Are you ready to be a homeowner? Tired of paying rent every month and having to deal with landlords? We get it, but before you buy your first home, make sure to check our list to ensure that you’re prepared.
When you are ready to buy a home get a free quote with us to get started! As local Georgians we are here to help with your next move and offer complete satisfaction guaranteed.
Atlanta Peach Movers: 770.447.5121
Mortgage and Down Payment
Before purchasing a home, make sure you have enough money to pay for the downpayment on a house and the monthly mortgage. We found a step-by-step guide for you on how to get a mortgage by RocketMortgage.com. Other costs to consider are home insurance, homeowners association fees, taxes, home repairs, renovations, and utilities. When purchasing a home in Georgia, realtor fees will cost around 5.76% of the sale. The listing fee is about 2.87%, and the Buyer’s agent fee is 2.89% totaling to approximately 5.76% on average in Georgia.
Credit Score
According to RocketMortgage.com, buyers should have a credit score of at least 620. While 620 is acceptable, a higher score is better, so that your estimated interest rate will be lower. Your credit score is determined by how timely your payments are, the length of your credit, and your overall credit history.
Consistent Income
A consistent income will help minimize the stress surrounding paying off your mortgage. Make sure to budget into your monthly expenses enough to pay for your mortgage. Use the mortgage calculator to estimate rates according to your zip code.
Planning to Stay
Before buying a home, make sure to spend some time in the area. If you have children check the for the Best School Districts in the city. If there is a specific area that you start to really enjoy, consider renting an Airbnb for a few days to see how you like the local stores, pubs, neighborhoods, and people. There can be a lot of upfront costs associated with buying a home, so most of the time, it makes more economic sense to live in the home for at least three years.
When you’re ready to be a homeowner, give us a call at Atlanta Peach Movers! With over 30 years of proven experience in the Atlanta area, a fleet of 38 vehicles and thousands of satisfied customers, we are your first choice for local, regional, national and even international moves. We are happy to help you reach your moving goals and plan for every step along the way.
Atlanta Peach Movers: 770.447.5121
