Questions For North Georgia Real Estate Agents

Frequently Asked Questions

1. When purchasing a foreclosure, is it the same process as purchasing a regular home on the market?
2. If I do purchase property in the North GA Mountains, do I have to be present for the closing?
3. Do you cut your commission?
4. Do I have to get a home inspected?
5. Should I use a local lender?
6. Should I use a local closing attorney?
7. What is earnest money?
8. When I find the perfect property, what is the next step?
9. Are termites a problem in the North GA Mountains?
10. Do banks require a termite letter?
11. Why is it better to use one Realtor instead of calling all of the listing agents about individual properties?
12. Is there trash collection in the North GA Mountains?
13. What are the taxes in the North GA Mountains?
14. What is a perk test?
15. Do I need to get a survey?
16. Do we work on weekends?
17. Why does it seem like Realtors take forever to answer e-mails and voicemails?
18. What areas do you specialize in?
19. What are the closing costs going to be?
20. Who pays for the closing costs?
21. Does it snow in the North GA Mountains?

Answer regarding foreclosures:

Buying a foreclosure is the same as purchasing a regular cabin but the only difference is in the inspection process. You can have the home inspected but can not ask for any repairs, the home must be purchased “AS-IS” and the bank holding the home has a 9 page addendum to the contract that say just that, they do not warrant the home and they are not responsible for anything that has happened or will happen to it. Everything else is the same. Here are the steps.

1. We would make an offer to the Bank’s Listing Agent. When working with a Bank instead of an individual Seller it’s a little more time consuming because the Bank’s representative only works from 9-5 Monday thru Friday and they handle numerous foreclosures every day. Therefore, they get to the offer in their own sweet time. Keep in mind that this is normally an automated process, meaning that the Listing agent does not actually talk to the bank representative but rather submits and online form that the bank has created. So even though you may want to plead your case and tell the bank all reasons behind your offer, it’s falling on deaf ears, the only thing the bank is concerned with are the numbers and the terms of the contract. Most of the time, the Bank representative has never seen the house and he/she is physically located in another part of the country. They can rarely even pronounce Ellijay (ella-jay).

2. Once an offer or counter offer has been accepted your earnest money is deposited into my brokers escrow account and my assistant coordinates the closing with the attorney and your lender.

3. During this time is when you would normally have the property inspected and there would be another round of negotiations if the inspector required any repairs, but because the home is sold as-is this does not happen. During this waiting period between the contract acceptance and closing is when your lender has the home appraised and gathers all of their necessary paperwork to complete the closing.

4. The final step is to sign all of your closing documents either in person at the attorney’s office or by mail. After the funds are disbursed and the papers are signed, the home is now YOURS!

Answer regarding closing:

Absolutely not! In fact most people are not present for the closing. With a majority of our Buyers and Sellers being located out of state it is not always practical for them to fly in just to sign some papers. Instead we do what’s called a “mail-away” closing. Either party in the transaction can do a mail-away. The important thing is to make us aware that you would like to do a mail-away as soon as a contract is signed. A mail-away requires that the attorney prepares the documents about a week in advance if one side of the transaction is closing via mail and two weeks in advance if both sides are closing by mail. The attorney will UPS Overnight the closing package to the Sellers to sign, the Sellers will have to sign and notarize their portion of the documents then Overnight them back to the attorney’s office in the prepaid envelope. The attorney then makes sure that everything is signed correctly and Overnights the package to the Buyers to repeat the process. The attorney will then disburse the funds on the day of closing by either wiring the funds into the account of the Seller or by check, whichever is preferred. Keys and signed documents are then mailed to the Buyer.

Answer regarding commission:

It is our Brokers office policy to not negotiate commissions. Commissions’ are an item that is agreed upon in advance with the seller, NOT an item to be negotiated during the sale of a property.

See more properties for sale below

MLS #198291 | Blue Ridge Road Commercial For Sale, Short Sale none	1-b hwy 5 Blue Ridge, GA 30513
ROLLOVER TO VIEW 7 PHOTOS $300,000.00 Blue Ridge Commercial For Sale Price reduced $185,900.00 since 4/9/10 | Huge opportunity!! potential short sale! great commercial lot on one of the busiest corners in blue ridge. located in the home depot shopping center directly in front of home depot. awesome retail location! Top Features: for sale, short sale , Road , Subdivision: none , Built in  9999

MLS #200817 | Blue Ridge Road Commercial For Sale	tr 2 strauss village lane Blue Ridge, GA 30513
ROLLOVER TO VIEW 21 PHOTOS $300,000.00 Blue Ridge Commercial For Sale Approx. 4,000 sqft. building with about 1/3 devoted to retail/office space. renovated retro modern design. 2/3 of building consists of warehouse/work shop with loading dock. building has 3 phase electric and is very well insulated. building ... Top Features: for sale , Road , Built in  1978

MLS #143775 | Blairsville Road, Riverfront Commercial For Sale	2181 gainesville hwy Blairsville, GA 30512
$300,000.00 Blairsville Commercial For Sale Price reduced $225,000.00 since 4/21/09 | Riverfront commercial opportunity! located on high traffic u.s. hwy 19/129 south. sale includes large commercial building (approx. 3780 sq ft. retail store and 2190 sq ft of storage and efficiency apartment) with paved parking, cabin on the ... Top Features: for sale , Road, Riverfront , Built in  9999

MLS #201820 | Ellijay Mountain, Year Round Road Residential 5 Bedrooms / 3 Bathrooms For Sale Coosawattee River	194 fleur lane Ellijay, GA 30540
ROLLOVER TO VIEW 10 PHOTOS $300,000.00 Ellijay Residential For Sale 5 beds, 3 baths, View-t-ful!!! this prow front cabin looks out over one of the best views in the coosawattee river resort. features include a wrap-around deck, screened porch with outdoor fireplace, loft, solid surface counters, master on the main, & finished ... Top Features: for sale , Road , Mountain, Year Round , Subdivision: Coosawattee River , Built in  2006

MLS #203075 | Blairsville Mountain, Year Round Road Residential 3 Bedrooms / 2.5 Bathrooms For Sale Coosa Bend	193 coosa bend Blairsville, GA 30512
ROLLOVER TO VIEW 12 PHOTOS $300,000.00 Blairsville Residential For Sale 3 beds, 2 baths, 1 half baths, Southern style cape cod , formal dining, breakfast area,immaculate, spacious master on main and laundry,lovely landscaping,wrap around porch connecting to oversized garage with floored upstairs storage. year round view, corner 1.2 acre lot, ... Top Features: for sale , Road , Mountain, Year Round , Subdivision: Coosa Bend , Built in  2000

MLS #176856 | Unaka Mountain, Year Round Road Lots And Acreage For Sale	00 daylily drive Unaka, NC 28906
ROLLOVER TO VIEW 4 PHOTOS $300,000.00 Unaka Lots And Acreage For Sale Great acreage with good year round mountain views, beautiful ridge top, small creek and good access from Daylily Drive. Could be easily sub divided or keep it all for your own private retreat. Top Features: for sale , Road , Mountain, Year Round

MLS #201494 | Ellijay River Riverfront Lots And Acreage For Sale W.M. SLUDER	l8-10 davis road Ellijay, GA 30540
ROLLOVER TO VIEW 5 PHOTOS $300,000.00 Ellijay Lots And Acreage For Sale Fabulous Acreage on the ELLIJAY RIVER!! Come listen to the rushing river and relax in the swing under the hardwoods. It is almost impossible to find beautiful property like this that someone is willing to part with. Three lots sold as one. Already ... Top Features: for sale , Riverfront , River , Subdivision: W.M. SLUDER

MLS #202265 | McCaysville Mountain, Seasonal Road Residential 4 Bedrooms / 4 Bathrooms For Sale Wolf Creek Estates	lt 20 creek mountain road McCaysville, GA 30555
ROLLOVER TO VIEW 15 PHOTOS $300,000.00 McCaysville Residential For Sale 4 beds, 4 baths, Large Home for the Money. 4 bedroom 4 Bath. Second floor is unfinished. Can be two more bedrooms, large suite, office or storage. for a 4/4 or 5/4 you decide. The main level has oak wood floors throughout and recessed lighting adds the perfect ... Top Features: for sale , Road , Mountain, Seasonal , Subdivision: Wolf Creek Estates , Built in  2008

MLS #201270 | Morganton Year Round, Lake Lakefront Residential 2 Bedrooms / 2.5 Bathrooms For Sale	201 hideaway place Morganton, GA 30560
ROLLOVER TO VIEW 6 PHOTOS $300,000.00 Morganton Residential For Sale 2 beds, 2 baths, 1 half baths, Live on beautiful blue ridge lake, 2br/2.5ba townhouse, lr/dr/kt combo, vaulted ceilings, gas log stone fireplace, basement w/kitchenette & bath, your own personal boat slip. must see. Top Features: for sale , Lakefront , Year Round, Lake , Built in  1985

MLS #194154 | Ellijay Road Commercial For Sale, Foreclosure	5185a yukon road Ellijay, GA 30540
ROLLOVER TO VIEW 4 PHOTOS $300,000.00 Ellijay Commercial For Sale North Georgia/Ellijay, GA STRIP MALL: 4000 SQ FT Bank says sell this now!! FORECLOSURE~~BANK~~FORECLOSURE "YUKON CROSSING" Retail units. Fantastic Opportunity in a growing area of Ellijay, GA Four units approx. 1000 sq ft each with glass door ... Top Features: for sale, foreclosure , Road , Built in  2004

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