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*** 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!
2. The
convenience of a "lock and leave" lifestyle for the busy professional who works
long hours,
or travels extensively...empty nesters who no longer want or need
to maintain larger home spaces...individuals, couples and families who
seek to preserve their time away from the office 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. In fact, it is every bit as easy as getting a mortgage for a single
family home.
An almost countless list of loan
programs make mortgage loan money available for almost any
situation.
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 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. We
represent you although
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.
Thank you for your interest! Enjoy our website at
www.condoatlanta.com
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