Buying a home for the first time can quickly overwhelm you. Not only is it a new experience with many legal requirements, it is also a huge investment. Getting as much information about what to expect before you venture into the real estate market will help you avoid unnecessary headaches and problems. This post will give you a good head start.
Let’s first take a closer look at the real estate market in Charlotte. The following piece gives some do’s and don’ts if you are planning to buy a home this year:
Buying or selling a home in Charlotte this year? Here’s what to expect
Should Charlotte-area home hunters feel optimistic about finding the right house this year?
Yes, according to local real estate experts.
It’s true that, like last year, homebuyers will continue to face heated competition for available homes, rising mortgage rates, and an uptick in home prices.
But experts say rates will still be at historic lows. And, despite the tight market, home sellers must still update their properties and price them right in order to get buyers’ attention.
Here’s what to expect if you are looking to buy or sell a home in the Charlotte area in 2017: Read more at Charlotte Observer…
With the proper knowledge, you will be on the right track to getting the home of your dreams. You don’t have to wait until a later date to make this life-altering purchase.
The good news is that acquiring your first home may not be as difficult as you think. There are lots of financial plans that can help you become a homeowner much more easily. The following post explains this in detail:
Receive Up To $15,000 to Purchase Your First Home in North Carolina
Saving up for a down payment and closing costs (especially in the face of increasing rent prices) can seem like an insurmountable task. Short of waiting for your Great Aunt Millie to pass and hoping there’s an inheritance with your name on it or getting lucky in the lottery, many potential first time home buyers feel this may be a dream deferred.
However, thanks to the U.S. Treasury Department’s Hardest Hit Fund, first time home buyers earning less than $67,000 (if you earn more, keep reading) can receive up to $15,000 towards the purchase a home in Mecklenburg and Cabarrus counties (this program is only limited to Mecklenburg, Cabarrus, Cumberland, Guilford and Johnston counties). Like with anything, there are a few stipulations that I will go over but I will also encourage you to speak with a NCHFA-approved lender to fully qualify. Read more at Charlotte House Hunter…
If you can navigate the financial requirements in the homebuying process, you will have a much easier time.
Need more encouragement? The following story of a first-time buyer will help you to see that it is possible to get a new home in a reasonable amount of time:
As a first time home buyer, here’s what I learned buying my house
I am a 27-year-old man and I recently bought my first home in the Revolution Park neighborhood for $163,000.
But it was also a fun and exciting process.
I’d never given much thought to buying a house. I saw renting as a long-term thing and believed I wouldn’t buy a house until “later,” whenever that was.
But then I was out with some friends one night driving around town, and we saw a house for sale. They told me I should buy it. I, of course, said no way. I’m not adult enough nor financially prepared for something like that. Fast forward to the following week and I’m hardcore looking at houses. Read more at Charlotte Agenda…
You need to work with the right people if you are going to be successful in buying your first home. A key piece of this is having the right real estate attorney to ensure you get all the legal guidance you need.
Make Jonathan Meek your real estate attorney of choice if you are looking to purchase a home in North Carolina. He will work vigorously to ensure that your homebuying experience is easy and stress-free. By relying on his expert legal advice, you can avoid the pitfalls that many new buyers fall victim to. Call Meek Law Firm South today at (980) 729-5662 or use the contact form on the website to get in touch.