How The Home Buying Process Works in Georgia

by Sarah Maslowski

Hello, I'm a real estate agent specializing in helping clients relocate to the northeast metro Atlanta area. If you're considering buying a house in Georgia but are unsure of the process, you've come to the right place. In this detailed guide, I'll walk you through the entire home buying process in Georgia.

Step 1: Budget and Location

Begin by connecting with a local lender to determine your budget.
Identify your preferred location based on budget, needs, and job requirements.
Ensure you know your budget before exploring specific listings to avoid disappointment.
Do not physically view homes until you know your budget and move-in date.

Step 2: Home Search

Start searching for homes with the help of your real estate agent.
The home search process may take a few weeks.
If you're considering new construction, the timeline may vary.

Step 3: Writing an Offer

Your agent will help you draft an offer for the chosen home.
Negotiate key terms such as the offer price, due diligence period, and closing date.
Consider the local market conditions when determining the offer price.

Step 4: Due Diligence Period

The due diligence period is a time to conduct inspections and investigations.
Inspections help ensure the home is in good condition.
Negotiate repairs or ask for a credit if issues are found.
During this period, you can walk away from the deal without losing your earnest money.

Step 5: Financing and Appraisal Contingency

Establish a financing contingency to protect you if you can't secure a mortgage.
The appraisal contingency ensures the home's value matches the purchase price.
You can negotiate with the seller if the appraisal comes in below the contract price.
These contingencies provide safety nets during the buying process.

Step 6: Home to Sell Contingency

If you need to sell your current home to purchase in Georgia, consider a home to sell contingency.
This allows you to market and sell your current home while reserving the Georgia property.
A kick-out clause protects the seller if a non-contingent offer is received.

Step 7: Under Contract

Once all terms are negotiated and agreed upon, you're officially under contract.
Pay attention to key deadlines and rely on your agent to ensure everything runs smoothly.
Your lender and closing attorney will work behind the scenes to finalize your financing and closing details.

Step 8: Closing

A few days before closing, wire the required funds to cover your down payment and other costs.
Conduct a final walkthrough of the home to confirm its condition.
Attend the closing appointment, usually held at the attorney's office, to sign documents.
Funds are released to the seller, and the house is officially yours.

KeyPoint

Buying a home in Georgia may seem like a complex process, but with the right real estate agent guiding you every step of the way, it can be a smooth and rewarding experience. If you're planning to move to Georgia, I'd be honored to be your agent and assist you in finding the perfect home. Feel free to reach out to me using the contact information provided below this video. For more insights into the home buying process in Georgia, be sure to watch this video.

Ready to Begin Your Journey to Homeownership in Georgia?

Whether you're relocating to the northeast metro Atlanta area or have specific requirements in mind, I'm here to help you find your dream home. Contact me today, and let's get started on your path to homeownership in Georgia.