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We dedicate this section of our blog to first-time home buyers. We know that this time in your life is just as exciting as it can be nerveracking.

Here you'll find all the information you need to buy the right home for you and your family (or your soon-to-be family, if you're the lucky newlyweds).  :o)  You'll have access to knowledge from the experts in the realty industry specializing in the real estate of Northeast Georgia and beyond.

Found 27 entries about First Time Homebuyers.

Over the next 12 weeks, this blog will focus on on the many parts of purchasing a home. We know that purchasing a home—whether it be your first or your fifteenth—can be stressful and confusing.

But it doesn’t have to be! We help people buy homes all the time! This series explores and explains the typical roadmap to purchasing a home. Some steps are more cumbersome than others, but if you know what to expect you won’t be taken off guard if (and when!) complications arise!

For the third part of this series, we'll be covering the costs associated with buying a home.

Four main costs are associated with purchasing a home: earnest money, home inspection, appraisal, and closing costs. First, let’s talk about earnest money.

Basically, earnest

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Over the next 12 weeks, this blog will focus in on the many parts of purchasing a home. We know that purchasing a home—whether it be your first or your fifteenth—can be stressful and confusing.

But it doesn’t have to be! We help people buy homes all the time! These 11 blog posts explore and explain the typical roadmap to purchasing a home. Some steps are more cumbersome than others, but if you know what to expect you won’t be taken off guard if (and when!) complications arise!

First off, we’ll talk about getting pre-approved.

Before you even start the home search, we suggest you get a pre-approval letter from your lender. The pre-approval letter basically says that your lender (the financial institution that will loan you the money for your

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If you're a college graduate, a newlywed, or even if you're a recent retiree, you may be looking to purchase your first home. Maybe you're just tired of paying rent! A lot of buyers are intimidated by the home buying process--even those who have purchased and sold a home before! Are these questions swirling around your head? 

  • What can I afford? 
  • What kind of city do I want to live in? 
  • How do I get preapproved? 
  • How do I find a reputable lender? 
  • How do I find a real estate agent that will put my needs first? 
  • Will my home ACTUALLY appreciate over time? 

These questions and more will be answered at our First Time Home Buyer Seminar. Homestar's Candice Crook will be leading an informational session where she'll cover the ins

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15 words to know

 

When you're buying and selling a home, it can feel like your realtor is speaking an alien language. No one likes being in the dark!


With us, education is the name of the game. Our agents know their stuff and will explain each step of the buying and selling process to you. Until you can meet with them, however, here is a tidy list of the 15 most important terms every buyer, seller, and eventual homeowner should know:

 

Buyer’s Agent

 A realtor who specializes in purchasing homes on behalf of the soon-to-be-homeowner. Buyer’s agents are generally paid commission from the home seller, and we've got three awesome buyers agents on our team.

Listing Agent

A realtor who specializes in selling homes on behalf of the homeowner. Listing

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It’s always worth a look to see how you can become more involved in your community whether you’re new to the area or if you’re looking for new experiences in your old stomping grounds. 

Just down the street you’ll find new friends and experiences! Often there is more to do in a city than you think. So how best to get out, meet people, and see more of the community you live in? Read on! 

 

Join a running club

Not only will you be treated to beautiful scenery, you’ll be surrounded with a group of supportive people and can socialize while achieving your health goals. You can find groups of all ages and skill levels. All you need is a pair of semi-decent running shoes and breathable clothing and you’re good to go! Run Georgia and Runners Fit

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According to local financial experts, the average the down payment for a home can range anywhere from zero (through USDA, VA, Physicians loans and the CRA First Time Buyer Program) to 10-20%. Every household is different, so before setting out on the home buying process we strongly recommend exploring all of your options. Often, this is best done by partnering with a financial expert to access money that you didn’t know you had.

 

Keep in mind also that there are a variety of payment sources that can help you quickly achieve your goals, including gifts from relatives (see our post on cash offers for more on that!), IRS and State Tax refunds, loaning against your 401k and even withdrawal from your 401k.

 

Let’s say you’ve already explored

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REFI's First Time Home Buyer Infographic

If you’re a young person in America right now, you may think it nigh-impossible to buy a home for you or your family. In reality, there’s substantial evidence that first time home buyers are purchasing homes at a relatively young age. Research in the First Time Home Buyers Guide shows that the average age of first time buyers is 32, and 35% of all homes sold are to first time buyers.

However, buying a home is not an easy choice. The process of setting your financials straight may well take over a year, but there are ways to minimize stress in order to make the transition as simple (and pain-free!) as possible. The same goes for non-financial elements as well. 

 

Buyer Loans

Most first time home buyers do not pay for their property outright

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man vs machine

Companies like OpenDoor, OfferPad, Redfin Now and Zillow Instant Offers are online real estate investment companies, commonly referred to as “iBuyers.” They’re hailed for taking the guesswork out of buying and selling homes, because they provide clients with quick offers at a seemingly fair market price.

The reality is those companies are NOT who you want to work with. iBuyers can’t replace real estate professionals for a number of reasons.

For one, sellers could get more for their home. iBuyers’ offers derive from an imprecise algorithm, meaning sellers aren’t getting the most for their home. These algorithms may gather data from the local and nationwide markets, but they do not even come close to the nuance that an experienced real estate

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confused homeowner

When you're in a seller's market, buying a home can sometimes feel impossible. There are a host of factors that—especially if you're a first time home buyer—can feel overwhelming and make you question whether or not you'll ever find the right home for you and your family. Fear not! While the real estate market is volatile and subject to turn on a dime, real estate professionals like The Bell Team make it their business to know where to turn your focus in order to land the right home no matter how difficult the market. For when you're buying in a seller's market, here are six principles to help you make it through on the other end unscathed.

First, it's important to have a good handle on your current situation before you march into the market. Have

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deliberating money

The question of buying versus renting is a complicated one, and one that depends on a few factors including (but, like always, never limited to) the stage of life you’re in, the market, whether you plan on moving soon, your preference for doing yard work, and a myriad of other specificities that can greatly complicate your decision to buy or rent. But fret not! This post will lay out the basic ins and outs and will give you a bird’s eye view of the road ahead.

Why rent? Renting affords someone greater flexibility, which is perfect if you expect major changes to be coming along that will necessitate an impending change of location. Moving on from a rental property is easy because you can simply move out at the end of your lease, rather than spend

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