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Home Buying Tips

While buying a home is a big decision, there are also lots of small decisions to make along the way to homeownership. To help you navigate the process, we’ve gathered suggestions for avoiding some of the most common mistakes.

Get Pre-Approved

A pre-approved buyer always has the advantage in an offer situation. Becoming pre-approved is very easy. You complete your loan application with a credit check prior to beginning your home search process. Pre-approval means that you have actually been approved for the purchase by a lender, which gives you the edge in home purchase negotiating. Your Raleigh Triangle Realtor Allan Pharr can help you with finding the right mortgage partner.

Your Home Wants and Needs

Before starting your exciting journey of home shopping, sit down and develop a list of your home wants and needs. Prioritize you list as follows:

  • Have to have  (desired location/commute times/proximity to schools etc.)
  • Nice to have  (screened porch/sun room/fenced yard etc.)
  • Icing on the cake (chef’s kitchen/pool/outdoor entertaining space)

By making this list, you can partner with your Raleigh Triangle Realtor Allan Pharr to target homes in specific geographies as well as those with the amenities you desire.

ALWAYS Hire An Inspector

Would you buy a car without checking under the hood? Of course you wouldn’t. Hire a home inspector. It’ll cost about a few hundred dollars but could end up saving you thousands. A home inspector’s sole responsibility is to provide you with information so that you can make a decision as to whether or not to buy. It’s really the only way to get an unbiased third-party opinion. If the inspector does find any issues with the home, you can use it as a bargaining tool for lowering the price of the home. It’s better to spend the money up front on an inspector than to find out later you have to spend a fortune.

Know your Budget

Calculate a monthly payment that you can comfortably afford. Then discuss this amount with your lender. Making sure you can meet your projected future home payment is probably the most important part of successful homeownership.

Include PITI (principal, interest, taxes and insurance) in your budget. Mortgage calculators will show you how much you’ll pay towards principal and interest every month. Remember that you’ll also have to pay property taxes and homeowners insurance.

Buy Your House...Don't Date It

Buying a house based on emotions is just going to break your heart. If you fall in love with something, you might end up making some pretty bad financial decisions. There’s a big difference between your emotions and your instincts.

Going with your instincts means that you recognize that you’re getting a great house for a good value. Going with your emotions is being obsessed with the paint color or the backyard. It’s an investment, so stay calm and be wise.

Your Survey and You
It’s absolutely essential to get a survey done on your property so you know exactly what you’re buying. Knowing precisely where your property lines are may save you from a potential dispute with your neighbors. Also, your property tax is likely based on how much property you have, so it is best to have an accurate map drawn up.

Questions? Ask Allan!

Your Home Buying Specialist For Raleigh Triangle Real Estate

With Allan, You Are Priority Number One!!!

Whether you are buying your very first home or you have done this many times before, working with an agent who takes the time to truly understand what you are looking for and provides you with expert assistance at every step of the way makes all the difference.

By listening closely, asking good questions, and learning about everything from your lifestyle and location preferences to your budget and timeline, Allan is able to present you with a curated selection of homes that have the potential to be exactly the right fit. And he’s not just looking at an online database – as an active member of the Raleigh/Durham real estate community, Allan is often the first to know about homes that aren’t yet officially on the market, and therefore won’t show up in any MLS searches. He puts this market knowledge and every other resource at his disposal to work for you, and doesn’t rest until you have the keys to your dream home in your hands.

Don't Be Shy. Get In Touch.

If you are interested in working together, send us an inquiry and we will get back to you as soon as we can!

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