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Home buyers who have purchased a home understand that most of the
process is managed by the realtor agent in cooperation with the
lender, inspectors, the title company and anything that happens is
usually routine. However, first time home buyers in North Carolina
are not familiar with the procedures and are often a bit frightened
at the prospect of having everything go smoothly.
As Your Realtor Agent:
 We will be
with you every step of the way, from search to settlement.
We will
gladly work diligently for out of town buyers. Will take photo's and
find out information on any properties they may be interested in.
So, relax and
let us help.
Finding Your First or New Home in North Carolina.
Let's take a tour. We
will always ready to take home buyers on a tour of homes to help you
understand what your money will buy.
What Will Your Money Buy??
The first step in any
home search is to determine the price range. As your realtor agent,
We will gladly pre-qualify you for a price range based on your
income, assets and liabilities, regular monthly debt payments. Home
buyers are qualified to spend a percentage of their gross monthly
income for mortgage payments including principal, interest, taxes
and insurance "P.I.T.I.
Once we have determined your qualifying price range, As your realtor
agent we will schedule a tour of homes. This is a very important
step in the home buying process because it will help first time home
buyers really understand what the homes in their price range are.
Often our North Carolina home buyers are from out of town,
relocating for a job transfer.
To help our home buyers understand what their money will buy, the
first home tour is critical. We often meet home buyers who are
qualified for a particular price range, but want to keep their
payments much lower than that for which they are qualified. Seeing
homes in their selected price is important. As your realtor agent
we will gladly show our buyers homes in a selected price range as
long as our buyers are happy with the homes they see.
You Are
Ready To Buy.
Once you have toured homes and are satisfied with homes in your
price range and location of choice, it's time to get prepared with a
"LENDER'S LETTER". It's important to be ready with a Lender's Letter
in case you see a home on which you wish to make an offer. Real
estate sales in North Carolina is a very sophisticated market and
sellers do not seriously consider home buyers who have not been
"CREDIT APPROVED" by a recognized lender. It's important that home
buyers be prepared to buy. Without a Lender's Letter, you are not
ready to buy. If you already have a lender of choice, contact them
and request a Lender's Letter. If you are not already working with a
lender, as your realtor agent we will gladly refer you to
experienced local lenders who will prepare a letter for you
following a review of your credit report and considering your cash,
income factors.
Once you have (1) found your home of choice (2) obtained the
Lender's Letter, you are ready for your realtor agent to prepare a
WRITTEN CONTRACT OF SALE OFFER. All offers to buy real estate in
North Carolina are in writing. Nothing else will be taken seriously
and your realtor agent will want to make sure that your offer is
given a serious review. The seller, with the listing agent will
review all offers. They have the option of (1) accepting the offer
as written, (2) making a counter-offer, or (3) rejecting the offer.
Let's jump ahead and assume that the contract was negotiated and
accepted and you now have a Contract of Sale. Time to make a formal
loan application. Some of the documents that will be needed are:
Copy of
Contract of Sale
2 years W-2
Forms
2 months
bank statements
3 months
earnings statements
Landlord
name, address and phone
NC
Certificate of Eligibility for NC buyers
Relax And Wait For Settlement! |
