Moving Guide

Are you ready to buy a home in Charlotte?

If you are currently renting in Charlotte, or moving to Charlotte in the near future, you may be wondering, “Am I ready to buy a home?” There is a ton of information out there on “Why it is a great time to buy a home in Charlotte,” but that is a different question from, “Are YOU ready to buy a home?” Overall, home prices are lower than they have been in several years, and interest rates remain at the lowest they’ve ever been; so, it is a great time to buy a home. But, not everyone is ready – maybe you are.

Here are some key things to consider when thinking about buying a home…

 

Which home mortgage loan program is right for you?

For a Charlotte homebuyer, once you have determined the down payment size, the next most critical piece of a mortgage plan is to decide which loan program is best for you. Over the past year, most Charlotte homebuyers simply chose a 30-year fixed-rate mortgage. As recently as 2010, Freddie Mac reported that over 95% of homeowners who refinanced chose a fixed-rate mortgage.

Certainly, there is nothing wrong with a fixed-rate mortgage – it’s just that for some people, they can save a lot more money by strategically choosing an adjustable-rate mortgage, or ARM. However, not all ARMs are the same. Find out which home mortgage loan program is best for you.

 

How to choose a Realtor

If the past five years have taught us anything, it’s that knowing the best real estate information as well as good lending practices are the fundamentals of steering the housing market back on track. Guiding buyers with our experience and knowledge is the best way to continue the growth and recovery we have seen this year and even more in the coming year.

Why do buyers need a Charlotte real estate agent? There are many reasons!

 

Easy ways to get your home ready to sell

While we continue to experience a sellers market, with prices starting to increase and availability slowly decreasing, if you were considering selling your home – now is the time!

If you are ready to sell your home, before you take the next steps, here are some tips on how to make your home a market ready house! Buyers are always looking for reasons NOT to buy a property so make sure you don’t give them any. Grab a friend who will be honest, or your Realtor, and walk through the home looking at everything and note every fault that might leave a bad impression from a buyer’s point of view. Here are some additional tips on amping up your homes curb appeal!

 

Get your best home appraisal 

A home appraisal is used to help lenders, buyers, and sellers come to an understanding of how much a home is worth, or its market value. Appraisers visually inspect the home and compare it to similar homes in the area. Throughout the appraisal, they will research the neighbor crime rate, quality of schools, access to highways, public areas, etc., and take note of all features and issues throughout the home.

Don’t feel regret after getting an appraisal that’s too low, instead do more to plan and prepare beforehand. Here are some things that appraisers agree are very important for keeping the look, feel, and condition of the property as updated as possible.

 

How much do you need for a down payment and how could you save for it? 

Too many renters in Charlotte are still dreaming of the day when they can buy their first home. Most media outlets will tell you that you can’t buy a house until you save up a 20% down payment. However, for Charlotte homebuyers, (especially first-time homebuyers) there are many alternatives. Some home loan programs in Charlotte don’t require any down payment at all, which means that buying a home is much more manageable that you may think!

Saving for the down payment is one of the 7 biggest obstacles that stop first-time homebuyers. There are only a few options for 0% down anymore, but it’s pretty easy for most people to put down anywhere between 3.5% and 5% and be able to buy a home in Charlotte. There are several choices on how much you might need for a down payment and here are some ways to save for it!

 

Feeling at home in a new house

While moving can seem daunting for the entire family, it may be especially difficult for children when they are faced with leaving their only home, school, and friends. As children are not often part of the decision to move, they might not understand it, so it is common for them to experience homesickness and even a sense of loss. Moving can help children learn to be adaptable, flexible, resilient, self-confident, brave, and capable of making new friends. Moving can help broaden children’s experiences and introduce them to greater diversity. Make the most of your family’s move and use these tips to help your family transition to a new home.