All Forum Posts by: Sara Smith

The 10k is over appraisal so that leaves with no wiggle room as a buyer. I went over 10k on listing price as well. So either the listing price or 10k over appraisal not exceeding the listing price was my offer. The inspection came back and did state roof may need repair/ replacement. So I wanted the general contractors to come in and give me a quote. Another thing that my realtor did was realtor did not ask me if I wanted to be present when the general contractors were coming. I had to tell her that I wanted to be there. I left alot of details out but initially I felt pressured into following my realtor’s advise but now I feel like my realtor just wants to close and want the highest commission possible. 

Hello BiggerPockets, I needed to just let this out and ask for an advise. I am a first home buyer. I am under Due Dilligence currently on a renovated townhome. My realtor suggested I should offer 10k on top of appraisal and give $1000 option money cash which I did and just paid the option money and earnest money. According to my realtor, the listing agent said that the seller didn't want to go with a VA loan and had multiple offer so i followed what my realtor suggested. Now im feeling like i am overpaying for what its worth.

-First question : my realtor said option money cannot be refunded if I terminate the contract. Is that true? 

I feel like my agent is representing the seller and giving me this vibe that he/she doesn't want to negotiate the price. I say that because inspection came back with some minor issues like caulking, minor cracks, old water heater at 8years, 20 years old roof. So i wanted to get a quote on the cost of repairs since I will be buying this property and 11k on top of appraisal.

My realtor keeps saying everything is brand new, there are no immediate issues with water heater, roof, and etc. by the way water pressure is weak too. My realtor really sounded like a seller’s agent. Told me i can finance the roof later and home warranty will cover if i need anything fixed. 
i’m thinking if i am paying 11k over the appraisal why would i want to spend a single penny in the next 5years when I already know future risk and ask seller to contribute the cost. 
There were multiple conversations between my realtor that I just felt like I am alone in the process and no one is interested in truly helping me buying good secure home. I really needed to just rant and let my emotion out because my anxiety is going over the roof. If anyone has similar experiences and advice I would love to hear it. 

Hello everyone,

I'm new to BiggerPockets and am currently in the process of buying my first home. I would greatly appreciate your input on what you would do if you only had a one-shot to start out would it be better to buy a townhome near a prime location, such as anywhere near I-285 and major highways on I-85/75, or a house in areas like Canton, Snellville, Woodstock, Powder Springs, or Grayson further north of metro Atlanta. I am also looking from an investor standpoint and I am uncertain and cannot decide if I need to choose the location or living space. 

Should I go for creative financing as a first home buyer? If so do I go through an agent with this? 

I wish I can do a house near a prime location but I do not have the finance for that. What would you choose and why?

what potential does northern Atlanta have and how do you assess that?