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 2018 Battlewood Road, Apex, NC 27523-5148 (MLS # 2224496)
    25
    3 beds,  2 full, 1 half baths
    1,988 sqft   lot 8,407 sqft
    Walk Score® 23
    Listed with Berkshire Hathaway HomeServices YSU
    MLS 2224496
  2. Photo of 2221 Henslowe Drive, Raleigh, NC 27603-2765 (MLS # 2224495)
    25
    3 beds,  1 full, 1 half baths
    1,064 sqft   lot 17,424 sqft
    Walk Score® 31
    Listed with Windjam Properties
    MLS 2224495
  3. Photo of 1300 Roffler Street, Garner, NC 27529 (MLS # 2224494)
    18
    3 beds,  2 full baths
    1,782 sqft   lot 21,344 sqft
    Walk Score® 0
    Listed with Ford Corroo Realty- A VFG Company
    MLS 2224494
  4. Photo of 11721 Coppergate Drive , 107, Raleigh, NC 27614 (MLS # 2224493)
    20
    3 beds,  2 full, 1 half baths
    1,680 sqft   lot 871 sqft
    Walk Score® 36
    Listed with Nicole James Real Estate Group
    MLS 2224493
  5. Photo of 3205 Manor Ridge Drive, Raleigh, NC 27603 (MLS # 2224492)
    25
    4 beds,  5 full baths
    4,509 sqft   lot 43,560 sqft
    Walk Score® 4
    Listed with Fathom Realty NC, LLC
    MLS 2224492
  6. Photo of 14 Bowhill Drive, Clayton, NC 27527 (MLS # 2224489)
    25
    5 beds,  3 full, 1 half baths
    3,502 sqft   lot 6,926 sqft
    Walk Score® 12
    Listed with HomeTowne Realty
    MLS 2224489
  7. Photo of 125 Meadows Edge Drive, Chapel Hill, NC 27516-9825 (MLS # 2224487)
    25
    3 beds,  2 full, 1 half baths
    2,118 sqft   lot 3,920 sqft
    Walk Score® 12
    Listed with Keller Williams Realty
    MLS 2224487
  8. Photo of 406 Sea Mist Drive, Sanford, NC 27332 (MLS # 2224471)
    25
    5 beds,  4 full baths
    3,621 sqft   lot 20,038 sqft
    Walk Score® 0
    Listed with Block & Associates/Gordon Grou
    MLS 2224471
  9. Photo of 1201 Rivermead Lane, Wake Forest, NC 27587 (MLS # 2224470)
    14
    4 beds,  3 full, 1 half baths
    3,189 sqft   lot 31,363 sqft
    Walk Score® 0
    Listed with Fonville Morisey/Midtown Sales Office
    MLS 2224470
  10. Photo of 220 Sprucepine Court, Clayton, NC 27520 (MLS # 2224469)
    2
    4 beds,  2 full, 1 half baths
    2,406 sqft   lot 12,632 sqft
    Walk Score® 0
    Listed with HomeTowne Realty
    MLS 2224469
  11. Photo of 113 Ventura Woods Court, Wake Forest, NC 27587 (MLS # 2224468)
    25
    3 beds,  2 full, 1 half baths
    1,642 sqft   lot 8,712 sqft
    Walk Score® 32
    Listed with Southern Dream Homes
    MLS 2224468
  12. Photo of 221 Main Street, Oxford, NC 27565-3320 (MLS # 2224467)
    25
    5 beds,  3 full baths
    5,422 sqft   lot 28,314 sqft
    Walk Score® 49
    Listed with Intrust Realty, Inc.
    MLS 2224467
  13. Photo of 1328 Cantlemere Street, Wake Forest, NC 27587 (MLS # 2224463)
    18
    5 beds,  3 full, 1 half baths
    2,760 sqft   lot 11,761 sqft
    Walk Score® 16
    Listed with Homes For Life Real Estate, LL
    MLS 2224463
  14. Photo of 3758 Marshlane Way, Raleigh, NC 27610 (MLS # 2224461)
    15
    2 beds,  2 full, 1 half baths
    1,395 sqft   lot 4,792 sqft
    Walk Score® 2
    Listed with Keller Williams Preferred Realty
    MLS 2224461
  15. 3 beds,  2 full, 1 half baths
    1,594 sqft   lot 2,178 sqft
    Walk Score® 24
    Listed with Dan Ryan Builders NC, LLC
    MLS 2224459
  16. Photo of 305 Elway Drive, Clayton, NC 27527 (MLS # 2224458)
    3
    4 beds,  2 full, 1 half baths
    2,845 sqft   lot 21,214 sqft
    Walk Score® 29
    Listed with HomeTowne Realty
    MLS 2224458
  17. Photo of 38 Sprucepine Court, Clayton, NC 27520 (MLS # 2224456)
    2
    4 beds,  2 full, 1 half baths
    2,845 sqft   lot 12,197 sqft
    Walk Score® 0
    Listed with HomeTowne Realty
    MLS 2224456
  18. Photo of 1 Saturn Court, Durham, NC 27703-2554 (MLS # 2224455)
    15
    3 beds,  2 full, 1 half baths
    1,826 sqft   lot 11,848 sqft
    Walk Score® 9
    Listed with Opendoor Brokerage LLC
    MLS 2224455
  19. Photo of 7828 Charters End Street, Willow Spring(s), NC 27592 (MLS # 2224453)
    20
    4 beds,  3 full, 1 half baths
    3,145 sqft   lot 24,263 sqft
    Walk Score® 0
    Listed with D.R. Horton, Inc.
    MLS 2224453
  20. Photo of 1107 Old Evergreen Drive, Durham, NC 27704 (MLS # 2224451)
    16
    3 beds,  2 full, 1 half baths
    1,440 sqft   lot 10,890 sqft
    Walk Score® 5
    Listed with NVR, Inc.
    MLS 2224451
  21. Photo of 240 Elway Drive, Clayton, NC 27527 (MLS # 2224450)
    3
    5 beds,  4 full, 1 half baths
    3,224 sqft   lot 13,721 sqft
    Walk Score® 29
    Listed with HomeTowne Realty
    MLS 2224450
  22. Photo of 8812 Moss Glen Drive, Raleigh, NC 27617 (MLS # 2224448)
    15
    5 beds,  4 full baths
    3,164 sqft   lot 8,712 sqft
    Walk Score® 33
    Listed with Lennar Carolinas LLC
    MLS 2224448
  23. Photo of 1824 Arlington Drive, Raleigh, NC 27608 (MLS # 2224447)
    7
    2 beds,  1 full bath
    948 sqft   lot 10,454 sqft
    Walk Score® 13
    Listed with Hodge & Kittrell Sotheby's International Realty
    MLS 2224447
  24. Photo of 8821 Moss Glen Drive, Raleigh, NC 27617 (MLS # 2224445)
    20
    5 beds,  4 full baths
    3,243 sqft   lot 6,534 sqft
    Walk Score® 33
    Listed with Lennar Carolinas LLC
    MLS 2224445
  25. Photo of 1004 Flagler Street, Durham, NC 27713 (MLS # 2224443)
    4
    3 beds,  2 full, 1 half baths
    1,665 sqft   lot 1,742 sqft
    Walk Score® 20
    Listed with Chanticleer Properties LLC
    MLS 2224443
  26. Photo of 5910 Mountain Island Drive, Durham, NC 27713 (MLS # 2224442)
    25
    Open House
    3 beds,  2 full, 1 half baths
    1,523 sqft   lot 7,884 sqft
    Walk Score® 31
    Listed with Inhabit Real Estate
    MLS 2224442
  27. Photo of 76 Balls Way, Franklinton, NC 27525 (MLS # 2224440)
    13
    3 beds,  2 full baths
    2,079 sqft   lot 1.44 ac
    Walk Score® 0
    Listed with United Real Estate Raleigh
    MLS 2224440
  28. Photo of 41 Oak Run Drive, Clayton, NC 27520 (MLS # 2224439)
    5
    4 beds,  3 full, 1 half baths
    2,842 sqft   lot 20,473 sqft
    Walk Score® 19
    Listed with The Chesson Agency
    MLS 2224439
  29. Photo of 614 W Fifth Street, Siler City, NC 27344 (MLS # 2224437)
    2
    4 beds,  2 full baths
    2,806 sqft   lot 14,810 sqft
    Walk Score® 44
    Listed with Winland Group, LLC
    MLS 2224437
  30. Photo of 312 N Hyde Park Avenue, Durham, NC 27703 (MLS # 2224436)
    5
    Open House
    3 beds,  2 full baths
    1,564 sqft   lot 8,015 sqft
    Walk Score® 62
    Listed with Berkshire Hathaway HomeServices YSU
    MLS 2224436
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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

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Data last updated: 11/15/18 2:35 AM PST.