NW Georgia Home Buyers

03/02/2018

01/30/2016

come view the home today - call me and make a large safe profit

10/10/2015

Having trouble getting enough of a discount on houses for investments? We've got you covered. We do a lot of marketing for off-market real estate deals and sell them at incredible discounts, as-is to investors. Why work so hard hunting down these needles in the haystack? We can do it for you.

Many times we are able to sell these houses at as much as 50% off full market value! Obviously, these great deals go fast, so make sure you subscribe to our site by filling out the form on the top of this page. Once you subscribe, you will have the option to tell us more about exactly what you are looking for. That way we know right away to contact you directly once we get something that matches your criteria.

http://nwatlantawholesalehomes.com/

Looking for awesome deals on super cheap houses? We have wholesale properties and investment houses for sale at 50% of value all the time.

09/29/2015

PRICE REDUCED FOR QUICK CASH SALE PROPERTIES

SAVE MORE THAN $10,000 WHEN BUYING YOUR NEXT HOME!

These are the information for the properties we reduced in price for quick cash sale!

1016 Coleman St SW, Atlanta, GA 30310

$22,000

For more info: http://nwga.craigslist.org/reo/5229331065.html




1764 Springview Rd NW, Atlanta, GA 30314

$28,000

For more info: http://nwga.craigslist.org/reo/5243993925.html


675 S Grand Ave NW, Atlanta, GA 30318

$18,500

For more info: http://nwga.craigslist.org/reo/5244034888.html



We have more discounted and great properties on our Website! Please sign up! Thank you!


http://nwatlantawholesalehomes.com/


Have a great day!

Contact info: Kyle Wells | Northwest Georgia Home Buyers | 2 Bed/ 1 Bath in Coleman Can Close Within 7 Days 1016 Coleman St SW, Atlanta, GA 30310 $24,000 KEY FEATURES Year Built: 1920 Sq Footage: 720

09/25/2015

Will Getting Pre-Approved for a Mortgage Hurt My Credit?

Shopping for a home loan means getting your credit pulled. There’s no way around it.

Without taking a look at your credit report, most lenders won’t be able to complete your pre-qualification, much less pre-approve you to purchase a home.

Granting lenders permission to pull your scores—yes, they need your permission—constitutes what’s known as a “hard inquiry.” To be sure, a hard inquiry can ding your credit.

But if there is a hit, it’s typically just a handful of points. Hard inquiries on your credit can be a troublesome sign. But the major credit bureaus also see the value of comparison shopping—and that’s why they cut home buyers some slack.

Let’s take a closer look at how shopping around for a mortgage will affect your credit and the smartest ways to limit the impact.

Hard vs. soft inquiries

Your credit report isn’t just a measure of your financial health. It’s also a powerful identity verification tool, which is in part why employers and insurance providers might also want a peek.

For consumers, that means the reason behind the inquiry plays a role. There are always exceptions, but the big difference between hard and soft inquiries generally lies in their potential to result in new debt obligations.

Hard inquiries can include:

Mortgage applications
Auto financing
Credit cards
Retail credit accounts


Soft inquiries can include:

Checking your own credit. You can get your free annual credit reports from AnnualCreditReport.com without dinging your credit, for example. And you can check your credit scores for free on Credit.com without a hard inquiry as well.
Services that check and monitor your credit (Be careful: Paid credit repair services generally don’t fall under this category and can be detrimental to your credit scores.)
Insurance providers
Employers


Other types of inquiries toe the line between the two. To be safe, you should ask about what type of credit inquiry will be made if you’re thinking about:

Signing a mobile phone contract
Setting up cable, Internet, or utility service
Opening a bank account
Increasing an existing line of credit


Creditors want to look at your hard inquiries, and for good reason: Every new debt takes a bite out of your monthly budget. If it looks like you’re making sudden, desperate attempts to borrow money, this can raise a red flag for creditors who may be worried about your ability to repay the credit they extend to you.

But don’t panic: Seeking loan pre-approval from multiple mortgage lenders isn’t going to kill your scores.

How mortgage pre-approval & hard inquiries work

Normally, a hard inquiry is a hard inquiry. Where things can change is if you’re rate shopping among multiple mortgage lenders.

First, it’s important to understand that pre-approval isn’t a binding step. You can work toward a pre-approval letter from as many lenders as you like.

Second, the credit bureaus have come to expect rate shopping. Rather than count every mortgage credit pull against you, most scoring formulas treat all of these hard inquiries within a certain time period as one, big credit pull.

The time frame varies depending on the scoring firm. For example, the newest FICO scoring models consider all inquiries within a 45-day window as a single hard credit pull. The older versions of the FICO scores work off a 14-day span, so ask the lender what scoring model it’ll be using.

That gives consumers a solid period of time to work toward pre-approval among multiple lenders. You’ll get a good look at their rates, terms, and estimated closing costs without worrying about your credit score taking a nosedive.

Also, FICO scores will ignore any hard mortgage inquiries in the 30 days preceding your scoring, so if you go to a second lender a week after getting pre-approved by the first, your hard inquiry from the first lender won’t be factored into your scores already.

Don’t let the fear of losing a couple of points from an inquiry keep you from starting the mortgage-shopping process. You can always have a chat with a mortgage lender about affordability and loan terms without having a hard inquiry, especially if you’ve checked your credit scores recently and know where you stand. Just keep in mind that different lenders use different credit scoring models to get you approved, so their estimates will be just that—estimates—until you ask for a hard inquiry to be done. The key to minimizing the impact of hard credit inquiries is to understand what they are and how they can affect you. Information is your best protection.

By
Credit.com

09/24/2015

Do This One Thing to Prepare for a Natural Disaster

No matter how you slice it, we live in a dangerous world. Most Americans live with the ongoing risk of disaster: hurricanes on the coasts, tornadoes in the plains, earthquakes on the West Coast, and wildfires out West, like the ones currently raging in Northern California that have destroyed hundreds of homes and claimed at least one life so far.

And yet, we have to settle down and live our lives. We choose our homes based on factors such as opportunity and affordability; we comfort ourselves with the notion that no place is entirely safe. So why run through endless “what if” scenarios of natural disasters striking your home? You can’t prevent Armageddon, so why dwell on it?

But here’s the news: You can be prepared. If a wildfire, hurricane, or other disaster wrecks your home, you could lose everything you own. Certain things—heirloom jewelry, family photos—can’t be replaced. But others (wide-screen TV, furniture) can, with reimbursement from your insurance company. And in order to get that reimbursement, it’s essential to have detailed information about your possessions—and many people just don’t.

So the one thing you can do to prepare for a natural disaster is to create a home inventory. While most homeowners hold insurance policies, many neglect to complete their home inventories—a recommended but rarely required step that eases the postdisaster recovery.

“To get your life back together, you need to have your belongings,” says Laurie Marinelli, a personal insurance manager at Murphy Insurance Agency in Hudson, MA. “Having a home inventory cuts the time in half in terms of getting the claim to go through.”

Compared to the old days (and by that, we mean—gulp—pre-Internet), creating a home inventory takes hardly any time at all. Before, insurance companies recommended maintaining detailed, paper-based records. But why risk it all getting lost, destroyed in a fire, or washed away in a flood? Here’s how to create your own digital inventory:

Use an app on your phone to log everything. Programs such as MyStuff2 and DreamVault will walk you through each of the steps. They provide an easy, cloud-stored way to assure your home inventory is always up to date.

Take detailed photos. Use your camera phone to take pictures of each room—down to the drawers and closets. While this may not replace a detailed log, it does make it easier to quickly review your belongings in an emergency.

Go room by room. Overwhelmed? Going through each room one by one—maybe over the span of a week or two—can be easier to handle. Plus, it will reduce the possibility of getting bored or tired and skipping over something critical, like your jewelry box.

Maintain a spreadsheet. Don’t want to store your inventory in the cloud? Log everything on a Microsoft Excel spreadsheet, organized by room, purpose, or function. Make sure to include the value of each item, as well as its age and condition.

Know what to log. While you’ll want to chronicle everything, you don’t need to get into the minutiae of that weird knickknacks basket in the kitchen. You can lump small items into categories (e.g., “dishes” or “spatulas”), but consider separating individual items of clothing. “People tend to forget what’s in their closets and drawers,” Marinelli says. “There’s a lot of value there, and you want to make sure you’re getting reimbursed for what you actually own.”

Keep a copy off-site. Marinelli recommends storing your inventory, whether it’s a physical copy of the spreadsheet or a flash drive with the Excel file, in either a bank safe-deposit box or the cloud. You can also email a copy to yourself with an easily remembered subject line (suggestion: “Open this if the world is ending”). “If you have a fire and your list is in your house and it gets destroyed, it’s all for nothing,” she says.

Update regularly. Logging everything is just half the battle: You’ll need to update your list at least yearly, or whenever you make a large purchase. Marinelli recommends keeping receipts to make the reimbursement process even easier. If you have trouble remembering to update your list every time you buy a big-ticket item, try scheduling an annual review after the holidays.

By
Jamie Wiebe

09/23/2015

5 Things Your Mortgage Broker Wishes You Knew

The financial side of home buying can sometimes feel like a nightmare in which you’re stuck in a calculus final that never ends—and you’ve forgotten the meaning of everything.

PITI (or principal, interest, taxes, insurance)? Prepayment penalties? Contingencies? “Confusing” is an understatement. We’re the first to admit that looking for a house is lots of fun—but paying for one? Not so much.

But if you have a solid mortgage broker to help tutor you through the process, you’re guaranteed to bring your A-game to the home-buying table. In addition to helping you find the best deal, a mortgage broker is also an invaluable resource for newbie buyers trying to understand how this complex, and often tortuous, undertaking works.

Here’s what your mortgage broker wishes you knew from the start:

1. Your broker should be the first one you call

When it comes to financial matters, your mortgage broker should be your first call—and you’re probably going to want to keep him on speed dial. He’s not there just to find you a loan; alongside your Realtor, he’s eager to guide you through the home-buying process.

“I want buyers to utilize me as their go-to person on all aspects of the transaction,” says mortgage consultant Joe Petrowsky of Manchester, CT.

When you’re navigating the murky, turbulent waters of homeownership (especially if it’s your first go-round), your mortgage broker will be able to provide personalized advice geared toward getting you to shore—safely, happily, and without leaking cash.

2. Have a team in place

Part of preparing to purchase a home is “putting a team together so when [buyers] start the process, they’re already locked and loaded,” Petrowsky says.

So who do you need on your side? A Realtor®, of course, but also a home inspector and attorney, all of which will be handy once closing time rolls around. When you’re already panicked about your budget, rising expenses, and just plain moving, not having to worry about finding a reputable attorney or home inspector gives you some peace of mind.

“Wouldn’t it be better to already know who you’re going to use?” Petrowsky asks. “People without a clear plan tend to have buyer’s remorse—they panic, they’re nervous versus ‘I’ve got my team in place.’”

3. Understand the rules about down payments

You can’t borrow money from a friend, and underwriters will review any large deposits to ensure they’re gifts—not loans.

A mortgage broker can help you figure out the best legal way to fund your down payment, but when it comes to financial regulations, things have to stay fully above-board.

“First-time home buyers short of cash think they can take money from their friend and use it and pay their friend back,” says Shashank Shekhar, the founder and CEO of Arcus Lending in San Jose, CA. Let’s be crystal-clear on this: “You can’t borrow a down payment—it’s just not allowed.”

If you’re using gift money to cover any part of your deposit, make sure it’s thoroughly documented.

4. Keep your mortgage broker in the loop

Speaking of documentation: Have a lot of it, and share it all with your mortgage broker.

“My favorite clients are the ones who ask me before they do anything,” Shekhar says. “Even if they think something is right, it might turn out not to be.”

Your broker will be intimately familiar with the financial regulations involved in buying a home, and thus will be better able to liaise between you and the underwriter when issues arise.

That goes for credit problems, too. If you’re having difficulty getting approved for a bank loan, try working with a mortgage broker first—and have all your papers in order.

“I don’t mind these kinds of challenges,” says Petrowsky. “I see it as an opportunity to prepare to be a homeowner. I go through every single item on a credit report and address what needs to be done.”

5. Don’t make any sudden changes

Once you’ve started the loan process, don’t make any major changes or purchases without speaking to your mortgage maven. And chances are good he’ll advise you to wait.

Any large expenditure or financial upheaval can delay your closing—or even result in a decline from the bank. Want to buy a new car? Dying for a spiffy new boat? Or maybe some fancy furniture for your new digs? Buying any of these big-ticket items could put your home loan at risk.

“Be sure your closing has gone through, and only then can you go ahead and make any major new purchases,” Shekhar says.

The same applies to new jobs: Even if you get an offer with a significant pay increase, you still shouldn’t start a new job during closing. Or even accept it. Try to put it off until after the close.

Many lenders require recent pay stubs (from the past 30 days), so taking on a new role during the home-buying process will mean pushing back the closing date, according to Shekhar.

Think you can hide this stuff from your bank? Many lenders do a verbal employment confirmation before funding your loan, and if they find any discrepancies, it can wreak havoc on your loan.

“Don’t change anything from the time you check with your [lender],” Shekhar says. “Don’t make any changes to your employment. Don’t even put in notice to your current employer.”

By
Jamie Wiebe

09/22/2015

In many housing markets, there is more demand than supply, which can create intense competition. Let’s say you’re pre-approved for an FHA loan and find a home you like, but your competition comes to the table with cash—here’s what you need to know.

Stigma tied to FHA loans

FHA loans unfortunately have a stigma that they are problematic and harder to obtain, due to their credit standards and property conditions for appraisals.

If we rewind the clock a few years, many listings on the market were short sales, foreclosures, and distressed properties. Buyers working with FHA loans typically had problems, because the FHA is very particular about a property being acceptable to meet health and safety concerns. However, in general, the types of properties on the market today are far different from the homes on the market just a few years ago. In other words, today’s listings tend more to have equity and meet appraisal standards.

Still, there’s a misconception that buyers working with FHA loans are not as strong on paper, due to having only 3.5% down, and the possible likelihood of buyers falling out of escrow because they cannot qualify. This can be taken care of upfront by making sure you are properly pre-approved with the loan application, credit report and giving the lender with whom you’re working full authority to review your financials to make sure you are bulletproof.

Furthermore, a good loan officer will call the listing agent (with your buyer’s agent’s permission) to let him or her know how qualified you are and ease any concerns about your qualifying integrity.

But let’s have a look at the competition you may face, and how to improve your odds. Many of these scenarios can also apply even if you have a conventional loan, so keep reading.

All-cash offers

No matter what, there’s a chance you will lose out on a particular home you’d like to purchase, because of someone making an all-cash offer that is more attractive than yours. This type of offer is considered the cream of the crop, as there’s no financing contingency and usually no appraisal contingency, which mean a quick, easy close for the seller.

However, an all-cash buyer may also try to make a lowball offer. If your real estate agent tells you there’s interest from an all-cash buyer, don’t let that be a deterrent. I’ve seen many situations where all-cash buyers are looking to get a deal. Just remember that all-cash buyers do not necessarily get preferential treatment, especially if they’re making a lower-priced offer on a home for which the seller’s motivation is to get the highest and best offer.

Loans with big down payments

Generally, a buyer with a conventional loan with 20% down looks stronger on paper than a buyer with less than 20% down. This usually means the buyer might be able to perform more easily, which can be appealing to a seller. While this might not always be the case, the general consensus among real estate professionals is that a loan with a bigger down payment is better. If you are working with less skin in the game, a higher offer from you—if it’s within your budget—may offset an offer from a buyer who has more money down.

Big bank accounts

If you can produce a bank statement showing you have additional funds in the bank, this can go a long way when negotiating a real estate deal independent of your down payment. A large cash balance in the bank is appealing to a seller, even if you’re taking out financing to buy a home. Perhaps it’s more advantageous for you to take out financing considering the tax benefits than it is for you to pay all cash for a home. There can be many reasons for your using financing to buy a home rather than cash. Even if you do not plan to use all cash, showing proof of funds to close makes a strong statement to a seller you are serious.

Seller motivation

When sellers list their home they consider the following:

Price
Speed
Flexibility


If you can match the seller’s expectations on all three of these, or even two out of the three, you increase your chances of getting your offer accepted. While price is important, speed may be more important, for example, if the seller is closing on a replacement property of his own, has a separate escrow, and is limited by a contractual timeline. Ultimately, cash and price go hand in hand. A reputable buyer’s agent and loan officer working in tandem can help convey your strength as a buyer to the listing agent and ultimately to the seller, to help get you in contract sooner rather than later.

Having good credit can also help position you as a strong buyer. If your credit isn’t all that strong, it doesn’t necessarily keep you from qualifying for a loan, but it can get you access to better interest rates, which can give you more buying power. If your timeline allows it, building your credit before you buy a home can be beneficial. If you’re just starting out, you can get an idea of where you stand by getting your credit reports and scores. You can get your free annual credit reports on AnnualCreditReport.com, and several resources offer free credit scores, including Credit.com.

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This article was written by Scott Sheldon and originally published on Credit.com.

09/21/2015

Let's admit it! We always Do it LATER!! Why don't we just do it when we have time?

Happy Monday Everyone!

09/19/2015

Happy Saturday! Enjoy your Weekend!

09/18/2015

GREAT INVESTMENT PROPERTY IN NEED OF TLC!!

http://atlanta.craigslist.org/atl/reo/5227359858.html

Contact info: Kyle Wells | Northwest Georgia Home Buyers | Great Investment Property just in need of TLC! 675 S Grand Ave NW, Atlanta, GA 30318 $21,900 KEY FEATURES Year Built: 1920 Sq Footage: 1240...

09/16/2015

Homeowners Insurance Can Cost You Twice as Much With Bad Credit!

In most of the country, a bad credit score can mean you'll pay twice as much for homeowners insurance than if you had great credit.