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 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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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

Price Change - 4 weeks ago
$198,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,601
SQFT
6796 Foxfire Place Place SW
Atlanta, GA 30349
COOKS LANDING Subdivision
Price Change - 3 days ago
$288,421
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,802
SQFT
673 Python Drive
Atlanta, GA 30349
Camden Manor Subdivision
Price Change - 3 days ago
$326,849
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,363
SQFT
7064 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$299,026
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
3,040
SQFT
7057 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
New Listing - 3 days online
$284,994
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2,200
SQFT
7044 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$329,990
Single Family Home For Sale
Pending
6
BED
4
TOTAL BATHS
3,363
SQFT
663 Python Drive
Atlanta, GA 30349
Camden Manor Subdivision
$310,270
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
3,236
SQFT
7024 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$309,473
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,544
SQFT
7014 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$301,438
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,040
SQFT
7007 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
Foreclosure
$215,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
3,080
SQFT
6629 Overlook Ridge
Atlanta, GA 30349
Cooks Landing Subdivision
$4,000,000
Single Family Home For Sale
Active
7
BED
9
TOTAL BATHS
15,159
SQFT
4690 Thompson Road
Atlanta, GA 30349
 
$12,500,000
Single Family Home For Sale
Active
9
BED
14
TOTAL BATHS
26,000
SQFT
4965 Butner Road
Atlanta, GA 30349
 
New Listing - 4 weeks online
$310,235
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,443
SQFT
555 Dutchview Drive
Atlanta, GA 30349
WHISPERING WILLOWS Subdivision
Short Sale
$195,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,639
SQFT
432 Hammock Loop
Atlanta, GA 30349
 
New Listing - 3 weeks online
$310,500
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
3,033
SQFT
510 Dutchview Drive
Atlanta, GA 30349
WHISPERING WILLOWS Subdivision
New Listing - 3 weeks online
$327,527
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
3,077
SQFT
455 Dutchview Drive
Atlanta, GA 30349
WHISPERING WILLOWS Subdivision
New Listing - 4 weeks online
$239,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,972
SQFT
400 Dutchview Drive
Atlanta, GA 30349
WHISPERING WILLOWS Subdivision
$274,900
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,487
SQFT
3200 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
$257,900
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,108
SQFT
3213 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
$271,500
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,487
SQFT
3239 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
$264,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,260
SQFT
3204 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
$261,500
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,108
SQFT
3243 Camden Court
Atlanta, GA 30349
Kingsland Subdivision
Short Sale
$225,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,676
SQFT
2927 Chilhowee Drive
Atlanta, GA 30331
Legacy at Cascading Creek Subdivision
$245,700
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
2,404
SQFT
3492 Dacite Court
Atlanta, GA 30349
Flat Shoals Manor Subdivision
$162,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1,800
SQFT
6679 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$162,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1,800
SQFT
6690 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$167,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,000
SQFT
2205 Creel Road
Atlanta, GA 30349
Heritage Park Subdivision
$169,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,000
SQFT
6683 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$174,490
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,217
SQFT
6790 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$169,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,000
SQFT
6735 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$162,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1,800
SQFT
6742 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$176,490
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,217
SQFT
6687 Mancha Street
Atlanta, GA 30349
Heritage Park Subdivision
$176,490
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,217
SQFT
2281 Creel Road
Atlanta, GA 30349
Heritage Park Subdivision
$162,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1,800
SQFT
2273 Creel Road
Atlanta, GA 30349
Heritage Park Subdivision
$169,490
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,000
SQFT
2285 Creel Road
Atlanta, GA 30349
Heritage Park Subdivision
$167,990
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,045
SQFT
505 Hererra Street
Atlanta, GA 30349
Heritage Park Subdivision
New Listing - 3 weeks online
$259,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,006
SQFT
4244 Sublime Trail
Atlanta, GA 30349
Pittman Park Subdivision
$1,599,000
Single Family Home For Sale
Pending
5
BED
6
TOTAL BATHS
5,200
SQFT
210 Rivermere Way
Atlanta, GA 30350
Gates on the River Subdivision
Short Sale
$129,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,162
SQFT
6111 Lamp Post Place
Atlanta, GA 30349
Buffington Park Subdivision
New Listing - 4 days online
$230,397
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,920
SQFT
5054 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
$224,420
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,920
SQFT
5001 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
New Listing - 4 days online
$231,352
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,976
SQFT
5065 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
New Listing - 4 days online
$228,110
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,950
SQFT
5048 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
$224,196
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,920
SQFT
5042 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
New Listing - 4 days online
$233,897
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,950
SQFT
5059 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
$226,696
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,950
SQFT
5044 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
New Listing - 4 days online
$229,852
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,950
SQFT
5057 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
New Listing - 4 days online
$236,397
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,976
SQFT
5055 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
$226,496
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,950
SQFT
5013 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
Price Change - 2 weeks ago
$232,586
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1,976
SQFT
5035 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
Price Change - 2 weeks ago
$230,526
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,950
SQFT
5037 Rapahoe Trail
Atlanta, GA 30349
Parkway Villages Subdivision
Short Sale
$115,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
1,912
SQFT
2180 Crossrail Drive
Atlanta, GA 30349
Fairfield Square Subdivision
Short Sale
$135,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,660
SQFT
4765 Buckeye Place
Atlanta, GA 30349
Creekside Subdivision
New Listing - 6 days online
$299,900
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,046
SQFT
4307 Bellwood Circle
Atlanta, GA 30349
Stonewall Manor Subdivision
$329,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,759
SQFT
4288 Bellwood Circle
Atlanta, GA 30349
Stonewall Manor Subdivision
$212,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,006
SQFT
5015 Buckeye Place
Atlanta, GA 30349
Creekside Subdivision
Short Sale
$160,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,808
SQFT
3027 Sable Run Road
Atlanta, GA 30349
SABLE CHASE Subdivision
$333,840
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
3,331
SQFT
6312 Jasper Way SW
Atlanta, GA 30331
Summit At Stonewall Tell Subdivision
New Listing - 2 weeks online
$365,535
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,905
SQFT
2912 Bluestone Drive SW
Atlanta, GA 30331
Summit At Stonewall Tell Subdivision
Price Change - 2 weeks ago
$359,837
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,433
SQFT
775 Red Wolf Run
Atlanta, GA 30349
Wolf Creek Chase Subdivision