Phone: 919-210-8388 | Email: mattpeedin@kw.com

Home Buying Tips

Tenants receiving their keys

Buying a house is one of the biggest expenses you’re ever going to make. If you’re setting your sights on a new home, here are some tips to help you out:

Hire a real estate professional

When buying property, it’s always best to have someone with in-depth knowledge and experience on your side. Most homebuyers make mistakes that could have easily been avoided with proper advice. Hiring a real estate agent can help you throughout the buying process and also unburden you from unnecessary stress. Read more about the advantages of working with a real estate agent.

Pay attention to your credit

Before buying a house, make sure your credit score is good. It’s ideal to have your finances checked by a professional who can help you tackle potential problems before these get out of hand. Incurring a bad credit rating will negatively affect your chances of getting a good loan with mortgage lenders.

Don’t go over budget

Going a couple of thousand dollars over budget may seem like a small price to pay for your dream home, but this is not the case. If you don’t have a good rein on your finances and you are not familiar with all the costs that come with being a property owner, then going a few thousand dollars over your original budget may snowball into something that will negatively affect your financial future.

Research about your neighborhood

Remember that when shopping for a house, it’s not just the structure you’re buying but its location as well. It would be prudent to get to know the neighborhood of the house you intend to buy through research and chatting with the locals. You will find out that talking to potential neighbors or picking up the local newspaper can reveal a lot about the place. The internet is also a friend in this case as there are several websites like Zillow.com or even travel websites like LonelyPlanet.com or NationalGeographic.com that may feature life in your chosen location. Try and to find out what that neighborhood has to offer.

Thinking of buying a house in North Carolina? You may want to check out living in Raleigh, Durham and Chapel Hill! You can also explore your real estate options here. Give me a call at 919-210-8388 or email MattPeedin(at)KW(dotted)com.