First Time Homebuyers RSS Icon

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 24 entries about First Time Homebuyers.

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

76 Views, 0 Comments
Read Full Post

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

131 Views, 0 Comments
Read Full Post

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

62 Views, 0 Comments
Read Full Post

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

103 Views, 0 Comments
Read Full Post

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

161 Views, 0 Comments
Read Full Post

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

116 Views, 0 Comments
Read Full Post

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

152 Views, 0 Comments
Read Full Post

piggy bank

In the real estate market, there are definite and obvious advantages to paying for your new home with an all-cash offer. When the buyer produces the entire purchase price upfront—rather than from a lender—the seller knows that the buyer has the necessary funds to complete the transaction without the uncertainty that comes with other payment methods. 

Surprisingly, 29% of home buyers pay for their home with an all-cash offer.  And, often, these people aren’t filthy rich! Usually they are retirees with savings, or are individuals with enough equity in their homes and other investments to produce the cash necessary for purchase.

While an all-cash offer has its advantages, there are times when it’s not in your best interest.  So when should you make

128 Views, 0 Comments
Read Full Post

New Hall County Resident Guide

New to Hall County? We're so glad you've moved in. Even if you haven't moved just yet, you'll find this resource guide super helpful. We're going to cover all the essential information you need to know to help make your move to Hall County as seamless as possible.

Vehicle Registration

We'll start here because there's a process for you whether you're an in or out of state resident. If you've moved to Hall County from another Georgia location, just update your address with the Tax Commissioner's Office.

However, if you're from out of state, you do need to purchase a Georgia tag within 30 days of establishing residency. You can do this at the Hall County Government Center at 2875 Browns Bridge Rd, Gainesville, GA 30504, and you can call in

221 Views, 0 Comments
Read Full Post

Millennial Home Buying Habits

Millennials tend to be a big topic of conversation in every industry because they're the upcoming movers and shakers of the world... and that includes moving and shaking up the real estate industry. There are conclusions flying around out there about Millennials though claiming they have certain home buying habits. So, Millennials, we want to hear from you. What home buying trends match your style?

Let's start with a basic question. Do you want to own a home? Some of the media is fraught with news that Millennials don't want to become homeowners. But, according to research done by the National Association of Realtors' that's not so. In fact, 9 out of 10 people want to buy a home sometime in the future.

What about your home buying process?

131 Views, 0 Comments
Read Full Post