Buying

Found 47 blog entries about Buying.

7 Things to Know BEFORE Holding an Open House in Real Estate

Open House in Real Estate Pros and Cons

1. What is an Open House in Real Estate?

In real estate, an open house is an event where prospective buyers can tour a home that is listed for sale. Open houses are typically held on weekends (as that is when many buyers do not work and have time to tour homes), although they can be held during the week as well. Open houses are usually held by the seller’s listing agent, though successful Real Estate Agents typically have a team of folks and a member of the team usually will offer to hold the home open. The reason for this is it's a great way for the team member to build their book of business by interacting with prospective buyers. They are theoretically using your home as a

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Mortgage Pre-Approval vs. Pre-Qualification

Mortgage Pre-Approval vs Mortgage Pre-Qualification - The differences between the two!

What are the main differences between mortgage pre-approval and mortgage pre-qualification? Whether you’re a buyer or a seller, it can be all too easy to confuse the terms “pre-approval” and “pre-qualification.” Although pre-qualification and pre-approval share some similarities, they are quite different. As a home buyer, it is important to understand the differences and how they may impact your chances to buy a home, especially in a competitive real estate market as we have here in Raleigh. In this article, we will define pre-approval and pre-qualification, explore how they differ, when they should be used, and the steps that should be taken to complete both processes.

What are the main differences

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How to Know When NOT to Buy a Fixer-Upper 

When NOT to Buy a Fixer-Upper Home

Do you see past the flaws of a “fixer-upper” and imagine what is possible? Do you get that giddy feeling knowing you can turn a home's imperfections into something beautiful?

Home improvement certainly means something different to each of us. Some people like the idea of tearing down a house to its foundation and starting over. Some folks just want to spend a few weekends pounding nails and painting.

Nine out of 10 home buyers today use the internet as their primary source of research for properties, lenders, real estate agents, you name it. It’s never been this fast and easy to buy a home.

Not only is housing hunting faster, but you can also make it less risky, too. Whether you want to fix the

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7 Major Home Inspection Issues - Common Home Inspection Problems 

7 Major Home Inspection Issues and Common Questions Answered

If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. After a home inspection, issues are going to arise. If you are a first time home buyer try not to freak out because this is why you hired a home inspector, to find the issues with the home! This gives the buyers an opportunity to negotiate some reasonable requests before purchasing the home. Some requests will be mandatory fixes or the buyer will choose to find another home.

If any of these major home inspection issues come back on your home inspection report you'll really want to hire experts to come in and

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What Does Contingent Mean in Real Estate - 7 Takeaways on what contingent means!

What Does Contingent Mean in Real Estate?

When searching for a home for sale, you may have encountered a variety of different sales statuses online. Beyond just “for sale” and “closed,” you may have also seen other common sales statuses such as “pending” or “contingent.” These phrases indicate where in the sales process the home is in. Understanding the differences between these statuses can help you identify properties that may still be available for purchase, and will help you better understand how to move forward if you’re interested in putting in an offer on any of them.

A contingency clause doesn't necessarily mean all hope is lost for prospective buyers. Different states have different laws as it surrounds contingencies so you'll

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10 Simple Steps to Get a Mortgage (Starting with Preapproval) 

10 Simple Steps To Get A Mortgage With A Preapproval

  1. Mortgage Preapproval
  2. Mortgage Application Process
  3. Good Faith Estimate
  4. Mortgage Process
  5. Mortgage Loan Underwriting Process
  6. Appraisal
  7. Approval Decision
  8. Lock in Rate
  9. Mortgage Loan Approval
  10. Close on the Loan

The home buying process will vary state-by-state, but North Carolina is one of the most “buyer friendly” states in the U.S. In this article, we will cover the step-by-step mortgage process, starting with preapproval as step one. As with anything related to buying a home, applying for a mortgage can be an involved process, so it is important to speak with your real estate agent and gather his/her thoughts on the best loan officers in your area. 

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17 Things You Should Know Before Moving Cross Country!Making the commitment to move cross country can be a daunting task. There are several details that are often overlooked until it is too late, and it can be challenging to organize everything before the big day. When you do arrive in Raleigh or Charlotte, however, the stress behind moving will quickly be forgotten. I’m sure you already know that there are countless benefits to living here including the plentiful jobs, beautiful weather, great barbecue, exciting breweries, and lush parks. I’ve compiled 17 helpful tips and tricks below that should come in handy before you begin the process of packing up your belongings and making the cross country trip. 

1. Should I hire a company to ship my car cross country? 

Although this may seem to be an expensive

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North Carolina Home Buying Purchase Cycle

The North Carolina Home Buying Process

Congratulations on taking the first step in understanding the purchasing process – this is an extremely exciting endeavor! Although at times stressful and overwhelming, buying a home is one of the most valuable investments you will ever make and will be both fun and exciting as you go along.

There is no “one size fits all” when it comes to the real estate closing process. Every state varies in its closing requirements, so closing on a home in North Carolina will be very different than closing in other states (including South Carolina).  

Step #1: Determine what you’re looking for in a home

I advise that you be as practical as possible when considering what the absolute “must-haves” are in your future

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Everything You Need to Know About Millennial Home Buyers 2019

With the rise of student loan debt, frequent career shifts, and living through the 2008 housing crisis, many may consider millennials to be financially insecure and averse to home ownership. However, research surprisingly points in the opposite direction. According to a 2018 Bank of America survey, the vast majority of millennials, more than 72%, consider homeownership to be their top priority. The only live event that ranked higher was retirement, at 80%. Getting married and having children fell lower on the list, at 50% and 44% respectively. To the millennial generation, owning a home is not only a wise investment option – it is a fundamental value intrinsic to the American Dream.

I’m a real estate agent. What should I know about working with

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First Year Real Estate Advice from 17 GREAT Agents

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' and in order to answer that question, you need to understand how Real Estate Agents make money. How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. Your gross income is different than your net income, so make sure you're tracking your expenses. The advice below is from 17 Veteran industry leaders who offer tips on how to build your business when you're starting out.

If you're looking to make 100k in your first year as a Realtor you'll want to first reverse engineer the process. What is the average price of sold homes in your area? How many homes

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