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

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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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    Sandy Springs Homes for Sale

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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Foreign Real Estate Investors: How to Purchase Real Estate in the USA?

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 404-855-3070

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Atlanta Real Estate

Atlanta Homes for Sale

New Listing - 45 minutes online
$269,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,148
SQFT
404 W Lake Avenue NW
Atlanta, GA 30318
Bloomfield Subdivision
New Listing - 8 hours online
$154,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,760
SQFT
3775 Pebble Beach Drive
Atlanta, GA 30349
Lake Feldwood Subdivision
New Listing - 16 hours online
$864,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,581
SQFT
41 Conifer Park Lane NE
Atlanta, GA 30342
Longleaf Subdivision
New Listing - 18 hours online
$1,200,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
4,915
SQFT
4131 Conway Valley Road NW
Atlanta, GA 30327
Buckhead Subdivision
New Listing - 19 hours online
$419,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,924
SQFT
Park Towers #2408
795 Hammond Drive
Atlanta, GA 30328
New Listing - 20 hours online
$299,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1,052
SQFT
1948 Sumter Street NW
Atlanta, GA 30318
WHITLEY HEIGHTS Subdivision
New Listing - 20 hours online
$140,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,604
SQFT
2375 Wallace Road SW
Atlanta, GA 30331
ENON FOREST Subdivision
New Listing - 21 hours online
$289,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,463
SQFT
1704 Fairbanks Street SW
Atlanta, GA 30310
Perkerson Park Subdivision
New Listing - 21 hours online
$575,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
4,175
SQFT
1974 Starfire Drive NE
Atlanta, GA 30345
Briarcliff Woods East Subdivision
New Listing - 21 hours online
$199,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,635
SQFT
1866 Broadwell Street SW
Atlanta, GA 30310
 
New Listing - 23 hours online
$207,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
772
SQFT
1280 West #2712
1280 W Peachtree Street NW
Atlanta, GA 30309
New Listing - yesterday
$178,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
705
SQFT
Commons At Ponce #12
673 Boulevard NE
Atlanta, GA 30308
New Listing - yesterday
$635,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,435
SQFT
2337 Hurst Drive NE
Atlanta, GA 30305
PEACHTREE HILLS Subdivision
New Listing - yesterday
$379,900
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,764
SQFT
1331 S Ponce De Leon Avenue NE
Atlanta, GA 30306
The Chimneys Subdivision
New Listing - yesterday
$439,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,152
SQFT
2231 Parkview Court NW
Atlanta, GA 30318
Parkview at Bolton Subdivision

Sandy Springs Homes for Sale

New Listing - yesterday
$169,000
Townhouse For Sale
Active
2
BED
3
TOTAL BATHS
1,326
SQFT
Avalon #C
105 N River Drive
Sandy Springs, GA 30350
New Listing - yesterday
$850,000
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
Address Withheld
Sandy Springs, GA 30327
Lake Forrest Subdivision
New Listing - yesterday
$350,000
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
2,064
SQFT
476 The North Chace
Sandy Springs, GA 30328
AUTUMN CHACE Subdivision
New Listing - 2 days online
$160,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,050
SQFT
Barrington Hills #310
310 Barrington Hills Drive
Sandy Springs, GA 30350
New Listing - 3 days online
$144,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
711
SQFT
523 Granville Court
Sandy Springs, GA 30328
Granville Condos Subdivision
New Listing - 3 days online
$360,000
Townhouse For Sale
Active
4
BED
3
TOTAL BATHS
2,532
SQFT
433 The North Chace
Sandy Springs, GA 30328
Autumn Chace Subdivision
New Listing - 3 days online
$549,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,874
SQFT
6180 Blackwater Trail
Sandy Springs, GA 30328
North Harbor Subdivision
New Listing - 3 days online
$249,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,600
SQFT
41 Dunwoody Springs Drive
Sandy Springs, GA 30328
The Arbor Subdivision
New Listing - 3 days online
$549,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
3,178
SQFT
4906 Northland Drive
Sandy Springs, GA 30342
High Point Subdivision
New Listing - 3 days online
$375,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,995
SQFT
1555 Sunnybrook Farm Road
Sandy Springs, GA 30350
 
New Listing - 3 days online
$510,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
3,164
SQFT
705 E Northway Lane
Sandy Springs, GA 30342
Northland Hills Subdivision
New Listing - 3 days online
$499,000
Single Family Home For Sale
Active
7
BED
4
TOTAL BATHS
4,304
SQFT
6680 Williamson Drive
Sandy Springs, GA 30328
Mount Vernon Woods Subdivision
New Listing - 3 days online
$630,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
2,981
SQFT
665 Edgewater Trail
Sandy Springs, GA 30328
Riverside Subdivision
New Listing - 4 days online
$565,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
3,344
SQFT
8360 Berkley Ridge NE
Sandy Springs, GA 30350
Northridge Forest Subdivision
New Listing - 4 days online
$545,000
Townhouse For Sale
Active
4
BED
5
TOTAL BATHS
3,500
SQFT
691 Lockton Place
Sandy Springs, GA 30342
Glenridge Heights Subdivision

Marietta Homes for Sale

New Listing - 30 minutes online
$735,000
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
4,939
SQFT
3388 Ebenezer Road
Marietta, GA 30066
 
New Listing - 18 hours online
$190,000
Commercial For Sale
Active
2,356
SQFT
411 Barber Road #NA
Marietta, GA 30060
 
New Listing - 18 hours online
$475,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,965
SQFT
1491 Wood Thrush Way
Marietta, GA 30062
CHESTNUT SPRINGS Subdivision
New Listing - 19 hours online
$269,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,363
SQFT
3621 Blackwell Run
Marietta, GA 30066
Blackwell Rd Subdivision
New Listing - 22 hours online
$439,900
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,414
SQFT
700 Mohawk Drive NE
Marietta, GA 30060
HISTORIC MARIETTA Subdivision
New Listing - 22 hours online
$315,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
2,627
SQFT
3757 Tulip Tree Road
Marietta, GA 30066
Heritage Farms Subdivision
New Listing - 23 hours online
$625,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,405
SQFT
312 Loring Court
Marietta, GA 30064
Oakton Subdivision
New Listing - 23 hours online
$469,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,595
SQFT
3036 Tottenham Lane SW
Marietta, GA 30064
Heritage Oaks Subdivision
New Listing - yesterday
$335,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,364
SQFT
4500 Woodlawn Lake Drive
Marietta, GA 30068
Woodlawn Lake Subdivision
New Listing - yesterday
$440,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,444
SQFT
738 Eagle Mill Court
Marietta, GA 30068
Princeton Mill Subdivision
New Listing - yesterday
$339,900
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
3,994
SQFT
2272 Woodridge Drive
Marietta, GA 30066
Fraser Subdivision
New Listing - yesterday
$84,900
Condo For Sale
Active
2
BED
1
TOTAL BATHS
882
SQFT
1391 Old Coach Road SW
Marietta, GA 30008
Bellemeade Commons Subdivision
New Listing - yesterday
$610,000
Single Family Home For Sale
Active
6
BED
6
TOTAL BATHS
5,082
SQFT
5001 Secluded Pines Drive
Marietta, GA 30068
Rose Oak Subdivision
New Listing - yesterday
$354,900
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
2,228
SQFT
2735 Okawana Drive SE
Marietta, GA 30068
Beverly Hills Estates Subdivision
New Listing - yesterday
$270,900
Single Family Home For Sale
Active
6
BED
4
TOTAL BATHS
3,135
SQFT
2819 Cobb Place Manor
Marietta, GA 30066
COBB PLACE MANOR Subdivision

Alpharetta Homes for Sale

New Listing - 16 hours online
$1,350,000
Single Family Home For Sale
Active
5
BED
7
TOTAL BATHS
9,309
SQFT
301 Traditions Drive
Alpharetta, GA 30004
Echelon Subdivision
New Listing - 18 hours online
$519,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,928
SQFT
230 Clipper Bay Drive
Alpharetta, GA 30005
WINDWARD Subdivision
New Listing - 20 hours online
$310,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,840
SQFT
2620 Wander Trail
Alpharetta, GA 30022
The Enclave At Milton Park Subdivision
New Listing - 20 hours online
$309,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,300
SQFT
125 River Point Court
Alpharetta, GA 30022
The Park at Rivermont Subdivision
New Listing - 23 hours online
$669,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,317
SQFT
201 Fairhaven Court
Alpharetta, GA 30004
Larkspur Subdivision
New Listing - yesterday
$290,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,906
SQFT
1095 Dalesford Drive
Alpharetta, GA 30004
Holleybrooke Subdivision
New Listing - yesterday
$320,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2,143
SQFT
11290 Ridge Hill Drive
Alpharetta, GA 30022
Roswell Mill Subdivision
New Listing - yesterday
$550,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,770
SQFT
5285 Hunters Oaks Drive
Alpharetta, GA 30009
Hunters Oaks Subdivision
New Listing - yesterday
$789,900
Single Family Home For Sale
Active
6
BED
6
TOTAL BATHS
6,700
SQFT
855 Autumn Close
Alpharetta, GA 30004
Crooked Creek Subdivision
New Listing - yesterday
$360,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,865
SQFT
320 Acreview Drive
Alpharetta, GA 30022
Kimball Bridge Crossing Subdivision
New Listing - yesterday
$349,999
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
2,284
SQFT
185 Thatching Lane
Alpharetta, GA 30022
Abbotts Landing Subdivision
New Listing - yesterday
$195,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,320
SQFT
Villages Of Devinshire #903
903 Sandringham Drive
Alpharetta, GA 30004
New Listing - yesterday
$195,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,320
SQFT
926 Sandringham Drive
Alpharetta, GA 30004
Villages of Devinshire Subdivision
New Listing - yesterday
$335,000
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
2,300
SQFT
2411 Tenor Lane
Alpharetta, GA 30009
Creekside at Westwood Subdivision
New Listing - yesterday
$500,000
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
3,284
SQFT
5645 Preserve Circle
Alpharetta, GA 30005
SEVEN OAKS Subdivision