Thursday, April 23, 2020

YOU get a credit report & YOU get a credit report...!


Now you can add checking your credit report to your quarantine to do list.


Equifax, Experian & TransUnion are throwing us a bone amidst the COVID-19 Pandemic. Reports that consumers can normally access just once a year for free can now be reviewed WEEKLY at no cost. The icing on the cake? This promotion is in place for one full year.

Hopefully we'll be back to business as usual long before April 2021...but at least we'll be able to keep an eye on our finances either way - just before your online online workout and right after your kid teaches you the newest Tik Tok dance (priorities). 


Friday, February 21, 2020

Weclome to Atlanta!

Step 1. Find a good podcast - traffic is a thing here.

Step 2. Watch this video for exciting news

Step 3. Call Ken Harris and Associates Realty!

...Here's the rest. Enjoy!


10 Steps to Buying a Home


Step 1: Find the Right Real Estate Agent or Broker
Real estate agents are important partners when you’re buying or selling a home. Real estate agents can provide you with helpful information on homes and neighborhoods that isn’t easily accessible to the public. Their knowledge of the home buying process, negotiating skills, and familiarity with the area you want to live in can be extremely valuable. And best of all, it doesn’t cost you anything to use an agent – they’re compensated from the commission paid by the seller of the house.
All that for free!

Step 2: Determine How Much House You Can Afford
Lenders generally recommend that people look for homes that cost no more than three to five times their annual household income if the home buyers plan to make a 20% down payment and have a moderate amount of other debt. Your Broker can recommend a couple of Mortgage Brokers to get you started. You may also consult with your local bank or credit union. Insider tip -  it has been my experience that the banks don’t usually close as scheduled or promised.

Step 3: Get Prequalified and Preapproved for credit for Your Mortgage
Before you start looking for a home, you will need to know how much you can spend. The best way to do that is to get prequalified for a mortgage. To get prequalified, you just need to provide some financial information to your mortgage broker, such as your income and the amount of savings and investments you have. Your lender will review this information and tell you how much they can lend you. This will tell you the price range of the homes you should be looking at. Later, you can get preapproved for credit, which involves providing your financial documents (W-2 statements, paycheck stubs, bank account statements, etc.) so your lender can verify your financial status and credit.


Step 4: Start Your Research Early
As soon as you can, visit your Broker’s web site, and look at real estate listings. Make a note of particular homes you are interested in. (This is the fun part!)


Step 5: Shop for Your Home and Make an Offer
Have your real estate professional schedule a tour of properties as soon as possible. It might be helpful to take notes (using this helpful checklist) on all the homes you visit. You will see a lot of houses! It can be hard to remember everything about them, so you might want to use your cell phone to take pictures to help remember features of each home.
Make sure to check out the little details of each house. For example:
Location to amenities, safety for children, comfortable commute to work. Does home fit your family’s needs and lifestyle?

Step 6: Get a Home Inspection
Typically, purchase offers are contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing. Your real estate agent usually will help you arrange to have this inspection conducted within a few days of your offer being accepted by the seller. This contingency protects you by giving you a chance to renegotiate your offer or withdraw it without penalty if the inspection reveals significant material damage.

Step 7: Work with your Mortgage Banker to complete Your Loan
Every home buyer has their own priorities when choosing a mortgage. Some are interested in keeping their monthly payments as low as possible. Others are interested in making sure that their monthly payments never increase. And still others pick a loan based on the knowledge they will be moving again in just a few years. It’s important to get required documentation to lender as required. Delays in delivering could delay the closing of your new home.

Step 8: Have the Home Appraised
Lenders will arrange for an appraiser to provide an independent estimate of the value of the house you are buying. The appraiser is a member of a third-party company and is not directly associated with the lender. The appraisal will let all the parties involved know that you are paying a fair price for the home.

Step 9: Coordinate the Paperwork
As you can imagine, there is a lot of paperwork involved in buying a house. Your agent or broker will arrange for a closing attorney or title company to handle all of the paperwork and make sure that the seller is the rightful owner of the house you are buying.

Step 10: Close the Sale
At closing, you will sign the paperwork required to complete the purchase, including your loan documents.


CONGRATULATIONS! You are living the American Dream.

Friday, February 7, 2020

Mortgage Troubles? Don't Complain,Get Cash. Act Fast!

Hello,  Atlanta!

Here with a free gift for y'all on this fine Friday. Got the mortage blues? The government is here to help. (Yes, really!)

It's called HomeSafe Georgia and Fox 5 has all the details for you. It's FREE MONEY and all good things must come to an end - March 31st to be specific -  so the sooner you apply, the better. 

Get those applications in ATL! Questions? Call 678-978-SALE.

You can thank us later. 

Thursday, January 30, 2020

Nice to Meet You.






It’s an odd feeling to see your dad’s name on a For Sale sign. It’s one thing to show up on Take Your Daughter to Work day once a year and spend the day running from office to office and playing with the knickknacks on his desk; it is quite another to spot a Ken Harris & Associates sign on your drive home from school.

Whatever excitement I may have felt seeing my (ok, ok, OUR) last name plastered in yards and on magazine covers, I didn’t know what it truly meant to help a family find their home. But nobody really knows what their dad does though, right?

My interest in KHASSOC peaked in college when I spent a few summers managing my father’s office. (And when I say peaked, I refer to the life – altering fact that my dad signed my checks…which is a dangerous game to play!)

As a grown up I now finally understand what it means to buy a home. To own a home. The often long and hard road to owning that home. When I was 18 my dad made the decision to get in the people business and I think it is finally time I learn a little more about the family business.

Meet me right here every month; we’ll talk a little shop.  Advice, tips & tricks, industry pointers…in layman’s terms that we can all understand.


We are Ken Harris & Associates – nice to meet you. Don’t just partner with professionals. Partner with people.



-Kendolyn J. Harris








Monday, June 27, 2016

Buyer's Market - Seller's Market ? Should I care?

  There is much chatter today that we are in a Seller's Market in the Real Estate Industry. So what exactly does that mean to someone that may be buying or selling real property today? Let's take a look at some of the factors that determine our market:
 In a Buyer's Market there is typically a large inventory or selection of homes to purchase. While this is the primary factor there are other elements that influence market type, such as interest rate, employment rate and/or political climate to name a few.  When looking at inventory, we are looking at the number of homes on the market compared to the number of buyers actively looking to purchase. When the ratio of buyers to homes is less than 45% it is considered a Buyer's  market. In layman's terms: When there are more homes available than active Buyer's it is considered a Buyer's market. Home prices remain stable or sometime decline in a Buyer's market.
  In a Seller's market you have less available inventory than those wanting to buy a home. We are currently in a Seller's market as the inventory remains low partly due to many builders pulling out of the business during the thankfully now ended recession.  Another factor that exist in a Seller's Market is home prices tend to rise since the demand to purchase and is higher than available homes to purchase.  Again, inventory is a primary factor but there are others such as interest rate, area conditions, area growth plan and amenities.
We also need to look at the cost to borrow money. Fortunately, for anyone planning to buy a home today the rates are lower than they have ever been in this country.  Hopefully this brief explanation helps clarify some of the conditions that affect the real estate market. However, I think the important point to notice is that we are in an active market with great interest rates. If you are considering home ownership, now is the time. Contact us for assistance at www.khassoc.com.

Thursday, June 9, 2016

Atlanta is wonderful, growing and has grant $$$ available

  If you have considered relocating to Atlanta, now is the time. Atlanta continues to grow and mature as one of America's favorite places to live. While the Atlanta suburbs here maintain their healthy growth, the city of Atlanta has put its words into action and recently stepped up Atlanta's desire to be the destination place for the Southeast. Imagine the new Beltline with restaurants, shops, walking trails and parks all within the city of Atlanta. That's right, you can now enjoy to convenience of public transportation, live within a short Uber ride to major attractions, take in all that city living has to offer and receive financial support from the city of Atlanta in the form of Grant funds.
  What are grant funds? I'm glad that you asked because many do not know that this "FREE MONEY" is available. Grant funds are $$$ set aside by the government (In this case the city of Atlanta) for the purchase of real property or homes.
See below for current Atlanta programs.

*City of Atlanta 2017 Applications for Consolidated Plan HUD Grant Programs
The City of Atlanta, Department of Finance Office of Grants Services is currently accepting applications for the 2017 Community Development Block Grant (CDBG), Home Investment Partnership Program (HOME), Social Services and Housing Opportunities for persons Living with HIV/AIDS (HOPWA) programs:

  • Community Development Block Grant Program (CDBG estimated $6.7 million),
  • Home Investment Partnership Program (HOME estimated $1.4 million),
  • Emergency Solutions Grant (ESG estimated $611,000) and
  • Housing Opportunities for Persons Living with AIDS (HOPWA $16.0 million).             *Source: City of Atlanta web site
  What I like most about grants is that they are  FREE MONEY.  Once the funds are awarded, basically all you have to do is live in the property and maintain it. Most grants are "forgiven" in increments on an annual bases and once the time has lapsed, there is no repayment.
 Looking a bit closer:
You receive a $20,000 grant on a home purchase of $200,000
That means you are getting a $200,00 home at $180,000
If the grant is forgiven at 10% per year it would take 10 years for the total grant to be forgiven
      The $20,000 loan would be $18,000 at the end of the first year
      The $20,000 loan would be $16,000 at the end of the 2nd year
      The $20,000 loan would be $14,000 at the end of the 3rd year...........
That's right the "free loan" that you obtained would decrease by $2,000.00 per year and you don't have to make any payments. If you live in the property for the term (10 years) then the entire loan is forgiven. FREE MONEY!!!
FYI
Grant funds are not limited to the city of Atlanta.
For more information and to discuss relocating to or buying property in Georgia call Ken Harris at (770)998-9859