Steps to Buy Your Home in Atlanta

Steps to buy your home in Atlanta

Steps to Buy Your Home in Atlanta

1. Get a loan approval letter

These are the basic documents you will need to get a loan approval letter.

  1. The last two years of tax returns
  2. The last three months of bank statements
  3. Pay stubs for the last two months
  4. W-2 and or 1099 forms
  5. Employment and Rent verification
  6. Fill out Loan Application
  7. If requested provide authorization for Lender to run Credit check for you the Borrower and Co-Borrower if you have one

Upon providing these documents to a Loan Officer, you should request a loan approval letter.

 2. Find a Real Estate Agent

There are many Real Estate agents, you want to hire someone who is professional and works full time in the Real Estate business and is familiar with the area you are interested in buying your home. These are some duties of what a good agent will help you with:

  1. Find the right home for you
  2. Advise on the location of the property, find rankings of the local schools
  3. Submit and offer on your behalf to the seller
  4. Negotiate the best deal on the property he is found for you
  5. Negotiate any repairs needed on the home you are purchasing
  6. Coordinate the work with other professionals involved in the purchase such as: Real estate Attorneys, Home Inspectors, General Contractors, and Insurance Agents
  7. Solve any problems that come up during and after negotiations.

Good agents will make the buying process smooth and stress free for home buyers.

 3. Making an Offer

If you are borrowing money to purchase your home, before you make an offer, as mentioned in step one, you have to have the loan approval letter and needs to be submitted with your offer, this is really important to make sure the seller will consider your offer.

  1. Request and review the Seller’s Disclosure before making the offer
  2. Real Estate Agent will write the offer on your behalf
  3. Add earnest money, usually around 1% of the sales price, some home owners ask for more
  4. Request a Due Diligence period so you can inspect the house, usually seven to ten days.
  5. Add a closing date to the offer
  6. Select an Attorney to do the closing
  7. The Real Estate Agent will present your offer

    4. Upon Approval of your Offer

Once you have agreed the sales price with the seller, your agent should do the following items:

  1. Order an inspection report
  2. Submit a copy the contract to the Lender and the closing Attorney
  3. Order or Request a Termite Letter
  4. Submit Termite letter to lender
  5. Negotiate and repairs needed with Seller
  6. Ask Lender to order an appraisal on the property
  7. If needed request a property survey
  8. Get a Good Faith Estimate from Lender to find out how much money you will need at Closing
  9. Order a Hazardous insurance policy
  10. Be sure to ask the closing attorney to find if there are any other liens on the property

    5. Prior to Closing

Few days before closing your agent should double check the following Items:

  1. Make sure all negotiated repairs are completed
  2. Get a copy of final Loan documents and verify all amounts are correct
  3. Get a copy of the Hazardous Insurance Policy
  4. Have all contacts for utilities (Power, gas, water, phone, cable)
  5. Request a one year home buyers protection plan (optional)
  6. Request home buyer to purchase a certified check for down payment amount

    6. At Closing

Buyer should have the following information at closing:

  1. Arrive at Attorney’s office at least 30 minutes ahead of schedule
  2. Upon arrival, get a final copy of closing documents
  3. Review final closing documents
  4. Have certified check for the down payment
  5. Have copy of the hazardous insurance policy
  6. Have a copy your driver’s license or any other state issued identification
  7. Be sure to add Title Insurance prior to closing
  8. Make sure to obtain a copy of your home buyers protection plan if you ordered one
  9. Request any warranties from Home Owner, warranties for units such as: Furnace, Roof, Hot Water Heater, Garage doors, appliances and other items that come with the house
  10. Get all keys, garage door openers and any other instructions
  11. on how to operate the house
  12. Double check to make sure the Title is in the correct name
  13. Sign loan documents

    7. After Closing

Congratulations, you now are home owner, as in most cases, this is probably the largest purchase you have ever made and as such, this will be your biggest responsibility to take care.

At this point I recommend you to review the complete inspection report and address some of the items listed on this report.

Your Real Estate Agent should be able to recommend you contractors that can help you with the maintenance of your home.

Items to keep in mind after closing:

  1. File for a homestead exemption with your local tax office
  2. Request your Real Estate agent continue to monitor the value of your property
  3. Keep you closing documents safe, you will need them again at time of paying your state and federal taxes
  4. Change door locks if necessary
  5. 30 days after closing check your local tax office to make sure the property is in your name

This is in a nut shell the process of buying your first home in the Atlanta area. Other areas and or Estates may have different rules and regulations, but the majority of the steps will be the same.

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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 Information

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 - 2 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

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