5 Realistic Tips To Take Buying Your First Home From Dream to Reality

*ATLANTA, GA / ACCESSWIRE / April 14, 2021 / *Making the jump from leasing to homeownership is a poignant journey that can be intimidating for a first-time homebuyer. In Atlanta, the current housing market is moving incredibly quickly. There is under a one-month supply of homes for sale at any given time, and homes are selling for far over appraisal. Homes listed are getting an average of sixty offers per home, so it really is a seller's market. Equity has increased by over 13% in homes sold over the past year, which is good news for sellers.

Shareese Taylor of Atlanta Dream Living Realty is focused on helping the first-time homebuyer achieve their dream of homeownership. The last thing Taylor ever wants to hear is that someone thinks they cannot be a homeowner, she works hard to change that perception and make the dream of owning a home a reality. She genuinely believes anyone, regardless of income, age, or prestige can become a homeowner.

Taylor has some simple steps to follow for people looking to buy their first home. That list starts with educating themselves on both the market and their own financial situation. It is especially important to remember to take things one step at a time and do not get ahead of yourself in the process.

*5 Tips to Make Buying Your First Home a Reality*

1. Plan ahead. If the purchase is not for an immediate housing need, the best path forward is to take the time to plan and prepare to make oneself competitive in the market. It is a seller's market, so it is important to be an attractive buyer as much as possible. Taylor recommends looking at both credit score and debt to income (DTI) ratio. She explains that homebuyers want to have a credit score of 640 and higher and a DTI that is 35% and under.
2. Have cash. Cash is important in today's market. This is because homes are selling above appraisal value. When that happens, the buyer must pay out the difference in cash. Cash also comes in handy for closing costs and down payments. Because it is a seller's market, sellers have the option not to pay anything at closing, leaving those costs to the buyer. Not having that cash available can make or break a real estate transaction.
3. Be emotionally prepared. From the day a buyer makes the decision to start the process, emotion plays a big role. Taylor often sees buyers who are eager and excited at first, and then get cold feet as soon as an offer is accepted. Emotion will play a role in the process; however, it should not lead the decision-making.
4. Focus on location. Many people get caught up in the small details and later realize they might not like the location or have trouble reselling. Paint, flooring, cabinets, those things can all be changed, a location cannot. Know what is around, look at growth opportunities in the neighborhood, this will increase value which in return will offer equity in the home. Really take note of those factors instead of simply falling in love with a home's specific features.
5. Consider "house hacking". House hacking is a term that refers to the practice of buying a home and then renting out a portion of it to help cover the mortgage. This can help people pay off a mortgage sooner and can be a great option for people looking to build up equity in real estate for future investments.

Taylor has a passion for helping people purchase their first home, and that stems from her own upbringing and experience in Kalamazoo, Michigan. She learned as a child that homeownership is the first step to wealth and bought her first home as a young teenage mother. After owning a couple of homes in her hometown, she relocated to Atlanta and began working in the real estate business here. Taylor is not just about selling homes; she is dedicated to helping people create wealth and realize the dream of owning a home. Her goal is to help people from start to finish, she offers more to her clients because she works with them personally to repair credit and build up resources to purchase their homes. Taylor has a degree in financial planning along with her real estate experience and has a financial planner on her team. The process can take over a year, and she is there every step of the way, holding their hands until the keys to the front door are in hand.

Taylor believes everyone can own a home, if she could do it as a single mom at 19, she can show anyone how to do it! Learn more about Taylor on her website, www.atldreamlivingrealty.com, and see how she can help make the dream of owning a home a reality, even if it seems impossible.

*Contact: *

Company Name: Atlanta Dream Living Realty LLC
Contact Person: Shareese Taylor
Address: 2295 Parklake Dr. Suite 440, Atlanta, GA
Phone Number: 678.753.4354
Send Email
Website Link: http://www.atldreamlivingrealty.com/

*SOURCE: *Atlanta Dream Living Realty LLC
View source version on accesswire.com:
https://www.accesswire.com/640399/5-Realistic-Tips-To-Take-Buying-Your-First-Home-From-Dream-to-Reality