Loans By Kathy: Atlanta Home Buyers Be Ready!

Atlanta Home Buyers Be Ready!

Atlanta home buyers be ready!  The spring market is in full swing and that means home buyers need to Kathy Sheehanready.  Ready not just to write the offer once they find their dream home, but most importantly be ready financially.  So before you look at that first home here are a few things that you should have squared away:

  • Know your household budget - what do you want to spend?
  • Review your credit report!!!  Make sure any errors have been corrected
  • Get your paperwork in order ---

     *2011 and 2012 FEDERAL tax returns - this must include all schedules!  Do not black out information or send STATE returns
     *2011 and 2012 W-2's 
     * Last 2 months asset statements - including checking, savings, 401K
     * Last 30 days pay stubs
     * Copy of your driver's license
     * Copy of your social security card
     * Name of the apartment management company and contact information OR 12 months canceled rent checks
     * Name of the contact person the Human Resources Department that can verify employment
     * Name and contact information for the homeowner's insurance agent you work with
     * Copy of divorce decree and settlement (if applicable)
     * Copy of bankruptcy filing and discharge papers (if applicable)

  • Once you have been pre-qualified DO NOT make any changes to ANYTHING unless you speak with you licensed Loan Officer.



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Kathy Sheehan Senior Loan Officer






Bay Equity LLC

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11475 Great Oaks Way, Suite 350, Alpharetta, GA 30002

800.BAY.3703 Bay Equity LLC NMLS ID#76988



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The opinions and general information in this blog are soley those of Kathy Sheehan.  Specifics regarding an individual case should be discussed in detail with a loan professional.  For a confidential consultation, please feel free to contact me via phone or email.  All terms and conditions are subject to change.


Comment balloon 14 commentsKathy Sheehan • May 18 2013 06:32PM


Kathy: This is excellent advice for all consumers!  Having your documents ready will save time and keep the frustration level at a minimum as buyers go through the qual/approval process.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) over 6 years ago

Anita, you are absolutely right!!!  If buyers follow these instructions, it should be an easy process.

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) over 6 years ago

Yes I agree this is excellent advice...and home owners should be calling Kathy Sheehan to list their home.

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty) over 6 years ago

Get these documents together and be sure to hire Kathy Sheehan to represent YOU in your home purchase! She'll look out for YOUR best interests!

Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTOR® (101 Main St. Realty) over 6 years ago

Great info Kathy.  In these crazy times buyers need to be READY!  Good post.                                                          

Posted by Amanda Christiansen, Christiansen Group Realty (Christiansen Group Realty (260)704-0843) over 6 years ago

Rebecca, Joni - thanks for the endorsement!

Amanda and Jared, it is so much easier when buyers are prepared.

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) over 6 years ago

Charlotte market is hot too! I keep pushing my clients to be ready, ready, ready and to be prepared for a multiple offer situation as well or to make offers quickly before anyone else has a chance to do so.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) over 6 years ago

Hi Kathy - congrats on the well-deserved feature.  As you say, get everything in order and don't change anything until you speak with your lender!

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 over 6 years ago

Kathy, squaring away these items should insure a smooth loan process. Excellent post!

Posted by Michael Setunsky, Your Commercial Real Estate Link to Northern VA over 6 years ago

Nina in a multiple offer situation, being financially ready is key!

Michael, following that simple instruction is key!

Miachel, thanks!


Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) over 6 years ago

Snooze and loose..this is the market buyers have been saving for! It is past time to pull the home buying trigger. To remove those long painful splinters from fence, side lines strattling way too long.

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) over 6 years ago

Great information for every buyer in any city! @Andrew you are right on the money....and seller's too. I am surprised everyday when people don't decide to sell or buy. Timing could not be better....

Posted by Ramonica Caldwell, Houston Residential Real Estate Broker (Ramonica Caldwell Real Estate Group LLC) over 6 years ago

Informative blog.  The advise is great and if it is followed it should be an easy transaction. Thanks for sharing.


Posted by Team Honeycutt (Allen Tate) over 6 years ago

Andrew, exactly!

Ramonica, yes it applies in all markets

Betty, I am all for an easy transaction!

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) over 6 years ago