What’s the Homebuying Process in Georgia?

By Rachel Mooney

Rachel has built a reputation for making the complex process of buying and selling homes not only enjoyable but also financially rewarding. Her deep understanding of the local market, combined with her genuine passion for helping families transition through different stages of life, has allowed her to serve hundreds of clients with exceptional care and professionalism.

Buying a home is an exciting journey, but it can also feel overwhelming, especially if you’re new to Georgia or purchasing your first home. You’re likely wondering where to start and how to make the process as smooth as possible. But don’t worry—there’s a clear, simple path to help you navigate through it with confidence.

Step 1: Schedule your buyer consultation. The first step in buying a home in Georgia is scheduling a buyer consultation. This is a chance for you to learn about the entire home buying process in the state. You’ll have the opportunity to ask questions, get advice, and understand the steps involved. If you’re out of state, a Zoom meeting is a convenient option too.

Why is Georgia different? One important thing to know is that Georgia is an “attorney state,” meaning the process here is different from other states. Understanding these differences early on will help you feel more prepared. For example, the closing process here requires an attorney, unlike title states. During your consultation, the unique aspects of Georgia’s process will be explained to ensure you know exactly what to expect.

Step 2: Understand your financing. Before diving into home searches, you need to understand your financing options. Are you a first-time homebuyer? Do you qualify for a VA loan? Getting pre-approved by a lender will give you a clear picture of how much you can afford. Knowing your options ensures you can focus your home search on properties that fit within your budget.

Step 3: Finding the right home. Once you understand your financing, the fun begins! Start looking for homes that match your needs. Whether you’re looking for a cozy cottage or a larger family home, having a good idea of what’s available will help you find the perfect place. Keep in mind, the real estate market can move fast, so having your financing in place will help you act quickly when you find the right one.

Step 4: Getting under contract. Once you find a home you love, the next step is to make an offer. In Georgia, contracts are based on calendar days, not business days, so it’s important to stay on top of timelines. This includes home inspections, earnest money deposits, and other key steps in the process. Staying organized and on schedule will help prevent delays.

Step 5: Financial commitments. When buying a home, there are a few financial commitments you’ll need to make early in the process. These costs may seem daunting at first, but understanding what they are and why they matter will help you feel more confident as you move forward. It’s important to be prepared for these costs so there are no surprises along the way. Here’s a breakdown of the key financial aspects to keep in mind:

• Earnest money: This is typically 1-2% of the sales price, paid into an escrow account. It shows the seller you’re serious about purchasing the home and is credited to you at closing.
• Home inspection: A home inspection is recommended to ensure the property is in good condition. The inspector will look for any issues that may need attention, from structural concerns to safety hazards. The cost generally ranges from $500 to $800, depending on the size of the home.
• Appraisal: If you’re financing your home, the lender will order an appraisal to ensure the property’s value matches the loan amount. This protects both you and the lender from overpaying for the home. Appraisals typically cost $500 to $700.

Being prepared for these financial commitments will help keep the process moving smoothly and prevent unnecessary stress as you get closer to closing.

Buying a home is a big decision, and having the right guidance along the way makes all the difference. Whether you’re in Georgia or out of state, following the right steps can help make the process smoother and less stressful. If you’re planning on buying a home in Georgia and need help from an expert, you can call or text me at 678-804-4733 or email me at rachel@rachelmooney.com. I look forward to hearing from you!