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 6102 Beale Loop , 104- Darden, Raleigh, NC 27616 (MLS # 2232749)
    4
    3 beds,  2 full, 1 half baths
    1,627 sqft   lot 2,178 sqft
    Walk Score® 10
    Listed with Lennar Carolinas LLC
    MLS 2232749
  2. Photo of 525 S West Street , 309, Raleigh, NC 27601 (MLS # 2232745)
    21
    1 bed,  1 full bath
    910 sqft  
    Walk Score® 78
    Listed with Monarch Realty Co.
    MLS 2232745
  3. 3 beds,  2 full baths
    1,596 sqft   lot 8,712 sqft
    Walk Score® 1
    Listed with Fonville Morisey/Brier Creek Sales Office
    MLS 2232743
  4. Photo of 277 Stansbury Lane, Clayton, NC 27527-3909 (MLS # 2232742)
    14
    3 beds,  2 full, 1 half baths
    1,400 sqft   lot 7,013 sqft
    Walk Score® 19
    Listed with Opendoor Brokerage LLC
    MLS 2232742
  5. Photo of 205 Norwich Drive, Clayton, NC 27520-2193 (MLS # 2232741)
    24
    Open House
    3 beds,  2 full baths
    1,695 sqft   lot 6,098 sqft
    Walk Score® 1
    Listed with Ford Corroo Realty- A VFG Company
    MLS 2232741
  6. Photo of 6604 Enrichment Lane , 1060, Raleigh, NC 27616 (MLS # 2232740)
    5
    3 beds,  2 full, 1 half baths
    2,400 sqft   lot 4,138 sqft
    Walk Score® 32
    Listed with Lennar Carolinas LLC
    MLS 2232740
  7. Photo of 1281 Landmark Road, Willow Spring(s), NC 27592 (MLS # 2232739)
    15
    3 beds,  2 full baths
    1,012 sqft   lot 1.69 ac
    Walk Score® 0
    Listed with Re/Max Southland Realty II
    MLS 2232739
  8. Photo of 428 Creekway Drive, Fuquay Varina, NC 27526 (MLS # 2232735)
    25
    3 beds,  2 full, 1 half baths
    1,802 sqft   lot 3,006 sqft
    Walk Score® 4
    Listed with Mattamy Homes LLC
    MLS 2232735
  9. Photo of 424 Creekway Drive, Fuquay Varina, NC 27526 (MLS # 2232731)
    25
    3 beds,  2 full, 1 half baths
    1,938 sqft   lot 2,875 sqft
    Walk Score® 18
    Listed with Mattamy Homes LLC
    MLS 2232731
  10. Photo of 180 Hillside Village Drive, Louisburg, NC 27549 (MLS # 2232730)
    18
    3 beds,  2 full, 1 half baths
    1,900 sqft   lot 1.46 ac
    Walk Score® 0
    Listed with Julie Wright Realty Group LLC
    MLS 2232730
  11. Photo of 4910 Poyner Road, Raleigh, NC 27612 (MLS # 2232729)
    19
    4 beds,  4 full baths
    3,157 sqft   lot 25,265 sqft
    Walk Score® 3
    Listed with Re/Max United
    MLS 2232729
  12. Photo of 5009 Thanet Place, Raleigh, NC 27612 (MLS # 2232728)
    5
    4 beds,  3 full, 1 half baths
    4,095 sqft   lot 16,117 sqft
    Walk Score® 3
    Listed with Re/Max United
    MLS 2232728
  13. Photo of 1236 Colonial Club Drive, Wake Forest, NC 27587 (MLS # 2232727)
    11
    3 beds,  2 full, 1 half baths
    1,750 sqft   lot 3,485 sqft
    Walk Score® 6
    Listed with NextHome The Ideal Group
    MLS 2232727
  14. Photo of 420 Creekway Drive, Fuquay Varina, NC 27526 (MLS # 2232725)
    25
    3 beds,  2 full, 1 half baths
    1,802 sqft   lot 2,788 sqft
    Walk Score® 4
    Listed with Mattamy Homes LLC
    MLS 2232725
  15. Photo of 224 Plantation Drive, Youngsville, NC 27596 (MLS # 2232724)
    21
    4 beds,  2 full, 1 half baths
    2,555 sqft   lot 10,019 sqft
    Walk Score® 7
    Listed with Premier Properties of the Tria
    MLS 2232724
  16. Photo of 416 Creekway Drive, Fuquay Varina, NC 27526 (MLS # 2232722)
    25
    3 beds,  2 full, 1 half baths
    1,991 sqft   lot 3,528 sqft
    Walk Score® 18
    Listed with Mattamy Homes LLC
    MLS 2232722
  17. Photo of 430 Averasboro Drive, Clayton, NC 27520 (MLS # 2232720)
    25
    4 beds,  2 full, 1 half baths
    2,458 sqft   lot 6,098 sqft
    Walk Score® 1
    Listed with Keller Williams Realty Platinum
    MLS 2232720
  18. Photo of 1536 Trollingwood Hawfields Road, Mebane, NC 27302 (MLS # 2232719)
    25
    3 beds,  2 full baths
    1,999 sqft   lot 3.00 ac
    Walk Score® 31
    Listed with Keller Williams Realty
    MLS 2232719
  19. 4 beds,  3 full baths
    2,713 sqft   lot 6,011 sqft
    Walk Score® 0
    Listed with Taylor Morrison of Carolinas,
    MLS 2232718
  20. Photo of 170 Hillside Village Drive, Louisburg, NC 27549 (MLS # 2232717)
    22
    3 beds,  2 full baths
    1,376 sqft   lot 31,799 sqft
    Walk Score® 0
    Listed with Julie Wright Realty Group LLC
    MLS 2232717
  21. Photo of 182 Deer Knoll Lane , 64, Clayton, NC 27527 (MLS # 2232714)
    17
    4 beds,  3 full baths
    2,010 sqft   lot 19,820 sqft
    Walk Score® 7
    Listed with Smith Douglas Homes
    MLS 2232714
  22. Photo of 808 Copper Beech Lane, Wake Forest, NC 27587 (MLS # 2232713)
    17
    4 beds,  3 full, 1 half baths
    3,187 sqft   lot 9,583 sqft
    Walk Score® 0
    Listed with AV Homes of Raleigh LLC
    MLS 2232713
  23. Photo of 7013 Copperleaf Place, Cary, NC 27519-1565 (MLS # 2232712)
    25
    5 beds,  5 full, 1 half baths
    5,408 sqft   lot 20,473 sqft
    Walk Score® 3
    Listed with Berkshire Hathaway HomeServices YSU
    MLS 2232712
  24. 4 beds,  3 full baths
    3,292 sqft   lot 30,056 sqft
    Walk Score® 5
    Listed with Weekley Homes, LLC
    MLS 2232711
  25. Photo of 20 Commons Ford Place, Apex, NC 27539 (MLS # 2232709)
    25
    4 beds,  3 full baths
    2,841 sqft   lot 12,807 sqft
    Walk Score® 5
    Listed with Mattamy Homes LLC
    MLS 2232709
  26. Photo of 3421 South Pointe Drive, Apex, NC 27539 (MLS # 2232708)
    25
    5 beds,  3 full, 1 half baths
    3,755 sqft   lot 22,303 sqft
    Walk Score® 4
    Listed with Mattamy Homes LLC
    MLS 2232708
  27. Photo of 109 Saranac Ridge Drive, Holly Springs, NC 27540-8478 (MLS # 2232707)
    18
    3 beds,  2 full, 1 half baths
    1,966 sqft   lot 10,890 sqft
    Walk Score® 15
    Listed with Opendoor Brokerage LLC
    MLS 2232707
  28. Photo of 10 Commons Ford Place, Apex, NC 27539 (MLS # 2232706)
    25
    4 beds,  3 full baths
    3,020 sqft   lot 13,286 sqft
    Walk Score® 5
    Listed with Mattamy Homes LLC
    MLS 2232706
  29. Photo of 7846 Cape Charles Drive, Raleigh, NC 27617 (MLS # 2232702)
    24
    4 beds,  3 full baths
    2,780 sqft   lot 3,920 sqft
    Walk Score® 20
    Listed with Dickerson Brady Realty, Inc.
    MLS 2232702
  30. Photo of 233 Bally Shannon Way, Apex, NC 27539 (MLS # 2232701)
    21
    4 beds,  4 full baths
    3,186 sqft   lot 5,619 sqft
    Walk Score® 9
    Listed with Fonville Morisey/Brier Creek Sales Office
    MLS 2232701
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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: 1/19/19 4:50 PM PST.