Atlanta Home Buyers, You need someone who knows Atlanta like we do.

We’ll lead you to the home, community or property you want.

Buying a home is a milestone life event and it should be remembered as a rewarding and exciting experience.  Allen Snow Associates works hard to make your home buying experience the best it can be.  We provide buyers with the necessary tools and deliver those tools with patience, respect, and professionalism.

We also share the “Core Values” and “Mission Statement” of Atlanta Fine Homes Sotheby’s International Realty and we adhere to them with every client and through every step of the home buying experience.

Core Values:

  • Model the Golden Rule
  • Be a Positive Influence
  • Be Generous and Compassionate
  • Be Passionate 
  • Maintain Integrity Above All Else
  • Practice Good Stewardship

Mission Statement:

To guide and care for our clients throughout their home-buying experience by serving them as if we were doing so for our our own family.

 

The Home Buying Process

The search for a new home will go more smoothly if you do some advance assessment and decision making. Examine your desires, needs, hopes and dreams. Think about what you want, what you need and what concessions you are willing to make. Determine what type of home will work for your lifestyle and what your parameters are as well as defining what features are non-negotiable and what is open to compromise.

Creating a prioritized list will help guide your search and balance what is available on the market with what you want. A good place to begin is weighing how the following factors impact you and will influence your decision.  

• What are your objectives?
• What is your motivation to buy?
• What price range are you considering?
• What is your timeline to move?
• What are your ideal features and “non-negotiables”?
• What are you looking for in a neighborhood?

  • Pre-Approval 
  • One of the first things to do when beginning your home search is to speak to a lender and get pre-qualified and ultimately pre-approved for a loan.  Pre-qualification is an initial evaluation of your credit worthiness and is used to determine the estimated amount that you can afford to borrow.  Pre-approval is when the lender checks your credit and verifies your financial and employment information and documentation; this not only confirms your ability to qualify for a mortgage, but approves a specific loan amount (usually for a particular time period, such as 90 days).  Obtaining pre-approval early on is critical, since it is a determining factor for which homes are within your budget.

  • Find a Buyer’s Agent 
  • You will want to find an experienced real estate professional that is able to smoothly guide you through the home-buying process.  Buying a home is a major life decision, so choosing a knowledgeable agent with whom you can build trust, is a good listener and works in the area in which you would like to live is essential.  Choose a professional that understands your needs and concerns and will provide you with personalized service.

    When talking with your agent for the first time, expect a discussion about the type of home that you would like and share the prioritized list that you have put together. Discuss your needs and wants for desired features and location, price range, education systems, public transportation and highways, among others.

    If you are looking at a number of homes over a period of time then you might want to develop a rating system. Make a list of what you liked and disliked about each home. Your agent can help you with this process.  

    Once you have selected a Buyer’s Agent, it is important to sign a Buyer’s Brokerage Agreement.  Buyer Brokerage is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller. The Buyer Brokerage Agreement documents the Buyer Agent’s fiduciary responsibility to the Buyer.

  • Home Search  
  • Now that you are pre-approved and working with a Buyer’s Agent it is time to begin your home search. Both you and your agent should work in concert together to evaluate the available homes in the area you are searching. That includes an analysis of active, pending, and sold transactions to achieve a clear understanding of the available inventory that meets your criteria.   Browsing available homes online, reviewing listings sent to you by your agent, and receiving daily updates of inventory changes from your agent are the best ways to achieve that understanding.  

  • Purchase and Sales Agreement 
  • You have found the home you can’t live without and are ready to make an offer. Your agent will guide you through the next step of this complex process, including the art of negotiation.

    Your agent will direct you toward a price that both you and the home’s sellers can agree upon. A formal purchase contract, written by you and your agent and signed by you, will be submitted to the seller for review and consideration. During this step, compromise is vital; you want to arrive at a fair price where everybody is satisfied.  Rely on your agent to communicate and negotiate with all parties and help you to achieve the desired outcome. 

    Once the offer has been accepted by both buyer and seller, they enter into a legal contract known as a Purchase and Sale Agreement. This document outlines the specific terms and conditions of the transaction and is acknowledged by both parties by the signing of the document.

  • Financing 
  • You are already pre-approved, but now that you are under contract you will be working closely with your lender to obtain final loan approval.  It is important you, your real estate agent, and your lender communicate often to ensure timelines are met including financing contingency deadlines, appraisal deadlines, and the closing dates agreed to in the Purchase and Sale Agreement. To learn more about this process pay a visit to our preferred lender, Ken Folds with Bank South at http://allensnowrealty.com/partners/.

  • Inspections 
  • Once a buyer and seller reach mutual acceptance on a property, a home inspector is hired to investigate every nook and cranny to determine if the home is in need of any repairs. An inspector will check items, such as the roof, basement, heating system, water heater, air-conditioning system, structure, plumbing, and electrical. Afterwards, buyers will have a chance to negotiate with the sellers to cover the costs of certain repairs or to ask for concessions.

    Now that you are under contract it is time for a formal inspection of the home to detect defects or problems. Typically, an inspection is performed during the Due Diligence Period, which is a time frame negotiated between the Buyer and Seller and detailed in the Purchase and Sale Agreement.  The Due Diligence Period is basically a “free look” and is when all inspections should be completed. 

    A home inspection typically takes between 2-4 hours depending on the size of the home and the number of rooms, features and amenities. Many potential problems can be uncovered during the inspection.

    The home will be evaluated from the foundation to the rooftop and the inspector will check items, such as the roof, basement, heating system, water heater, air-conditioning system, structure, plumbing, and electrical. Afterwards, buyers will have a chance to negotiate with the sellers to cover the costs of certain repairs or to ask for concessions.

  • Closing
  • At closing, all the paperwork is signed by the buyer and seller, both parties pay any settlement fees and the documents are officially recorded. Prior to closing, you’ll receive a settlement statement outlining any fees which may apply to you. After closing is finalized and recorded, the home is yours!

 

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