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 835 Salem Pointe Place , 58, Apex, NC 27523 (MLS # 2153164)
    6
    3 beds,  3 full, 1 half baths
    2,297 sqft   lot 2,091 sqft
    Walk Score® 0
    Listed with Standard Pacific Carolinas LLC
    MLS 2153164
  2. Photo of 102 Dink Ashley Road, Timberlake, NC 27583 (MLS # 2153163)
    22
    2 beds,  1 full bath
    969 sqft   lot 1.68 ac
    Walk Score® 0
    Listed with Howard Perry & Walston Realtor
    MLS 2153163
  3. Photo of 836 Salem Pointe Place , 47, Apex, NC 27523 (MLS # 2153160)
    5
    3 beds,  2 full, 1 half baths
    1,754 sqft   lot 2,091 sqft
    Walk Score® 0
    Listed with Standard Pacific Carolinas LLC
    MLS 2153160
  4. Photo of 803 Brickstone Drive, Apex, NC 27502 (MLS # 2153159)
    6
    4 beds,  2 full, 1 half baths
    1,964 sqft   lot 8,712 sqft
    Walk Score® 12
    Listed with iSave Realty
    MLS 2153159
  5. Photo of 2714 Erinridge Road, Raleigh, NC 27610 (MLS # 2153158)
    25
    4 beds,  2 full, 1 half baths
    2,104 sqft   lot 5,663 sqft
    Walk Score® 6
    Listed with WJH LLC
    MLS 2153158
  6. Photo of 4300 Eno Cemetery Road, Cedar Grove, NC 27231 (MLS # 2153154)
    25
    2 beds,  2 full baths
    1,232 sqft   lot 1.07 ac
    Walk Score® 0
    Listed with Keller Williams Realty
    MLS 2153154
  7. Photo of 3047 Strickland Drive, Bullock, NC 27507 (MLS # 2153152)
    15
    3 beds,  2 full baths
    1,944 sqft   lot 1.40 ac
    Walk Score® 0
    Listed with Howard Perry & Walston-Durham
    MLS 2153152
  8. Photo of 300 Lakemont Drive, Clayton, NC 27520 (MLS # 2153151)
    25
    4 beds,  2 full, 1 half baths
    2,066 sqft   lot 9,148 sqft
    Walk Score® 7
    Listed with Berkshire Hathaway HomeServices YSU
    MLS 2153151
  9. Photo of 541 E Jones Street, Raleigh, NC 27601 (MLS # 2153150)
    25
    3 beds,  2 full baths
    1,804 sqft   lot 5,663 sqft
    Walk Score® 61
    Listed with Raleigh Homes Realty
    MLS 2153150
  10. Photo of 4107 Swepsonville Saxapahaw Road, Graham, NC 27253 (MLS # 2153149)
    20
    3 beds,  2 full baths
    1,451 sqft   lot 1.50 ac
    Walk Score® 0
    Listed with Keller Williams Realty
    MLS 2153149
  11. Photo of 11028 Peacock Moss Street, Raleigh, NC 27613 (MLS # 2153091)
    13
    3 beds,  2 full, 1 half baths
    1,440 sqft   lot 5,750 sqft
    Walk Score® 0
    Listed with Howard Perry & Walston Realtor
    MLS 2153091
  12. 3 beds,  1 full bath
    2,200 sqft   lot 1.96 ac
    Walk Score® 5
    Listed with Realty World Chatham Properties
    MLS 2153157
  13. Photo of 4816 Kilkenny Place Place, Raleigh, NC 27612 (MLS # 2153155)
    25
    4 beds,  3 full baths
    2,320 sqft   lot 20,909 sqft
    Walk Score® 29
    Listed with Fonville Morisey/Lochmere Sales Office
    MLS 2153155
  14. Photo of 300 Old Scarborough Lane, Garner, NC 27529 (MLS # 2153148)
    3
    4 beds,  2 full, 1 half baths
    2,869 sqft   lot 1.08 ac
    Walk Score® 26
    Listed with eXp Realty
    MLS 2153148
  15. Photo of 337 Chisenhall Road, Angier, NC 27501 (MLS # 2153146)
    11
    3 beds,  2 full, 1 half baths
    1,540 sqft   lot 2.35 ac
    Walk Score® 0
    Listed with Keller Williams Realty United
    MLS 2153146
  16. Photo of 8341 Hempshire Place , 102, Raleigh, NC 27613-1326 (MLS # 2153142)
    13
    2 beds,  2 full, 1 half baths
    1,367 sqft  
    Walk Score® 45
    Listed with Envite Realty
    MLS 2153142
  17. Photo of 6640 LATIGO Lane, Wendell, NC 27591 (MLS # 2153140)
    3
    4 beds,  2 full, 1 half baths
    2,389 sqft   lot 41,382 sqft
    Walk Score® 0
    Listed with Sunflower Realty, LLC
    MLS 2153140
  18. Photo of 1444 Vinson Road, Clayton, NC 27527-5001 (MLS # 2153138)
    9
    4 beds,  3 full, 1 half baths
    4,094 sqft   lot 4.36 ac
    Walk Score® 9
    Listed with The NC Real Estate Firm, LLC
    MLS 2153138
  19. Photo of 1009 Devonhurst Court, Apex, NC 27502-5224 (MLS # 2153133)
    25
    3 beds,  2 full, 1 half baths
    2,336 sqft   lot 14,375 sqft
    Walk Score® 41
    Listed with Raleigh Cary Realty Inc.
    MLS 2153133
  20. Photo of 838 Cox Maddox Road, Sanford, NC 27332 (MLS # 2153131)
    16
    3 beds,  2 full baths
    2,352 sqft   lot 1.09 ac
    Walk Score® 0
    Listed with Adcock & Associates
    MLS 2153131
  21. Photo of 107 Edgefield Street, Clayton, NC 27520 (MLS # 2153130)
    17
    3 beds,  3 full baths
    2,268 sqft   lot 11,326 sqft
    Walk Score® 1
    Listed with HomeTowne Realty
    MLS 2153130
  22. Photo of 8909 Deep Well Drive, Willow Spring(s), NC 27592 (MLS # 2153127)
    21
    3 beds,  2 full baths
    1,335 sqft   lot 37,462 sqft
    Walk Score® 0
    Listed with BHL Investments & Realty
    MLS 2153127
  23. Photo of 217 Lively Oaks Way, Holly Springs, NC 27540 (MLS # 2153126)
    25
    4 beds,  4 full baths
    3,467 sqft   lot 15,682 sqft
    Walk Score® 0
    Listed with Alan D. VanVliet
    MLS 2153126
  24. Photo of 864 Queen City Crescent, Apex, NC 27523 (MLS # 2153125)
    9
    3 beds,  3 full, 1 half baths
    1,971 sqft   lot 2,178 sqft
    Walk Score® 45
    Listed with Wake Realty
    MLS 2153125
  25. Photo of 76 N Green Tree Trail, Chapel Hill, NC 27516 (MLS # 2153121)
    14
    3 beds,  2 full baths
    1,174 sqft   lot 22,216 sqft
    Walk Score® 10
    Listed with Sewell Realty Group
    MLS 2153121
  26. Photo of 1304 Marlowe Road, Raleigh, NC 27609-8 (MLS # 2153119)
    19
    4 beds,  3 full, 1 half baths
    3,300 sqft   lot 1.24 ac
    Walk Score® 10
    Listed with Berkshire Hathaway HomeServices YSU
    MLS 2153119
  27. Photo of 11129 Crestmont Drive, Raleigh, NC 27613 (MLS # 2153118)
    9
    3 beds,  2 full baths
    1,616 sqft   lot 21,344 sqft
    Walk Score® 13
    Listed with Howard Perry & Walston-Durham
    MLS 2153118
  28. Photo of 5935 Westcreek Place, Raleigh, NC 27606 (MLS # 2153117)
    19
    2 beds,  2 full baths
    892 sqft   lot 4,356 sqft
    Walk Score® 14
    Listed with RE/MAX Advantage
    MLS 2153117
  29. Photo of 511 Lakemont Drive, Clayton, NC 27520 (MLS # 2153114)
    25
    4 beds,  2 full, 1 half baths
    2,021 sqft   lot 6,970 sqft
    Walk Score® 1
    Listed with HomeTowne Realty
    MLS 2153114
  30. 4 beds,  3 full, 1 half baths
    3,015 sqft   lot 12,197 sqft
    Walk Score® 0
    Listed with Fonville Morisey & Barefoot/Holden Creek Preserve
    MLS 2153111
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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

Copyright 2017 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 9/26/17 5:45 AM PDT.

 
 
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