Atlanta New Home

Keep this in mind. If you buy a overpriced house at a lower interest rate is it easier to change the interest rate later or the amount you owe on the house? The answer; unless you have a bunch of money in the bank you can easily dump into the house later, its normally easier to refi the house later to get a better rate. People put to much emphasis on the interest rate on thier loan sometimes and don't think about how much they are borrowing or the deal itself. Most people don't think that the best way to lower thier payments is to pay down more on their principal balance. Personally, I would pay 18% interest on a property that was a great deal than 5% on a overpriced house simply because I would have more options available. If something went wrong after I bought the home, its easier to sell a house with plenty of equity in it than a house I paid to much for. In order to get rid of it, I would have to find another person who wanted to overpay for a house and then you would have to compete with the other houses in your area that are for sale at a lower price.

Truth is, there are just too many variables to give a simple answer here. My advice is to concentrate on the price of the home and the deal you are getting rather than the interest rate. Don't get me wrong, you want the best interest rate you can get but don't buy a house just because interest rates are low. Over the last 5 years, interest rates have been at thier lowest in decades but we still have a huge foreclosure problem, right? Thats because too many people bought houses that were overpriced with payments they really couldn't afford or the property value on the house they bought went down so much that it wasn't worth keeping. Don't fall into the same trap so many americans are now paying for.

Good luck.

2008-07-18 14:17:53 by mccray916

www.lucrativejobalternative.co m Discover home based business letting you travel the world, stay in 5 star hotels free, & get paid. Make $10000 ...

Should I hire a builder or just buy a NEW Home built with maybe a subdivision. Which would be more reasonable. I do not have the land. Any good builders?

New Homes are the way to go. Find a REALTOR you trust- they can save you thousands by knowing the inventory and how to negotiate your deal (plus they can help guide you through the process). They do make a commission, but typically if there is no REALTOR, builders kick that money back into their marketing budget, NOT to you- so you have nothing to lose!

They will know your market, have done these deals before, will know what lender is best for you, what layout suits your needs you describe to them, etc, etc, etc...

Most often, buying a home that has been built that someone backed out of has the most incentives because it becomes a liability to that builder. Check out a local REALTOR- if you aren't a phone person, search for local Blogs to learn more about agents. Good luck!!!

2007-03-26 19:13:46 by Alexis

Looking for a comprehensive website to show me a listing of open houses so I can start to look at houses within the $150-$200,000 range.

There is nothing comprehensive in ATL, but the AJC probably has the most listings. A Realtor will be able to show you many more than just the open houses, and is recommended when your search gets serious

2008-03-25 05:47:58 by darshunk

I bought a home in Atlanta, I rented it out, and before my new renter could get moved in...this guy moved in and will not leave. What do I do? He was never a renter, I don't have a clue who he is and he has set up housekeeping in my home. Furniture and all...

Have him arrested for trespassing.

2009-05-17 06:32:40 by hardhoustonprofessional

decent neighborhoods

$1m is a good factual number;
decent is a value judgment

for the taxes, contact the accessor's office in each applicable
county

2009-09-12 19:13:01 by Dave K