First Time? by Miriam Pia
So there they are, a bunch of homes. What you also noticed was a lot of well trained real estate people. This can be a bit intimidating. You may feel like a child again, in a sense, because you feel naive.
That’s perfectly okay. So, today, we’re going to address beginner basics for people first developing an interest in home-buying.
Your anxieties are not entirely unfounded. For example, there is only a $50,000 difference between a $100,000 loan and a $150,000 loan. However, you may well discover that one agent will tell you that you can get payments of $330/month while another tells you it will more than twice that- $688/month for a home that costs only $50,000 more. Now, that sounds just crazy! You feel defensive: who is about to rip you off? You cling to your pocket book and glower at the agents with cuss words in your mind.
If you were a nervous child, now is when you receive the comforting hug from someone you can trust. Relax. We understand why it’s scary. In truth is that there are many reasons for these differences. Your agent knows all about all of ‘those other reasons’ but you don’t. It’s okay for you to know a bit more about it ahead of time.
There are main differences. These have to do with how much you can put down towards the home, the rate of interest that you will dealing with and the length of your mortgage. This is not too much information for you at all, but if an agent hits you with it all at once when you don’t even know what any of it means then you could just feel ‘beaten up’ afterwards, or just hopeful and afraid…”I just bought a house, but I don’t even know what hit me.”
Here’s the bottom line advice: ask those who’ve done it before and done it recently. If you have five people tell you what happened to them, then when you walk with the agents you’ll be able to tell more easily the ones who are helping you out and the ones who are out to sell you beyond where you really want to go.
For more information visit atlanta-homes-guide.com a Atlanta real estate agent.