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Frequently Asked
Questions
At
condoatlanta.com,
we understand that there are many questions to be asked about
the
purchasing process and about home ownership. |
***How does it all work?
Below you'll find several frequently asked
questions and answers... We are continually improving our site and
providing information that will help you in your search!
We also hope to have the opportunity to help you
in your home purchase. If you are selling your condominium, we offer
unparalleled service for marketing your home to the widest range of
prospective buyers.
We're here to help! We look forward to
representing you!
*** What are the advantages of condominium
ownership? ***
This list could become its very own website!
1. Home ownership for about the same
amount of money required to rent! Super value pricing and
historically low interest rates make this an outstanding time to
purchase your home!
2. The convenience of a "lock and leave"
lifestyle for the busy professional who works long hours, travels
extensively...empty nesters who no longer want or need to maintain
larger home spaces...individuals, couples and families who seek to
preserve their "off time" for rest, relaxation and fun!
3. Access in many communities to a broad
range of amenities including swimming pool, tennis, fitness,
clubhouses, business centers and concierge services! Some
communities also offer game rooms, media rooms, billiards rooms, and
roof top terraces or decks!
4. Mandatory associations with fees that
cover the costs of many important aspects of home ownership usually
including, but not limited to the following: community liability
insurance, water, sanitation, building and landscape maintenance,
and care for community amenities.
*** Is it difficult to get a loan to buy a
condominium? ***
No - there are excellent lending programs available for condominium
purchases, and special advantages for communities that have FHA
approval. Call on us for more information!
We work with a number of different loan officers who assist our
clients with each and every step of the process...from
prequalification to application, from guidance and recommendations
about loan programs to step-by-step updates through the underwriting
process, from a review of the preliminary settlement statement to
the final closing numbers...and beyond. We take pride in the ongoing
development of our team of affiliated service providers!
*** I'm a first time home buyer with a limited budget. Will you help
me? ***
Absolutely!
If agents or other Realtors have not returned your calls, please do
not despair. We will do our level best to assist you, and to offer
our finest professional service whether you're purchasing you are a
new or seasoned homeowner. We delight in helping first time
homebuyers make the transition from paying rent to owning, and will
take excellent care of you throughout your entire purchase process
through and beyond closing. We're here to help. Please call on us!
*** How does the buying process work? ***
Our career commitment is to the representation of buyers and sellers
of real estate. Our goal is to facilitate this process...to make it
flow as easily and smoothly as possible. Working together, we can
make all that happen...in the celebration of your decision to buy
your first home or to transition from one property to another.
1. We begin with prequalification by a
loan officer...including a 10 minute conversation and a lender's
credit check.
2. We ask for your help in writing a "wish
list".. Our goal is to find the homes most likely to meet your
hopes and dreams, as well as to help you explore ideas you may or
may not have considered. We typically explore many possibilities
and often make suggestions regarding value, location, and quality of
life. We delight in offering expert assistance to our clients.
3. Now it's time to set an
appointment...hoping to find your new place. For some buyers, this
happens on the first appointment out. For others, the first
appointment is a time for the agent and the buyer to get to know one
another...and to explore a variety of preliminary ideas.
4. Once we have found your special home,
we'll draft an offer reflecting your interest in the terms of the
home purchase, the comparable value of other homes that have sold in
the community, and any special concerns or considerations involving
the home you've chosen. From there the offer is negotiated.
5. Once you're under contract...we begin
the administrative work necessary for a smooth transition to
closing. We provide follow-up, follow-up and more follow-up. An
important part of this process will be the coordination of your home
inspection. We'll guide you through step-by-step!
6. Just prior to closing, we'll schedule a
final walk-through to verify all agreed repairs have been made and
to verify the condition of the home.
7. You close on your new home at an
attorney's office...a process that typically takes about an hour.
There you will get your keys, a copy of all of the documents that
you signed, and your appraisal. On completion...you'll hear the
words..."Congratulations! You're a homeowner!"
*** What about closing costs? ***
Closing costs typically include the loan origination fee, attorney's
fees, title search fees, often the appraisal, and other
miscellaneous costs associated with transferring ownership of real
property. The relative percentage goes down as the price of the home
goes up because of the relative influence of "fixed" vs. "variable"
costs. When writing an offer we work with your loan officer to
determine the best estimate for these costs so we can try to secure
these as seller paid costs within your purchase.
Our policy and practice is to negotiate closing costs paid by the
seller when at all possible for the benefit of our buyers. Closing
costs are separate and distinct from down payment money required,
and so our goal is to minimize any additional out of pocket expenses
to our clients.
*** What does condoatlanta.com charge for these
services? ***
At condoatlanta.com, our agents work
for you as buyer's agents, but our fee is typically paid by the
seller at the time of closing. There are no up-front fees for our
services.
Watch for additions to this resource page! If you have a specific
question, we would love to hear from you. Please visit:
Tell us
about yourself and let know about you and what we can help you
find.T
Thank you for your interest! Enjoy our website!
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