Preparations and expectations when buying a luxury Atlanta home.
Becoming a homeowner is an exciting opportunity that comes with some challenges. While buying a home may seem like a daunting task, it doesn’t have to be. Once you grasp what preparations need to get done and what to expect from the buying process, your stress will melt away. Keep reading to see how you can attack this life-changing pursuit from all angles and end up in your dream home.
Figuring out what type of home you want is an excellent place to start. When buying a residential property, you have many options, including single-family homes, condos, townhomes, and multi-family buildings. Each option has its pros and cons and greatly depends on your homeownership goals. Think about the features and amenities you can’t live without. In addition, you’ll need to figure out which neighborhood is best for your lifestyle.
What kind of home you can afford and the type of mortgage you qualify for are major considerations. A lender will look at your monthly income, debt, and how long you’ve been working at your current job when deciding how much to lend you for a home purchase. Getting preapproved for a loan is key to working with a real estate agent and looking good to sellers.
Finding luxury real estate is no easy task. Sure, you can scroll through listings on Zillow, but how will you be sure that the home you’re eyeing is as fantastic of a deal as the seller claims? Are you getting ripped off? Do you know how to deal with all of the homebuying paperwork? Working with a company like Doyle and Goodrowe ensures a seamless transaction when purchasing luxury Atlanta real estate. Doyle and Goodrowe are more than Realtors® — they are well-versed in many real estate aspects and garner some serious results. This unstoppable team collectively made over $43 million in sales in 2021 alone, making them the ideal group to work with when seeking Atlanta homes for sale.
Once you’ve got your finances in order and the esteemed Doyle and Goodrowe team by your side, it's time to find a perfect home. You’ll sit down and give every detail about the type of home and neighborhood you wish to live in before your agent compiles a list. Once a list is put together, you’ll go to open houses and scheduled showings. If you haven’t found “the one” for any reason, you’ll sit down and re-evaluate your needs to find a perfect fit.
Once you’ve settled on a lender and applied, your financial information will be verified, including credit scores, employment information, debt-to-income ratios, etc. Shop around for a qualified lender and mortgage that suits you. Doyle and Goodrowe will happily give you a list of excellent lenders to contact.
Doyle and Goodrowe will help you conjure up an offer for the house and any contingencies. Once your offer is presented to the seller, they will either accept it or issue a counteroffer. When an agreement is reached, you’ll make a good-faith deposit and transition into escrow.
While you and your agent have already meticulously viewed the home from top to bottom, you could still miss some hidden repairs or flaws. Hire a trained professional to inspect the prospective home for safety, quality, and overall condition to ensure you are getting what you paid for.
Congratulations! You bought a luxury Atlanta home! Closing involves signing a decent amount of paperwork in a short amount of time, having the home appraised, doing a title search, obtaining private mortgage insurance, and finishing anything left undone. Now is the time for celebration! Contact Doyle and Goodrowe today to move into your dream Atlanta mansion tomorrow.
