Looking to buy a home in the near future? Listen up! These are the top five money mistakes that can jeopardize your purchase:
New Loans
Once you have secured financing, do NOT open any new lines of credit. This means no new store credit cards, car loans, or financed purchases of any kind. If your new home needs new furniture, either use cash or wait until 30 days after closing so your debt-to-income ratio does not change. After all, the furniture won’t do you any good if you can’t buy the house to put it in.
Missed Payments
Make all your standard monthly payments on time. Just before closing is not the time to be forgetful about that credit card bill you’ve had since college. Keep your credit score impeccable and unchanged in the
This past weekend brought an unexpected blast of winter to North Georgia, reminding us all that no matter what happened on Groundhog Day, Spring is still many weeks away. Maybe you’ve heard that the best time to buy or sell a home is during the busy spring market, traditionally the hottest time of year in real estate. However, in 2020 that old “rule” has been upended.
January 2020 was one of the busiest on record for Peggy Slappey Properties agents. Traffic in new home communities is way up from previous years at the same time, and resale properties – especially in Gwinnett County – are hot. This is great news for the metro Atlanta real estate market, and even better news for both buyers and sellers.
It's the start of a new decade in a new year, the very first Monday of 2020. It's time to get started on those New Year goals. Is home ownership on your list for 2020? Peggy Slappey Properties is here to help!
Identify Why You Want to Move.
Do you need more space? Less? Are you living with family and simply ready to move into your own home? Some people move because they want fewer neighbors, some because they like the security of having more neighbors nearby. Maybe you don't like the school district where you now live. Perhaps you need to be closer to a family member. Each element of why you want to move plays a big part in how your home search will begin, where you'll start looking, and how much you can expect to pay.
You are invited to three free Continuing Education (CE) classes in three outstanding Peggy Slappey Properties new home communities. Lunch will be provided and, as always, there will be great giveaways at every event. Attend two of the three events, and you’ll be entered to win the Grand Prize: an Apple Watch Series 4! To RSVP for any event, visit www.psponline.com/three-for-free or contact the agents listed below.
Lake Rockwell
The first free CE and agent luncheon takes place on Tuesday, September 10th at Richardson Housing Group’s newest community in Winder, Lake Rockwell. Homes here start in the high $200’s with up to five bedrooms. Lunch is catered by Chick-fil-A and served at 11:30 a.m. The class will start at 1 p.m.
Check out this outstanding opportunity from Fidelity Bank Mortgage, now available in three Metro Atlanta new home communities, where a low, low interest rate could save you thousands. You must act quickly, though, because this offer will expire soon. Right now, lock in your rate at 3.99% on a conventional, 30-year, fixed-rate mortgage*! EMC Homes welcomes you to three of their Metro Atlanta communities where this interest rate is available with a beautiful new home:
Old Hickory Village
2037 Gazebo Lane, Snellville: A hard-to-find ranch plan with a finished basement, this four-bedroom, three-bath home is packed with great features. With an open-concept layout, the home is complete with hardwood flooring in the family room, kitchen, dining
Check out this outstanding opportunity from Fidelity Bank Mortgage, now available in three Metro Atlanta new home communities, where a low, low interest rate could save you thousands! You must act quickly, though, because this offer will expire soon. Right now, lock in your rate at 3.75% on a conventional, 30-year, fixed-rate mortgage with a 1% discount*! With FHA financing, the rate is even better, at 3.5% for qualified buyers*!
Working with award-winning area builders, Fidelity has made these great rates available to qualified buyers now in three beautiful communities:
The Gates of Braselton
The Gates of Braselton is a gated community with resort-style amenities, including swimming pool, tennis courts, and a clubhouse complete with a
It’s the first day of Spring, and all over Metro Atlanta “For Sale” signs are popping up in front yards as more people plan to take advantage of the busy spring market. More homes for sale will inspire more buyers to jump in, too, and competition can get fierce. Already, our agents are reporting an increase in multiple offer situations, and calls for “highest and best” happen daily. How can you, as the buyer, be a top contender and, hopefully, the winner when it comes to the home of your dreams? Not surprisingly, your financial health plays a big role in making you an attractive buyer.
Examine Your Finances
If you’re like most buyers, you’ll need to secure financing with a lender before you can buy. Before speaking with one, gather all the
Are You Ready to Sell? The decision to sell your home can be difficult. You love your neighborhood, your kids’ school system, and the neighborhood pool, but you’re just too far away from work. That commute is killing you. Or maybe your family has grown and your lovely little house seems bursting at the seams with…people. There are plenty of reasons to sell, but making the decision can be overwhelming without asking a few questions to put it in all perspective.
How healthy is your financial situation? Whether you are looking to move up or downsize, your credit score and savings are important factors. A PSP preferred lender can examine your finances as a whole and help you to determine your loan eligibility and what your monthly payments will
Sometimes buyers sabotage their own home closing by making easily avoidable mistakes. These are the top five money miss-steps that can jeopardize your purchase – and they are all within your personal control:
New Loans
Once you have secured financing, do NOT open any new lines of credit. This means no new store credit cards, car loans, or financed purchases of any kind. If your new home needs new furniture, either use cash or wait until 30 days after closing so your debt-to-income ratio does not change. After all, the furniture won’t do you any good if you can’t buy the house to put it in.
Missed Payments
Make all your standard monthly payments on time. Just before closing is not the time to be forgetful about that credit
Most people start their search for a new home by swiping through photos online. This is a great way to get excited about the possibility of a new home, but the best place to start is by deciding how much you can spend. That’s why every good REALTOR® will ask, “Are you pre-approved for a loan?”
Price matters – so much so that it could mean you’ll need to look in different locations, or at town homes instead of detached homes. Or maybe you can afford more house than you think. The only way to find out is to speak to a qualified mortgage expert and get that magic pre-approval letter.
Most buyers use some sort of financing to purchase their home. The amount you qualify for is a huge determinant of what kind of home you can buy and the location
