Buying Your Dream Home Greensboro NC

Choosing your dream home is one of the most important decisions you'll ever make. However, you have to prepare yourself for this process well and in advance.

Local Companies

Horizon Realty of the Triad
(336) 333-6450
404 Crestland Avenue
Greensboro, NC
Michelle Ashley Jones@ Priority Properties
(336) 543-3367
4401 W, Wendover Ave
Greensboro, NC
Advantage Inspection Clear View
336-327-5523
606 Scott Ave
Greensboro, NC
Crenshaw, Jenkins and Associates
336-402-4118
4655 us29n
Greensboro, NC
Streamline Appraisals, LLC
336-848-4444
226 Cascade Dr
High Point, NC
Successful Event Management
336-584-4723
PO Box 978
Elon, NC
CrossMark Realty
(336) 993-1777
745-p cinema ct
kernersville, NC
Robinson Cora Rl Est
(336) 273-1175
801 Summit Ave
Greensboro, NC
Somerville Thomas IV
(336) 288-1703
5408 Tory Hill Dr
Greensboro, NC
Siler Sheila M Realtor
(336) 691-1543
603 Summit Ave
Greensboro, NC

Home Buyers' Guide

The process of buying a home is not an easy one. Choosing your dream home is one of the most important decisions you'll ever make. So you have to prepare yourself for this process well and in advance. When buying a home, be sure to avoid some of the critical mistakes that could cost you thousands of dollars. As a Toronto realtor I know they are crucial.

  1. Understand the current market value of the home. Be sure not to low-ball your initial offer. Vendors tend to give less of a counter offer (closer to list price), if they feel insulted. Understand the current market value of the home, and comparable solds. Don't forget that you can find your next home on the web, so search ALL local listings, and check out the MLS (Multiple Listing Service). You have to know that it only includes resale homes, not new developments. Most homes do not give you the actual address here, but many pertinent details.
  2. Know what you are bidding on. Have your agent arrange a home inspection, as it would cost about $300.00 but this could very well be your best money spent. With detailed home inspection data, you can either adjust your offer or take a pass on a property with extensive hidden flaws. If you have the property inspected by a qualified home inspector, you will receive a full written report on the property plus estimated costs of any necessary repairs. It only takes 2-3 hours.
  3. Think of mortgages. Don't forget that when you have a down payment that is almost 25%, it is usually less expensive to arrange a first and second mortgage. Determine what you can afford -- all those extra expenses are sometimes overlooked in purchasing a property.

    To calculate how much monthly payment you can afford, you need to figure your debt-service ratio. To figure it out, you have to list all your loans: car, personal loans, monthly credit card balances, plus your rent or future mortgage payment (includes principal and interest) and the applicable property taxes.

    This total should not exceed approximately 40% of your gross monthly income. Experts say that the monthly mortgage payment and monthly house taxes should not exceed approximately 30% of your gross monthly income....

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Author: Julie Kinnear

Featured Local Company

Horizon Realty of the Triad

3363336450
404 Crestland Avenue
Greensboro, NC
www.horizonrealtytriad.com