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 4204 Yadkin Drive, Raleigh, NC 27609 (MLS # 2204040)
    25
    4 beds,  3 full baths
    2,526 sqft   lot 17,860 sqft
    Listed with Howard Perry & Walston Realtor
    MLS 2204040
  2. Photo of 35 Benchmark, Pittsboro, NC 27312 (MLS # 2204036)
    12
    3 beds,  2 full baths
    1,743 sqft   lot 20,038 sqft
    Walk Score® 8
    Listed with Peak,Swirles & Cavallito Prop
    MLS 2204036
  3. Photo of 2104 Rainy Lake Street, Wake Forest, NC 27587 (MLS # 2204035)
    25
    Open House
    4 beds,  3 full baths
    2,805 sqft   lot 10,454 sqft
    Walk Score® 3
    Listed with Legacy Partners Realty, LLC
    MLS 2204035
  4. Photo of 101 Winding Brook Drive, Garner, NC 27529 (MLS # 2204033)
    16
    3 beds,  2 full baths
    1,230 sqft   lot 27,878 sqft
    Walk Score® 19
    Listed with Parrish Realty Company of Knig
    MLS 2204033
  5. Photo of 120 Neuse Landing Drive, Clayton, NC 27527 (MLS # 2204028)
    25
    3 beds,  2 full, 1 half baths
    2,444 sqft   lot 33,541 sqft
    Walk Score® 6
    Listed with HomeTowne Realty Clayton East
    MLS 2204028
  6. Photo of 5234 Passenger Place, Raleigh, NC 27603-8227 (MLS # 2204027)
    20
    3 beds,  2 full baths
    1,492 sqft   lot 43,560 sqft
    Walk Score® 0
    Listed with MRN Realty & Investments
    MLS 2204027
  7. Photo of 813 N NC 87, Burlington, NC 27217 (MLS # 2204026)
    25
    4 beds,  2 full baths
    2,210 sqft   lot 22,825 sqft
    Walk Score® 9
    Listed with Keller Williams Realty
    MLS 2204026
  8. Photo of 968 Cinnamon Drive, Durham, NC 27713 (MLS # 2204025)
    10
    3 beds,  2 full, 1 half baths
    1,672 sqft   lot 1,307 sqft
    Walk Score® 18
    Listed with Keaton Barrow Realty
    MLS 2204025
  9. Photo of 3182 Cascade Drive, Alamance, NC 27217 (MLS # 2204024)
    3
    4 beds,  3 full baths
    2,774 sqft   lot 1.01 ac
    Walk Score® 5
    Listed with Re/Max Diamond Realty
    MLS 2204024
  10. Photo of 1248 Vincent Drive, Graham, NC 27253 (MLS # 2204022)
    23
    3 beds,  2 full baths
    1,060 sqft   lot 22,216 sqft
    Walk Score® 6
    Listed with Keller Williams Realty
    MLS 2204022
  11. Photo of 3154 Cascade Drive, Burlington, NC 27217 (MLS # 2204021)
    3
    4 beds,  3 full baths
    2,875 sqft   lot 43,560 sqft
    Walk Score® 5
    Listed with Re/Max Diamond Realty
    MLS 2204021
  12. 3 beds,  2 full baths
    1,214 sqft   lot 14,810 sqft
    Walk Score® 57
    Listed with Triangle South Realty Inc.
    MLS 2204020
  13. 3 beds,  1 full, 1 half baths
    1,105 sqft   lot 27,878 sqft
    Walk Score® 56
    Listed with Triangle South Realty Inc.
    MLS 2204017
  14. Photo of 106 Stokesay Court, Cary, NC 27513-4786 (MLS # 2204014)
    25
    3 beds,  2 full baths
    2,029 sqft   lot 10,890 sqft
    Walk Score® 36
    Listed with Keller Williams Realty United
    MLS 2204014
  15. Photo of 1617 Ridge Road, Raleigh, NC 27607-6736 (MLS # 2204013)
    5
    5 beds,  4 full, 2 half baths
    5,150 sqft   lot 15,682 sqft
    Walk Score® 23
    Listed with Sheridan South Real Estate
    MLS 2204013
  16. Photo of 709 Wildflower Ridge Road , 375, Wake Forest, NC 27587 (MLS # 2204011)
    21
    3 beds,  3 full baths
    2,600 sqft   lot 9,365 sqft
    Walk Score® 11
    Listed with Terramor Homes, Inc.
    MLS 2204011
  17. Photo of 1517 Shelley Road, Raleigh, NC 27612 (MLS # 2204008)
    25
    5 beds,  3 full baths
    2,735 sqft   lot 15,682 sqft
    Walk Score® 18
    Listed with Sewell Realty Group
    MLS 2204008
  18. Photo of 9437 Ferrell Road, Zebulon, NC 27597 (MLS # 2204006)
    20
    5 beds,  3 full baths
    2,305 sqft   lot 1.68 ac
    Walk Score® 6
    Listed with Parrish Realty Co. Wendell
    MLS 2204006
  19. Photo of 222 Brier Crossings Loop, Durham, NC 27703 (MLS # 2204004)
    23
    3 beds,  2 full, 1 half baths
    1,496 sqft   lot 1,960 sqft
    Walk Score® 9
    Listed with Movil Realty
    MLS 2204004
  20. Photo of 2519 St Marys Street, Raleigh, NC 27609 (MLS # 2204003)
    24
    4 beds,  3 full baths
    2,593 sqft   lot 11,326 sqft
    Walk Score® 38
    Listed with RE/MAX Advantage
    MLS 2204003
  21. Photo of 2413 Darnley Street, Garner, NC 27529-7305 (MLS # 2203997)
    23
    Price Drop
    4 beds,  2 full baths
    2,052 sqft   lot 38,768 sqft
    Walk Score® 0
    Listed with Coldwell Banker Advantage
    MLS 2203997
  22. Photo of 8561 NC 751 Highway, Durham, NC 27713 (MLS # 2203993)
    6
    2 beds,  1 full, 1 half baths
    920 sqft   lot 9.76 ac
    Walk Score® 0
    Listed with Howard Perry & Walston Realtor
    MLS 2203993
  23. Photo of 93 Old Wilder Lane, Chapel Hill, NC 27517 (MLS # 2203992)
    25
    4 beds,  2 full, 1 half baths
    2,767 sqft   lot 1.40 ac
    Walk Score® 17
    Listed with Fonville Morisey/Lochmere Sales Office
    MLS 2203992
  24. Photo of 1501 Birkdale Circle, Mebane, NC 27302 (MLS # 2203990)
    16
    4 beds,  2 full, 1 half baths
    2,336 sqft   lot 11,108 sqft
    Walk Score® 7
    Listed with RE/MAX Metrolina
    MLS 2203990
  25. Photo of 122 Joanne Circle, Cary, NC 27511 (MLS # 2203986)
    14
    3 beds,  2 full baths
    1,535 sqft   lot 3,049 sqft
    Walk Score® 27
    Listed with Fonville Morisey/Lochmere Sales Office
    MLS 2203986
  26. Photo of 7200 Vermilion Court, Wake Forest, NC 27587 (MLS # 2203984)
    25
    4 beds,  3 full, 1 half baths
    4,640 sqft   lot 3.54 ac
    Walk Score® 1
    Listed with Re/Max One Realty
    MLS 2203984
  27. Photo of 3710 Pardue Woods Drive , 101, Raleigh, NC 27603 (MLS # 2203982)
    13
    3 beds,  3 full baths
    1,257 sqft  
    Walk Score® 14
    Listed with Re/Max Performance
    MLS 2203982
  28. Photo of 1509 Great Ridge Parkway, Chapel Hill, NC 27516 (MLS # 2203980)
    3
    4 beds,  3 full, 1 half baths
    3,783 sqft   lot 6,970 sqft
    Walk Score® 13
    Listed with Garman Homes LLC
    MLS 2203980
  29. Photo of 8325 Rosiere Drive , 61, Cary, NC 27518 (MLS # 2203977)
    9
    5 beds,  4 full, 1 half baths
    3,678 sqft   lot 8,276 sqft
    Walk Score® 22
    Listed with Ashton Woods Homes
    MLS 2203977
  30. Photo of 1241 Bellreng Drive, Wake Forest, NC 27587 (MLS # 2203976)
    25
    4 beds,  2 full, 1 half baths
    2,817 sqft   lot 15,246 sqft
    Walk Score® 3
    Listed with Re/Max United
    MLS 2203976
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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: 7/16/18 8:40 PM PDT.