Q: Do new homes need
to be inspected ? A: Yes. The argument against getting the
inspection is that the county or city will inspect that
the home meets code specifics before issuing an Certificate
of Occupancy. However, a good inspector will be able to
help you identify potential future problems if brought in
during the right time which is at the beginning of the new
construction process. With all of this in mind, it's rare
for new home purchases to hire an inspector.
Q: How long will
it take from Contract to Close ? A: In Georgia, it takes anywhere from 20
to 45 days depending on the type of loan or situation.
Q: How soon should
I consult with a Loan Officer ?
A: As soon as you have your budget ready and have
decided to move. You almost always want to meet with the
Loan Officer before you see your first home.
Q: How much earnest
money should I put up ?
A: There is no wrong amount. However, a good rule
of thumb is 1%. This will work for most Resale. Anything
less and you are signaling to the seller that you don't
have much cash. Using more money proves you have cash and
makes your buying power look stronger, however, it leaves
more money on the table to be had should something go wrong.
Additionally you may find
my answers to several questions on Trulia.
