Real Estate in Raleigh

8 Simple Secrets to Avoid Costly Mistakes Buying Your Dream Home

8 Simple Secrets to Avoid Costly Mistakes Buying Your Dream Home

So you’ve finally decided to buy your next home. Problem is while you were making up your mind, other fence sitters jumped into the home market too. Now you may be facing some competition for the best properties. What to do? Just because there are other buyers in the market doesn’t mean you can’t come away with your dream house. But to be a successful buyer in today’s real estate market you’re going to need help.

Your first best move is to know a few inside tricks. As experienced real estate professionals we have many more than eight ways to increase your chances of landing a prize property despite heavy competition. The following tested tips will increase your market savvy and sharpen your competitive position. Then you’ll be ready to act quickly the minute you see that perfect house.

Step 1: Get Pre-Approved

To be pre-approved for a mortgage loan is your first step. You will go through what amounts to a mini-application process (paperwork, credit check, etc.) prior to shopping for a house. Pre-approval is more effective than pre-qualification, which only gives you a rough idea of the amount a lender will lend you—assuming no hang-ups in the credit and income checking process. When you are pre-approved, it’s like carrying around a suitcase full of money. In the eyes of the seller, pre-approval makes you a very desirable “cash” buyer. That’s a real advantage over another buyer whose financing is uncertain.

Beat the Competition to the Newest Listings

Once you know your specific price range, your real estate agent can regularly do a computerized market sweep for new listings. You should receive a hot list of attractive properties as they come on the market. This will give you a head start on other buyers because you will get the listings before they are advertised. Timing can be a vital part of your home buying experience.

Do Your Research

Make yourself a “value expert” by investigating local properties to get an idea of price points, listing-to-sale-price ratios, hottest areas, and best places for a bargain. Once you know what your money will buy, your real estate agent can add up-to-the-minute knowledge of what comparable properties sell for in specific neighbourhoods and what impact specific features have on price. Working with a good agent will guarantee you the best price and terms.

Have your Agent Present the Offer in Person

Nobody wants their offer lingering on a fax machine in the listing agent’s office while other buyers are putting offers on the seller’s kitchen table. When the situation calls for that personal touch, you’ll gain an advantage by having your agent present your offer in person. He or she may pick up critical intelligence on any competing offers by being on the scene.

Prove you Mean Business

An excellent way of showing the seller you are serious about buying the house is to include a good faith deposit along with the offer you make. This deposit could be as much as 5% of the bid price and surely will attract the seller’s attention.

Stay Cool

When deciding on your dream home you do not have to over pay to get it. Sure, you may have to offer something other than the asking price, such as paying some or all points, inspections, closing costs, or offering a settlement date that fits the seller’s timetable. If you over pay now and have to sell your house in the future it will be harder for you to get back equal value.

Keep It Simple And Clean

You want to make sure that your contract isn’t sloppy or cluttered with contingencies such as repairs. Keep contingencies to a minimum. Even better, offer to be helpful, take care of repairs, order an inspection in 48 hours, or be willing to take care of any required local certificates such as smoke detectors and water safety. Be open and flexible to try to help accommodate the needs of the seller.

Don’t be a Lone Wolf

What you need most in today’s market is experienced professional guidance. As your neighbourhood real estate specialists we can help you get pre-approved, find a prize property, and negotiate the best deal on your next home no matter how heated the competition. Call us today. We’ll help you be a cool customer.


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  1. Photo of 1111 Matthews Glen Drive, Knightdale, NC 27545 (MLS # 2161590)
    24
    4 beds,  3 full, 1 half baths
    2,622 sqft   lot 8,276 sqft
    Walk Score® 47
    Listed with Berkshire Hathaway HomeServices YSU
    MLS 2161590
  2. Photo of 127 National Drive, Clayton, NC 27527 (MLS # 2161589)
    2
    4 beds,  2 full, 1 half baths
    2,325 sqft   lot 8,276 sqft
    Walk Score® 6
    Listed with HomeTowne Realty
    MLS 2161589
  3. Photo of 2630 Asher View Court, Raleigh, NC 27606 (MLS # 2161588)
    25
    3 beds,  2 full, 1 half baths
    1,947 sqft   lot 2,178 sqft
    Walk Score® 34
    Listed with Allen Tate Company/Apex
    MLS 2161588
  4. Photo of 3733 Landshire View Lane, Raleigh, NC 27616 (MLS # 2161586)
    25
    3 beds,  2 full, 1 half baths
    1,671 sqft   lot 2,614 sqft
    Walk Score® 11
    Listed with Howard Perry & Walston Realtor
    MLS 2161586
  5. Photo of 1190 Rogers Farm Road, Wake Forest, NC 27587 (MLS # 2161583)
    17
    4 beds,  4 full baths
    3,190 sqft   lot 43,560 sqft
    Walk Score® 0
    Listed with Julie Wright Realty Group
    MLS 2161583
  6. Photo of 5218 Duraleigh Road, Raleigh, NC 27612 (MLS # 2161582)
    17
    3 beds,  2 full baths
    1,458 sqft   lot 14,810 sqft
    Walk Score® 35
    Listed with Howard Perry & Walston Realtor
    MLS 2161582
  7. Photo of 395 Moonlight Drive, Fuquay Varina, NC 27526 (MLS # 2161536)
    4
    3 beds,  2 full baths
    1,376 sqft   lot 26,572 sqft
    Walk Score® 1
    Listed with Grow Local Realty LLC
    MLS 2161536
  8. Photo of 79002 Hawkins, Chapel Hill, NC 27517 (MLS # 2161576)
    25
    4 beds,  3 full, 1 half baths
    3,849 sqft   lot 16,204 sqft
    Walk Score® 2
    Listed with House to Home Realty Services
    MLS 2161576
  9. Photo of 318 Northcliff Drive, Durham, NC 27712 (MLS # 2161572)
    17
    3 beds,  2 full, 1 half baths
    1,626 sqft   lot 19,994 sqft
    Walk Score® 17
    Listed with Keller Williams Elite Realty
    MLS 2161572
  10. Photo of 3123 Winding Waters Way, Raleigh, NC 27614 (MLS # 2161570)
    25
    3 beds,  2 full, 2 half baths
    1,965 sqft   lot 1,307 sqft
    Walk Score® 29
    Listed with GreenRoom Realty and Relocation
    MLS 2161570
  11. Photo of 402 Hanson Road, Durham, NC 27713 (MLS # 2161567)
    17
    3 beds,  2 full, 2 half baths
    2,748 sqft   lot 7,667 sqft
    Walk Score® 33
    Listed with United Real Estate Raleigh
    MLS 2161567
  12. Photo of 704 Powell Drive, Raleigh, NC 27606 (MLS # 2161566)
    15
    2 beds,  2 full baths
    1,382 sqft   lot 33,541 sqft
    Walk Score® 33
    Listed with Oak City Properties
    MLS 2161566
  13. Photo of 1002 Camden Town Place, Apex, NC 27502 (MLS # 2161564)
    23
    4 beds,  2 full, 1 half baths
    2,386 sqft   lot 10,019 sqft
    Walk Score® 7
    Listed with Keller Williams Realty Cary
    MLS 2161564
  14. Photo of 1045 Canyon Shadows Court, Cary, NC 27519 (MLS # 2161560)
    6
    3 beds,  2 full, 1 half baths
    2,737 sqft   lot 4,095 sqft
    Walk Score® 2
    Listed with Standard Pacific Carolinas LLC
    MLS 2161560
  15. Photo of 106 Poston Court, Benson, NC 27504 (MLS # 2161559)
    20
    Open House
    3 beds,  2 full baths
    1,769 sqft   lot 30,492 sqft
    Walk Score® 5
    Listed with Allen Tate Company/Cary-Stonebridge
    MLS 2161559
  16. Photo of 459 Avery Pond Drive, Fuquay Varina, NC 27526 (MLS # 2161557)
    4
    3 beds,  2 full baths
    2,396 sqft   lot 28,314 sqft
    Walk Score® 0
    Listed with Wynn Homes
    MLS 2161557
  17. Photo of 1029 Canyon Shadows Court, Cary, NC 27519 (MLS # 2161556)
    3
    4 beds,  3 full baths
    2,635 sqft   lot 5,445 sqft
    Walk Score® 2
    Listed with Standard Pacific Carolinas LLC
    MLS 2161556
  18. Photo of 9 Shepard Springs Court, Durham, NC 27713 (MLS # 2161555)
    25
    4 beds,  3 full baths
    2,800 sqft   lot 11,761 sqft
    Walk Score® 27
    Listed with Berkshire Hathaway HomeServices YSU
    MLS 2161555
  19. 3 beds,  2 full, 1 half baths
    1,537 sqft   lot 6,970 sqft
    Walk Score® 11
    Listed with HomeTowne Realty
    MLS 2161551
  20. Photo of 1021 Canyon Shadows Court, Cary, NC 27519 (MLS # 2161549)
    6
    4 beds,  3 full baths
    2,702 sqft   lot 5,837 sqft
    Walk Score® 2
    Listed with Standard Pacific Carolinas LLC
    MLS 2161549
  21. Photo of 105 Graylyn Drive, Chapel Hill, NC 27516 (MLS # 2161543)
    25
    Open House
    4 beds,  2 full, 1 half baths
    3,086 sqft   lot 6,970 sqft
    Walk Score® 67
    Listed with TruBlu Realty
    MLS 2161543
  22. Photo of 12200 Inglehurst Drive, Raleigh, NC 27613 (MLS # 2161542)
    25
    3 beds,  2 full, 1 half baths
    1,624 sqft   lot 8,712 sqft
    Walk Score® 1
    Listed with Daymark Realty LLC
    MLS 2161542
  23. Photo of 1022 Laurel Twist Road, Cary, NC 27513 (MLS # 2161540)
    7
    4 beds,  3 full baths
    2,354 sqft   lot 3,485 sqft
    Walk Score® 28
    Listed with Standard Pacific Carolinas LLC
    MLS 2161540
  24. 2 beds,  2 full baths
    1,908 sqft   lot 5,663 sqft
    Walk Score® 0
    Listed with Fonville Morisey/Lochmere Sales Office
    MLS 2161539
  25. Photo of 1028 Laurel Twist Road, Cary, NC 27513 (MLS # 2161538)
    7
    4 beds,  3 full baths
    2,354 sqft   lot 3,485 sqft
    Walk Score® 28
    Listed with Standard Pacific Carolinas LLC
    MLS 2161538
  26. Photo of 81 Abacos Court, Clayton, NC 27520-3673 (MLS # 2161537)
    25
    3 beds,  2 full baths
    1,542 sqft   lot 1.49 ac
    Walk Score® 0
    Listed with Intrust Realty, Inc.
    MLS 2161537
  27. Photo of 3407 Thomasview Drive, Hillsborough, NC 27278-7160 (MLS # 2161535)
    25
    3 beds,  2 full, 1 half baths
    2,485 sqft   lot 5.85 ac
    Walk Score® 2
    Listed with Keller Williams Realty United
    MLS 2161535
  28. Photo of 302 Rhoda Lilley Drive , 41, Fuquay Varina, NC 27626 (MLS # 2161534)
    8
    4 beds,  3 full baths
    2,574 sqft   lot 10,890 sqft
    Walk Score® 0
    Listed with Fonville Morisey & Barefoot/Brookside
    MLS 2161534
  29. Photo of 203 Thornbury Street, Clayton, NC 27527 (MLS # 2161533)
    5
    5 beds,  3 full baths
    2,619 sqft   lot 11,979 sqft
    Walk Score® 6
    Listed with CalAtlantic Group, Inc.
    MLS 2161533
  30. Photo of 2321 Oldgate Drive , 107, Raleigh, NC 27604 (MLS # 2161532)
    8
    2 beds,  2 full baths
    1,056 sqft  
    Walk Score® 49
    Listed with Miles & Company
    MLS 2161532
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Information Not Guaranteed.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property

Copyright 2017 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 11/19/17 6:07 AM PST.

 
 
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