So you want to buy a home in the Triad/Greensboro… now what?
The first thing you need to do is to find a real estate agent or group that is knowledgeable about the area. We believe that The Mark Nance Group at Keller Williams will give you the best chance to find your perfect home for the right price!
Some of the tasks that we will do to help you navigate through the home buying process include:
Educate you about the current conditions of the market. Analyze what you want and what you need in your next home.
Step 1: Decide to Buy
The decision to purchase your first home is one of the biggest and best decisions you could ever make. After all, a home is the largest (and most emotional) investment most people will ever make. So, how do you know if it's the right time for you to buy your first home?
There is never a wrong time to buy the right home. The key is finding a good buy and taking the time to carefully evaluate your finances. A home purchase is an important step in the path to long-term wealth. Purchasing your own home is a great investment that provides specific financial advantages, including equity buildup, value appreciation potential and tax benefits. It's also an automatic savings plan that you cannot get from renting!
Here's the most important rule for keeping your stress to a minimum: you don't have to know everything and The Mark Nance Group is ready to help you through every step of the process.
Step 2: Hire The Mark Nance Group
When you're looking for a real estate professional to help you, know that above all else, good agents put their clients first. This is your dream, and The Mark Nance Group is your advocate to help you make your dream come true.
A The Mark Nance Group will:
Step 3: Secure Financing
Ultimately, your lender will pre-approve you for a certain amount, but YOU will decide what you're comfortable paying every month. Remember, your lender only sees your finances on paper. It's up to you to decide how much you're willing to stretch your budget in order to get into your dream home.
Be sure to follow these six steps to financing your home:
Step 4: Find Your Home
So you are preapproved and ready to begin your search. But how or where do you begin? There are a lot of homes out there and diving in without a guide can become overwhelming and confusing. The Mark Nance Group will help you more accurately pinpoint homes that fit your criteria. The right home will meet all your important needs, and as many of your additional wants as possible.
Some questions you might ask yourself include:
You'll learn as you look at homes, your priorities will probably adjust along the way.
Step 5: Make an Offer
Once you've found a home you love, the next step is making a compelling offer. While emotions are probably in high gear once you've found a home you love, it's important to remember that a home is an investment. The Mark Nance Group will research similar properties in the neighborhood to help you determine the market value, and fair price, for your home. Look to The Mark Nance Group to explain and guide you through the offer process.
Step 6: Perform Due Diligence
Just because you love a particular property doesn't mean that it's perfect. In fact, this is where reason has to trump emotion. You'll need to have a property inspection (which we highly recommend you attend) that will expose hidden issues. This way you'll know what you are getting into before you sign closing papers.
Step 7: Close
Once you've made your offer and have completed the inspection process, you're in the "home" stretch! But, in order to ensure that you don't put your closing date, or your mortgage at risk, you have a few pre-closing responsibilities that you'll need to be mindful of.
Step 8: Protect Your Investment
Congratulations, and welcome home! The home-buying process is complete, but just like any big process, there's a maintenance plan! It's now your responsibility, and in your best financial interest, to protect your investment for years to come. Performing routine maintenance on your home's systems is always more affordable than having to fix big problems later. Be sure to watch for signs of leaks, damage, and wear.
And remember, just because the sale is complete, your relationship with The Mark Nance Group doesn't need to end! After closing, The Mark Nance Group can still help you – providing information for your tax returns, finding contractors and repair services, and even tracking your home's current market value.
Step 9: Call Us
The Mark Nance Group is professional and experienced in the Triad/Greensboro real estate market. The Mark Nance Group are both willing and able to assist you in your Triad/Greensboro real estate endeavors.
Please call us at 336.303.8126.