The key to selling your home 
Carol Ferguson 154 Cliffside Court Riverdale, GA 30274
Cell: (678) 485-5926
Fax: (770) 478-8451
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Work Phone: (770) 478-1585
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Welcome to CF Brokerage INC


 

       The home buying process can be an intense journey, but it's much easier when you have a clear path and clear expectations.

In today's competitive real estate market, timing is everything!!!!  Many good properties are sold before they are ever advertised. Cash Buyers are welcomed.

       Preparing your finances is the very first step in buying a home. This will allow you to find the price range that fits your budget before you start looking at homes. If you begin your home search in a higher price range than you are approved for, you are setting yourself up for disappointment.  Start preparing your finances right from the start and you'll be ready for the next step. Here are 5 important tips to help you through the home financing process:

Know Your Credit History

Know Your Credit History Before Buying A HomeSome people may just assume that their credit is good enough to buy a house because they have never had a late payment. Others may be afraid to check their credit because they assume that it's so bad that they could never qualify. Both could be wrong. No matter what your situation is, you need to check your credit history and know your credit before buying a home. It doesn't matter how good or bad you are with money, all that matters is what's on your credit history. If you find something on your credit history that is incorrect, be sure to resolve it before buying a house.

Calculate Your Debt-to-Income

Calculate Your Debt Before Buying A HouseYour debt-to-income ratio is one of the main criteria a mortgage lender will consider when determining your loan pre-approval. This number is found by comparing your average monthly debt (bills, taxes, etc.) to your average monthly income. Often, mortgage lenders don't want higher than a 43% debt to income ratio. Here's an example of how to calculate your debt to income. For example if your mortgage payment is $2,000 per month and your auto and credit card payments are $1,000 per month, your total debt is $3,000. For brevity we will assume that these are your only monthly debts. If your income is $7,000 per month, your debt-to-income would be 43% ($3,000 [debt] % $7,000 [income] = 43%). That is right at the limit.

Gather Your Tax, Financial, & Employment Documents

Gather Your Tax & Employment Documents Before Applying for a MortgageWhen you apply for a mortgage, the loan officer will ask you for previous years tax returns, employment verification forms, and previous month's bank statements. It's good to have this information accessible before looking at homes. Some lenders may not ask for these documents until you are under contract. If you are asked for these documents later and you cannot provide them in a timely manner, it could affect your ability to purchase the home. Make sure you have all of your key documents ready, and preferably get them to your loan officer before you put a contract on a home.

Find A Mortgage Lender

Find a Mortgage Lender Before Buying a HouseNow that you have checked your credit, calculated your debt-to-income, and have gathered all your financial docs, you're ready to talk to mortgage loan officer. There are MANY loan officers to choose from. Be sure to take your time and find the one that works best for you. Closing costs, interest rates, and speed of closing are all good items to ask your loan officer about. Most REALTORS® will have lenders who they can recommend as well. Be sure to contact a few different ones to compare rates and personality types. Choose one that you feel comfortable working with. You will be communicating with them often throughout the process of your home purchase.

Complete Your Loan Pre-Approval

Get Pre Approved For A MortgageIn order to be treated as a legitimate buyer when you are out looking at homes, you will need to have a pre-approval letter ready from your lender. Once you have gone through all of the steps above and found a good mortgage lender, it's time to finalize your pre-approval. Make sure that your lender has thoroughly investigated your finances. Some lenders will do a basic mortgage pre-qualification that is based off of minimal questioning. This can mean problems later when you are actually under contract to purchase. A full mortgage pre-approval will help guarantee that your financing doesn't fall apart later while you are halfway into the home buying process.

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Now that you have prepared your finances and found a home, it's time to close the transaction and get the keys! These items need to be handled in a timely manner. Your REALTOR® will help guide you through each step. You can use this section as a reference as you are moving through the final steps of buying your new home.

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Once you have submitted an offer on a home, it's possible that you will receive a counteroffer from the seller. You will need to negotiate the terms of the contract, such as the closing date, seller concessions, appraisal deadlines, inspection deadlines, repairs, etc. Your REALTOR® will guide you through all of your options and make everything clear. There are many different variables to negotiate on a sales contract, so take your time and be sure to think through every option. Once you're under contract it's very difficult, if not impossible, to change things later.


Deposit Earnest Money

Deposit Earnest MoneyOnce you have an executed sales contract signed by both parties, you will need to submit your earnest money. Earnest money is kind of like a down payment for the transaction. Sellers want more than just a signed contract before they take their house off of the market. Earnest money proves to the sellers that you are a serious buyer and ready to purchase a home. The earnest money is credited back to you at closing, or will default to the seller if you cannot perform the details of the sales contract.


Perform Inspections

Hire InspectorsMost contracts are written with an inspection period to allow the buyer time to hire a home inspector and have the property thoroughly inspected. There are many different types of inspections, such as radon, mold, pest, structural, and full home inspections. Having an inspection performed is one of the most important parts of the home buying process. Make sure that you allow plenty of time to get all of your inspections done within the days allotted in your sales contract. Once you are past inspections, you're almost done!

Perform Appraisal

Perform AppraisalThe appraisal is one of the last steps in the home buying process. Mortgage companies require appraisals to verify that the loan amount they are providing is equal to, or better than the appraised value of the home. It's protection for the lender. If the house does not appraise at value, then the contract will either be terminated or renegotiated. Be sure to have the appraisal ordered as soon as your inspections are done. Delayed appraisals are one of the main causes of late closings. 


Close The Transaction

Close The TransactionOnce you are past the inspections and appraisal process, you can set up a closing time with your title company and the other party. Be sure to bring your driver's license (or passport) to closing, along with any monetary items required by the sales contract and/or lender. Once both parties have signed all of the documents and the mortgage company has funded the loan, you will get the keys. You are now the proud owner of your new home.

Congratulations! 

My professional credentials include: Real Estate Industry since 2000, Registered HUD sales, Real Estate Instructor, Master of Business Adminstration, competetitive spirit, focused determination to do my very best for my clients and customers, strong work ethic and personal integrity.

Remember that money isn't (always) everything. Even in a market where inventory is tight and sellers aren't negotiating much, you still have some leverage. That starts with minimizing the seller's potential headaches. If you have attractive financing--a pre-approved loan from a reliable lender, a large downpayment- OR - finalized all required documents for DownPayment Assistance/advised to go shop for a home-- say so.  If you can close on the seller's schedule--whether that means quickly or letting him stay an extra month--do it.

        I invite you to contact me, as I'd be happy to assist you with this important transaction.

        In addition, if you have any general questions about buying or selling real estate in Georgia, please contact me.

        Please browse my website for listings, reports and important real estate information.

Regards,
Carol Ferguson, Real Estate Broker
CF Brokerage INC (770) 478-1585-O
678-485-5926-Cell
1-888-597-7774-GA
http://www.cfbrokerageinc.com or http://www.georgiamls.com  - website
bestsales@cfbrokerageinc.com - email
Carol Ferguson - facebook
Carol Ferguson - Twitter
Carol Ferguson - Linkedin

 

CF Brokerage of AZ INC.
1-888-235-1567-AZ


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Neighborhood Information


Population
Total population 36,441
Male population 17,773
Female population 18,668
Median age 42.30
Median age (male) 40.00
Median age (female) 45.00
Marital status (Number of people who have the following marital status)
Never married 7,859
Married 17,980
Separated 370
Widowed 1,550
Divorced 2,358
Population by age
Under 15 6,694
Age 15 to 24 5,450
Ages 25 to 44 6,917
Ages 45 to 64 11,786
Age 65 and over 5,594
Population mobility
Live in the same house as 1 year ago 32,087
Moved from abroad 152
Moved from a different state 888
Moved from the same county 1,722
Moved from the same state 1,282
Population by poverty level
Above poverty level 34,850
Below poverty level (daily income under $1.90/day) 1,247
Employment
White collar 14,091
Blue collar 3,688
Class of worker
Self employed 2,136
Private company 11,961
Not for profit company 1,002
Government workers 2,680
Households
Total households 12,432
Family households 9,938
Non-family households 2,494
Households with children 4,555
Households without children 7,877
Average people per household 2.93
Education (Number of people who have achieved the following levels of education)
No high school 223
Some high school 7,958
Some college 7,025
Associate degree 2,318
Bachelors degree 6,764
Graduate degree Not available
Income/Financial
Average household income $118,885
Median household income $92,806
Median income under 25 $0
Median income 25-44 $95,317
Median income 45-64 $120,601
Median income over 65 $58,500
Housing occupancy
Housing units 12,779
Occupied housing units 12,432
Owner occupied units 10,865
Renter occupied units 1,567
Median housing costs per month $1,340
Median gross rent per month $1,173
Housing by year built
Year built median 1995
Built before 1939 210
Built between 1940 and 1949 29
Built between 1950 and 1959 75
Built between 1960 and 1969 213
Built between 1970 and 1979 1,401
Built between 1980 and 1989 2,448
Built between 1990 and 1999 4,460
Built between 2000 and 2009 3,461
Built after 2010 482
Housing mortgage situation
Houses with mortgage 7,887
Houses without mortgage 2,978
Median value with mortgage $269,800
Median value without mortgage $238,000
Demographic data shown in this section was gathered from the 2018 American Community Survey and is deemed reliable but is not guaranteed. No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

Neighborhood Information


Population
Total population 29,617
Male population 14,118
Female population 15,499
Median age 45.30
Median age (male) 43.80
Median age (female) 46.40
Marital status (Number of people who have the following marital status)
Never married 6,771
Married 14,118
Separated 371
Widowed 1,418
Divorced 2,932
Population by age
Under 15 4,378
Age 15 to 24 4,359
Ages 25 to 44 5,951
Ages 45 to 64 8,860
Age 65 and over 6,069
Population mobility
Live in the same house as 1 year ago 26,084
Moved from abroad 128
Moved from a different state 666
Moved from the same county 792
Moved from the same state 1,811
Population by poverty level
Above poverty level 26,510
Below poverty level (daily income under $1.90/day) 2,365
Employment
White collar 10,560
Blue collar 3,222
Class of worker
Self employed 1,506
Private company 9,084
Not for profit company 824
Government workers 2,368
Households
Total households 10,824
Family households 7,837
Non-family households 2,987
Households with children 3,141
Households without children 7,683
Average people per household 2.70
Education (Number of people who have achieved the following levels of education)
No high school 670
Some high school 7,911
Some college 5,897
Associate degree 2,151
Bachelors degree 4,937
Graduate degree Not available
Income/Financial
Average household income $92,490
Median household income $72,770
Median income under 25 $37,375
Median income 25-44 $64,927
Median income 45-64 $83,262
Median income over 65 $60,873
Housing occupancy
Housing units 11,598
Occupied housing units 10,824
Owner occupied units 8,855
Renter occupied units 1,969
Median housing costs per month $1,197
Median gross rent per month $1,157
Housing by year built
Year built median 1986
Built before 1939 116
Built between 1940 and 1949 24
Built between 1950 and 1959 304
Built between 1960 and 1969 561
Built between 1970 and 1979 2,441
Built between 1980 and 1989 3,752
Built between 1990 and 1999 2,228
Built between 2000 and 2009 1,604
Built after 2010 568
Housing mortgage situation
Houses with mortgage 6,189
Houses without mortgage 2,666
Median value with mortgage $219,900
Median value without mortgage $202,900
Demographic data shown in this section was gathered from the 2018 American Community Survey and is deemed reliable but is not guaranteed. No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

Our Listings



 
Commercial Real Estate for Sale in NONE, Buford, Georgia $1,630,000
4 photos
$1,630,000 USD
"Less T. 1 mile from I-85"
Style Apartment
Type Commercial
Built 1964
Bedrooms 3
Bathrooms 1
MLS#: 3376718;2048971
Homes for Sale in Atlantic Station, Atlanta, Georgia $1,400,000
6 photos
$1,400,000 USD
Style 3 Story
Type Residential
Built 2007
Bedrooms 3
Bathrooms 4
Taxes $2869 USD
Homes for Sale in Cameron Glen, Atlanta [Fulton County], Georgia $799,900
52 photos
$799,900 USD
Size 7400 sq. ft.
Style 3 Story
Type Residential
Built 1985
Bedrooms 6
Bathrooms 5
Taxes $10976 USD
MLS#: 6676564
Homes for Sale in Atlanta [Fulton County], Georgia $699,900
26 photos
$699,900 USD
Size 1900 sq. ft.
Style Single Story
Type Residential
Bedrooms 4
Bathrooms 3
Taxes $10552 USD
MLS#: 6628140
Homes for Sale in Lake Lanier Vista, Buford, Georgia $550,000
3 photos
$550,000 USD
"Rare Find on the lake"
Style Single Story
Type Residential
Homes for Sale in Gwinnett County, Buford, Georgia $449,900
36 photos

, Gwinnett County

"French Chatueau"
$449,900 USD
"Short Sale Approved"
Style 2 Story
Type Residential
Bedrooms 8
Bathrooms 7
Homes for Sale in Historic Roswell, Roswell, Georgia $349,900
40 photos
$349,900 USD
Size 1466 sq. ft.
Style Single Story
Type Residential
Built 1955
Bedrooms 3
Bathrooms 2
MLS#: 6655276
Commercial Real Estate for Sale in Lawrenceville, Georgia $299,900
3 photos

298 NE Hurricane Shoals Rd, Lawrenceville

"Commercial - Lawrenceville, GA"
$299,900 USD
Size 1352 sq. ft.
Type Commercial
Built 1967
Taxes $4000 USD
MLS#: 8559858
Commercial Real Estate for Sale in Dacula, Georgia $179,900
3 photos

2560 2nd Ave

"Commercial - Dacula, GA"
$179,900 USD
Size 1533 sq. ft.
Type Commercial
Built 1949
Taxes $1211 USD
MLS#: 8451685


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