Before moving to a new city or state, it is important to have decent background knowledge of the real estate. There are a few different factors to consider in regards to your relocation to Athens. All My Sons, your premier moving company in Atlanta, is here to answer your most frequently asked questions about Athens, GA real estate.
What is title insurance?
Title insurance is an insurance policy offered to protect the title on a home. There are two different types: lender title insurance, which protects the lender, and owner title insurance, which protects the home buyer.
Should I be using Zillow?
Zillow uses data from the MLS for their information, which is sometimes distorted or delayed. It is best if you refer to an Athens, GA real estate Home Sales Report for the homes that were sold over the past 30 days to get an accurate reading for the final sales prices of houses in the area.
Should I be using a real estate agent?
Your moving company in Atlanta suggests using a real estate agent when buying a new home. They are there to help provide guidance and the most current, up to date information about a home or area you may be interested in. Keep in mind that not all realtors are the same. It is wise to do your research!
Who pays the realtor fees?
There are no guarantees as to who pays the realtor fees when you are buying a new home; however, in most cases, the seller of the home pays the realtor fees.
Should I talk to the bank before I look at Athens, GA real estate?
Yes, and you should get pre-approved as well. There are also first time buyer programs available if this is your first time buying a new home. The first step in buying a home should be a mortgage pre-approval.
How can I tell the age or history of the home I am interested in?
If you are working with a realtor, they should be able to find the dates of the furnace, water heater, and air conditioning unit just by looking at the serial numbers. You can find out the age of the roof by asking the home owner. For any other mechanical items, you can check serial numbers.
How long does it take to buy a home?
It typically takes about 30 days to find a house, get your offer accepted, and close the deal.
Do I need a good credit score to purchase a home?
Yes. A 620 credit score, or higher, is recommended when buying a home. There are some lenders approve buyers with lower credit scores, and loan requirements are always changing; however, it is best to have a higher credit score.
How much money do I need for a down payment?
Depending on the type of your loan, you usually need about 3% to 5% of the purchase price to put down.
When do I finally get the keys to my new house?
If the entire closing process goes as planned, you get your keys at closing.
Buying a home is a great accomplishment. All My Sons, your white glove moving company in Atlanta, encourages you to have fun during the entire process.