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. 3 beds,  1 full bath
    1,226 sqft   lot 9,583 sqft
    Listed with Allen Tate Company/Raleigh-Glenwood
    MLS 2193460
  2. Photo of 418 Birchrun Drive, Durham, NC 27712 (MLS # 2193459)
    3
    4 beds,  2 full, 1 half baths
    2,422 sqft   lot 7,579 sqft
    Listed with Better Homes and Gardens Real
    MLS 2193459
  3. Photo of 4328 Lyman Avenue, Raleigh, NC 27616 (MLS # 2193457)
    25
    3 beds,  2 full, 1 half baths
    2,125 sqft   lot 6,534 sqft
    Listed with Linda Craft & Team, REALTORS
    MLS 2193457
  4. Photo of 5004 Pine Trail, Durham, NC 27712 (MLS # 2193456)
    17
    3 beds,  3 full baths
    2,451 sqft   lot 42,689 sqft
    Listed with Coldwell Banker Advantage
    MLS 2193456
  5. Photo of 209 Peachtree Lane, Clayton, NC 27527 (MLS # 2193455)
    25
    4 beds,  3 full, 1 half baths
    3,352 sqft   lot 17,424 sqft
    Listed with HomeTowne Realty
    MLS 2193455
  6. Photo of 8709 Zeigler Drive, Knightdale, NC 27545 (MLS # 2193451)
    25
    4 beds,  3 full, 1 half baths
    3,225 sqft   lot 30,056 sqft
    Walk Score® 0
    Listed with Howard Perry & Walston Realtor
    MLS 2193451
  7. Photo of 220 Glaive Drive, Durham, NC 27703 (MLS # 2193450)
    25
    3 beds,  3 full, 1 half baths
    1,860 sqft   lot 27,878 sqft
    Walk Score® 31
    Listed with Berkshire Hathaway HomeServices YSU
    MLS 2193450
  8. Photo of 762 White Hill Road, Sanford, NC 27332 (MLS # 2193446)
    21
    3 beds,  2 full baths
    1,580 sqft   lot 1.55 ac
    Walk Score® 7
    Listed with Adcock & Associates
    MLS 2193446
  9. Photo of 7016 Ray Road, Raleigh, NC 27613 (MLS # 2193445)
    22
    3 beds,  2 full baths
    1,634 sqft   lot 12,632 sqft
    Walk Score® 6
    Listed with Berkshire Hathaway HomeServices YSU
    MLS 2193445
  10. Photo of 2205 Bayswater Drive, Creedmoor, NC 27522 (MLS # 2193442)
    24
    3 beds,  2 full, 1 half baths
    2,080 sqft   lot 10,454 sqft
    Walk Score® 13
    Listed with Ninja Realty
    MLS 2193442
  11. 3 beds,  2 full, 1 half baths
    2,457 sqft   lot 40,075 sqft
    Walk Score® 0
    Listed with Coldwell Banker Advantage
    MLS 2193439
  12. Photo of 2810 Ashland Drive, Durham, NC 27705 (MLS # 2193435)
    25
    5 beds,  3 full baths
    2,559 sqft   lot 10,411 sqft
    Walk Score® 35
    Listed with Howard Perry & Walston Realtor
    MLS 2193435
  13. Photo of 5505 Robbins Drive, Raleigh, NC 27610 (MLS # 2193429)
    24
    4 beds,  2 full, 1 half baths
    2,873 sqft   lot 12,632 sqft
    Walk Score® 7
    Listed with Achieve Real Estate LLC
    MLS 2193429
  14. Photo of 8612 Neuse Hunter Drive, Raleigh, NC 27616 (MLS # 2193428)
    24
    3 beds,  2 full, 1 half baths
    1,928 sqft   lot 6,970 sqft
    Walk Score® 19
    Listed with Movil Realty
    MLS 2193428
  15. Photo of 2514 Bloomsbury Manor Drive, Durham, NC 27703 (MLS # 2193423)
    22
    Open House
    2 beds,  2 full baths
    1,664 sqft   lot 5,793 sqft
    Walk Score® 0
    Listed with Keller Williams Realty
    MLS 2193423
  16. Photo of 275 Younger Road, Roxboro, NC 27573 (MLS # 2193422)
    23
    4 beds,  2 full baths
    2,692 sqft   lot 3.64 ac
    Walk Score® 24
    Listed with Re/Max Premier Realty
    MLS 2193422
  17. Photo of 7249 Bedford Ridge Drive, Apex, NC 27539 (MLS # 2193420)
    25
    3 beds,  2 full, 1 half baths
    2,254 sqft   lot 10,454 sqft
    Walk Score® 5
    Listed with Re/Max United
    MLS 2193420
  18. Photo of 5441 Golden Arrow Lane, Raleigh, NC 27613 (MLS # 2193417)
    25
    2 beds,  2 full, 2 half baths
    1,952 sqft   lot 1,307 sqft
    Walk Score® 19
    Listed with Re/Max One Realty
    MLS 2193417
  19. 3 beds,  3 full, 1 half baths
    2,211 sqft   lot 2,614 sqft
    Walk Score® 27
    Listed with TLS Realty
    MLS 2193414
  20. Photo of 55 Scarlet Bell Drive, Youngsville, NC 27596 (MLS # 2193412)
    25
    3 beds,  2 full baths
    2,162 sqft   lot 13,068 sqft
    Walk Score® 4
    Listed with Howard Perry & Walston Realtor
    MLS 2193412
  21. Photo of 431 Boulder Point Drive , Lt1627, Chapel Hill, NC 27516 (MLS # 2193410)
    25
    3 beds,  3 full baths
    2,732 sqft   lot 6,621 sqft
    Walk Score® 1
    Listed with Homes by Dickerson/Briar Chapel
    MLS 2193410
  22. Photo of 132 Abbeville Lane, Holly Springs, NC 27540 (MLS # 2193409)
    25
    4 beds,  3 full, 1 half baths
    3,629 sqft   lot 10,454 sqft
    Walk Score® 3
    Listed with Daymark Realty LLC
    MLS 2193409
  23. Photo of 132 Grey Hawk Drive, Garner, NC 27529 (MLS # 2193405)
    3
    4 beds,  2 full, 1 half baths
    2,201 sqft   lot 1.70 ac
    Walk Score® 4
    Listed with Shenandoah Real Estate, LLC
    MLS 2193405
  24. Photo of 1603 Milton Road, Durham, NC 27712 (MLS # 2193404)
    18
    Open House
    3 beds,  2 full baths
    1,560 sqft   lot 33,193 sqft
    Walk Score® 8
    Listed with Weichert, Realtors- Mark Thomas Properties
    MLS 2193404
  25. Photo of 702 Bellmeade Bay Drive, Durham, NC 27703 (MLS # 2193403)
    20
    3 beds,  2 full baths
    1,592 sqft   lot 7,057 sqft
    Walk Score® 7
    Listed with West & Woodall/Town, Lake & Country Properties
    MLS 2193403
  26. Photo of 324 Huckleberry Loop, Mebane, NC 27302 (MLS # 2193402)
    21
    3 beds,  2 full, 1 half baths
    1,624 sqft   lot 6,534 sqft
    Walk Score® 0
    Listed with Howard Perry & Walston Realtor
    MLS 2193402
  27. Photo of 4124 Lady Slipper Lane, Durham, NC 27704 (MLS # 2193401)
    25
    3 beds,  3 full baths
    2,410 sqft   lot 6,447 sqft
    Walk Score® 0
    Listed with Coldwell Banker Advantage
    MLS 2193401
  28. Photo of 710 Holloway Street, Durham, NC 27701 (MLS # 2193399)
    21
    3 beds,  2 full baths
    1,673 sqft   lot 12,240 sqft
    Walk Score® 62
    Listed with Trammel Brothers Inc.
    MLS 2193399
  29. Photo of 5025 Rainmaker Drive, Durham, NC 27704 (MLS # 2193398)
    22
    Open House
    3 beds,  2 full, 1 half baths
    1,373 sqft   lot 1,742 sqft
    Walk Score® 4
    Listed with Keller Williams Realty United
    MLS 2193398
  30. Photo of 1925 Eagle Creek Court, Raleigh, NC 27606 (MLS # 2193397)
    25
    3 beds,  2 full, 1 half baths
    2,911 sqft   lot 40,075 sqft
    Walk Score® 0
    Listed with Keller Williams Realty
    MLS 2193397
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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: 5/23/18 11:15 AM PDT.