Atlanta, GA Real Estate

Atlanta, Georgia’s capital city and a major Southern financial and creative hub, remains a city of the future and one of the top five cities for relocating young professionals to call it their home. Atlanta’s strategic location in the foothills of the southern Appalachians in north-central part of Georgia, its mild climate, physical beauty and job prospects have been instrumental in attracting large numbers of settlers making it a sought-after destination for home owners. The average estimated value of a home in Atlanta, GA was $274,281 in May 2009, up 0.05% from April 2009. Currently Atlanta has an average listing price for homes for sale of $444,954.

Atlanta comprises of two County Areas: 10 County Region, covering Clayton, Cherokee, Henry, Cobb, Douglas, DeKalb, Fayette, Gwinnett, Fulton, and Rockdale counties; and a 20 County Area including Barrow, Carroll, Bartow, Coweta, Hall, Forsyth, Newton, Spalding, Paulding, and Walton counties. The County Regions are home to several cities and communities like Acworth, Douglasville, Alpharetta, Fayetteville, Marietta, Kennesaw, Milton, Powder Springs, Peachtree City, Roswell, Smyrna, Sandy Springs, and Woodstock. How about investing in Marietta? It is at a distance of 15 miles from Atlanta downtown area and is reputed as one of the largest suburban regions of the metro area. Whether you are a first-time buyer or a pro at real estate, Marietta offers a choice just for you.

Given the current situation, one thing is certain – the Atlanta metro area still has an over-supply of homes for sale due to an abundance of new homes, Atlanta properties that are up for foreclosures, difficulty in availing loans and an overwhelming number of houses, be it simple apartments or large estates. Real estate is soft at present, but the Atlanta real estate market has been not been affected by many of the national changes. It’s a great time to buy a home condo or town home in Atlanta; in short, this is perhaps the right time to negotiate your next new home with an experienced Atlanta real estate agent. The chief advantage of opting for Atlanta real estate is that while in other US locations a large property price could scale up to millions, here it is within the comfortable zone of $200,000. Atlanta’s cost of living is also equitable with the national average, leaving the people with enough to take off on vacations, enjoy nightlife and explore the city’s cultural wealth!

Advertisements in the dailies published locally are considered to be the largest expenditure incurred by Atlanta realtors. However, today Atlanta homes are also within visibility range, thanks to the popular home search or listing services on the internet; advertisements on the radio and television, and catalogues of Atlanta real estate. Good news is on the horizon with recession showing signs of waning and housing prices once again picking up ensuring that your new home will appreciate in value as the years go by.

Atlanta Mortgage Brokers

Atlanta Mortgage Brokers help borrowers initiate the loan. They verify credit and property aspects of the loan and provide the information to the lender for assessing the credit worthiness of the borrower. Mortgage brokers also help the borrowers in sourcing the best loan, which suits his needs and requirements.

The customers select mortgage brokers through referrals. Asking friends and relatives and taking their suggestions seem to be the best way for the selection of a broker. However before selecting, the customer needs to assess whether the broker is providing the correct estimate of the total cost of the home.

An Atlanta Mortgage broker offers services through http://www.Kudzu.com. Atlanta mortgage brokers are paid agents who bring lenders and borrowers together and build a network relationship. They give advice to borrowers if they face problems in qualifying for a loan and also regarding credit issues.

Once the broker has secured a home loan for a customer, he will provide all the necessary state and federal documents required for the transaction. Since the Atlanta mortgage broker has the accessibility of the different lenders, he will allow the borrower to find a suitable loan according to his needs. Once the broker secures the loan at the wholesale price from the lender, he will add his markup to the price.

There is a syndicate of mortgage brokers called the National Association of Mortgage Brokers (NAMB) established in 1973. This is the national trade association of the Atlanta mortgage broker industry with 46 state affiliates and more than 24000 members. It promotes the mortgage broker industry by providing services like education, professional certification and the government affairs representation. The Atlanta mortgage industry is subjected to 10 federal laws and five federal enforcement agencies.

What Are the Unique Advantages of Buying Georgia Foreclosures Homes?

If you are on the lookout for an affordably priced property in a prime residential area, you can now purchase a suitable property through Georgia foreclosures for sale and avail several unique advantages. Some of the benefits of buying a foreclosed property in the area include various home buyers’ assistance programs, great job opportunities in the metro area, easy transportation, family centered residential communities, a safe and friendly environment as well as a highly affordable cost of living apart from a 10% to 50% discount offered through foreclosures.

One of the prime advantages of investing in a property under Georgia foreclosures is the availability of a large number of assistance programs for home buyers interested in purchasing a foreclosed home in this area. Along with the State Housing Department offering home buyers various tax credit incentives, there are a large number of banks in the area which have attractive and highly reduced interest rates on home loans for buyers interested in Georgia foreclosures.

With major corporate companies like Home Depot, UPS and Delta Airlines headquartered in the metro area the region offers some of the best job opportunities and therefore makes for an ideal relocation choice for those looking for better professional growth. The transportation facilities in the area are also top notch with the Amtrak connecting the region with New York, Washington DC, New Orleans and Florida.

Another unique advantage of buying a property through Georgia foreclosures is that the area is home to some of the best residential communities in the country. Neighborhoods such as the Atlanta metro area as well as the suburban areas of Gwinnett and Cobb provide an ideal environment for residents to raise well rounded families. The area has a very active recreational scene with football and baseball as a favored weekend sport. The state has a team in some of the major professional leagues including the NFL and NBA.

Considering the prime residential areas, high standard of education and healthcare accessible to the residents, the region has a surprisingly affordable cost of living which makes investing in a property through Georgia foreclosures a highly favorable option for home buyers on the whole.