Frequently Asked Questions

What are the steps to buying a home in Georgia?

Buying a home in Georgia involves several steps to ensure a smooth process. Firstly, it’s essential to determine your budget and obtain mortgage pre-approval. Next, enlist the help of a reputable real estate agent who specializes in the Georgia market. They will assist you in finding suitable properties, negotiating offers, and guiding you through the closing process. Additionally, conducting thorough inspections and securing financing are crucial steps before finalizing the purchase of your dream home in Georgia.

What is the process for purchasing a foreclosed/foreclosure home in Georgia?

Buying a foreclosed home in Georgia can offer potential savings, but it requires understanding the specific procedures involved. First, identify foreclosed properties through online listings or foreclosure auctions. Once you’ve found a property of interest, conduct thorough research, including inspections and title checks. If you’re buying through an auction, be prepared to pay in cash or with financing pre-approved. Working with a knowledgeable real estate agent experienced in foreclosures can streamline the process and help you navigate any potential challenges.

What precautions should I take when buying a home in foreclosure in Georgia?

Purchasing a home in foreclosure in Georgia can present unique opportunities and challenges. It’s essential to exercise caution and conduct thorough due diligence before proceeding with a purchase. Begin by researching the property’s history, including its foreclosure status and any outstanding liens or encumbrances. Engage qualified professionals, such as real estate agents, inspectors, and attorneys, to help assess the property’s condition and legal status. Secure financing pre-approval and be prepared for potential competition at foreclosure auctions. By taking these precautions and seeking expert guidance, you can navigate the process of buying a home in foreclosure in Georgia effectively.

Can I still buy a home in Georgia with bad credit, and if so, what are my options?

While having bad credit can pose challenges when buying a home in Georgia, there are still options available to prospective buyers. One approach is to work on improving your credit score by paying down debts and addressing any errors on your credit report. Additionally, exploring alternative financing options, such as FHA loans or government-sponsored programs, may provide opportunities for individuals with lower credit scores. Consulting with a reputable mortgage lender who specializes in assisting buyers with bad credit can help you explore potential pathways to homeownership in Georgia.

Do you specialize in working with investors, sellers, or buyers in Georgia?

Yes, I am licensed to assist anyone interested in buying or selling residential and commercial properties in Georgia. As a buyer specialist, I am particularly focused on supporting millennial, first-time, and minority home buyers.

Can you help me find off-market properties in Georgia?

Absolutely! At SAVVY Estates, we have established strong relationships with specialists who provide access to off-market properties. These properties are not publicly listed but are available to our clients upon signing a Non-Disclosure Agreement.

Do you offer services for renters in the Metro-Atlanta area?

While my primary focus is on assisting clients with buying and selling properties, I also help individuals find high-quality rentals, including high-rises, lofts, and townhomes, in the Metro-Atlanta area.

Are you open to accepting Metro-Atlanta client referrals?

Absolutely! We welcome referrals and assure you that your referrals will be in great hands. Please connect with us via email at [email protected] to get started.

How did you prepare for the real estate exam?

Studying for the real estate exam required dedication and preparation. I opted for self-study and utilized resources such as the online classes offered by the Georgia MLS Training Institute. Additionally, I created study notecards and attended a 2-day cram course to enhance my exam readiness.

How long after bankruptcy can someone qualify to buy a property?

The timeframe for qualifying to buy a property after bankruptcy varies depending on the type of bankruptcy filed. For Chapter 7 bankruptcy, most lenders require a waiting period of two years from the date of discharge. Different loan types have specific waiting periods:

  • FHA 2 years from discharge
  • COV 4 years from discharge
  • VA 2 years from discharge
  • USDA 3 years from discharge

For Chapter 13 bankruptcy, the waiting period may be shorter:

  • FHA/USDA- 1 year payout w court approval
  • COV – 2 years discharge, 4 years dismissal
  • VA – after completion