The Atlanta real estate market is hot right now, which means many new people are moving to the city. If you are one of them or thinking about becoming one of them, there are things you need to remember when buying a new home in Atlanta.
1. Find a Good Agent
Buying a house is a big deal that involves many steps, loads of paperwork, and knowledge of many intricate details about the process. Even some of the most experienced investors do not know all of the ins and outs of buying a home, which is why it is important to work with a trusted Atlanta real estate agent. He or she should have a great reputation, know the Atlanta area inside and out and be available to you as much as possible. He or she can also help you find lenders, inspectors and even help you settle in once you sign the closing documents.
2. Know What You Can Afford
You may think you know how much you can afford, but you might be surprised when you actually apply for a loan. For this reason, the best thing to do is get pre-approved before you even start your search. Atlanta is home to a variety of homes that fall into a variety of price ranges. You might find a starter home or fixer upper OTP for under $100,000, but in a neighborhood like Tuxedo Park in Buckhead, homes range up to the tens of millions. Get an idea of what you can afford, and that will help you decide where to look.
3. Know What Type of Property You Want
Knowing what you can afford will also help you know what type of property you want. No matter where you choose to live in Atlanta, you will find mansions, fixer uppers, condos, townhomes, historic cottages, new construction and everything in between. Talk to your agent about your needs, such as a big yard for the pets or an extra room for your home office.
4. Get To Know The Area
Once you know if you want a house or a condo, a historic home or something newer, you can narrow down the neighborhoods in the city and check out the ones that fit your needs. Your agent should be more than willing to help you get to know the area and provide as many resources as possible. Check out the ones you like at various times of the day. Get out and meet the neighbors.
5. Focus on The Inspection
After you choose a home, the inspection should be a very important part of your final decision-making process. First, look the home over yourself. Consider any obvious issues like leaks, cracks in the foundation, or rotten wood. Next, hire an experienced inspector with a strong reputation to do the professional job. Your agent can help you find the right person. Always consider a second opinion if something does not seem right or if the inspector suggests hiring someone more skilled in a certain area like plumbing or HVAC.
To learn more about buying a home in Atlanta, contact Atlanta Fine Homes Sotheby’s International Realty at 404.237.5000.