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Atlanta Real Estate, the most fundamental steps of buying or selling your home

Atlanta Real Estate, the most fundamental steps of buying or selling your homeThe most fundamental steps to Buy or Sell your Home in Atlanta

Buying or selling a home is very difficult and stressful. The number of homes sold in the area you are buying or selling will have a major impact on how the process of buying or selling is developed. When buying or selling your home, in order for the transaction to be successful, it is important to understand the basic steps in the purchase and sale.

Here we will show some of the most important steps to buy or sell your property in the Atlanta area.

Selling Your Home in Atlanta.

Normally it is not a good idea to sell a home in a time of need, the ideal situation would be, you have plenty time to plan properly the sale of your home to make  sure you don't feel under any pressure. Even though, you have properly planned the sale of your home, you will always encounter unforeseen items making the process of selling your home a bit challenged.

Here we list some of the different challenges in selling your home:

  • Select a good real estate agent in Atlanta: Select a good real estate agent to make the process of selling a home a more pleasant and stress free transaction.  Agents that are familiar with the local Real Estate market and seasoned agents with lots of marketing experience should be the ones selected to market your home for sale in Atlanta.
  • Highly Saturated Markets: Ideally, people sell their home in a seller's market a market with lots of prospect buyers (sellers market). But unfortunately, that doesn't happen as often as we would like it. When the market is saturated with homes for sale, sellers are facing strong competition forcing them to list their home at a more competitive price
  • Establishing the price of your home: If you list your home for sale at a very low price, many buyers tend to assume that something is wrong with your house. But if the price of your house is very high, the buyers will not be interested in your home because they believe that after a few months you will drop the price down.
  • Maintenance and Repairs: If you are considering listing your home for sale, one of the first steps to do is: complete all necessary repairs and make sure it has been well maintained both inside and outside of your home.

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What to expect when selling your home in Atlanta

Although the process of selling a home varies, home sellers can expect the process to take place in roughly as follows:

  • List the house sale: Complete the contract to list your home for sale with a real estate agent in Atlanta
  • Receive offer: Once your house is available for sale, buyers will begin to submit offers to your agent, if you don' agree with their offer, you will submit a counter-offer to the buyer's agent.
  • Under Contract: If the offer is accepted, the buyer puts his money in good faith in an established by the buyer or seller and you can tell that your home is under contract account. His house is no longer available for other buyers.
  • Inspection: Normally the buyer as part of its bid, ask a few days to do a research of your home, this research may include: structural inspection, electrical inspection, plumbing inspection, and a research with municipal authorities, State of the county to make sure there are no problems listed with those agencies.
  • Close: If there are no problems with inspection, then you will proceed to close where you will transfer the title of  your home to the new owner.

Buying a house in Atlanta

Buying a home in the Atlanta area includes much more challenges than just browsing a website and finding the home that's right for you.

A buyer should be prepared to have many challenges while purchasing their home, below is s short list of some important challenges in buying a home.

The challenges of buying a home

Some of the main challenges of buying a home include:

  • Knowing the local market: Buyers who move to Atlanta from other cities, usually are not familiar with the local market, if this is the case, it is very important to have a good realtor who will guide and represent you in the purchase of your home.
  • Unpredictable markets: local real estate markets fluctuate a lot, the fact that the housing market is in favor of sellers this month, does not mean that next month is the same, this is where a good agent will come in handy.
  • An inspection does not ensure that all is well with the house: The fact that the house has been inspected and the owner has agreed to make some repairs, does not mean that all is well with the house. It is possible that after you have closed the deal some problems may appear. To cover this issues: agents recommend that buyers obtain a policy that helps with the cost of repairs if something breaks after buying the house. These policies are called "Home Buyers Warranty: and help with expenses such as: air conditioning damage, damage to the plumbing, and appliances among others.
  • Finance: Before you start looking for houses, buyers must obtain a Loan pre qualification letter from a local lender. Upon making an offer, the Buyer buyer will make a deposit of earnest money. In many transactions, buyers are also responsible for a portion of the closing costs. Closing costs can cost up to 3% of the total purchase.
  • Choosing an agent: The agent you choose, must be familiar with the local real estate market and should have a great reputation as a tough real estate negotiator.
  • Negotiations: The agent you have chosen is usually the person to negotiate with the agent representing the owner of the house. For many reasons, negotiations often drag on for days or weeks and sometimes with no results for buyers or sellers.
  • Insurance: Once the offer has been approved by the buyer and seller , one of the things that the buyer has to obtain is a home owners insurance policy, this insurance is essential if you are buying a house with a loan from a Lender.
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What it is the expectation when buying a house.

Many Atlanta Home Buyers are browsing real estate websites to find their dream home in Atlanta, however, browsing and finding your dream homes is just a small part of the whole buying process.

Process to purchase your home in Atlanta

  • Find your home: To make sure purchase your ideal home, it is recommended that you look at many houses before settling on one. Be sure to visit the open houses offered in the neighborhood you are interested, this will help you compare prices and other details to the houses you are interested.
  • Pre-Approval: This is the first step that all buyers must do to get an idea of ​​how much you can spend on the purchase of your home in Atlanta. When presenting an offer to a seller, you need to also provide a copy of the pre-approval letter in order for the seller to take you seriously
  • Negotiation: Making an offer is only the beginning of the whole process, home buying negotiations can last up to several weeks and in some cases months and worst of all sometimes all these negotiations ends up with no agreements.
  • Inspection: Before closing, it is recommended that the purchaser make an inspection. To do the inspection, choose a certified and experienced home inspector.
  • Purchase and Sale Agreement: The purchase and sale agreement contains many clauses, among the most important are: Offering date, Sales price, Earnest money clause, Due Diligence period, real estate representation clauses, and closing date
  • Financing: In order to get the best mortgage loan available on the market, it is recommended to work with a local loan officer who represent many lending institutions. To get a loan approved by a lender's underwriter may take up to 4 weeks, be sure to give you enough time on the purchase and sales agreement.
  • Appraisal: An appraisal representing the Lender and in most cases paid by the buyer will do an appraisal of the house you are purchasing. If the appraisal is less than the amount you are paying, you can say that you purchase a home below market value. If the appraisal is more than what you are paying, you may have to come up with additional funds to purchase this home.
  • Closing: After completing all the above steps, then it is time to complete the transaction by closing at an attorneys office which was stipulated on the purchase and sales agreement. At this time you will paid the amount stipulated on the sales contract and the Seller will give you the key to the house and also provide you the property title with your name on it.

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Telmo Bermeo Real Estate Broker

About Telmo Bermeo

Small Business Owner, specializes in marketing homes for sale in the Atlanta Area by using the most up to date Internet Marketing Tools.

Real Estate Broker serving the Atlanta Metro Area, for over 12 years. If you are planning to buy or sell your home in Atlanta, call Telmo Bermeo at 770-309-6417

Atlanta Real Estate

Here is the Top Real Estate Markets in Georgia

Atlanta Homes for Sale | Alpharetta Homes for Sale | Marietta Homes for Sale | Sandy Springs Homes for Sale | Decatur Homes for Sale Roswell Homes for Sale Lawrenceville Homes for Sale | Kennesaw homes for sale

Atlanta Homes for Sale

New Listing - 19 hours online
$1,495,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,200
SQFT
792 Argonne Avenue NE
Atlanta, GA 30308
Midtown Subdivision
$839,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,661
SQFT
Midtown O4 W #2
742 Ponce De Leon Court NE
Atlanta, GA 30308
$1,895,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
4,794
SQFT
727 Courtenay Drive NE
Atlanta, GA 30306
Morningside Subdivision
Open House Sun, Dec 6, 3 PM UTC
Please verify times due to COVID-19
$3,295,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
6,400
SQFT
18 Polo Drive NE
Atlanta, GA 30309
Ansley Park Subdivision
$2,150,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
4,918
SQFT
284 The Prado NE
Atlanta, GA 30309
Ansley Park Subdivision
$1,550,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
4,200
SQFT
1333 Berwick Avenue NE
Atlanta, GA 30306
Morningside Subdivision
$1,895,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
4,728
SQFT
941 Virginia Avenue NE
Atlanta, GA 30306
Virginia Highland Subdivision
New Listing - 22 hours online
$1,849,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
4,239
SQFT
992 Highland View
Atlanta, GA 30306
Highland View Subdivision
$1,250,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,400
SQFT
Poncey Haus #1
1 Angier Springs Court NE
Atlanta, GA 30306
$1,807,700
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
7 Brattle Drive NE
Atlanta, GA 30324
Morningside Subdivision
$1,887,300
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
1786 Croften Drive NE
Atlanta, GA 30324
Morningside Subdivision
$1,808,100
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
1781 Croften Drive NE
Atlanta, GA 30324
Morningside Subdivision
New Listing - a week online
$1,895,000
Single Family Home For Sale
Active
6
BED
7
TOTAL BATHS
5,221
SQFT
731 Wildwood Place NE
Atlanta, GA 30324
MORNINGSIDE Subdivision
$2,350,000
Single Family Home For Sale
Pending
6
BED
6
TOTAL BATHS
6,592
SQFT
1742 Pine Ridge Drive NE
Atlanta, GA 30324
Morningside Subdivision
Price Change - yesterday
$1,849,500
Single Family Home For Sale
Active
6
BED
5
TOTAL BATHS
4,809
SQFT
1021 Reeder Circle NE
Atlanta, GA 30306
Morningside Subdivision
$1,685,000
Single Family Home For Sale
Active
6
BED
7
TOTAL BATHS
10,000
SQFT
1871 Windemere Drive NE
Atlanta, GA 30324
MORNINGSIDE Subdivision
$1,299,000
Single Family Home For Sale
Pending
5
BED
6
TOTAL BATHS
3,700
SQFT
1931 Windemere Drive NE
Atlanta, GA 30324
Morningside Subdivision
$1,599,000
Single Family Home For Sale
Active
6
BED
6
TOTAL BATHS
5,129
SQFT
1231 Reeder Circle NE
Atlanta, GA 30306
Morningside Subdivision
Short Sale
$850,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
2,752
SQFT
957 Briarcliff Road NE
Atlanta, GA 30306
Druid Hills Subdivision
$2,495,000
Single Family Home For Sale
Pending
6
BED
7
TOTAL BATHS
5,800
SQFT
1731 Wildwood Road NE
Atlanta, GA 30306
Morningside Subdivision
$1,299,900
Single Family Home For Sale
Pending
6
BED
5
TOTAL BATHS
3,268
SQFT
1054 Euclid Avenue NE
Atlanta, GA 30307
Inman Park Subdivision
New Listing - 22 hours online
$1,198,000
Single Family Home For Sale
Active
6
BED
5
TOTAL BATHS
4,500
SQFT
1377 Briarcliff Road NE
Atlanta, GA 30306
Druid Hills Subdivision
Open House Sun, Dec 6, 1 PM UTC
Please verify times due to COVID-19
$1,324,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,534
SQFT
2048 Fairhaven Circle NE
Atlanta, GA 30305
Peachtree Hills Subdivision
$1,699,000
Single Family Home For Sale
Active
4
BED
6
TOTAL BATHS
4,069
SQFT
1785 Noble Drive
Atlanta, GA 30306
Morningside Subdivision
$1,849,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
5,844
SQFT
1783 Noble Drive NE
Atlanta, GA 30306
Morningside Subdivision
$259,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,152
SQFT
626 NW English Avenue NW
Atlanta, GA 30318
 
$1,595,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
4,500
SQFT
1626 Clifton Terrace NE
Atlanta, GA 30307
The Cottages at South Ponce Subdivision
$799,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,559
SQFT
Lake Claire #26
245 Colebrook Street NE
Atlanta, GA 30307
$682,940
Single Family Home For Sale
Active Under Contract
3
BED
4
TOTAL BATHS
2,608
SQFT
1316 Boyd Avenue
Atlanta, GA 30318
West Town Subdivision
Open House Sat, Dec 5, 11 PM UTC
Please verify times due to COVID-19
$682,940
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,608
SQFT
1318 Boyd Avenue
Atlanta, GA 30318
West Town Subdivision
$699,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,467
SQFT
1136 Boulevard Drive NE
Atlanta, GA 30317
Reynoldstown Subdivision
New Listing - 3 weeks online
$925,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,350
SQFT
1109 Ralph Road NE
Atlanta, GA 30324
Woodland Hills Subdivision
New Listing - 3 weeks online
$620,970
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,574
SQFT
523 Broadview Lane
Atlanta, GA 30324
Broadview Place Subdivision
$609,900
Single Family Home For Sale
Pending
3
BED
4
TOTAL BATHS
2,539
SQFT
509 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
$548,646
Single Family Home For Sale
Pending
3
BED
4
TOTAL BATHS
2,032
SQFT
507 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
$565,000
Single Family Home For Sale
Pending
3
BED
4
TOTAL BATHS
2,083
SQFT
1223 Hardee Street
Atlanta, GA 30307
Oxley Edgewood Subdivision
$550,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
1,922
SQFT
1223 Hardee Street
Atlanta, GA 30307
Oxley Edgewood Subdivision
$588,900
Single Family Home For Sale
Pending
3
BED
4
TOTAL BATHS
2,502
SQFT
516 Broadview Lane NE
Atlanta, GA 30324
Broadview Place Subdivision
$555,333
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2,045
SQFT
616 Broadview Terrace NE
Atlanta, GA 30324
Broadview Place Subdivision
$559,990
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,048
SQFT
621 Broadview Terrace NE
Atlanta, GA 30324
Broadview Place Subdivision
$544,900
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
2,074
SQFT
576 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
Price Change - a week ago
$599,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,673
SQFT
278 Lindbergh Drive NE
Atlanta, GA 30305
Garden Hills Subdivision
$710,673
Single Family Home For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
3,039
SQFT
914 King Street
Atlanta, GA 30318
West Town Subdivision
$679,900
Single Family Home For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
3,039
SQFT
915 King Street
Atlanta, GA 30318
West Town Subdivision
$719,900
Single Family Home For Sale
Active Under Contract
4
BED
6
TOTAL BATHS
3,342
SQFT
910 King Street
Atlanta, GA 30318
West Town Subdivision
$674,597
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,651
SQFT
919 Luther Street
Atlanta, GA 30318
West Town Subdivision
Price Change - 2 weeks ago
$686,753
Single Family Home For Sale
Active Under Contract
3
BED
4
TOTAL BATHS
2,651
SQFT
1470 Fairmont Avenue
Atlanta, GA 30318
West Town Subdivision
$735,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,656
SQFT
946 Longley Avenue NW
Atlanta, GA 30318
Howell Station Subdivision
New Listing - yesterday
$512,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
1,800
SQFT
81 Hutchinson Street NE
Atlanta, GA 30307
Edgewood Subdivision
New Listing - 3 weeks online
$1,550,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
4,528
SQFT
1437 Woodland Hills Drive
Atlanta, GA 30324
Woodland Hills Subdivision
New Listing - 3 weeks online
$789,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,000
SQFT
135 Mayson Avenue NE
Atlanta, GA 30307
Edgewood Subdivision
$674,900
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,650
SQFT
1336 George W Brumley Way SE
Atlanta, GA 30317
Edgewood Subdivision
$950,000
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,100
SQFT
1871 Woodland Hills Avenue NW
Atlanta, GA 30318
Underwood Hills Subdivision
$649,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,300
SQFT
1180 Baylor Street NW
Atlanta, GA 30318
Howell Station Subdivision
$539,999
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
2,300
SQFT
1315 Wylie Street SE
Atlanta, GA 30317
 
New Listing - 4 weeks online
$464,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,063
SQFT
85 Mayson Avenue
Atlanta, GA 30307
Edgewood Subdivision
New Listing - 4 weeks online
$1,095,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,276
SQFT
1261 Bernadette Lane NE
Atlanta, GA 30329
Lavista Park Subdivision
$724,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,503
SQFT
561 Connally Street SE
Atlanta, GA 30312
Grant Park Subdivision
New Listing - 3 weeks online
$699,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,497
SQFT
161 Crumley Street SE
Atlanta, GA 30312
Grant Park Subdivision
$1,575,000
Single Family Home For Sale
Active
4
BED
6
TOTAL BATHS
4,200
SQFT
1120 Kingsley Circle
Atlanta, GA 30324
Lavista Park Subdivision