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The Emerging Affluent Guide to Atlanta Real Estate

Over the past few years, a younger generation has taken a dominant share in the home buyer’s demographic. These buyers, predominantly millennials in their late 20s and early 30s, are an “emerging affluent” class that comprised approximately 34 percent of the market share last year, as NBC News reports, with nearly the same percentage represented over the past four years. Despite adverse factors like high student loan debt and lower paying entry-level jobs, these emerging affluents are eventually finding their financial footing and buying homes in sought-after locations with thriving markets, such as Atlanta. Here’s something even more surprising: Emerging affluents aren’t just buying so-called “starter” homes; suburban developers are reporting a spike in younger adult home buyers. In fact, […]

Tips for Buying Your First Atlanta Home

Atlanta has seen remarkable growth in recent years — a combination of a booming job market, an emerging film industry, a mild climate and reasonable home prices in comparison with other major cities. That said, if you are a first-time homebuyer — or if this is your first Atlanta home — you might face a bit of a learning curve as you navigate the sometimes complicated process of buying a home. Here are a few tips to help steer you straight. First, figure out your finances Money issues can derail a home-buying process more consistently than any other obstacle, to the point that many sellers today will not take you seriously as a buyer unless you are pre-qualified for a […]

Atlanta Skyline at Twilight

Where to Buy a Starter Home in the South

For first-time home buyers or those looking for a starter home on a budget, many places in the southern states offer affordable home costs compared with the national average. However, when you take into account factors like a thriving job market, low cost of living, cultural opportunities and the like, we can’t recommend the Atlanta metro area enough as an excellent place to buy. Why Buy a Starter Home in Atlanta? Metro Atlanta is unique in that it offers most of the same opportunities and amenities of other major cities while still affording a relatively low cost of living. Even as Atlanta’s housing market flourishes and increases in value, there are still plenty of highly affordable neighborhoods – including those […]

Atlanta Intown Condos

What Millennial Home Buyers Look for in an Atlanta Property

The millennial generation (loosely, people born between 1981 and 2004) has become the biggest segment of home buyers in the real estate market (34 percent, according to the NAR). Atlanta is no exception to this trend. In fact, as recently as 2015, Money Magazine ranked the ATL the second best city for Millennials, due in part to its thriving job market, low cost of living and vibrant social scene. But what do these millennial home buyers look for in an Atlanta property? If you plan to sell this year, what can you do to make your home more attractive to this generation of first-time homebuyers? Northshore Fireplace recently conducted a survey of 1,000 millennials to discover their top priorities when […]

How to Get Pre-Approved for Your First Home Purchase

Your first home purchase can be both an exciting and a daunting experience. In addition to the physical task of house hunting, there is the paperwork, waiting and stress involved in getting the mortgage loan. You can simplify this process profoundly by getting pre-approved for your home loan; in fact, most sellers today prefer that you have a pre-approval letter from the bank before ever making your offer. Pre-Qualified vs. Pre-Approved Many people interchange the words “pre-qualified” and “pre-approved,” but they are not the same thing. Pre-qualification is primarily for your benefit; the lender or mortgage broker simply asks you a few questions about your income, expenses, debt and expected down payment to give you a ballpark figure of how much […]