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. 5 beds,  4 full baths
    3,160 sqft   lot 6,011 sqft
    Walk Score® 0
    Listed with Pulte Home Company LLC
    MLS 2256114
  2. Photo of 4936 Bivens Drive, Raleigh, NC 27616 (MLS # 2256113)
    19
    3 beds,  2 full, 1 half baths
    2,057 sqft   lot 10,890 sqft
    Walk Score® 12
    Listed with Berkshire Hathaway HomeServices YSU
    MLS 2256113
  3. Photo of 632 Waterford Lake , 632, Cary, NC 27519 (MLS # 2256110)
    13
    3 beds,  2 full, 1 half baths
    1,838 sqft  
    Walk Score® 25
    Listed with PRoFound Realty Group
    MLS 2256110
  4. Photo of 1085 Whip Lane, Stem, NC 27581-9020 (MLS # 2256105)
    26
    3 beds,  2 full, 1 half baths
    2,060 sqft   lot 40,075 sqft
    Walk Score® 0
    Listed with Coldwell Banker Advantage
    MLS 2256105
  5. Photo of 1112 Dexter Ridge Road, Holly Springs, NC 27540 (MLS # 2256104)
    28
    4 beds,  2 full, 1 half baths
    2,296 sqft   lot 13,939 sqft
    Walk Score® 2
    Listed with Re/Max United
    MLS 2256104
  6. Photo of 1742 Dixon Swimming Pool Road, Burlington, NC 27217 (MLS # 2256103)
    14
    3 beds,  2 full baths
    1,301 sqft   lot 11,848 sqft
    Walk Score® 2
    Listed with Keller Williams Realty
    MLS 2256103
  7. Photo of 456 Mountain Laurel, Chapel Hill, NC 27517 (MLS # 2256102)
    30
    4 beds,  4 full, 1 half baths
    4,158 sqft   lot 20,909 sqft
    Walk Score® 0
    Listed with Domicile Realty
    MLS 2256102
  8. Photo of 116 Eagles Watch Lane, Chapel Hill, NC 27517 (MLS # 2256101)
    30
    6 beds,  6 full, 1 half baths
    5,802 sqft   lot 30,492 sqft
    Walk Score® 0
    Listed with Domicile Realty
    MLS 2256101
  9. Photo of 4706 Bluebird Court , A, Raleigh, NC 27606 (MLS # 2256096)
    20
    2 beds,  1 full, 1 half baths
    1,056 sqft   lot 4,356 sqft
    Walk Score® 53
    Listed with Fathom Realty NC, LLC
    MLS 2256096
  10. 5 beds,  5 full baths
    3,677 sqft   lot 7,405 sqft
    Walk Score® 16
    Listed with Re/Max Performance
    MLS 2256097
  11. Photo of 908 Pleasant Colony Drive, Knightdale, NC 27545 (MLS # 2256095)
    14
    3 beds,  2 full, 1 half baths
    2,451 sqft   lot 7,841 sqft
    Walk Score® 6
    Listed with Fathom Realty NC, LLC
    MLS 2256095
  12. Photo of 2217 Old NC 98 Highway, Wake Forest, NC 27587-7320 (MLS # 2256086)
    28
    4 beds,  2 full, 1 half baths
    2,730 sqft   lot 2.18 ac
    Walk Score® 3
    Listed with Carolina Real Estate Associates Inc.
    MLS 2256086
  13. Photo of 70 Sweetgrass Way, Clayton, NC 27527 (MLS # 2256085)
    11
    3 beds,  3 full baths
    1,965 sqft   lot 5,663 sqft
    Walk Score® 26
    Listed with HomeTowne Realty Clayton East
    MLS 2256085
  14. Photo of 10225 NC 39 Highway, Middlesex, NC 27557 (MLS # 2256080)
    15
    3 beds,  2 full baths
    1,296 sqft   lot 1.36 ac
    Walk Score® 0
    Listed with Re/Max Southland Realty II
    MLS 2256080
  15. Photo of 109 To Be Added Court, Holly Springs, NC 27540 (MLS # 2256076)
    22
    5 beds,  3 full, 1 half baths
    4,032 sqft   lot 15,682 sqft
    Walk Score® 0
    Listed with Toll Brothers, Inc.
    MLS 2256076
  16. Photo of 1227 Seaton Road , 55, Durham, NC 27713 (MLS # 2256074)
    6
    3 beds,  2 full, 1 half baths
    1,638 sqft   lot 1,220 sqft
    Walk Score® 15
    Listed with Keller Williams Realty United
    MLS 2256074
  17. 3 beds,  2 full, 1 half baths
    1,647 sqft   lot 1,742 sqft
    Walk Score® 14
    Listed with Terramor Homes
    MLS 2256073
  18. 3 beds,  2 full, 1 half baths
    1,647 sqft   lot 1,742 sqft
    Walk Score® 14
    Listed with Terramor Homes
    MLS 2256072
  19. 3 beds,  2 full, 1 half baths
    1,647 sqft   lot 1,742 sqft
    Walk Score® 14
    Listed with Terramor Homes
    MLS 2256071
  20. 3 beds,  2 full, 1 half baths
    1,647 sqft   lot 1,742 sqft
    Walk Score® 14
    Listed with Terramor Homes
    MLS 2256069
  21. Photo of 2005 Ashland Grove Drive, Knightdale, NC 27545 (MLS # 2256068)
    23
    5 beds,  3 full, 1 half baths
    2,901 sqft   lot 12,197 sqft
    Walk Score® 2
    Listed with Mungo Homes of North Carolina
    MLS 2256068
  22. Photo of 1165 St Cloud Loop , Lot 62, Apex, NC 27523 (MLS # 2256067)
    5
    3 beds,  2 full baths
    2,062 sqft   lot 12,632 sqft
    Walk Score® 0
    Listed with SM North Carolina Brokerage
    MLS 2256067
  23. 3 beds,  2 full, 1 half baths
    1,647 sqft   lot 1,742 sqft
    Walk Score® 14
    Listed with Terramor Homes
    MLS 2256065
  24. Photo of 1076 St Cloud Loop , Lot 116, Apex, NC 27523 (MLS # 2256064)
    19
    3 beds,  2 full baths
    1,689 sqft   lot 14,810 sqft
    Walk Score® 0
    Listed with SM North Carolina Brokerage
    MLS 2256064
  25. 3 beds,  2 full, 1 half baths
    1,647 sqft   lot 1,742 sqft
    Walk Score® 14
    Listed with Terramor Homes
    MLS 2256063
  26. Photo of 5140 Glen Creek Trail, Garner, NC 27529 (MLS # 2256061)
    15
    4 beds,  3 full, 1 half baths
    2,809 sqft   lot 30,492 sqft
    Walk Score® 0
    Listed with Fonville Morisey & Barefoot/Glen Creek
    MLS 2256061
  27. Photo of 317 Masden Road , Lot 336, Holly Springs, NC 27540 (MLS # 2256057)
    3
    4 beds,  3 full baths
    2,671 sqft   lot 4,400 sqft
    Walk Score® 8
    Listed with Lennar Carolinas LLC
    MLS 2256057
  28. Photo of 128 S Parliament Way, Clayton, NC 27520 (MLS # 2256056)
    25
    6 beds,  3 full baths
    4,299 sqft   lot 22,522.00 ac
    Walk Score® 6
    Listed with HomeTowne Realty
    MLS 2256056
  29. Photo of 1048 Laredo Lane, Durham, NC 27703 (MLS # 2256055)
    6
    4 beds,  3 full, 1 half baths
    3,017 sqft   lot 6,142 sqft
    Walk Score® 1
    Listed with Hunt For Homes Inc.
    MLS 2256055
  30. Photo of 121 Auburn Village Boulevard, Garner, NC 27529 (MLS # 2256052)
    2
    3 beds,  2 full baths
    1,722 sqft   lot 6,403 sqft
    Walk Score® 9
    Listed with Lennar Carolinas LLC
    MLS 2256052
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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: 5/14/19 4:17 PM PDT.