The key to selling your home 
Carol Ferguson 154 Cliffside Court Riverdale, GA 30274
Phone: (770) 478-1585 Mobile: (678) 485-5926 Fax: (770) 478-8451 Email Carol

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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 36,354
Male population 17,833
Female population 18,521
Median age 41.80
Median age (male) 38.60
Median age (female) 45.10
Marital status (Number of people who have the following marital status)
Never married 7,706
Married 17,682
Separated 301
Widowed 1,532
Divorced 2,436
Population by age
Under 15 6,998
Age 15 to 24 5,527
Ages 25 to 44 6,894
Ages 45 to 64 11,762
Age 65 and over 5,173
Population mobility
Live in the same house as 1 year ago 31,969
Moved from abroad 154
Moved from a different state 907
Moved from the same county 1,813
Moved from the same state 1,225
Population by poverty level
Above poverty level 34,823
Below poverty level (daily income under $1.90/day) 1,213
Employment
White collar 13,975
Blue collar 3,434
Class of worker
Self employed 1,929
Private company 11,204
Not for profit company 1,266
Government workers 3,010
Households
Total households 12,483
Family households 9,875
Non-family households 2,608
Households with children 4,679
Households without children 7,804
Average people per household 2.91
Education (Number of people who have achieved the following levels of education)
No high school 279
Some high school 7,537
Some college 7,035
Associate degree 2,119
Bachelors degree 7,199
Graduate degree 3,781
Income/Financial
Average household income $112,979
Median household income $92,507
Median income under 25 $95,326
Median income 25-44 $97,077
Median income 45-64 $115,054
Median income over 65 $54,750
Housing occupancy
Housing units 12,863
Occupied housing units 12,483
Owner occupied units 10,796
Renter occupied units 1,687
Median housing costs per month $1,315
Median gross rent per month $1,146
Housing by year built
Year built median 1994
Built before 1939 243
Built between 1940 and 1949 41
Built between 1950 and 1959 73
Built between 1960 and 1969 229
Built between 1970 and 1979 1,619
Built between 1980 and 1989 2,525
Built between 1990 and 1999 4,480
Built between 2000 and 2009 3,306
Built after 2010 347
Housing mortgage situation
Houses with mortgage 8,013
Houses without mortgage 2,783
Median value with mortgage $249,700
Median value without mortgage $227,000
Demographic data shown in this section was gathered from the 2017 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 28,774
Male population 13,892
Female population 14,882
Median age 45.80
Median age (male) 44.70
Median age (female) 47.20
Marital status (Number of people who have the following marital status)
Never married 6,505
Married 13,954
Separated 356
Widowed 1,422
Divorced 2,524
Population by age
Under 15 4,369
Age 15 to 24 4,222
Ages 25 to 44 5,438
Ages 45 to 64 8,910
Age 65 and over 5,835
Population mobility
Live in the same house as 1 year ago 25,361
Moved from abroad 87
Moved from a different state 362
Moved from the same county 988
Moved from the same state 1,796
Population by poverty level
Above poverty level 25,118
Below poverty level (daily income under $1.90/day) 2,903
Employment
White collar 9,962
Blue collar 3,159
Class of worker
Self employed 1,547
Private company 8,724
Not for profit company 764
Government workers 2,086
Households
Total households 10,707
Family households 7,803
Non-family households 2,904
Households with children 3,116
Households without children 7,591
Average people per household 2.65
Education (Number of people who have achieved the following levels of education)
No high school 773
Some high school 7,328
Some college 5,767
Associate degree 1,633
Bachelors degree 5,017
Graduate degree 2,988
Income/Financial
Average household income $87,494
Median household income $70,732
Median income under 25 $42,868
Median income 25-44 $72,355
Median income 45-64 $78,414
Median income over 65 $58,533
Housing occupancy
Housing units 11,445
Occupied housing units 10,707
Owner occupied units 8,749
Renter occupied units 1,958
Median housing costs per month $1,159
Median gross rent per month $1,084
Housing by year built
Year built median 1986
Built before 1939 119
Built between 1940 and 1949 21
Built between 1950 and 1959 177
Built between 1960 and 1969 785
Built between 1970 and 1979 2,276
Built between 1980 and 1989 3,710
Built between 1990 and 1999 2,219
Built between 2000 and 2009 1,826
Built after 2010 312
Housing mortgage situation
Houses with mortgage 5,906
Houses without mortgage 2,843
Median value with mortgage $210,000
Median value without mortgage $178,600
Demographic data shown in this section was gathered from the 2017 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 Castleberry Hill, Atlanta, Georgia $2,850,000
52 photos

211 Peters St SW, Castleberry Hill

"+/-14K FT, 3300 FT PH, RENTAL/ FILMING STUDIO"
$2,850,000 USD
"AUTHENTIC LOFT DISTRICT - STAND ALONE/ FEE SIMPLE"
Size 13085 sq. ft.
Style 3 Story
Type Commercial
Bathrooms 4
Taxes $16745 USD
Homes for Sale in Castleberry Hill, Atlanta [Fulton County], Georgia $2,800,000
47 photos

305-309 Peters St, Castleberry Hill

"Extraordinary - NOTHING ELSE LIKE IT!"
$2,800,000 USD
"2 Building/8 Unit - LOFT COMPOUND"
Size 11272 sq. ft.
Style Single Story
Type Residential
Built 1910
MLS#: 6513047
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 Willow Springs, Roswell, Georgia $625,000
35 photos
$625,000 USD
"Reduced! New Price!"
Size 3538 sq. ft.
Style 2 Story
Type Residential
Built 1985
Bedrooms 5
Bathrooms 4
Homes for Sale in Atlanta [Fulton County], Georgia $574,900
33 photos
$574,900 USD
Size 1975 sq. ft.
Style 2 Storey
Type Residential
Built 2007
Bedrooms 3
Bathrooms 3
MLS#: 6605462
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 Alpharetta, Georgia $520,000
42 photos
$520,000 USD
Size 3779 sq. ft.
Style 3 Story
Type Residential
Built 2007
Bedrooms 5
Bathrooms 4
Taxes $6070 USD
MLS#: 6082251
Homes for Sale in Morningview, Suwanee, Georgia $449,900
55 photos
$449,900 USD
"6BR/4B-FULL FINISHED TERRACE LEVEL"
Size 2800 sq. ft.
Style 2 Storey
Type Residential
Built 2000
Bedrooms 6
Bathrooms 6
Taxes $4406 USD
MLS#: 6620618
Homes for Sale in Riverside, Atlanta [Fulton County], Georgia $419,900
41 photos
$419,900 USD
Size 2650 sq. ft.
Style 3 Story
Type Residential
Built 2007
Bedrooms 3
Bathrooms 2
Taxes $3900 USD
MLS#: 6541901
Homes for Sale in Lawrenceville, Georgia $389,900
54 photos
$389,900 USD
Size 3010 sq. ft.
Style Single Story
Type Residential
Built 1977
Bedrooms 4
Bathrooms 2
MLS#: 6511522
Homes for Sale in Trilogy Park, Hoschton - Gwinnett County, Georgia $339,900
64 photos

1827 Trilogy Park Drive, Trilogy Park (63)

"New Roof 2017! New Interior Paint! Must see inside!"
$339,900 USD
"OPEN HOUSE! AUGUST 25th FROM 2-5 PM"
Size 3490 sq. ft.
Style 2 Storey
Type Residential
Built 2005
Bedrooms 5
Bathrooms 4
Taxes $4202 USD
MLS#: 6545779
Homes for Sale in Atlanta, Georgia $339,000
39 photos
$339,000 USD
Size 2606 sq. ft.
Style Craftsman
Type Residential
Built 1930
Bedrooms 4
Bathrooms 2
Taxes $1345 USD
MLS#: 8652493
Homes for Sale in Defoors Walk, Atlanta [Fulton County], Georgia $324,900
44 photos
$324,900 USD
Size 1715 sq. ft.
Style 3 Story
Type Residential
Built 1982
Bedrooms 3
Bathrooms 3
Taxes $1467 USD
Condo Fee $4,500 USD
MLS#: 6541945
Condos for Sale in Atlanta [Fulton County], Georgia $324,900
48 photos
$324,900 USD
Size 1309 sq. ft.
Style Single Story
Type Condominium
Built 2003
Bedrooms 2
Bathrooms 2
Taxes $3550 USD
Condo Fee $7,644 USD
MLS#: 6528526
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