Home Buying Advice

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Here are seven bits of home buying advice to keep in mind, even if you’re not actively looking for a home yet:

1. Scout out the area of the new home at different times of the day and night, weekdays and weekends. Get a good feel for the dynamics of the neighborhood.

2. Consider the school district the home is in, even if you don’t have kids. The better the school district, the higher the resale price could be.

3. Make sure your monthly mortgage and associated fees are no more than 28% of your monthly income. A higher percentage could place a strain on your budget.

4. Opt to buy one of the smaller, less expensive houses in the neighborhood rather than the largest or most expensive. These houses will appreciate at a higher rate and will be easier to sell.

5. Find out what the property taxes will be on the house. This varies widely from state to state, and county to county.

6. Hire a home inspector to detect any problems with the house which might cause financial strain in the future. Any problems could become negotiating points in making an offer on the house.

7. Prepare for buying a home by having money set aside for a down payment and other fees. The higher your down payment, the less interest you will pay.

8. Team up with a reliable real estate agent and mortgage banker to help you with this most important financial decision.

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About christinahammondhomes

Christina Hammond is currently a real estate agent for Keller Williams Greater Athens in Athens, Georgia. Her interests in real estate began when she was an undergraduate at Arizona State University, where she studied business and psychology. During her years at ASU, she apprenticed with one of the top producing real estate brokers in the area, learning the details of real estate sales in a large metropolitan area. This practical experience, combined with her university studies, further increased her interest in real estate as a career. Christina excels in developing close working relationships with clients that often grow into long term friendships. She has 15 years of real estate experience, the last 8 in the Athens area. As in Phoenix, she has fostered many connections with her clients and finds this part of her work more satisfying in this smaller venue. As Christina says, “It is enormously rewarding to help a client find a home that is right for them. Homes are the physical manifestation of many people’s dreams, and it is hard to express the satisfaction of helping someone find a home that they love.” Of course, selling real estate requires shrewd understanding of the market and competing forces. Such skills were honed through her academic experience, understanding legal contracts, business negotiations, market competition, etcetera. But from Christina’s perspective, real estate is fundamentally about the people, rather than just buying and selling. When she is contracted, her obligation to her client is paramount, and she will represent them as assertively as is necessary. Christina states, “You learn quickly that in a big city, as well as a smaller community, a great agent must be thorough and aggressive, so that the client can know that their interests are being managed effectively, and it allows them to relax and focus on the big picture.”
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