Guide to Buying a Luxury Home in Atlanta, Georgia
Why buy property in Atlanta?
What makes Atlanta a great place to purchase real estate right now and more than ever is the fact that rental price as percentage after tax mortgage payments are at 151.2%. With the median home price change from 2006 to 2010 being -33.2%, the real estate climate in Atlanta has made it a desirable venue for investing in property. In fact, the city has topped both Fortune magazine and Deutsche Bank’s list of the best cities for homebuyers to invest in the United States.
When it comes to luxury real estate, Atlanta offers a diverse and first-rate selection of upscale property that will surely satisfy even those with the most discriminating of tastes.
Whether you’re looking for a gorgeous villa, a rambling estate, an executive home, or a luxury condo or townhome, here are some of the things you may want to take note of in the process of buying a luxury home here.
Hire an agent you trust
One of the salient aspects of the whole buying process is finding the right real estate agent who has the following qualities: First, the agent must be knowledgeable and experienced in luxury properties. Second, you should be able to have complete confidence in your agent – make sure to review his/her credentials and sales portfolio. Third, the real estate agent you hire should be knowledgeable about the neighborhoods and up-to-date on the latest trends in Atlanta real estate.
Research and money matters
Before putting down an offer on the home, it is always advisable to do your due diligence. You will want to get an appraisal to know more about the property you’re eyeing, for one, and you’ll also want to learn as much as you can about the neighborhood and how property values are in the area.
If you’ve already decided on a property, be careful on making an offer that is too low, even if you’re planning on paying with cash. Do take note that it does not necessarily mean that you’ll gain an upper hand against a buyer who will be paying via a loan who may be more willing to offer a larger amount.
The devil is in the details
Inspect the property thoroughly. Luxury homes often come with more square footage and lots of details to check out. Make sure to consider what makes every home you view unique and special. Take your time in keeping note of the special details that come with the house – things like intricate wood detailing or perhaps a built-in security system. It’s especially helpful to seek the help of home inspectors to do a full scan of your home so you know what exactly is in the property you are considering purchasing.