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Re/Max Around Atlanta ~ Avenues in West Cobb
Jerrie Lusk & Associates
3375 Dallas Hwy.
Marietta, Georgia 30064
678-819-9296

Vista Lake
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Information for Georgia Homeowners, Buyers and Sellers



  Land Contract

An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property only transfers to the land contract buyer on fulfillment of the land contract obligations.
A land contract can be helpful for those who need time to establish or improve their credit rating. There are only small closing costs, and payment can help establish a good mortgage payment record. This can help establish an overall good credit rating, and it is possible for the buyer to later refinance the land contract with a conforming loan.
On the other hand, there are risks associated with land contracts. Land contract purchases are not necessarily recorded in the public record, and there are no guarantees that the seller will be able to transfer a clear title to the buyer upon fulfillment of the land contract. There also is no lender assuring that the purchase price for the property is justified, and no inspection of the property's condition.
Another alternative to a non-conforming loan is assuming the seller's mortgage. By assuming a mortgage, if the mortgage is assumable, it is possible to save on closing costs, and may allow you to obtain a favorable interest rate.

Jerrie Lusk, CRS
Associate Broker
Re/Max Around Atlanta
Phone: 770-529-6933 / 404-520-4693

www.MyRealtyAgent.com

Information provided by My Realty Agent as a service to home owners, buyers and sellers and is believed to be accurate but is not warranted. Always consult with real estate attorney on legal matters concerning real estate.

 

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View Video Tour of Vista Lake Homes. A resort like new home community in Northwest Atlanta Metro, Dallas, Georgia



Specialization
I specialize in representing my clients in the purchases and sale of single-family residences, homes, condos and townhouses within the cities of Atlanta, Smyrna, Vinings, Cartersville, Dallas, Mableton, Powder Springs, Hiram, Emerson, Roswell, Acworth, Kennesaw, and Marietta. I keep current of all transactions in these areas, and I'm also very knowledgeable with the local schools.

Personal
Serving in Atlanta area home buyers and sellers over 25 years as a Realtor and Licensed Georgia Real Estate Broker. My youth was filled with extra-curricular activities and organization centered around school, church and Smyrna athletics.

What's a CRS?

Value of Becoming a CRS

The Certified Residential Specialist (CRS) is the highest Designation awarded to sales associates in the residential sales field. The CRS Designation recognizes professional accomplishments in both experience and education.

Since 1977 the Council of Residential Specialists has been conferring the CRS Designation on agents who meet its stringent requirements. Currently, there are only 34,000 active real estate agents who are CRS Designees.

Certifications and Recognitions
CRS, Certified Residential Specialist
Phoenix Award, Active Life
Million Dollar Club, Active Life
National Top Dozen Award

p.s.
SELLERS!
Planning to sell your home in the next few months? Simply choose [My House Value] and fill out the requested information. I will use comparable sold listings to help you calculate the fair market value of your home without obligation.

BUYERS!
Automatically receive personalized MLS listings by e-mail. Early each morning I will search the local MLS and find the homes that match your criteria and notify you immediately with the latest listing information!! Simply choose www.updatedlistings.com and fill in the requested information. Or, search for yourself at [Company Listings] |


My Realty Agent, Re/Max Around Atlanta


Homes in Dallas Ga, Hiram Ga, Marietta Ga, Acworth Ga, Douglasville Ga and Around Atlanta,GA



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