provide some of the answers you are seeking.

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 7 answers Share Flag
Wed Jul 22, 2015
Chris Irvin answered:
You need to talk with your mortgage consultant about this ASAP. You will not be allowed to close a FHA loan on a property whose approval is expired regardless of when the case # was assigned. The good news is that it is not difficult for the HOA to have the community's FHA approval re-newed. This will have to be completed prior to your close date.

Sincerely,

Chris Irvin
Mortgage Banker
Brand Mortgage
NLMS 75615/465546
678-251-7889
cirvin@brandmortgage.com
www.chrisirvin.com
... more
0 votes 10 answers Share Flag
Mon Mar 25, 2013
Gibson Tarniah, Jr. answered:
Good morning, I have a lot of experience working with investors and would like to discuss your vision. Please give me a call @404-734 - 6940 or email me @ gibson@tarniah.com.
0 votes 4 answers Share Flag
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