Tag Archives for " First Time Home Buyer "
Home buying is a process you cannot rush, especially if it is your first time.
Owning your first home is a milestone, a sign of adulthood and independence. It means more than paying for a monthly mortgage. It also means being responsible for the property, being a good neighbor and joining community activities.
Before you make an offer for that home for sale in Charlotte that you’ve been regularly checking out, here are some things you need to know and ask yourself as a first time home buyer.
1. “Should I buy or rent?” If you are still hesitating buying a home for the first time, that’s a good sign you are not ready.
Don’t let other people pressure you into buying a home when you could be neck deep in mortgage in a few years. You may like the home and consider buying it, but don’t make an offer unless you are absolutely ready.
2. Plan how you will pay for your home. One of the most challenging things about home buying is the payment, unless you have a huge amount of money hiding in your closet somewhere. Usually, you have to pay a big upfront payment, then pay the rest through a loan, which also does not come easy.
You’ll need a good credit rating and a stable job with a good income. And the expenses do not end there. Aside from the down payment, you also need to pay the closing costs.
Before you even make an offer, decide on how you will pay for the home. If you need more savings for the initial deposit so that you can get a lower monthly mortgage, you should delay home buying for at least another year or two until you have enough saved.
3. Know what government financial programs are available for first time home buyers. You need to gather your resources, and financial programs offered through the FHA are great options if you want to have an affordable home. In most cases, first time buyers don’t have enough money for a down payment.
With an FHA loan, you don’t need a high down payment to qualify. This suggestion will greatly limit your choice of homes, and most likely, you’ll be choosing from homes that don’t even make it to the top three of your wish list. However, if the home is affordable and within your budget, it is a great option.
Now that you’ve determined how to pay for your first real estate property in Charlotte, here are some things you need to know about the home you are planning to buy.
4. Location, location, location. Don’t decide to buy a home based on a certain feature or amenity. Your home’s location matters. While the large vacant lot located next to the home does not bother you now, it may matter a few years later when a commercial building is being built there.
The freeway a few minutes from your home may not bother you during the daytime, but it’s a different story at night when all you want is some peace and quiet. You may settle for a condo in the city, but if you constantly long for open spaces, in the long run, your home may feel stifling and restraining.
5. Study the home’s history. Once you find a home you like and that suits your budget, do some research. Know its market value, how much it sold for in the past, the square footage, its amenities and its weakness.
Learn why the owner is selling it. Check for the home’s days on market (DOM). All this information will come in handy when you are making an offer for the Charlotte property you’ve been dreaming of.
Don’t rush into making an offer. Take your time to think about it. After all, we are talking about one of the largest financial investments you’ll ever make.
Are you planning to buy a home in the near future? Call me, Nancy Braun, at (704) 997-3794. Let me share with you some important new home buyer tips and help you find the best home.
Fall in love with this charming 1 story full brick ranch home in Shelby! This house features 3 bedrooms, 2 baths and a lot more. It comes with a nice kitchen with a lot of storage cabinets that can be very useful. You and your family will also enjoy the sunroom that is overlooking your own backyard!
Make an offer for this home for sale by calling Nancy Braun at (704) 997-3794 today! As the premier REALTOR® in Charlotte I am here to assist you in finding the best home for your family.
If you’d like to know more about the property, send us a message here: https://showcaserealty.net/contact-us/.
If you want to know more about similar homes for sale in the area, visit: www.ShowcaseRealty.net.
This home for sale in Charlotte NC is a place of sophistication and elegance in the Brookmere Subdivision. With the recent renovations made, this home is sure to fit the needs of many homeowners looking to expand.
If you are looking to upgrade into a property with more space, light and opportunity, then this might be the perfect property for you. The home includes new SS appliances, paint, granite, vinyl flooring and carpet. Flooring is mainly made of laminated wood, tiles and wall-to-wall carpet.
What makes this home for sale in Charlotte NC a great catch is the multiple living areas and a beautiful exterior. Both inside and out this home is full of light and extra space, with a large yard that is fenced in for privacy and perfect for entertaining. The space-conscious buyer will adore this property, including the large rooms and den with log fireplace.
Couples will appreciate the large master bedroom suite, which includes dual vanities and a charming walk-in closet. The floor plan boasts 5 bedrooms, 2.5 baths and a concrete 2-car garage. Families both large and small will be able to spread out and enjoy this home. What more could you ask for?
Not only is the home beautiful, it's also situated in a great location. This home for Sale in Charlotte NC is located near lots of amenities, schools and fun for the whole family. Sought-after schools in the Charlotte area include River Oaks Academy Elementary School, Coulwood Middle School and West Mecklenburg High School. No matter what level your students are in, there is a great education system nearby!
Owning a home in Charlotte is a great investment for any homeowner. Did you know that Charlotte, NC was ranked The 3rd Most Attractive Real Estate Market in America? It is also the top choice for the young professionals, which helped Charlotte, NC to rank as the Top Choice For Millennial Lifestyle and Real Estate.
A home in Charlotte means endless places to visit, whether you enjoy the arts, music, dining, shopping, sports or being one with nature.
For some quality time with the whole family, consider getting a thrill at Carowinds Roller Coaster Park! Spend a day enjoying the rides, eating the food and seeing a show. There is something to do at any age for every visitor! Looking for something to do with the kids on a rainy day?
Consider visiting Discovery Place, where kids can enjoy and explore the deep-sea aquariums and go interactive with their science lab stations. On a hot, sunny day, be sure to visit the indoor water park facility at Ray's Splash Planet to cool down!
If you love sports, take a day off and visit the beautiful golf course of the Rocky River Golf Club and Ballantyne Hotel & Lodge, or cheer on your favorite local sports team at an NBA game for the Charlotte Hornets. More interested in football? Spend a Sunday cheering on the Carolina Panthers of the NFL.
Looking for a rush in the great outdoors? Visit the U.S. National Whitewater Center to keep you busy on some of the longest climbing surfaces, nature hikes and biking trails. Looking for a real rush? Ride on the 1,100-ft. mega zip line to take in all of the great views of the area.
After a busy week, take time to be one with nature and the animals at the Latta Plantation Equestrian Center; ride horseback on guided trail rides with friends and family!
Nearby amenities shown below:
|Grocery Stores||Drug Store||Gas Stations||Restaurant||Coffee Shops|
|Food Lion(1.14mi)||Rite Aid(2.29mi)||BP(1.8mi)||Mr. Geero(1.75mi)||Coppa Coffee and Tea Cafe(2.28mi)|
|Bi-Lo(1.85mi)||CVS Pharmacy(3.27mi)||Shell(1.81mi)||Shuffletown Drive-In(1.82mi)||Starbucks(2.33mi)|
|Harris Teeter(2.33mi)||Harris Teeter(2.33mi)||Citgo(5.18mi)||Bojangles Famous Chicken 'n Biscuits(2.21mi)||Caravan Coffee & Dessert Bar(2.9mi)|
|Walmart Supercenter(2.42mi)||Friendly Family Pharmacy(4.13mi)||Nichols Food Store6(5.38mi)||Subway(2.28mi)||Dunkin Donuts(5.65mi)|
For complete details on this home for sale in Charlotte NC including price, square footage and more photos, please visit 1710 Bray Drive, Charlotte, NC 28214.
Wonderful Split level, partial brick home located in cul-de-sac lot. Spacious living room with wood flooring. Kitchen with ample cabinet space and breakfast area over looking the den.
Lower level den with cozy fireplace. Lower level separate bedroom with private entrance. Full bathroom on lower and upper level. Upper level features three bedrooms with full bathroom. Wonderful opportunity to add your personal touch!
3 Beds | 2 Baths | 1,582 sq ft | Attic | 2 Carport | Building - Storage Shed/Outbuilding
Elementary School: IdlewildMiddle School: McclintockHigh School: East Mecklenburg
for the most up-to-date information on this property
Most renters struggle with the decision to purchase a home if they are uncomfortable with the idea of paying a mortgage. However, there is little difference between paying for your own mortgage and paying for your landlord's mortgage. Renters should take this into consideration when deciding between renting and buying, as they will always be paying for a mortgage unless they live rent-free.
Harvard University at the Joint Center for Housing Studies proposed:
“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That's yet another reason owning often does-as Americans intuit-end up making more financial sense than renting.”
Head of Single - Family Sales & Relationship Management, a Senior Vice President at Freddie Mac, Christina Boyle further emphasized the security of a personal mortgage vs. paying rent:
“With a 30-year fixed rate mortgage, you'll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years - unlike rents which will continue to rise over the next three decades.”
The complete step-by-step solution,to guarantee a successful buying experience and enjoy a hassle free transaction with Showcase Realty!
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The mortgage payments you collect serve as “forced savings” that prepare you for the equity payments that will occur for. A guarantee that secures every landlord of their equity comes from their renters.
The graph below explains the gap, which separates the net worth of a renter vs. a homeowner:
More than ever, it makes more sense to be a homeowner than to rent over a long period. Whether you're looking for a primary residence or a vacation home, buying will be more advantageous especially in today's market. Looking to buy? We can help you find Homes for Sale in the Charlotte area. Our friendly team would be happy to answer any questions and assist you every step of the way.
If you are thinking of buying a home in North and South Carolina check out our Exclusive VIP Buyer Satisfaction Guarantee!
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