Tips for buying a house
Top 10 Things You Must Know When Buying a Home in Atlanta
Whether you’re a first-time buyer or returning to the market, purchasing a home is one of the biggest financial decisions you’ll ever make. To help you make an informed move, here are the top 10 things to know when buying a home in Atlanta or anywhere across the country.
1. Only Buy If You’re Ready to Stay Put
If you can’t commit to living in the same place for at least three to five years, buying may not be the right step just yet. Given the costs of buying and selling real estate, you risk losing money if you move too soon—even in a strong market like Atlanta.
2. Strengthen Your Credit Before You Apply
Most buyers will need a mortgage, and your credit score directly affects your loan terms. Check your credit report at least three months before you begin your home search. Dispute any inaccuracies and pay down outstanding debts to boost your score. You can access your credit report for free at AnnualCreditReport.com.
3. Know What You Can Truly Afford
Rather than relying on outdated rules of thumb, use a mortgage affordability calculator from sites like Bankrate or NerdWallet to understand how your income, debt, and expenses impact your home-buying budget.
4. You Don’t Need 20% Down to Buy
While a 20% down payment is ideal, several loan programs—like FHA, VA, or conventional 3% down loans—allow qualified buyers to purchase with a lower upfront investment. Ask your lender about first-time homebuyer assistance in Atlanta and low down payment mortgage options.
5. School Districts Impact Home Value
Even if you don’t have children, buying in a top-rated school district helps preserve your home’s resale value. Homes located near sought-after public and private schools in Atlanta often sell faster and at higher prices.
6. Hire a Skilled Local Real Estate Agent
The internet is a great tool, but it doesn’t replace the value of a local real estate expert. A licensed professional will protect your interests, negotiate on your behalf, and offer valuable insights during the process. If you’re buying in Atlanta, work with a trusted agent who understands the market. Contact Anthony Acosta for expert guidance.
7. Understand Points vs. Interest Rates
When financing your home, you may be offered a choice between paying points upfront or taking a higher interest rate. If you plan to stay in your home for several years, paying points can save you money in the long run. Your lender can help compare both options in detail.
8. Get Pre-Approved Before You Shop
Getting pre-approved by a lender gives you a clear idea of your buying power and positions you as a serious buyer. Pre-approval is different from pre-qualification—it involves a full review of your income, debts, and credit history.
9. Know the Market Before You Bid
Your offer should reflect recent sales data for similar homes in the area. Study comparable sales (comps) from the last 60–90 days to make a strong, realistic offer. A good agent will help you determine the best starting point.
10. Always Hire a Home Inspector
Even if your lender orders an appraisal, it’s critical to get a professional home inspection. Choose a licensed inspector who can identify hidden issues that could cost you thousands down the road. This is a key part of due diligence.
🏡 Ready to Buy a Home or Condo in Atlanta?
Search all luxury condos in Atlanta or explore homes across top neighborhoods like Buckhead, Midtown, and Virginia-Highland. Whether you’re looking for a sleek condo, historic bungalow, or move-in ready townhome, I’m here to help you every step of the way.
📞 Anthony Acosta – Associate Broker, Harry Norman REALTORS®
📱 Cell: 404.797.9907
📧 Email: [email protected]
🌐 Search listings at: ALLATLANTACONDOS.COM
If you’re searching for a trusted REALTOR® near you in Atlanta, I specialize in helping buyers and sellers throughout Buckhead, Midtown, and greater Metro Atlanta.
- Top real estate agent in Atlanta
- Best Atlanta REALTOR® near me
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- Atlanta buyer’s agent with local expertise
I serve clients across top Atlanta neighborhoods including Buckhead, Midtown, Virginia-Highland, and Atlantic Station.
- Buckhead (30305, 30326, 30327)
- Midtown (30309)
- Atlantic Station (30363)
- Virginia-Highland (30306)
- Old Fourth Ward (30312)
Learn more about how I serve Atlanta buyers and sellers on my About Me page.
