Six Steps to Buying a Home

Whether you are a first time home buyer or currently a homeowner searching for a new property in a better neighborhood, the home buying process can be an exciting yet overwhelming experience. That’s why we’ve broken down the home buying experience into six simple steps!

  1. Choose the right realtor. You want to make sure that your realtor understands your needs. They will work tirelessly to make the transition to finding your new home as simple and easy as possible. Which means less stress for you. Make sure your realtor is a professional who knows the market and can identify the best home for your value.

  2. Get Pre-approved. A pre-approval certifies that your lender has checked your credit and verified your documentation to approve a specific loan amount for your future home. This can be your bank, a mortgage lender, or local home buying programs.

  3. It’s time to shop! Now you can really begin your search for the perfect home and negotiate offers.

  4. Home Inspection. A home inspection is super important in determining if there are any defects to the property once you go under contract. There are a variety of home inspections including a full home inspection to radon inspections, so make sure you visit our post on the “Top 5 Home Inspections” you should consider before moving in!

  5. Home Appraisal. Getting a home appraisal provides a professional estimate on the value of the property. This will determine whether the home’s value is actually worth what you’re able or willing to pay.

  6. Congratulations you’re a homeowner! You’ve reached the final step. It’s now time to get the keys and go to closing.

To learn more from a qualified and experienced agent, contact us! Call: 833-704-HOME or email Qulia Bryant via quliasells@gmail.com for specific needs.

Source(s):

https://www.investopedia.com/financial-edge/0411/5-things-you-need-to-be-pre-approved-for-a-mortgage.aspx

https://www.investopedia.com/articles/pf/12/home-appraisals.asp

https://www.discover.com/home-loans/articles/the-home-appraisal-process

 

Top 5 Home Inspections

Finding the perfect home can be a dream come true, but your work doesn’t end once you go under contract on a property. A home inspection is the next step in making sure your future home is in good shape and safe for you to live. The price of an inspection will vary depending on your home’s location and the size of the property, but here are our top five suggested inspections you should consider before moving in.

Full Home Inspection: Whether you’re preparing to move into a townhouse, multifamily, or newly constructed home, a full home inspection should always be a priority. This type of inspection will examine all of the systems of the home from the interior to the exterior, roof to crawl space. It will also inform you of any other potential inspections you may need, especially in regards to receiving further evaluation from a general contractor, structural engineer, electrician, or a roofer.

Mold Inspection: This inspection is suggested for properties that are located near flood zones or even homes with a stucco exterior. Mold (or mildew) is a fungal growth which indicates decay or water problems caused by a source of moisture and structural issues on your property.

Radon Inspection: Radon is a colorless, odorless, tasteless gas that can seep through cracks or holes in the foundation of your home and become trapped. High levels of radon can be dangerous, especially considering that radon is the second leading cause of lung cancer. You should also test for carbon dioxide if detectors aren’t already installed on the property.

Termite Inspection: Termites are a popular problem in North Carolina and South Carolina, so it is highly recommended the buyers in these areas get a termite inspection along with a full home inspection. This is imperative for getting rid of any wood-destroying insects or pests that can become a huge cost to you in the future if the issue goes untreated.

Well Water Inspection: Another popular inspection in the North Carolina and South Carolina area is the well water inspection. This will test properties located near a well or septic for any bacteria, contaminants, or high levels of lead in the water. You want to make sure your source of water is clean, free, and can pass a chemical test.

These five inspections are highly encouraged for any potential home buyer and should be completed during your due diligence period. This will assure that you will still be able to negotiate repairs and pricing if any issues arise and are brought to your attention through an inspection.

If you’re a potential home buyer and you have any questions or concerns about the buying process, we’re here to help! You can check out more tips on home inspections in our video on Necessary Home Inspections. Our dedicated and trusted agent, Qulia Bryant, is committed to helping buyers understand their options and will get the job done. Call us at 833-704-HOME or find your dream home online.

Sources:

https://www.doctoroz.com/article/radon-danger-your-home

http://www.moldreport.com/mold_inspections.html

https://www.nationalradondefense.com/radon-information/radon-symptoms.html

http://wellowner.org/water-well-maintenance/annual-checkup/

 

Location, Location, Location!

The search for your dream home can be an exciting, yet overwhelming experience. One of the key aspects of finding your perfect home is considering the location. Whether you’re hoping to live in a city, suburb, or rural area, there are important factors to keep in mind when determining your future place of residence.

Neighborhoods that stand out among others typically provide the lifestyle that buyers desire. They are often situated in areas that are accommodating and supply easy access to local recreation, shopping areas, education, and have high livable scores which are publicly available on sites such as areavibes.com and walkscore.com.

You may be more inclined to purchase a home in an area that is in walkable distance to your favorite beauty salon, grocery store, or has access to a community pool and parks, rather than a neighborhood that would require a longer commute to these niceties. The significance of these luxuries depends on your personal lifestyle and their proximity to the neighborhood where you choose to live.

Location also determines whether the value of your home will progress or regress.

The principle of progress estimates that the value of your home increases when found in close proximity to other high-valued properties in a desirable neighborhood. A modest or less expensive house in a pleasant neighborhood will increase in value when found among other nice and more expensive properties.

The principle of regress assumes that the value of your property will decrease when found among less-expensive homes in less-desirable neighborhoods. Investing in major remodeling or changes in a home that is situated in a neighborhood with less-expensive houses will bring the value of your home down.

Location and livability aren’t just factors that you should consider when purchasing a home. These features will also be important if you ever decide to sell your home in the future, since the community features and amenities will affect the resale value of your home. To learn more about finding the perfect location for your new home, check out our video on Popular Charlotte Neighborhoods.

Find Your Dream Home With Perfect House Realty

Home buying and selling can be an intimidating and complex process. The team at Perfect House Realty are committed to helping buyers and sellers in the Charlotte, North Carolina area understand their options. Call us at 833-704-HOME or find your dream home online.


Sources:

https://www.prepagent.com/article/principle-of-regression-progression

https://www.thetruthaboutrealty.com/factors-that-determine-real-estate-value/

https://study.com/academy/lesson/the-principle-of-progression-in-real-estate-definition-example.html