How to Buy a Cary Home like an Expert
Whether this is your first home purchase or one of many Cary real estate investments, you will likely put a lot of time, effort and consideration into your upcoming Cary home purchase. Buying a property – regardless of size, location, or price tag – is a milestone and a big financial move for any buyer, so it’s essential to ensure that you tackle every step of the way with expertise and insight.
But how do you know that you are making smart moves when it comes to buying a property in Cary? It starts with these expert tips that will ensure that your Cary real estate transaction is a satisfying success from start to finish.
Enlist a buyer’s agent who knows Cary
Enlisting a buyer’s agent who lives in Cary and who is intimately familiar with the area is key, especially if you are a fairly new resident to the Triangle region of North Carolina. A Cary expert can help identify attractive neighborhoods and properties that match your expectations, and will give you a huge advantage throughout the buying process, from the initial Cary MLS search, to the final signing at the closing table.
Keep your money stationary
In the months before you purchase a home, be sure that your money is consistent, your income is regular, and that you don’t make any big purchases that can affect your finances. Banks will look at your financial situation for the last few months before they grant you a loan, so you’ll want to make sure that all of your income is consistent in the months leading up to your Cary home purchase.
Know your borders
If you want to spare any potential border or property disputes down the line, be sure and request a survey for the property you want to buy. This is especially true for older homes, properties, and residences in undeveloped areas, where property borders may not be immediately clear.
Inspect before you buy
A home inspection is crucial for buyers, as it will illuminate any major problems with your Cary property of choice before you close the deal. If major issues are found with the home before you buy, you can always go back to the seller and renegotiate the selling price and / or request that essential repairs are made before you close.
The Cary real estate market is consistently changing, as new homes are added daily, and price changes occur on older listings for sale. As such, it’s essential to conduct more than one search to get a better feel of the market, and to ensure you don’t miss any properties for sale that are new and which might fit all of your criteria.
Check your costs
You may be prepared for monthly payments that include interest and insurance, but what about potential taxes, subdivision or community fees, flood insurance, and other costs that might not be imminently obvious? Check with both your buyer’s agent and your mortgage lender to ensure that you have all your bases covered when it comes to hidden costs, and that you are truly buying the home you can afford.
Go with your gut – not your emotions
You may absolutely fall in love with a house, and tend to overlook some major issues. Perhaps you adore the layout or colors of a house, but hate the neighborhood. Or maybe you’re attracted to a home because it’s huge and in your price range, but it requires some major remodels down the line that the seller is not willing to do.
When these situations arise, go with your gut, and not your emotions. Buying a house is like a marriage, and not a first date, so it’s essential to focus on what you can change and what you can’t, and to use that as your guide for making a decision.
Ready to make your move? Then take the first step and enlist Lynell Eaddy as your qualified buyer’s agent today. With in-depth knowledge of the Cary real estate market, Lynell can ensure you have an expert’s POV right from the start.