Hi first time homebuyer here looking into the Atlanta market – would really appreciate any advice. Considering purchasing a townhome in Chosewood Park near the Belt Line South Side Trail (close to Grant Park). Really confused on whether to go for a property or if it is overpriced and we should wait out market uncertainty.
Type: 3BR/3.5B new build townhome by DR Horton
Sq. Ft: ~1,900
Price: $482K
Interest rate: 4.99% conventional
Incentives: $12K in closing cost, appliances, etc.
About us: 30-year olds, working professionals, no kids, 780 credit score, currently renting month-to-month so have flexibility.
What do you all think on whether to buy or wait out? Does the price feel inflated for the Atlanta market for those who are familiar? Is there anything else we can negotiate on?
Posted by Agile_Database_6922
1 Comment
Personally I’d never buy a townhouse, and I would also never buy from one of these gigantic national builders,
I also think if you have to ask reddit about a decision then you probably aren’t ready for said decision. It’s probably one of the largest purchases you will ever make, strangers on the internet (most of which are probably teenagers pretending to be RE moguls lol) are not going to be able to give you actionable advice.