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 511 Swim And Croquet, Pittsboro, NC 27312 (MLS # 2345593)
    30
    2 beds,  2 full baths
    1,888 sqft   lot 4,051 sqft
    Walk Score® 17
    Listed with Fathom Realty NC, LLC
    MLS 2345593
  2. Photo of 27443 Walker, Chapel Hill, NC 27517 (MLS # 2345590)
    30
    3 beds,  2 full, 1 half baths
    2,690 sqft   lot 19,602 sqft
    Walk Score® 0
    Listed with Hodge & Kittrell Sotheby's International Realty
    MLS 2345590
  3. Photo of 621 Lake Artesia Lane, Fuquay Varina, NC 27526 (MLS # 2345588)
    30
    3 beds,  2 full baths
    1,717 sqft   lot 5,663 sqft
    Walk Score® 2
    Listed with Salem Street Realty
    MLS 2345588
  4. Photo of 5744 Poolside Drive, Raleigh, NC 27612 (MLS # 2345583)
    7
    2 beds,  1 full, 1 half baths
    1,400 sqft   lot 871 sqft
    Walk Score® 9
    Listed with Sewell Realty Group
    MLS 2345583
  5. Photo of 2105 Ferdinand Drive, Knightdale, NC 27545 (MLS # 2345581)
    30
    5 beds,  2 full, 1 half baths
    3,437 sqft   lot 8,276 sqft
    Walk Score® 3
    Listed with DASH Carolina
    MLS 2345581
  6. Photo of 62 Buhrstone Mill Street, Zebulon, NC 27597 (MLS # 2345578)
    3
    3 beds,  2 full, 1 half baths
    1,812 sqft   lot 29,185 sqft
    Walk Score® 0
    Listed with HomeTowne Realty
    MLS 2345578
  7. Photo of 74 Buhrstone Mill Street, Zebulon, NC 27597 (MLS # 2345577)
    2
    3 beds,  2 full, 1 half baths
    1,704 sqft   lot 30,056 sqft
    Walk Score® 0
    Listed with HomeTowne Realty
    MLS 2345577
  8. Photo of 3903 Darby Road, Durham, NC 27707 (MLS # 2345576)
    30
    4 beds,  3 full, 1 half baths
    3,319 sqft   lot 23,958 sqft
    Walk Score® 8
    Listed with Inhabit Real Estate
    MLS 2345576
  9. Photo of 105 Greenhaven Lane, Cary, NC 27518-8911 (MLS # 2345575)
    30
    3 beds,  2 full, 1 half baths
    2,045 sqft   lot 9,583 sqft
    Walk Score® 16
    Listed with Keller Williams Legacy
    MLS 2345575
  10. Photo of 5217 Crooked Bluff Lane, Fuquay Varina, NC 27615 (MLS # 2345573)
    19
    4 beds,  3 full, 1 half baths
    3,278 sqft   lot 21,780 sqft
    Walk Score® 2
    Listed with Fonville Morisey/Preston Sales Office
    MLS 2345573
  11. Photo of 946 Consortium Drive, Raleigh, NC 27603 (MLS # 2345571)
    23
    3 beds,  2 full, 1 half baths
    1,445 sqft   lot 436 sqft
    Walk Score® 46
    Listed with 501 Nest Realty
    MLS 2345571
  12. Photo of 124 D Ango Circle, Angier, NC 27501 (MLS # 2345569)
    15
    3 beds,  2 full baths
    1,566 sqft   lot 14,810 sqft
    Walk Score® 2
    Listed with OfferPad Brokerage LLC
    MLS 2345569
  13. Photo of 1347 Still Monument Way, Raleigh, NC 27603 (MLS # 2345567)
    29
    3 beds,  2 full, 1 half baths
    1,959 sqft   lot 2,178 sqft
    Walk Score® 52
    Listed with Redfin Corporation
    MLS 2345567
  14. Photo of 1911 Wilkins Drive, Sanford, NC 27330 (MLS # 2345566)
    30
    4 beds,  3 full baths
    3,496 sqft   lot 1.48 ac
    Walk Score® 8
    Listed with RE/MAX United
    MLS 2345566
  15. Photo of 1208 Virginia Avenue, Durham, NC 27705 (MLS # 2345565)
    30
    3 beds,  2 full baths
    1,656 sqft   lot 5,227 sqft
    Walk Score® 56
    Listed with Urban Durham Realty
    MLS 2345565
  16. Photo of 206 Green Pasture Road, Mebane, NC 27302 (MLS # 2345564)
    30
    3 beds,  2 full, 1 half baths
    2,077 sqft   lot 14,375 sqft
    Walk Score® 8
    Listed with Mark Spain Real Estate
    MLS 2345564
  17. Photo of 2423 Overland Passage, Chapel Hill, NC 27516-9750 (MLS # 2345563)
    28
    2 beds,  1 full bath
    949 sqft   lot 1.25 ac
    Walk Score® 0
    Listed with Mark Spain Real Estate
    MLS 2345563
  18. Photo of 2503 Bryarton Village Way, Raleigh, NC 27606 (MLS # 2345562)
    28
    3 beds,  2 full, 1 half baths
    1,806 sqft   lot 2,178 sqft
    Walk Score® 19
    Listed with Blossom Realty Group LLC
    MLS 2345562
  19. Photo of TBD Kotata Avenue, Bunnlevel, NC 28323 (MLS # 2345558)
    3
    3 beds,  2 full, 1 half baths
    1,837 sqft   lot 18,295 sqft
    Walk Score® 0
    Listed with Manning Realty
    MLS 2345558
  20. 3 beds,  2 full baths
    1,717 sqft   lot 18,295 sqft
    Walk Score® 0
    Listed with Manning Realty
    MLS 2345557
  21. 4 beds,  2 full, 1 half baths
    1,788 sqft   lot 19,602 sqft
    Walk Score® 0
    Listed with Manning Realty
    MLS 2345556
  22. Photo of 8816 Foggy Bottom Drive, Raleigh, NC 27613-1214 (MLS # 2345551)
    26
    3 beds,  2 full, 1 half baths
    2,217 sqft   lot 27,878 sqft
    Walk Score® 5
    Listed with Dwell Raleigh Real Estate
    MLS 2345551
  23. Photo of 4205 Carriage Court, Mebane, NC 27302 (MLS # 2345552)
    18
    3 beds,  3 full baths
    3,076 sqft   lot 2.51 ac
    Walk Score® 2
    Listed with Scott Dorsett Realty
    MLS 2345552
  24. Photo of 100 Benjamin Court, Clayton, NC 27527 (MLS # 2345550)
    14
    3 beds,  2 full, 1 half baths
    2,175 sqft   lot 3,920 sqft
    Walk Score® 1
    Listed with D.R. Horton, Inc.
    MLS 2345550
  25. Photo of 1116 Balmoral Drive, Cary, NC 27511 (MLS # 2345548)
    30
    3 beds,  2 full baths
    1,646 sqft   lot 12,197 sqft
    Walk Score® 27
    Listed with Triangle Premier Properties In
    MLS 2345548
  26. Photo of 1514 Tyonek Drive, Durham, NC 27703 (MLS # 2345547)
    28
    3 beds,  1 full, 1 half baths
    1,404 sqft   lot 15,246 sqft
    Walk Score® 21
    Listed with AzBerrie Group, LLC
    MLS 2345547
  27. Photo of 435 Stephens Way, Youngsville, NC 27596 (MLS # 2345543)
    3
    3 beds,  3 full baths
    2,041 sqft   lot 10,454 sqft
    Walk Score® 0
    Listed with Howard Perry & Walston Realtor
    MLS 2345543
  28. Photo of 7640 Mine Valley Road, Raleigh, NC 27615 (MLS # 2345542)
    23
    3 beds,  1 full, 2 half baths
    1,528 sqft   lot 13,939 sqft
    Walk Score® 51
    Listed with Movil Realty
    MLS 2345542
  29. Photo of 8301 Castine Court, Raleigh, NC 27613 (MLS # 2345538)
    30
    3 beds,  2 full, 1 half baths
    2,154 sqft   lot 28,314 sqft
    Walk Score® 36
    Listed with Fonville Morisey/Lochmere Sales Office
    MLS 2345538
  30. Photo of 121 Hidden Bluff Lane, Cary, NC 27513 (MLS # 2345537)
    29
    3 beds,  2 full, 1 half baths
    2,120 sqft   lot 11,326 sqft
    Walk Score® 30
    Listed with Triangle Premier Properties In
    MLS 2345537
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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: 9/30/20 7:31 AM PDT.