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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 […]

First-Time Home Buyers Flock to the Atlanta BeltLine

Arguably one of the most ambitious projects of its time, the Atlanta BeltLine is already radically changing the landscape of Atlanta, both literally and figuratively, connecting neighborhoods and parks across the city. One effect of this massive project: a surge in new developments along the BeltLine, and surge in popularity among the connected neighborhoods. First-time homebuyers, in particular, are beginning to flock to neighborhoods along completed and developing segments of the Atlanta BeltLine, taking advantage of the affordable properties before prices begin to rise in earnest. What Is the Atlanta Beltline? The Atlanta Beltline is a project to revitalize a 22-mile loop of historic railroad corridors into a network of walking/jogging/biking trails, eventually interconnecting dozens of Atlanta neighborhoods and thousands of […]

Atlanta’s Favorable Market Attracts First-Time Home Buyers

If you are a first-time homebuyer in the United States, chances are you have at least taken a look at the Atlanta area, according to recent market research. As the Atlanta Journal-Constitution reports, Atlanta now ranks among the top cities in the nation for attracting first-time home buyers, among others like Orlando and Memphis. The analysis, conducted by Zillow, took several key metrics into account when evaluating the housing markets of major U.S. cities, including median home values, expected one-year appreciation rates and available inventory. The research concluded that many of the most favorable markets are concentrated in the South and Midwest. Other cities topping the list included Oklahoma City, San Antonio, Tampa and Birmingham, while some of the major […]

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7 Atlanta Neighborhoods with Median Home Sale Prices Under $1 Million

Atlanta is indeed home to some of the most affluent neighborhoods in the state of Georgia, with many multi-million dollar estates. However, compared to other major cities around the country, Atlanta real estate, overall, is still very affordable, despite the city’s rapid growth and booming economy. In fact, one of the biggest reasons why first-time homebuyers choose Atlanta is because they know they can get more home for their money while enjoying many of the same amenities and job opportunities that other large cities offer. The upshot? If you thought you couldn’t afford a decent home in Atlanta, you might want to take another look. Here are eight Atlanta neighborhoods where median home sale prices are still under $1 million. […]

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Five Reasons Millennials in Atlanta Should Buy a Home Now

Over the past several years, Millennials have effectively dominated the real estate market, accounting for at least one-third of all home buyers according to the National Association of Realtors. All indicators suggest this trend will continue for some time as more Millennials to find their own financial footing. However, the housing markets do not always coincide with buyer’s sense of “readiness,” and we are seeing signs that Atlanta’s housing market may be reaching a tipping point of accessibility. In other words, here are five reasons why the best time for Millennials to buy a home in Atlanta may be now, rather than later. 1. Prices are increasing (but still affordable by comparison). Healthy housing markets and growth rates almost always […]