5 Common Mistakes New Homebuyers Make
Buying a home in a city as diverse and attractive as Cary can be a challenge. With hundreds if not thousands of real estate listings within the Triangle on a daily basis, the selection is large, the price points are varied, and it can be difficult to narrow down all these listings to identify your ideal Cary home or property for sale.
So when you start your Cary house hunt, be on the lookout for these common mistakes that new homebuyers can make. If you start your search armed with knowledge and an experienced real estate broker at your side, you’ll have the best opportunity to find the perfect Cary home for you.
Not knowing your price range
An online search through the Cary MLS to familiarize yourself with the local market should be your first step in buying a home, and contacting a mortgage lender, (or asking your broker to provide you with a reference for a lender), should be your second. Knowing your price range will not only help you identify homes that suit your budget, but will help with negotiations and long-term financial security well after you have closed on your Cary home.
A lack of imagination
Be careful not to be dissuaded from otherwise perfect homes by things that can easily be changed! You may pass over a home because of ugly wallpaper or paint schemes, a barren yard, or other cosmetic features, but never overlook flaws that can be easily adjusted to suit your tastes once you move in.
Too much imagination
Conversely, don’t ignore large flaws that can’t be easily addressed. If you don’t like a home’s location, layout, or other structural factor, remember these are all elements that can’t be altered after you close on your Cary home.
The Cary real estate market is always changing, so it’s imperative to pay attention in case a property that suits your specifications pops up on the market. Remember that there are always thousands of buyers looking for real estate listings in the Cary area as well, so conduct searches regularly – or ask your broker to do so – to ensure that the perfect home doesn’t pass you by.
Not using a real estate agent
As a buyer, a real estate agent is an instrumental tool that can guide you through every step of the real estate process. A real estate agent who is both experienced and familiar with Cary can help you identify great properties for sale, help look for potential issues, coordinate financing and inspections, help negotiate, and can assist in every way imaginable until it’s time to sit down at the closing table.
Not enlisting the services of an experienced Cary real estate broker is the single biggest mistake a new buyer can make, so protect your future investment and home, and be sure that partnering with an esteemed real estate broker is your first step in purchasing a Cary home.