The Graham Seeby Group's (gsgrealty) Blog

Getting a loan can be confusing, below are some common terms that you may hear from your lender.  Hope this helps!   Acceleration Clause:  Provision in a mortgage that gives the lender the right to demand full payment of the entire principal balance if a payment is missed or the mortgage contains...

Types of Mortgage Financing   Fixed Rate Loans:  The interest rate and payments remain constant over the life of the loan.  The most common terms of these loans are 15 and 30 years.   Fixed Rate Ballon Loans:  The interest rate and payments are normally based on a 30 year amortization and will re...

Loan Approval   What is the difference between pre-qualification and pre-approval?   Pre-qualification:  A process where you supply information to the lender in regard to your employment history, current income, current monthly debts and the amount of your assets to close.  It may also include th...

Who Pays the Commission?   The Seller Does.   The commission is a contract between the Seller and the Listing Agent.  It is agreed upon prior to the home being placed on the market and shared between the listing agent and the selling (buyer's) agent usually 50/50.  If there is not a buyer agent i...

5. Choose a Property – In this fast paced market you must act quickly.  Be prepaid for multiple offers and homes selling over list price!  When you visit the properties open up cabinets, make sure items (included in the sale) work properly, open & close doors, decide what extras you would like to...

3. Research the Areas – Have a look at our “Neighborhoods” link where you can find detailed information on Metro Atlanta’s neighborhoods.  Drive around at different times during the day, spend an afternoon in a local park, explore the shops & restaurants, or take a walk/go for a cycle in the neig...

1. Get a Realtor® – Working with the right realtor is more important than you may think. Look for someone who’s professional, reliable, knowledgeable, and open to your interests.  The market never stops, and the REALTOR® Code of Ethics moves with it. Established in 1913, the Code is a living, dyn...

Life Expectancy...of Your Home   “Housing Economics,” a publication of the National Association of Home Builders, addressed the topic of the life expectancy of housing components in its recent issue.  According to the findings, this is the average length of time items can be expected to last: (al...