Purchasing and owning a home is a big responsibility and shouldn't be done lightly. It is always best to be prepared for home ownership. If you are interested in contacting a real estate professional in Augusta Ga, view Augusta Ga Real Estate Professional. Here are some steps to take to get prepared:
- Contact a REALTOR®. Find an experienced REALTOR® who can help guide you through the process. To find a Realtor® in the Augusta Ga area, view Augusta Ga Realtor®.
- Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.
-Develop your home wish list. Then, prioritize the features on your list.
- Location, Location, Location. Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety. For more information about what is available in the Augusta Ga area, view Augusta Ga Homes.
- Calculate the costs of homeownership. This should include property taxes, insurance, maintenance and utilities, and association fees, if applicable.
- Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don’t forget to factor in closing costs. Closing costs — including taxes, attorney’s fee, and transfer fees — average between 2 and 7 percent of the home price.
- Get your credit in order. Obtain a copy of your credit report to make sure it is accurate and to correct any errors immediately. A credit report provides a history of your credit, bad debts, and any late payments.
- Determine your mortgage qualifications. How large of mortgage do you qualify for? Also, explore different loan options — such as 30-year or 15-year fixed mortgages or ARMs — and decide what’s best for you.
- Get preapproved. Organize all the documentation a lender will need to preapprove you for a loan. You might need W-2 forms, copies of at least one pay stub, account numbers, and copies of two to four months of bank or credit union statements. To get in contact with a Realtor to help get pre-approved, view Augusta Ga Realtor®.
For more information on owning a home or real estate in the Augusta Ga area contact:
Sherri Melton - Realtor
2013 KW Quadruple Gold Sales Award-Over 11 Million in Sales in 2013
Associate Leadership Council Member 2007 - 2014
Accredited Staging Professional - IAHSP Member
Keller Williams Realty Augusta Partners
3633 Wheeler Rd., Suite 125
Augusta, GA 30909
Cell/Text 706.495.1135
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