Beautiful homes and great weather are just some of the advantages of living in Central Georgia. High quality Education and exceptional Facilities for Physical Fitness and outstanding Sports Programs are just two of the many  more.

Keller Williams Realty Middle Georgia

Keller Williams Realty Middle Georgia
4851 Russell Parkway, Suite 800
Warner Robins GA 31088
Office: 478 333 5050  Cell: 478-461-5955





TOP

First be sure you are ready to own a home. Owning a home is a major step in your life. In order for the purchase to be the happy and satisfying experience it was meant to be, you need to ensure that you are financially and mentally prepared for the responsibilities that come with it. Some people feel that home ownership is like renting, but with the power to have pets and landscape the yard anyway you like. These privileges are available to homeowners in most municipalities. However, they come with the responsibilities of a mortgage, taxes and home maintenance. Preparing for home ownership requires you to take critical stock of your finances and your expectations.

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Are you ready to buy

Owning your own home is about more than just being able to decorate any way you like; it's about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance. It's about being willing to take the risks of home ownership with a realistic expectation of the rewards.  Get pre-approved for a loan before you start looking at properties. This will keep you from having unrealistic expectations and eventual disappointment

Setting The Price

It can be discouraging to find that your salary won't stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make home ownership a burden rather than a point of pride. It's better to buy a modest home now and look at purchasing your "dream home" in a few years.


 

What is your debr-to-income ratio?

This is something that lenders take very seriously. Your overall debt should not be more than 40% of your income, and your housing debt should not be more than 32%. What 32% of your income will buy depends on where you want to live. In rural or downtrodden areas for example, it can buy a very comfortable residence and ample acreage. In highly sought-after urban areas however, it may not even buy a 400 square foot bachelor suite.

What do you want?

Do you like the idea of cleaning your own gutters? Do you shudder at the thought of lawn care? Would you rather just pay a fee every month and have everything done for you? Would obeying rules about when you can have your garbage cans out bother you, or do you want to live in a neighborhood where everything is 'just so'? The answers to these questions can help you narrow down the search for the right type of property for you.

Shopping For Homes?


Once you know what community you'd like to live in and have an idea of how much house you can afford, its time to start checking out actual properties. Beginning this search online can help save you time since it can help you target homes that meet your search criteria.

Next, begin visiting homes in person. Ask Elizabeth to arrange visits, and attend open houses that are in your target area and price range.

When comparing homes, make sure to look at all aspects of the property.

• Is the property tax approximately the same?

• Are both the houses renovated?

• Do they both have the same amount of bedrooms and bathrooms?

• Are both houses located on the same or similar streets?

• Does either house have any encumbrances?

Remember to keep an open mind when you are looking at homes.



Making An Offer

Once you find the home you want, you need to make an offer for the house. Typically this is a very difficult and trying time since both parties have totally different goals. In most cases it is better to have a third party, such as your Real Estate Agent (Elizabeth Reed Filholm), negotiate the offer.

If you have any personal interaction with the homeowner, don't give out any information about your move, your current housing status, financial status or your feelings about their property - positive or negative. This could hurt you in future negotiations.

Inspection & Insurance



After your offer is accepted you will need to set up, coordinate and interpret various inspections, including insect, radon, building quality, oil tank, title, etc. It is not only  important to get a home inspection, but of finding a good home inspector to do it for you. Talk to past clients of the inspector that your Agent recommends.

You will also need to arrange for homeowners insurance and finalize the mortgage. This is a major step in the buying process and there are many potential problems that can be discovered during this period. These include a leaky roof, radon gas, termite damage, a foundation problem, and wall cracks, to name a few. These problems happen all the time. The difference between closing on your dream home and starting the process all over again is what occurs during the negotiations between you and the seller.

Elizabeth can help make these discussions go more smoothly. In most states you will also have the option of a "walk through" before the closing. This is your last chance to make sure that all of the items that you have agreed upon were completed to your satisfaction.


The Final Closing



Make sure all the necessary paper work and deposits have been completed prior to your arrival at the closing, . If the mortgage, title work, homeowners insurance and other items necessary under local and state laws are not completed and brought to the closing table, the closing may not happen on time. This could result in further action including financial penalties and even the loss of your rights to the home depending on what the contract says,.
Once you close, - you own the house!
But there might be a few things you want to do before you lay out the welcome mat.

These include:
• Arranging for an alarm system
• Turning on the electricity
• Subscribing to the local paper, cleaning or replacing the carpet
• Arranging for lawn services, etc.

This could also be a good time to make some needed renovations.

When you turn to Elizabeth Reed Filholm, your home search will go smoothly: from start to close.