Home Buyers

Buying A Home Is Still Cheaper Than Renting In Metro Atlanta

According to recent data from Redfin, Atlanta Metro’s median monthly rent is currently $2,095. That’s $392 higher than the current median mortgage payment in Atlanta, which is $1,703 (*includes 5% down payment).  Redfin’s Chief Economist, Daryl Fairweather, states, “Those who choose to rent may save money in expensive housing markets in the near term, but …

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Achieving the Dream of Homeownership

Homeownership has long been considered the American Dream, and it’s one every American should feel confident and powerful pursuing. But owning a home is also a deeply personal dream. Our home provides us with safety and security, and it’s a place where we can grow and flourish. This week, we remember the legacy of Dr. Martin Luther …

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Knowledge Is Power When It Comes to Appraisals and Inspections

Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. But is that the best move? Buying a home is …

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5 Tips for Making Your Best Offer

5 Tips for Making Your Best Offer

In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams. Below are five things to keep in mind …

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Big Hit to Second Home & Investment Mortgages

Fannie Mae announced on March 10 that they are limiting new loan secured by second homes or investment properties to 7% of the overall loans they purchase. What does this mean to borrowers seeking investment/2nd home mortgages? Turns out, it means A LOT. While Fannie Mae did not add any new “loan level pricing adjustments” …

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Do I Really Need a 20% Down Payment to Buy a Home?

Do I Really Need a 20% Down Payment to Buy a Home?

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to …

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True Cost of Buying a Home

The True Cost of Buying a Home

As you begin to consider purchasing a new home one of the first things you should do is get an idea of what “the numbers” will look like.  Ultimately the 2 most important numbers will be (1) the monthly payment and (2) how much money you will need at closing, but there are a lot …

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The Cost of Waiting to Buy a Home

Spring is upon us so you might be thinking about selling your house again. In Atlanta, we finally had the first year-over-year increase in five long years. How much values increased (if they did at all) in your neighborhood depends on your specific area of Atlanta, but most of us experienced a pop in value. …

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