guaranteed home sale

  The closing process is the culmination of the contract—the transaction that has taken place between the buyer and the seller. Closings typically take place at a closing attorney’s office. The buyer’s side of the transaction generally chooses the closing attorney. It’s important to keep in mind that the closing attorney does not represent the buyer or the seller when there is financing involved. In that case, the closing attorney actually represents the lender. Although, sometimes the attorney is chosen by the seller’s side of the transaction. For example, if the seller is dealing with probate, they may choose to use the attorney they’ve already been working with to handle the closing for a smoother transaction. If you are buying a new construction property, the builder will choose the closing attorney. Builders are very fond of their closing attorneys and will do what they can to keep their closings all in one place. It’s more convenient and it helps the builder with record keepi...

  Let’s talk advantages, challenges, and the overall process involved with new construction. The Savannah area has become very popular with new construction homes and many homebuyers are building and purchasing brand new homes from real estate company savannah ga Here are some of the advantages of buying a new construction home: 1. A brand new home.  With a brand new home, you can obviously expect brand new everything including a roof, systems, etc. 2. Customization.  Oftentimes, you’ll get to pick certain finishes, flooring, countertops, and more when buying your brand new home. Builders give you plenty of options and you can customize the home as you see fit. 3. Equity.  Not many people think about the equity side of new construction homes. If you’re able to get in on the front end of a new subdivision, the price you pay for will often be a lot less than the price that other homeowners pay once the subdivision starts to grow. If prices go up due to demand, then you...

  Up until a few years ago, we were fortunate enough to not have to worry much about hurricanes. However, multiple storms have come through the Savannah area since and  it’s beginning to become more of a worry for homeowners and homebuyers alike.  I want to make note of a few things I’ve noticed over the years. One thing you should be aware of is your flood insurance policy.  Typically, when you initiate a flood insurance policy,  there is often a waiting period of around 30 days  until the policy goes into effect. Keep that in mind if you’re currently in the middle of a real estate transaction. “The best case scenario is that your closing will be delayed.” Another thing to keep in mind if you’re currently in the process of buying a home and there is a named storm in the area: Most insurance companies have limitations in their ability to write new policies.  That can oftentimes delay closings or put a hold on home purchases altogether. Even if the stor...

The Savannah area has become very popular with new construction homes and many homebuyers are building and purchasing brand new homes. McIntosh Realty is  best real estate company to sell your home . We are so proud of our team and know that each of them are committed and equipped to provide a level of service that is rare within the Real Estate Industry.      Here we provide some advantages to buying a new construction home:   1. A brand new home .  With a brand new home, you can expect brand new everything including a roof, systems, etc. 2. Customization .  Oftentimes, you’ll get to pick certain finishes, flooring, countertops, and more when buying your brand new home. Builders give you plenty of options and you can customize the home as you see fit. 3. Equity .  Not many people think about the equity side of new construction homes. If you’re able to get in on the front end of a new subdivision, the price you pay for will often be a lot less th...

USDA loans are great for several reasons, but will no longer be available in 2 weeks. Here is why you should take advantage of them if your situation permits: No down payment   option:  If you don’t have savings or simply wish to retain them, you can still qualify for this loan. 100% financing:  This allows more people to be homeowners. No reserves required:  Buyers do not need to provide bank statements to qualify. Expanded qualifying ratios:  Buyers with satisfactory credit may qualify with higher deb-to-income ratios to accommodate high-cost housing areas. This USDA rural development loan can only be utilized  west of I-95.  It will no longer be available in two weeks because  the Federal Government only allocates a certain amount of funds for the loan.  If you are on the fence about what financing option you want, this may be a great option for you. We can put you in touch with one of our lenders and get you all the details you need to qu...

Mortgage rates are still at historic lows. For many homeowners, it’s a great time to refinance. Refinancing allows you to pay off your current mortgage with a new mortgage at a lower rate. Refinancing means lower monthly payments and more money left in your pocket. But here’s something important that many people don’t know: Refinancing can affect your credit score negatively. You see, when you refinance, the new creditor will do a “hard inquiry” about your credit history. This inquiry can actually lower your credit score. Looking for new credit lines (like a new mortgage) equates with greater credit risk. How much will a hard inquiry actually lower your credit score? This depends on several factors. In some cases, a hard inquiry might not lower your credit score at all. However, if you’ve recently opened up multiple new credit lines (auto loans, credit cards, etc.), then a hard inquiry could decrease your credit score by up to five points. This is true if you only have a short credit h...

Finding and purchasing the right home at the right price means having the right team behind you guiding you through the transaction. On this team, there are a few key roles you need to identify. The first is the  agent you work with.  It’s always important to interview at least a couple of agents to make sure you’re comfortable with the one you choose. Your agent should be knowledgeable and have your best interests at heart, and you should be able to trust their recommendations as they guide you through the process. The second role is that of  the lender.  If you plan on getting financing, it’s important to identify a lender as soon as possible—even before you start looking for homes. As with high end real estate agents , you can interview several lenders—not just to know your financing options, but also to check their availability, their communication, and how they can make the loan process go as smoothly as possible. “Your agent should be knowledgeable and have you...