If you’re on the lookout for a new home, you may be intimidated by the state of the current market and a complicated real estate process that no one ever explained to you. The truth is, if you do a little bit of research, have your finances in order, and have a few key professionals by your side (including a Beverly-Hanks real estate expert), buying a home isn’t so scary. We’re here to make the process as stress-free as possible, as soon as you’re ready to get started.
Here are three things to do if you’re getting serious about buying a home.
Do Your Research
We know you spent 45 minutes last night researching the best brand of athletic socks to order from the Target app. You should take buying a home just as seriously, if not more. And we make it easy for you to get started. The Beverly-Hanks Market Research Center is your one-stop shop for up-to-date market trends. And our real estate blog is a great resource for first-time home buyers. We recommend starting by gathering community information, from the quality of schools and amenities to home supply and how long they’re staying on the market. Plus, whether this is your first home or your fifth, it’s always helpful to review “How to Buy a Home in NC in 12 Easy Steps“.
Review Your Finances
Fully understanding your finances is critical to making an offer on a home. Before you begin your home search, you will need to know if you are financially able to cover the mortgage. It’s also important to know whether you can make repairs to the house once you move in. (Even in new homes, you will have to repair something eventually.) Step one of this process is to review your four Cs: capacity, collateral, capital, and credit. Take a look at our mortgage FAQs, and make sure you understand the most important questions to ask your loan officer when the time comes. And if this is your first loan, don’t forget to review “How to Secure a Home Loan in 16 Steps“.
Talk to the Neighbors
If you’ve found a particular home you want to buy, talking with the neighbors is a great way to learn more. Neighbors will have details about the home and the neighborhood that your agent won’t—from “the old lady that lived there when we were growing up” to details about the HOA. Learning more about the condition of the home and why the sellers are selling may put you in a better bargaining position when it comes to making an offer. If you’re lucky (or, perhaps, unlucky), the neighbors might even clue you in to points that the seller “forgot” to mention on the North Carolina Residential Property Disclosure form.
If You’re Serious about Buying a Home, We’re Serious about Helping You!
Your Beverly-Hanks agent is an excellent source of property and community information. And as a full-service real estate firm, they stick by your side from contract to closing. If you are getting serious about buying a home and have specific questions, be sure to let them know. We’re here to make sure you are confident in your real estate purchase.
All real estate is local. In order to make confident real estate decisions, it’s important to have timely and neighborhood-specific information. Contact us today to speak with a Beverly-Hanks real estate agent about buying homes and land in Western North Carolina. View all Beverly-Hanks real estate listings.