By

Alpharetta Lease To Own

Lease To Buy In Alpharetta Milton GeorgiaAre you looking for a lease to purchase home in either the City of Alpharetta or Milton Georgia?

There may be a reason you are not ready to purchase a home in there area, before leasing to purchase. One reason may be that you do not yet qualify for a mortgage or that you are not completely sure where you want to live, since you are new to the area.

Alpharetta And Milton Lease To Own Properties In The Georgia MLS

A lease to purchase, is an option, rather you sign paper work to buy the property eventually, or choose to have an option to lease with an option not to purchase, in case you find that you want to move to another city of community.

By

Milton And Alpharetta Real Estate Market Report

Lets take a look at the 4 Zip codes that encompass the Cities of Milton and Alpharetta Real Estate Market Report. They are 30004, 30005, 30009 and 30022. The below chart is data for Single Family Homes only in these 4 zip codes and comparing closed sales, and the second graph is for active sales in the same 6 month time frame.

In the below charts, that will update with FMLS info every month, you will see the latest sold listings by month, in the last 6 months, and comparing the 4 above zip codes, as well as the numbers for active listings still for sale.

Active-Listing-All-Zip-Codes 1
At time of post, it appears that 30004 is ranking at the highest level as far as new listings on the market, while 30022 ranks highest with single family homes sold. This may change as this updates with more sold and new real estate listings, in this great area of North Fulton Georgia. Feel free to give us a call to get the latest Real Estate Market Reports for other properties types as well and visit our
RE/MAX Real Estate Web Site.

Sold-Listings-In-The-FMLS-Market-Stats-Alpharetta-Zips

By

Who Chooses The Closing Attorneys When Closing A Home?

Closing-Attorneys-For-Real-Estate-GA-1024x646
We often get the question who or how did our particular closing attorney get selected? The answer varies depending on the type of transaction. The bottom line is the client always has the right to choose a closing attorney if they so choose however it is typically to your advantage to allow either the agents or your lender to choose.

Here are some examples of different types of closings:

1. PURCHASE with NO seller paid costs:

In the event the seller is not paying any of your closing costs typically the agent(s) will select the closing attorneys. They do this as they have a well-established working relationship with the attorney and know they will get the job done. It’s a trust issue AND they know the fees will be reasonable. Since the relationship is typically long standing the attorney will work hard to make sure all is done in a timely fashion so as to maintain the relationship.

2. PURCHASE with seller paying closing costs:

In the event you’ve asked your seller to pay some or all of your closing costs it is typical that the seller would then choose the closing attorney. In this example the sellers real estate agent is who would choose the attorney not the seller themselves. Reason for this is same as #1 above. Relationship, expectations can be met, and costs are a known quantity so no surprises.

3. REFINANCE with a closing attorney:

Typically the lender will choose the closing attorney (with the clients permission of course). As a lender we typically reach out to excellent closing attorneys and negotiate a lower rate. The closing attorneys want the business and the lower rate means less costs for you the buyer. These savings can be as much as $400 per transaction.

As a consumer you have the right to choose your closing attorney. If you have a long standing relationship with an attorney just let your agent or lender know. If not we always suggest allowing us as your agent or lender give you some suggestions as we will typically know who does a great job.

To speak with a great Mortgage Company that we have great success with contact:

Max A Kallos
404-277-5884 phone
678-298-8947 fax
Visit: www.MyLHM.com
mkallos@mylhm.com

Recognized in ‘Atlanta’ Magazine as a Five Star Mortgage Professional

By

The Weiner Group Continues To Experience Tremendous Growth For 2013

The Weiner Group, headed by Deborah and Brad Weiner, are experiencing triple digit growth for 2013 in the real estate market. As of end of August 2013, The Weiner Group has closed over 100 transactions and 20 Million in transactional volume. Brad Weiner states “It’s been a banner year and we continue to enjoy working with all of the wonderful buyers and sellers who give us the opportunity and challenge to find ways to make their dreams happen.”

Deborah Weiner, who runs the marketing side of the business statesRemax The Weiner Group
“My passion is in building websites that are user friendly, yet pack powerful tools for the buyer or seller in today’s North Atlanta Real Estate Market. Keeping up with the speed of technology is quite a challenge, yet I have found ways to harness those opportunities and deliver them to our customers in an easy to understand format, providing them with tremendous tools in allowing them to easily search for their perfect home based on their own unique criteria”.

Read More

By

What Credit Score Do I Need And How Much Money Down?

As a RE/MAX Real Estate Professional, I am often ask by a buyer looking for a home, How Much Down? What credit score do I need? Allow me to let you in on a best kept secret!

A Little Secret

There is a misconception out there that buyers need a substantial down payment in order to buy a home these days, due to tighter lending standards or because of the “housing crisis” back in 2010. You may be surprised to learn that you can still purchase a home for as little as 3% down, or in some cases, for no down payment whatsoever, if the home is in a USDA area. Down payment programs include 3%, 5%, 10% or the conventional 20%.

As for credit score, lenders look for a median score of approximately 640. Factors also include annual income, job history and derogatory credit items. Even if you may have a foreclosure or short sale in your history, you may still qualify for a mortgage if it has been longer than 36 months and you have been current on all of your credit obligations.

Read More

By

FHA vs. Conventional Loan…What Is The Difference And What Is Best For You?

FHA is a government insured loan (meaning the government actually backs the loan in the event of default). FHA only requires 3.5% down which is a huge plus especially for first time home buyers. Most banks will lend on FHA loans as long as credit is over 640 (some banks will go lower) and some level of credit is established.

Typically banks want to see 2-3 tradelines (credit card, car payment, student loan payment, etc) for 12 months. This shows them you’ve managed credit/debt. The rates tend to be as good or even better than conventional. The down side is with new rules as of 2013 the monthly PMI never goes away as long as you have the loan. PMI is calculated at a rate of 1.35%…so on a $100,000 loan the PMI is $1350 a year….or $112.50 a month. That’s a big payment to add on to your mortgage.

Mortage Rates This Year Read More

Google+