BUYING YOUR HOME
By choosing our team to help you find your new home, you’ll be able to see the detail and dedication that is the DeLille HOME difference. Having our experts on your side will offer invaluable insight with knowledge of the market and negotiation skills to save you money on your purchase.
The most important items to know before starting the buying process:
1. Know what you can afford before you start looking.
The most important thing to do before beginning your new home search is to speak to a mortgage lender and get pre-approved. As a buyer, you need to know exactly what you can afford before you even start looking.
I’ve seen many people become heartbroken when they find out they cannot afford a home that they have fallen in love with. Also, if you think you might not be able to afford a home now, a mortgage lender can guide you with ideas on how to improve your credit score, improve your debt to income ratio, and create a checklist of steps to take to set you on the right path to homeownership.
Don’t just look at the purchase price that you are pre-approved for, look at what your monthly payments will be. This is the number that you will have to live with month to month and fit into your budget. No one wants to become “house poor” and not have extra money for lifestyle extras.
2. Find a Real Estate agent to work with.
Now that you know what your price range is, it is time to start looking. But before you begin, you will need to find a Real Estate agent to work with and represent you during the home buying process.
There are different types of agencies, but, a buyer’s agent will work with you to guide you through the steps of buying a house and act solely on your behalf. They owe all fiduciary duties of the agency to you. As a buyer’s agent, they will help you search for the right home, evaluate the value of that home, negotiate and guide you through the process up until settlement, which is quite detailed.
As a buyer, it is your decision as to which agent you enter into this agreement with. They will be by your side until the end, so make sure you choose someone you enjoy working with. They will be your “coach” during the home buying process.
Why might you need a buyer’s agent? Remember, the seller will have a seller’s agent representing them, so it is good to have someone advocating for you. The best part is, generally in North Carolina the buyer’s agent’s compensation is paid for by the seller. Meaning, having a buyer’s agent to look after your best interest…doesn’t cost you a thing!
HOME BUYING 101
At DeLille HOME, our goal is to give you, our clients, the best real estate experience through an easy-to-navigate process from start to finish.