Richmond Hill Home Buyer Frequently Asked Questions (FAQs)

Richmond Hill Home Buyer Frequently Asked Questions (FAQs)

How to Buy a Home in Richmond Hill, Georgia

Buying a home in Richmond Hill is easier than you may think!  Here are the most frequently asked questions by our clients on buying a home in Richmond Hill, Georgia with a Realtor®.

 

Lender Pre-Qualification

What's the first step in buying a home in Richmond Hill?

The first step in buying a home in Richmond Hill is to get pre-qualified for a home loan with a mortgage lender. 

 

Why should I get pre-qualified?

Once pre-qualified you'll know how much home you can afford, and your monthly mortgage payment, including property taxes and homeowner's insurance.  This will allow you to begin your Richmond Hill home search with confidence! Your lender will also help you determine which loan program is right for you, such as:

  • Department of Veterans Affairs (VA) loan
  • Federal Housing Administration (FHA) loan
  • U.S  Department of Agriculture (USDA) loan
  • Conventional loan

 

Why do I need a lender pre-qualification letter?

Once you find the perfect Richmond Hill home, your lender pre-qualification letter is included with your purchase offer to inform the seller that you're qualified and ready to purchase the home. 

 

Closing Costs

What are closing costs?

Closing costs are those associated with the purchase of your Richmond Hill home.  They include items such as the home appraisal, property taxes, homeowner's insurance, lender fees, closing attorney fees, state and local taxes, etc.  Your lender will breakdown and explain costs in your closing disclosure.

 

How much are closing costs?

The amount depends on the sales price of the home, Richmond Hill property taxes, home insurance, etc.  Your mortgage lender can estimate closing costs for the home you're interested in.

 

Who pays closing costs?

Closing costs are paid by the home Buyer.  However, Buyers can sometimes negotiate a contribution at closing from the seller.  

 

Earnest Money

What is earnest money?

Earnest money is offered by Buyers as good faith of their intention to purchase the home.  Although it's not a legal requirement in Georgia, it's common practice.

 

How much earnest money will I need?

There is no set amount for earnest money.  It can be whatever amount both Buyer and seller agree to. 

 

What happens to my earnest money when I purchase the home?

Earnest money is applied to Buyer closing costs.

 

What happens to my earnest money if I don't purchase the home?

If home Buyers terminate the purchase agreement during the due diligence option period, financing contingency period, or appraisal contingency period, their earnest money is refunded.

 

Due Diligence Period

What is the due diligence period?

This option period is the home Buyer's opportunity to examine the home, assess the home's condition, and decide whether or not to proceed with the purchase.

 

How long is the due diligence period?

The due diligence period can be any number of days agreed to by Buyer and seller.  

 

What happens during the due diligence period?

We strongly recommend that Buyers hire an experienced Richmond Hill home inspector to examine the home and provide a written assessment of the home's condition.  Additionally, the Buyer should personally inspect the home and investigate any concerns.

 

What if I have concerns about the home during the due diligence period?

Home Buyers have the option to negotiate concerns with the seller, including home repairs or other seller concessions.

 

Can I cancel during the due diligence period?

This is the Buyer's option period.  Home Buyers have the right to unilaterally terminate during the due diligence period, without penalty. Earnest money is refunded to the Buyer.

 

Home Inspection

What is a home inspection?

A home inspection is a limited visual inspection & general assessment of the home's condition.  The home inspector will provide an opinion on the home, including potential concerns, in the form of a written report.  Home Buyers can utilize the report as a tool to better understand the condition of the home. Additionally, Buyers should personally inspect the home and investigate any concerns. 

We strongly recommend the home inspection be completed during the due diligence period, allowing the opportunity to negotiate repairs, additional concessions from the seller, or unilaterally terminate the purchase agreement.

 

Who orders the home inspection?

The home inspection is ordered and paid for by the home Buyer during the due diligence option period.  

 

How can I find the right home inspector?

Selecting the right inspector is key. Buyers should choose a qualified and experienced home inspector. We can also recommend competent and trusted Richmond Hill home inspectors. 

 

Financing Contingency Period

What is the financing contingency period?

If home Buyers are turned down for a loan by their lender, they can terminate during this period by providing a loan denial letter to the seller.  Earnest money is refunded to the Buyer. 

The Buyer's rights under the amendatory clause exist even after the expiration of the financing contingency period for VA & FHA loans.

 

Home Appraisal

What is a home appraisal?

A home appraisal is a standardized third-party assessment of the home's value.  The appraiser independently determines the reasonable or fair market value of the home, ensuring that Buyers don't pay more than the home is worth and lenders don't lend more than the home is worth.

 

Who orders the home appraisal?

The home appraisal is ordered by the mortgage lender, and should be completed within the appraisal contingency period for both United States Department of Agriculture (USDA) and Conventional loans.  

 

Appraisal Contingency Period

What is the appraisal contingency period?

If the home's appraised value is less than the purchase price, home Buyers have options during the appraisal contingency period for USDA & Conventional loans:

Negotiate the Price. Buyer can attempt to renegotiate the lower purchase price with the seller.

Pay the Difference.  Buyer can chose to pay the difference in cash, at the closing.

Terminate. Buyer can terminate the purchase agreement, without penalty.  Earnest money is refunded to the Buyer.

 

The appraisal contingency period does not apply to VA & FHA loans because the amendatory clause prevents Buyers from being compelled to pay more than the appraised value of the home.

 

VA Amendatory Clause

What is the VA loan amendatory clause?

When Buyers choose to finance their home purchase with a VA loan, a qualified appraiser determines the home's reasonable value by completing a Veterans Administration (VA) appraisal.

The home Buyer's loan amount cannot exceed the VA appraised value. If the loan amount does exceed the appraised value, Buyers have options:

Negotiate the Price. Buyer can attempt to renegotiate the lower purchase price with the seller.

Pay the Difference.  Buyer can chose to pay the difference in cash, at the closing.

Terminate. Buyer can terminate the purchase agreement, without penalty.  Earnest money is refunded to the Buyer.

 

FHA Amendatory Clause

What is the FHA loan amendatory clause?

When Buyers choose to finance their home purchase with an FHA loan, a qualified appraiser determines the home's reasonable value by completing a Federal Housing Administration (FHA) appraisal.

The home Buyer's loan amount cannot exceed the FHA appraised value. If the loan amount does exceed the appraised value, Buyers have options:

Negotiate the Price. Buyer can attempt to renegotiate the lower purchase price with the seller.

Pay the Difference.  Buyer can chose to pay the difference in cash, at the closing.

Terminate. Buyer can terminate the purchase agreement, without penalty.  Earnest money is refunded to the Buyer.

 

Buyer Agreements

What is a buyer agreement?

A written agreement is required by Georgia state law when a real estate broker has a client relationship with the home buyer and by the National Association of Realtors® when working with home Buyers prior to touring a home (in-person or virtually).

 

What is an exclusive buyer brokerage agreement?

It's simply a written agreement between the home Buyer and broker which establishes a confidential client relationship.  The Georgia Realtors® Exclusive Buyer Brokerage Engagement Agreement permits the Buyer's broker to act exclusively on the Buyer's behalf in locating, negotiating the purchase of real property, and completing the purchase offer for the Buyer's review and approval.

 

Richmond Hill Homes

Homes by Price in Richmond Hill

Homes for sale under $200k in Richmond Hill GA
Homes for sale under $250k in Richmond Hill GA
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Homes for sale under $350k in Richmond Hill GA
Homes for sale under $400k in Richmond Hill GA

 

Richmond Hill Realtors

Experienced and highly-rated Richmond Hill Realtors® are here to answer all your home buying questions. Contact us today and start your home search to find the Richmond Hill home that's right for you.

💬   Text Message Us     📞   Call 912-289-3077

Richmond Hill Homes for Sale

$399,900
4 Beds ⋅ 3 Baths ⋅ SA362508 MLS
Welcome to 150 Smoke Rise, a stylishly updated home located in the desirable Creekside community of Richmond Hill! With charming curb appeal and a bright, inviting interior, this home offers a spacious and versatile floor plan designed for comfortable everyday living. Step inside to an airy living room filled with natural light from an abundance of windows. The living space flows seamlessly into the bright kitchen, featuring an island overlooking the living room and plenty of space for gathering and entertaining. Just off the kitchen, the dining area continues the light and welcoming feel with additional windows and natural light. Stylish updates throughout the home give each space a fresh, modern feel. The spacious primary suite offers a sitting area currently used as a home office, providing a flexible space for working, reading, or relaxing. The suite also features a large walk-in closet and a beautiful spa-like bathroom complete with dual vanities, a separate soaking tub, and a walk-in shower. Two additional generously sized bedrooms and a full bathroom are conveniently located on the main level. Upstairs, you'll find an expansive loft with its own full bathroom, creating an ideal second living area, media room, game room, or guest retreat. An additional bedroom located just off the loft adds even more flexibility to the home's floor plan. Outside, enjoy a huge covered patio overlooking the backyard, perfect for relaxing or entertaining year-round. Privacy fencing along both sides of the property adds extra separation while maintaining an open feel. Located in Richmond Hill's Creekside community, this home offers convenient access to Savannah, Hunter Army Airfield, Fort Stewart, the Savannah/Hilton Head International Airport, shopping, dining, and major roadways. With its bright interior, flexible living spaces, stylish updates, and fantastic location, 150 Smoke Rise is ready to welcome its next owners!

150 Smoke Rise Rd, Richmond Hill

Listing courtesy of eXp Realty LLC.

$1,595,000
3 Beds ⋅ 4 Baths ⋅ SA364424 MLS
Low Country dream home on the largest lot in the Cherry Hill section of The Ford! This spacious residence exudes comfort and sophistication. Natural light floods the interior and the open concept living area is ideal for hosting gatherings. Newly renovated chef-inspired kitchen boasts a Viking double oven, six-burner gas cooktop, wine cooler, and stem glass dishwasher. Master retreat on main. Two generous ensuite bedrooms on the second floor plus a separate library/office that can easily be converted into a fourth bedroom. The home's wood floors have been beautifully redone, and the interior has been totally repainted throughout. Enjoy the outdoors from the generous porch areas, whether you prefer an open-air ambiance or the tranquility of a screened-in space — both the front and back porches have had their floors redone and freshly painted. With impeccable condition and extensive recent upgrades including a new drainage system, new A/C, redone wood floors, full interior repaint, refreshed front and back porches, and fresh landscaping, this home is truly turnkey. Don't miss the chance to experience The Ford Field and River Club at its finest. Membership is required. Schedule a private tour today and make this exquisite Cherry Hill residence your own!

45 Eagles Cv, Richmond Hill

Listing courtesy of Keller Williams Coastal Area P.

$574,115
5 Beds ⋅ 4 Baths ⋅ SA364390 MLS
Experience the Continental floor plan in Waterways, offering 5 bedrooms, 4 bathrooms, and a flexible layout designed for modern living. This home features a formal dining room, spacious gathering room with fireplace, and a gourmet kitchen with built-in appliances, upgraded island, beverage center, wine chiller, pot filler, and abundant cabinet space. A first-floor guest bedroom and full bath provide convenience for visitors or multi-generational living. Upstairs, two secondary bedrooms share a Jack-and-Jill bath, while an additional bedroom enjoys its own private en suite bath. The owner's suite offers a spacious retreat with a beautifully appointed bath and frameless shower. Designer finishes throughout include upgraded flooring, craftsman trim, wood stair treads, two-tone paint, and smart home features. Situated on a private cul-de-sac homesite, this home also includes a covered lanai, perfect for enjoying outdoor living.

297 Chatham Ln, Richmond Hill

Listing courtesy of Pulte Realty of Georgia Inc.

$279,900
3 Beds ⋅ 2 Baths ⋅ SA364264 MLS
Welcome to 212 Cypress Pointe Dr in Richmond Hill! This recently updated 3-bedroom, 2-bathroom townhome offers a comfortable blend of modern updates and convenient living. Step inside to find a refreshed interior with updated finishes throughout, creating a clean and inviting space that’s ready for its new owners. The functional floor plan provides plenty of room for everyday living, entertaining, or working from home. Located in desirable Richmond Hill, this home is conveniently situated near shopping, dining, schools, and major roadways, while still offering the peaceful feel of a residential community. Whether you’re a first-time buyer, looking to downsize, or seeking an investment opportunity, this move-in-ready townhome is worth a look!

212 Cypress Pointe Dr, Richmond Hill

Listing courtesy of Bodaford Realty LLC.

$499,900
4 Beds ⋅ 4 Baths ⋅ SA364278 MLS
THE ULTIMATE COASTAL RETREAT | RARE 3.5-BATH LAGOON SUITE WITH PRIVATE ELEVATOR. Nestled along the Great Ogeechee River with nearly 3,000 sq. ft. of low-maintenance luxury, 1704 River Oaks Drive was hand-selected before the gates opened for its premier elevated vantage point over the tranquil lagoon. This estate-sized residence offers turnkey coastal living steps from the river house, pool, fitness center, and deep-water marina—stroll right down to your boat! RARE 3.5-BATH LAYOUT WITH PRIVATE SUITE: Featuring dual-access entry, this private suite offers ultimate convenience—stepping directly into the gourmet kitchen on one side, and out to your private wood-grained elevator on the other. The expansive 4th bedroom features its own ensuite full bath. This versatile wing serves as an independent suite—ideal for multi-generational living, a guest retreat, or an executive office. Arrive with ease using your elevator, ascending directly from the foyer and oversized 2-car garage. Inside, the open-concept layout features new LVP flooring, plush carpeting, and designer paint. The chef’s kitchen showcases custom cabinetry, a central island, a wrap-around bar, and new stainless appliances. The living room features a marble built-in gas fireplace with custom floor-to-ceiling cabinetry. Indoor and Outdoor living awaits on the private screened veranda with new porcelain tile flooring, the ultimate for morning coffee or evening cocktails. The owner's ensuite offers private access to the screened veranda, dual vanities, jetted tub, private shower, and walk-in closet. UNBEATABLE SELLER INCENTIVE: $7,300 Total ($5,000 toward closing costs PLUS paying all HOA dues through year-end, a $2,300 value)! River Oaks offers a true resort lifestyle in the top-rated Bryan County School District—once home, no car is needed to enjoy coastal living. Reward yourself with the lifestyle you deserve—schedule your private tour today!

1704 River Oaks Dr Unit 1704, Richmond Hill

Listing courtesy of Keller Williams Coastal Area P.

$1,450,000
4 Beds ⋅ 4 Baths ⋅ SA364047 MLS
WATERFRONT LUXURY ON THE GRAND LAGOON! Inspired by the renowned Amelia Island Idea House, this extraordinary custom home delivers timeless Lowcountry style, exceptional craftsmanship, and resort-style living on a private 0.73-acre lot in Waterways. From the crape myrtle-lined drive and gas lanterns to the double front balconies and protected wooded views, every detail makes a lasting impression. Inside, French white oak floors, exposed beams, shiplap, rich millwork, and designer lighting create an elevated yet welcoming atmosphere. The showstopping chef’s kitchen features ceiling-height antique white cabinetry, a 48-inch KitchenAid range with pot filler, custom hood and backsplash, Thermador built-in refrigerator/freezer, wine cooler, walk-in pantry, and drop zone. The main-level owner’s suite offers a gas fireplace, French doors to the porch, and a spa-inspired bath with custom James Martin vanities. A private study, lagoon-view breakfast room, and expansive screened porch with wood-burning fireplace and outdoor kitchen make entertaining effortless. Upstairs are three additional bedrooms, including two guest suites, plus a spectacular media room with built-ins, gas fireplace, wine cooler, and access to a screened balcony with swinging beds and serene lagoon views. Maintenance-free Zuri decking spans every porch and balcony. The fenced backyard features a paver fire-pit patio with room for a future pool and leads to a private dock with water and electricity—perfect for kayaking, paddleboarding, fishing, or relaxing by the water. Additional highlights include 3.5-car garages, spray foam insulation, and Emtek hardware. Enjoy Waterways amenities including a marina, championship bass fishing, pools, fitness center, trails, dining, shopping, clubs, and year-round events. Now offered at an exceptional new price—this is Lowcountry waterfront living at its finest! (photos were enhanced)

485 Waterways Pkwy S, Richmond Hill

Listing courtesy of Mathews Coastal Realty.

$524,965
4 Beds ⋅ 4 Baths ⋅ SA364386 MLS
Spacious and thoughtfully designed, the Stonebrook in Osprey Point at Waterways offers 4 bedrooms, 3.5 baths, and flexible living spaces perfect for today's lifestyle. The open-concept floorplan features a dedicated office, a gourmet kitchen with an oversized island, and a spacious gathering room ideal for entertaining. The owner's suite serves as a private retreat with a supersized walk-in tiled shower and generous walk-in closet. Upstairs, a large loft provides additional living space perfect for a media room, playroom, or guest retreat. Well-appointed secondary bedrooms, abundant storage, and stylish finishes throughout complete this exceptional home. Enjoy the resort-style amenities and coastal lifestyle that make Waterways one of Richmond Hill's most sought-after communities.

154 Chatham Ln, Richmond Hill

Listing courtesy of Pulte Realty of Georgia Inc.

$409,900
3 Beds ⋅ 2 Baths ⋅ SA364322 MLS
Welcome to 177 Bea Rd in Richmond Hill. This 3-bedroom, 2-bath ranch sits on a full one-acre lot with no HOA in a quiet neighborhood just off US-17. Approximately 1,742 square feet of one-level living, plus an attached garage converted into additional heated-and-cooled living space. Updates include a new HVAC system, new metal roof, stainless steel appliances, and a gas fireplace. Outdoor living is ready to use: rebuilt gazebo around the grill and new pavers. Additional structures include a 2-car workshop with rolling doors plus covered RV/boat parking. Convenient to I-95, Highway 17, GA-204, shopping, dining, Richmond Hill schools, and Fort Stewart. Space, updates, and no HOA restrictions. Schedule your showing today.

177 Bea Rd, Richmond Hill

Listing courtesy of Realty One Group Inclusion.

$485,000
4 Beds ⋅ 3 Baths ⋅ SA364274 MLS
Beautifully maintained 4-bedroom, 3-bath home with coastal charm and a spacious, versatile floor plan. The open kitchen, living, and dining areas are perfect for everyday living and entertaining. Enjoy a large primary suite with an oversized walk-in closet, plus a flexible office and loft space ideal for a playroom, media room, or additional living area. Outside, relax on the screened porch or paver patio with fire pit, overlooking the oversized fenced backyard. A wonderful blend of comfort, style, and functionality!

67 Shortleaf Trl, Richmond Hill

Listing courtesy of Realty One Group Inclusion.

$384,000
4 Beds ⋅ 2 Baths ⋅ SA363911 MLS
Open concept design, expansive windows offering light-filled rooms and abundant indoor/outdoor living spaces are just a few of the highlights of this well-maintained home in desirable Richmond Hill. Featuring single story living, 4 bedrooms, 2 full baths and a chef’s kitchen with large central island, stainless appliances, granite counter tops and a large corner pantry this home truly has everything you are looking for…and more! The generous owner’s suite is marked by a large walk-in shower, double vanities and spacious walk-in closet. Additional amenities include a cozy covered back patio perfect for entertaining and dining alfresco, abundant storage throughout, large laundry room and wooded views which offers backyard privacy. You will love where you live in Richmond Hill!

125 Wedge Cir, Richmond Hill

Listing courtesy of Seaport Real Estate Group.

$650,000
4 Beds ⋅ 4 Baths ⋅ SA361875 MLS
Nestled among mature trees in the sought after Waterways community, this thoughtfully designed home welcomes you with a charming covered front porch and timeless curb appeal. Step inside to a grand foyer where the staircase creates an impressive first impression. Just off the entry, a private study or flex room offers the perfect space for a home office, library, or playroom. The formal dining room is accented with elegant wainscoting and connects to the kitchen through a butler’s pantry and an oversized walk in pantry, making entertaining effortless. At the center of the home, the kitchen features granite countertops, a farmhouse sink, tile backsplash, stainless steel appliances, pendant lighting, a large island, and abundant cabinetry and countertop space. The breakfast area is filled with natural light and offers the perfect place to start your day. The living room is warm and inviting with a fireplace, custom built in shelving and cabinetry, and a wet bar, creating a space that’s ready for everything from quiet evenings to entertaining guests. The living room also opens directly to the screened back porch, overlooking a fenced backyard with elegant wrought iron fencing and a peaceful wooded backdrop. The primary suite is conveniently located on the main level and features tray ceilings, a spacious walk in closet, and an ensuite bath with double vanities, a garden tub, and a tiled walk in shower. Upstairs, you’ll find three additional bedrooms, two full bathrooms, and carpet throughout the bedrooms for added comfort. Living in Waterways means enjoying one of Richmond Hill’s premier communities with resort style pools, lake, walking trails, parks, and countless opportunities to enjoy the outdoors.

85 Long Creek Ln, Richmond Hill

Listing courtesy of eXp Realty LLC.

$650,000
4 Beds ⋅ 4 Baths ⋅ 171530 MLS
Nestled among mature trees in the sought after Waterways community, this thoughtfully designed home welcomes you with a charming covered front porch and timeless curb appeal. Step inside to a grand foyer where the staircase creates an impressive first impression. Just off the entry, a private study or flex room offers the perfect space for a home office, library, or playroom. The formal dining room is accented with elegant wainscoting and connects to the kitchen through a butler's pantry and an oversized walk in pantry, making entertaining effortless. At the center of the home, the kitchen features granite countertops, a farmhouse sink, tile backsplash, stainless steel appliances, pendant lighting, a large island, and abundant cabinetry and countertop space. The breakfast area is filled with natural light and offers the perfect place to start your day. The living room is warm and inviting with a fireplace, custom built in shelving and cabinetry, and a wet bar, creating a space that's ready for everything from quiet evenings to entertaining guests. The living room also opens directly to the screened back porch, overlooking a fenced backyard with elegant wrought iron fencing and a peaceful wooded backdrop. The primary suite is conveniently located on the main level and features tray ceilings, a spacious walk in closet, and an ensuite bath with double vanities, a garden tub, and a tiled walk in shower. Upstairs, you'll find three additional bedrooms, two full bathrooms, and carpet throughout the bedrooms for added comfort. Living in Waterways means enjoying one of Richmond Hill's premier communities with resort style pools, lake, walking trails, parks, and countless opportunities to enjoy the outdoors.

85 Long Creek Lane, Richmond Hill

Listing courtesy of Exp Realty LLC.

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