5 Tips For People Buying Their First Athens Home In 2020

People looking to buy their first Athens home in 2020 may feel nervous, excited, and scared all at the same time. They may be making their lists of wants and needs, figuring out how much they can afford to spend, and deciding which neighborhoods they want to search in. We’ve rounded up the 5 best tips for people buying their first Athens home in 2020 to help give them a little guidance to get started.

EXPLORE FINANCING OPTIONS

There are almost as many different types of mortgages and down payments as there are houses. These days, buying a house doesn’t have to mean automatically putting down 20 percent of the home’s value and then paying a fixed-rate mortgage for 30 years.

For many homebuyers, conventional mortgages are still very attractive because they offer predictable terms and are available from a wide variety of lenders. You also have your choice of fixed-rate or adjustable-rate mortgages, as well as getting 30-year or even 15-year terms. Each choice has its own pros and cons, so be sure to take your time and thoroughly research.

While putting down as much as you can – without breaking the bank – is advisable for lowering your overall monthly payments, people can buy their first Athens home with 10 percent, 3 percent, or even no down payment depending on the type of program they sign up for.

There are a wide variety of lending programs and grants out there, and a good mortgage broker can help buyers find the one that meets their needs.

HIRE AN AGENT

An experienced real estate agent knows the local market and knows what to expect in houses being sold around Athens. They can be an invaluable resource for anyone looking to buy their first Athens house.

The right real estate agent can take a list of likes and dislikes and scour through available listings to find potential properties to show homebuyers. They keep their fingers on the pulse of the housing market and are ready to leap the moment something good shows up. An agent also can help a buyer know when a home is priced too high, or when it’s a good deal, and can assist in negotiations.

SET A BUDGET

This is the biggest thing that people buying their first Athens in 2020 home skip over. They may think they know how much they can afford, but they fail to take all factors into account.

The listing price is not exactly what will be paid every month, or the total cost of ownership. Making sure to factor in items such as taxes, any other fees, utility costs, as well as any potential upkeep gives a more realistic idea of whether or not a first-time homebuyer can afford a specific home.

BUY FOR TOMORROW

Many first-time homebuyers purchase homes for what they need today and fail to think about what they may need tomorrow. And, a few years and a couple of kids down the road, they’re suddenly house shopping again.

People buying their first Athens home need to take their future plans into account when shopping, including potential marriage, kids, pets, and even job changes, all of which can affect whether they choose one home over another.

NEGOTIATE

When buying a home, nearly everything is negotiable. Many first-time homebuyers think only the price is on the table, meaning they pass up the opportunity to get a lot more bells and whistles in the purchase.

Repairs, potential big replacements, appliances, and even home warranties all can be negotiated, and many sellers are more willing to throw in these items than they are to decrease the overall price.

Buying a home is stressful, especially for first-timers. Our team of professionals can help people buying their first Athens home in 2020 to get the right fit. Contact us today at 706-426-1082!

Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

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