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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, travels extensively...empty nesters
who no longer want or need to maintain larger home spaces...individuals,
couples and families who seek to preserve their "off time" 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, but
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!
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