When deciding to purchase real estate you’ll want to understand the home buying process. It’s like a map; without a good map, you might not get there.
How to Buy a Home on Lake Norman
The first step in buying a home is to get your finances in order. That puts you in the best negotiating position. Understand what short and long-term home ownership costs are and include them into your budget.
You have choices – not only in the type of property you want to purchase, but also in the real estate professional you select to assist with your transaction. Wouldn’t you prefer to work with the most qualified real estate professional you can find?
Following some simple tips will provide a much smoother home search process. Although many people prefer to buy new homes there are advantages to purchasing existing-home. Understand common myths and misunderstandings when searching for homes.
» The Home Buying Process
View this home buying process chart. It gives you an overview of the steps necessary when buying real estate. It’s a road map to buying property that will lead you to your new home!
» Getting Ready to Buy
When getting ready to purchase real estate it begins with getting your finances in order. Learn what affects your credit score and how to improve your credit score. Review the checklist of what your Lender will need and have it readily available. When setting your real estate budget keep in mind how much it costs to own a home.
» Find a REALTOR
When it’s time to buy real estate, you have choices – not only in the type of property you want to purchase, but also in the real estate professional you select to assist with your transaction. Wouldn’t you prefer to work with the most qualified real estate professional you can find? Are they an Accredited Buyer’s Representative (ABR®), are they a Graduate of REALTOR® Institute (GRI)? If you are in the market for a luxury home, do they belong to The Institute for Luxury Home Marketing (ILHM)? Learn about Working with Real Estate Agents and read the brochure. Learn what services a real estate agent should offer.
» How to Search for Property
Searching for a home can be a daunting task. Following some simple property search tips will provide a much smoother home search process. Although many people prefer to buy new homes which entails considerably more steps and decisions than most existing-home transactions, the vast majority of buyers prefer resales. Understand common myths and misunderstandings when searching for homes. Property tax and tax rates can also play a big part in your decision of where to purchase a home.
» Contract to Closing
Contract to Closing; learn about what steps are involved in real estate contract negotiations? Home inspections will vary depending on the type of property you are purchasing. Home warranty coverage is for systems and appliances in good working order at the start of the contract. You and your REALTOR® should always make time for a final walk-through. The HUD-1 outlines all of the charges to each party (buyer and seller).
When deciding which area of Lake Norman you would like to buy property and live you’ll want to compare what Cornelius, Davidson, Denver, Huntersville and Mooresville each have to offer; which town matches your lifestyle. Don’t forget to view Lake Norman links for more information about the entire Charlotte region. Real estate news offers charts of the latest home sales trends. This is just as important for home buyers as home sellers to know.
Lake Norman real estate offers so many options that can fit every lifestyle. Estelle’s real estate business is all about matching homes with lifestyles…let’s find yours!