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

Announcements



There are currently no Announcements.
 

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.

____________________________________________________________________

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.

_____________________________________________________________________

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


Search MLS Listings



Announcements



There are currently no Announcements.
 


Neighborhood Information


Population
Total population 33,614
Male population 16,158
Female population 17,456
Median age 43.80
Median age (male) 42.20
Median age (female) 45.50
Marital status (Number of people who have the following marital status)
Never married 6,599
Married 16,827
Separated 244
Widowed 1,392
Divorced 2,270
Population by age
Under 15 6,526
Age 15 to 24 4,706
Ages 25 to 44 6,079
Ages 45 to 64 11,662
Age 65 and over 4,641
Population mobility
Live in the same house as 1 year ago 29,806
Moved from abroad 165
Moved from a different state 715
Moved from the same county 1,660
Moved from the same state 1,050
Population by poverty level
Above poverty level 31,995
Below poverty level (daily income under $1.90/day) 1,380
Employment
White collar 13,057
Blue collar 2,773
Class of worker
Self employed 1,619
Private company 9,967
Not for profit company 1,091
Government workers 3,153
Households
Total households 11,799
Family households 9,511
Non-family households 2,288
Households with children 4,411
Households without children 7,388
Average people per household 2.85
Education (Number of people who have achieved the following levels of education)
No high school 352
Some high school 6,848
Some college 6,139
Associate degree 1,824
Bachelors degree 6,780
Graduate degree 3,257
Income/Financial
Average household income $107,424
Median household income $87,887
Median income under 25 $63,649
Median income 25-44 $93,205
Median income 45-64 $106,917
Median income over 65 $49,508
Housing occupancy
Housing units 12,225
Occupied housing units 11,799
Owner occupied units 10,331
Renter occupied units 1,468
Median housing costs per month $1,333
Median gross rent per month $1,095
Housing by year built
Year built median 1993
Built before 1939 225
Built between 1940 and 1949 65
Built between 1950 and 1959 50
Built between 1960 and 1969 292
Built between 1970 and 1979 1,625
Built between 1980 and 1989 2,573
Built between 1990 and 1999 4,308
Built between 2000 and 2009 3,020
Built after 2010 67
Housing mortgage situation
Houses with mortgage 7,918
Houses without mortgage 2,413
Median value with mortgage $230,700
Median value without mortgage $211,100
Data on community demographi​cs provided by OnBoard LLC Copyright © OnBoard LLC. Informatio​n is deemed reliable but is not guaranteed​. All community demographi​cs data is for the year 2015 unless otherwise specified.​

Neighborhood Information


Population
Total population 29,637
Male population 14,311
Female population 15,326
Median age 44.70
Median age (male) 43.70
Median age (female) 45.50
Marital status (Number of people who have the following marital status)
Never married 6,361
Married 14,160
Separated 309
Widowed 1,476
Divorced 2,764
Population by age
Under 15 4,876
Age 15 to 24 4,086
Ages 25 to 44 6,009
Ages 45 to 64 9,136
Age 65 and over 5,530
Population mobility
Live in the same house as 1 year ago 26,045
Moved from abroad 66
Moved from a different state 597
Moved from the same county 800
Moved from the same state 1,994
Population by poverty level
Above poverty level 24,812
Below poverty level (daily income under $1.90/day) 4,192
Employment
White collar 9,858
Blue collar 3,214
Class of worker
Self employed 1,581
Private company 8,798
Not for profit company 799
Government workers 1,894
Households
Total households 10,679
Family households 7,976
Non-family households 2,703
Households with children 3,185
Households without children 7,494
Average people per household 2.73
Education (Number of people who have achieved the following levels of education)
No high school 855
Some high school 7,889
Some college 5,178
Associate degree 1,701
Bachelors degree 4,743
Graduate degree 2,832
Income/Financial
Average household income $82,041
Median household income $62,909
Median income under 25 $24,917
Median income 25-44 $64,357
Median income 45-64 $76,133
Median income over 65 $44,404
Housing occupancy
Housing units 11,780
Occupied housing units 10,679
Owner occupied units 8,826
Renter occupied units 1,853
Median housing costs per month $1,110
Median gross rent per month $1,027
Housing by year built
Year built median 1986
Built before 1939 164
Built between 1940 and 1949 19
Built between 1950 and 1959 133
Built between 1960 and 1969 876
Built between 1970 and 1979 2,526
Built between 1980 and 1989 3,768
Built between 1990 and 1999 2,513
Built between 2000 and 2009 1,720
Built after 2010 61
Housing mortgage situation
Houses with mortgage 5,777
Houses without mortgage 3,049
Median value with mortgage $188,200
Median value without mortgage $164,900
Data on community demographi​cs provided by OnBoard LLC Copyright © OnBoard LLC. Informatio​n is deemed reliable but is not guaranteed​. All community demographi​cs data is for the year 2015 unless otherwise specified.​

Our Listings



 
4 photos
$2,830,000 USD
"Less T. 1 mile from I-85"
Style Apartment
Type Commercial
Built 1964
Bedrooms 3
Bathrooms 1
MLS#: 3376718;2048971
6 photos
$1,400,000 USD
Style 3 Story
Type Residential
Built 2007
Bedrooms 3
Bathrooms 4
Taxes $2869 USD
55 photos
$899,900 USD
Size 8426 sq. ft.
Style 3 Story
Type Residential
Built 1999
Bedrooms 6
Bathrooms 6
Taxes $7378 USD
MLS#: 6082127
31 photos
$639,900 USD
Size 2558 sq. ft.
Style 2 Story
Type Residential
Built 1942
Bedrooms 3
Bathrooms 3
Taxes $5606 USD
MLS#: 5904513
3 photos
$550,000 USD
"Rare Find on the lake"
Style Single Story
Type Residential
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
43 photos
$474,900 USD
Size 2815 sq. ft.
Style 2 Story
Type Residential
Built 1952
Bedrooms 4
Bathrooms 3
Taxes $3744 USD
MLS#: 6071610
39 photos
$359,900 USD
Size 1674 sq. ft.
Style Single Story
Type Residential
Bedrooms 3
Bathrooms 2
MLS#: 5993606
24 photos
$325,000 USD
Size 1478 sq. ft.
Style Townhouse
Type Residential
Built 2000
Bedrooms 3
Bathrooms 2
MLS#: 6032897
2 photos
$319,900 USD
"C2 Commercial For Sale"
Size 1352 sq. ft.
Style Apartment
Type Commercial
Built 1967
Bedrooms 3
Bathrooms 2
MLS#: 3946494
46 photos
$289,900 USD
"Mill Creek Schools - Full Basement"
Size 2641 sq. ft.
Style 2 Storey
Type Residential
Built 2005
Bedrooms 4
Bathrooms 3
Taxes $2922 USD
MLS#: 6043613
29 photos
$279,900 USD
Size 1272 sq. ft.
Style Single Story
Type Condominium
Built 2010
Bedrooms 2
Bathrooms 2
Taxes $2017 USD
Condo Fee $4,596 USD
MLS#: 5885752
39 photos
$259,900 USD
Size 2347 sq. ft.
Style Single Story
Type Residential
Built 1992
Bedrooms 3
Bathrooms 2
Taxes $2690 USD
MLS#: 6040098
33 photos
$229,900 USD
Size 1062 sq. ft.
Style Single Story
Type Condominium
Built 1967
Bedrooms 2
Bathrooms 2
Taxes $3329 USD
Condo Fee $8,280 USD
MLS#: 6013281
25 photos
$219,900 USD
Size 2540 sq. ft.
Style 2 Story
Type Residential
Built 2006
Bedrooms 3
Bathrooms 2
Taxes $2471 USD
MLS#: 5983853
<< Prev  1  2  Next >>


Featured Listings



There are currently no featured listings.

Weather