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 1713 Lakeshore Drive, Dunn, NC 28334 (MLS # 2310827)
    3
    3 beds,  2 full baths
    2,188 sqft   lot 23,522 sqft
    Walk Score® 4
    Listed with Re/Max Signature Realty
    MLS 2310827
  2. Photo of 400 Hunters Ridge Drive, Fuquay Varina, NC 27526 (MLS # 2310826)
    12
    3 beds,  2 full baths
    1,633 sqft   lot 16,988 sqft
    Walk Score® 26
    Listed with eXp Realty LLC
    MLS 2310826
  3. Photo of 1816 Old Mill Road, Rocky Mount, NC 27803 (MLS # 2310825)
    30
    3 beds,  2 full baths
    1,630 sqft   lot 27,007 sqft
    Walk Score® 4
    Listed with Kanter Realty
    MLS 2310825
  4. Photo of 113 Rustic Lane, Smithfield, NC 27577-9531 (MLS # 2310822)
    30
    4 beds,  2 full, 1 half baths
    2,292 sqft   lot 30,056 sqft
    Walk Score® 0
    Listed with Triangle Home Crew Realty
    MLS 2310822
  5. Photo of 105 Pebble Beach Court, Mebane, NC 27302 (MLS # 2310821)
    15
    4 beds,  3 full, 1 half baths
    2,868 sqft   lot 15,246 sqft
    Walk Score® 0
    Listed with Scott Dorsett Realty
    MLS 2310821
  6. Photo of 5800 Neuse Wood Drive, Raleigh, NC 27616 (MLS # 2310820)
    29
    3 beds,  2 full, 1 half baths
    1,231 sqft   lot 2,614 sqft
    Walk Score® 6
    Listed with Howard Perry & Walston Realtor
    MLS 2310820
  7. Photo of 202 Winrock Place, Durham, NC 27705 (MLS # 2310819)
    30
    5 beds,  4 full, 1 half baths
    4,515 sqft   lot 33,672 sqft
    Walk Score® 2
    Listed with New Durham Realty
    MLS 2310819
  8. 3 beds,  2 full, 1 half baths
    1,960 sqft   lot 25,700 sqft
    Walk Score® 0
    Listed with Howard Perry and Walston Realtor
    MLS 2310816
  9. Photo of 5721 Beardall Street , 1020, Raleigh, NC 27616 (MLS # 2310814)
    17
    5 beds,  4 full baths
    3,243 sqft   lot 9,148 sqft
    Walk Score® 4
    Listed with Lennar Carolinas LLC
    MLS 2310814
  10. Photo of 5801 Bramblewood Drive, Raleigh, NC 27612-2270 (MLS # 2310812)
    30
    5 beds,  4 full, 1 half baths
    3,753 sqft   lot 14,810 sqft
    Walk Score® 41
    Listed with Eclectic Realty
    MLS 2310812
  11. 3 beds,  2 full baths
    1,269 sqft   lot 40,946 sqft
    Walk Score® 0
    Listed with Coldwell Banker Advantage
    MLS 2310788
  12. Photo of 94 Mossy Creek Court, Pittsboro, NC 27312 (MLS # 2310811)
    30
    5 beds,  4 full, 1 half baths
    4,397 sqft   lot 43,560 sqft
    Walk Score® 0
    Listed with Fonville Morisey/Lochmere Sales Office
    MLS 2310811
  13. Photo of 308 Gingergate Drive, Cary, NC 27519 (MLS # 2310810)
    30
    5 beds,  3 full baths
    3,135 sqft   lot 12,632 sqft
    Walk Score® 33
    Listed with MKM Home Realty
    MLS 2310810
  14. Photo of 122 Pricket Lane, Clayton, NC 27527 (MLS # 2310809)
    13
    3 beds,  2 full baths
    1,536 sqft   lot 32,234 sqft
    Walk Score® 1
    Listed with AMG Realty LLC
    MLS 2310809
  15. Photo of 4732 Waterford Cove Drive, Raleigh, NC 27616 (MLS # 2310808)
    25
    3 beds,  2 full, 1 half baths
    1,750 sqft   lot 9,583 sqft
    Walk Score® 1
    Listed with Re/Max Performance
    MLS 2310808
  16. Photo of 481 Wildlife Parkway , Lot 135, Clayton, NC 27527 (MLS # 2310801)
    16
    5 beds,  4 full baths
    3,037 sqft   lot 12,197 sqft
    Walk Score® 1
    Listed with AV Homes of Raleigh LLC
    MLS 2310801
  17. Photo of 2841 Tryon Pines Drive, Raleigh, NC 27603 (MLS # 2310800)
    22
    3 beds,  2 full, 1 half baths
    1,746 sqft   lot 14,375 sqft
    Walk Score® 20
    Listed with Integra Realty
    MLS 2310800
  18. Photo of 101 Cottonwood Circle, Clayton, NC 27527 (MLS # 2310799)
    26
    3 beds,  2 full, 1 half baths
    2,040 sqft   lot 43,560 sqft
    Walk Score® 0
    Listed with eXp Realty LLC
    MLS 2310799
  19. Photo of 1676 Maizefield Lane, Fuquay Varina, NC 27526 (MLS # 2310798)
    29
    3 beds,  2 full, 1 half baths
    1,919 sqft   lot 9,583 sqft
    Walk Score® 4
    Listed with Keller Williams Legacy
    MLS 2310798
  20. Photo of 288 Abercorn Circle, Chapel Hill, NC 27516 (MLS # 2310796)
    4
    2 beds,  2 full baths
    1,859 sqft   lot 6,970 sqft
    Walk Score® 0
    Listed with Weekley Homes, LLC
    MLS 2310796
  21. Photo of 1723 Brooks Avenue, Raleigh, NC 27607 (MLS # 2310795)
    30
    5 beds,  4 full, 1 half baths
    4,227 sqft   lot 14,810 sqft
    Walk Score® 18
    Listed with Allen Tate/Raleigh-Glenwood
    MLS 2310795
  22. Photo of 500 Moseley Lane, Raleigh, NC 27601 (MLS # 2310794)
    30
    4 beds,  3 full, 1 half baths
    2,242 sqft   lot 11,326 sqft
    Walk Score® 83
    Listed with Monarch Realty Co.
    MLS 2310794
  23. Photo of 206 Crescendo Drive, Morrisville, NC 27560 (MLS # 2310791)
    29
    4 beds,  2 full, 1 half baths
    2,283 sqft   lot 5,663 sqft
    Walk Score® 42
    Listed with Universal Realty
    MLS 2310791
  24. Photo of 2700 W Jameson Road, Raleigh, NC 27616 (MLS # 2310790)
    19
    3 beds,  2 full baths
    1,196 sqft   lot 5,663 sqft
    Walk Score® 25
    Listed with Keller Williams Realty Platinu
    MLS 2310790
  25. Photo of 354 Crystal Creek Drive, Clayton, NC 27520 (MLS # 2310789)
    22
    3 beds,  2 full baths
    1,612 sqft   lot 33,541 sqft
    Walk Score® 0
    Listed with HomeTowne Realty
    MLS 2310789
  26. Photo of 3008 Ashland Grove Drive , Lot 308, Knightdale, NC 27545 (MLS # 2310787)
    3
    4 beds,  3 full, 1 half baths
    2,575 sqft   lot 7,144 sqft
    Walk Score® 1
    Listed with Mungo Homes of North Carolina
    MLS 2310787
  27. Photo of 3110 Old Craig Trail, Mebane, NC 27302 (MLS # 2310785)
    23
    3 beds,  2 full baths
    1,740 sqft   lot 2,614 sqft
    Walk Score® 23
    Listed with Re/Max Diamond Realty
    MLS 2310785
  28. Photo of 5500 Fortunes Ridge Drive , 78A, Durham, NC 27713 (MLS # 2310784)
    30
    2 beds,  2 full baths
    985 sqft   lot 436 sqft
    Walk Score® 38
    Listed with Local Market Realty, LLC
    MLS 2310784
  29. Photo of 1002 W Knox Street, Durham, NC 27701 (MLS # 2310783)
    27
    5 beds,  4 full baths
    3,488 sqft   lot 9,148 sqft
    Walk Score® 55
    Listed with Berkshire Hathaway HomeService
    MLS 2310783
  30. Photo of 8217 Round Oak Road, Raleigh, NC 27616 (MLS # 2310780)
    20
    3 beds,  2 full, 1 half baths
    1,526 sqft   lot 6,534 sqft
    Walk Score® 9
    Listed with DINK Realty
    MLS 2310780
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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

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Data last updated: 3/28/20 7:38 PM PDT.