July home sales in Atlanta
July home sales in Atlanta are up 19 percent over last year, according to Re/Max of Georgia Inc. The real estate company reported the median price for all homes sold in July was $225,000, which was flat with the median price in June, but 6 percent higher than the median price in July 2014.
Jeanette Schneider, senior vice president Re/Max of Georgia, said in a statement. “This news combined with continued favorable interest rates means potential buyers may find home ownership well within their reach.”
Let’s say you have succeeded in snaring your new home in Atlanta. The time leading up to your home purchase closing is going to be busy. You’ll be cleaning, packing, contacting movers, changing over your utilities, and deciding which of your household items to move, sell, or give away. If you’re moving to a new community, you’ll also be changing your medical and other professional service providers, registering your children in new schools, and finding a new health club, grocery store, or favorite restaurant. With so much to do, it’s often difficult to focus on the details of the closing.
What is a closing?
A closing is the settlement of all issues between the buyer and seller and all the other parties who provided services. “Settlement involves the simultaneous exchange of documents, and funds required to complete the transaction. You pay the purchase price to the seller with a combination of your down payment, your own funds, and the proceeds of your loan. In exchange, the seller gives you a deed and other transfer documents, and clear title to the property.”
Closing is not necessarily the time you move in. We had a closing recently where money was disbursed to the seller, but the buyer agreed to rent the house to the seller for another month to allow them time to vacate. The closing date can be whatever the buyer and seller agree to.
Where is closing taking place?
The closing can be held at the title company’s office, your lender’s office, a real estate attorney’s office, or other agreed upon location, depending on the circumstances. Here’s a review of what will happen at closing: you’ll review and sign all of your loan documents. Make sure that each document is explained clearly and that you understand the documents that you are signing. Don’t sign the loan documents if the loan is different from what you expected
When all of the documents have been signed, and all funds have been properly distributed, the deed of ownership will be transferred from seller to buyer. This is when you become a homeowner. The seller will hand you the keys to your new house, and then you’re all done.
When you get to your new home, one of the first things you should do is change the locks.
Val Buys Houses LLC is a member of the community in Cobb County and Atlanta and we specialize in helping homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. Just the simple honest truth about your home, we buy cash, therefore we can help you sell it fast to resolve any situation, or give you as much time as you need.
Give us a call today at 404-844-8845 and let us see if we can help YOU!