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 1511 Providence Glen Drive , 1511, Chapel Hill, NC 27514 (MLS # 2322419)
    18
    2 beds,  2 full baths
    1,130 sqft  
    Walk Score® 22
    Listed with Howard Perry & Walston Realtor
    MLS 2322419
  2. Photo of 2312 Valley Drive, Clayton, NC 27520 (MLS # 2322415)
    30
    5 beds,  3 full, 1 half baths
    3,164 sqft   lot 41,818 sqft
    Walk Score® 0
    Listed with Howard Perry & Walston Realtor
    MLS 2322415
  3. Photo of 853 Dalewood Drive, Raleigh, NC 27610-1000 (MLS # 2322414)
    15
    2 beds,  1 full bath
    1,065 sqft   lot 1,307 sqft
    Walk Score® 32
    Listed with Keller Williams Realty Platinu
    MLS 2322414
  4. Photo of 2000 Gentry Ridge Road, Roxboro, NC 27574 (MLS # 2322411)
    25
    2 beds,  2 full baths
    1,416 sqft   lot 1.03 ac
    Walk Score® 2
    Listed with Pointer & Associates
    MLS 2322411
  5. Photo of 7737 Eagle Chase Drive, Willow Spring(s), NC 27592 (MLS # 2322407)
    30
    3 beds,  2 full baths
    2,856 sqft   lot 22,651 sqft
    Walk Score® 5
    Listed with Mark Spain Real Estate
    MLS 2322407
  6. Photo of 10 Williamston Ridge Drive, Youngsville, NC 27596 (MLS # 2322405)
    30
    3 beds,  2 full, 1 half baths
    2,348 sqft   lot 40,075 sqft
    Walk Score® 0
    Listed with Fathom Realty NC, LLC
    MLS 2322405
  7. Photo of 1912 Hart Street, Durham, NC 27703 (MLS # 2322402)
    30
    3 beds,  2 full baths
    1,579 sqft   lot 5,706 sqft
    Walk Score® 55
    Listed with RE/MAX United
    MLS 2322402
  8. Photo of 234 Morgan Parkway, Zebulon, NC 27597-6636 (MLS # 2322401)
    22
    3 beds,  2 full baths
    1,021 sqft   lot 30,928 sqft
    Walk Score® 0
    Listed with Keller Williams Preferred Realty
    MLS 2322401
  9. Photo of 3115 Stockdale Drive, Raleigh, NC 27609-7487 (MLS # 2322397)
    23
    4 beds,  3 full, 1 half baths
    2,847 sqft   lot 1,742 sqft
    Walk Score® 35
    Listed with Hodge & Kittrell Sotheby's International Realty
    MLS 2322397
  10. Photo of 376 Andrew Avenue, Timberlake, NC 27583 (MLS # 2322410)
    30
    3 beds,  2 full baths
    2,446 sqft   lot 40,511 sqft
    Walk Score® 6
    Listed with Keller Williams Preferred Realty
    MLS 2322410
  11. Photo of 306 Danbury Court, Pittsboro, NC 27312 (MLS # 2322399)
    29
    3 beds,  2 full, 1 half baths
    1,525 sqft   lot 2,178 sqft
    Walk Score® 19
    Listed with Chatham Homes Realty
    MLS 2322399
  12. Photo of 6313 Jones Farm Road, Wake Forest, NC 27587 (MLS # 2322396)
    20
    3 beds,  2 full baths
    1,268 sqft   lot 16,553 sqft
    Walk Score® 3
    Listed with Coldwell Banker Advantage
    MLS 2322396
  13. Photo of 2022 N NC 39 Highway, Louisburg, NC 27549 (MLS # 2322390)
    29
    3 beds,  2 full, 1 half baths
    3,073 sqft   lot 1.86 ac
    Walk Score® 0
    Listed with RE/MAX Reliance
    MLS 2322390
  14. Photo of 2 Coggins Mine Court, Chapel Hill, NC 27517 (MLS # 2322389)
    30
    3 beds,  3 full, 1 half baths
    3,065 sqft   lot 8,712 sqft
    Walk Score® 6
    Listed with Coldwell Banker Advantage
    MLS 2322389
  15. Photo of 323 W Jones Street , 1405, Raleigh, NC 27603 (MLS # 2322388)
    7
    2 beds,  2 full baths
    2,112 sqft  
    Walk Score® 96
    Listed with Berkshire Hathaway HomeServices YSU
    MLS 2322388
  16. Photo of 312 Brier Crossings Loop, Durham, NC 27703 (MLS # 2322383)
    28
    3 beds,  2 full, 1 half baths
    1,739 sqft   lot 2,614 sqft
    Walk Score® 22
    Listed with Esteem Properties
    MLS 2322383
  17. Photo of 21 Currituck Lane, Durham, NC 27703 (MLS # 2322382)
    25
    3 beds,  2 full baths
    1,765 sqft   lot 7,013 sqft
    Walk Score® 1
    Listed with DEBTEAM
    MLS 2322382
  18. Photo of 5 Sorrell Drive, Franklinton, NC 27525 (MLS # 2322377)
    7
    3 beds,  3 full baths
    2,273 sqft   lot 1.76 ac
    Walk Score® 0
    Listed with Julie Wright Realty Group LLC
    MLS 2322377
  19. Photo of 204 Jewel Haven Way, Knightdale, NC 27545 (MLS # 2322375)
    28
    4 beds,  3 full baths
    2,047 sqft   lot 11,326 sqft
    Walk Score® 0
    Listed with World Properties Int'l Dwyer &
    MLS 2322375
  20. Photo of 9020 Linslade Way, Wake Forest, NC 27587 (MLS # 2322374)
    30
    4 beds,  2 full, 1 half baths
    2,917 sqft   lot 13,068 sqft
    Walk Score® 10
    Listed with Daymark Realty
    MLS 2322374
  21. Photo of 109 South Ridge Drive, Garner, NC 27529 (MLS # 2322372)
    29
    3 beds,  2 full baths
    1,424 sqft   lot 30,056 sqft
    Walk Score® 1
    Listed with Keller Williams Realty Platinu
    MLS 2322372
  22. Photo of 720 Redgate Avenue , LTS 4-5, Rocky Mount, NC 27801 (MLS # 2322371)
    3
    3 beds,  2 full baths
    1,550 sqft   lot 13,504 sqft
    Walk Score® 44
    Listed with Michael Pennington Properties
    MLS 2322371
  23. Photo of 107 Dee Dee Place, Goldsboro, NC 27530 (MLS # 2322370)
    20
    3 beds,  2 full baths
    1,150 sqft   lot 14,810 sqft
    Walk Score® 0
    Listed with Block & Associates Realty
    MLS 2322370
  24. Photo of 6817 Lake Myra Road, Wendell, NC 27591 (MLS # 2322366)
    27
    3 beds,  2 full, 1 half baths
    1,686 sqft   lot 1.32 ac
    Walk Score® 0
    Listed with Realty World-Triangle Living
    MLS 2322366
  25. Photo of 391 River Ridge Lane, Timberlake, NC 27583 (MLS # 2322361)
    9
    3 beds,  3 full baths
    2,220 sqft   lot 1.77 ac
    Walk Score® 7
    Listed with Cardinal Real Estate Group
    MLS 2322361
  26. Photo of 680 S Third Street, Mebane, NC 27302 (MLS # 2322354)
    30
    4 beds,  2 full, 1 half baths
    3,204 sqft   lot 2.11 ac
    Walk Score® 24
    Listed with Keller Williams Realty
    MLS 2322354
  27. Photo of 910 N Orange Avenue, Dunn, NC 28334 (MLS # 2322353)
    19
    3 beds,  2 full baths
    2,049 sqft   lot 15,682 sqft
    Walk Score® 53
    Listed with Fathom Realty NC, LLC
    MLS 2322353
  28. Photo of 345 E Lillington Street, Angier, NC 27501 (MLS # 2322352)
    24
    3 beds,  2 full baths
    1,175 sqft   lot 10,019 sqft
    Walk Score® 50
    Listed with Re/Max Signature Realty
    MLS 2322352
  29. Photo of 140 Falls Creek Drive, Youngsville, NC 27596 (MLS # 2322345)
    30
    4 beds,  2 full, 1 half baths
    2,452 sqft   lot 25,700 sqft
    Walk Score® 0
    Listed with Howard Perry & Walston Realtor
    MLS 2322345
  30. Photo of 268 Longdeer Drive , Buckingham, Wendell, NC 27591 (MLS # 2322343)
    2
    4 beds,  2 full, 1 half baths
    2,002 sqft   lot 10,149 sqft
    Walk Score® 4
    Listed with Allen Tate/Raleigh-Falls Neuse
    MLS 2322343
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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: 6/2/20 7:16 AM PDT.