Are you considering buying a home? Here are a few things to think about and some questions you’ll want to answer before you begin your search…
Before looking at homes
We don’t buy homes for the features, we buy homes for the benefits those features bring – For example if you like to entertain you may want to consider a large kitchen (even if you’re not a cook) because that’s where parties tend to migrate. If you enjoy yoga or meditation in the fresh outdoors, then you may want to consider the backyard area. The point is you want to make the home fit your lifestyle not the other way around. Start out by listing all the things you enjoy doing (and maybe even why you enjoy doing them). Consider where you do these things and what type of setting would make them more enjoyable. Just as importantly consider the things you don’t enjoy doing or may not want to do over the long run. Do you want to be landscaping and cutting grass 10 or 20 years from now? What about climbing stairs or ladders?
Your Wilson Realty agent will ask you questions about your lifestyle and what you enjoy doing. The goal is to find homes that can meet those needs. The more we understand your work and life styles, the faster we can locate a home that serves your needs. This saves you time and money and gets you the home that truly fits your lifestyle. A few questions to consider are… Do you work from home? What are your office requirements? Do you commute to work? How long of a commute is acceptable? Are you retired? What are your hobbies? Do you enjoy doing yard work? Do you enjoy looking at the stars at night? Our agent will work with you to discover and explore your home buying needs. Contact us for a free copy of our home buyer guide.
Should I work with an agent?
You are not required to work with an agent to find a home, but it sure can be beneficial! Especially if you haven’t bought a home in a while. Here are some reasons to consider using an agent.
- They have access to thousands of homes (note that not all homes that are for sale are posted at Zillow or Trulia or other syndicated sites) and they know the local market because, well, they’re local.
- Our agents regularly study the contracts needed to help buyers buy and sellers sell. At Wilson Realty we require all our agents to review the contracts and addenda line by line to best protect our clients.
- Our agents understand market trends (in fact we talk about them each week) and how those trends can affect you.
- To best protect you, our agents understand your rights and obligations and how that can affect you during a transaction.
- Our agents have access to service providers that have been vetted and reviewed by that agent or other agents (think of it as Angie’s list for free).
- We have one overriding theme at Wilson Realty… You are our client and your needs always come first.
Placing an offer
Once you’ve found “the one” it’s time to place an offer. Your Wilson Realty agent will do a market analysis to determine what a fair offer should be, how competitive the market is for that home, how long the home has been on the market, and what the average list to sale ratio is for similar homes. Your agent will advise you on all the terms of the contract and how they may impact you. They will explain your rights and obligations and negotiate with the selling side to assure you are getting the best deal possible.
Congratulations you’re under contract
We’re not over the threshold yet. There is still a lot of work to do to assure a smooth closing. Your Wilson Realty agent will advise you and manage the various inspections and other investigations that need to be done. If you request the seller make repairs or make other concessions, your agent will negotiate your request with the selling side.
Closing… What to expect
As the buyer you typically choose the closing attorney. Your agent will recommend one or more attorneys he or she has worked with, but you are free to choose your own. A quick word of caution: Be careful about who you choose. Most closing attorneys specialize in this field. You’ll want to make sure that your chosen attorney has the proper training to conduct closings and has, preferably, completed a few them.
There are four dates you need to be aware of:
- The end of your Due Diligence Period. This is a time period in which you can investigate the property and either stay in the contract or walk away for any reason or no reason at all. However, the Due Diligence Period is a strictly enforced period, so you need to make your buying decision during this period of time and be sure to put the end date on your calendar. Your agent will explain your rights and obligations regarding the Due Diligence Period.
- You are required to receive the final Closing Disclosure from your lender three business days before settlement (the date you go to the attorney’s office). A business day is Monday through Saturday. This three-day requirement is not waivable, so you and your agent will plan accordingly to assure you can close when you need to.
- Settlement is the date you go to the attorney’s office and sign all the appropriate documents. You’ll want to be sure you have your driver’s license and your check book in the event there are additional fees required.
- Closing is when the deed is recorded at the register of deeds and the date you officially own the property. This may not be the same day as settlement for a variety of reasons. Often sellers will not provide the keys to the buyers until the deed has been recorded. You will want to discuss this with your agent to plan accordingly.
Congratulations! You’re in your new home and you’ve started a new chapter in your life. Please know that our service to you doesn’t end at closing. Our goal is to create clients and friends for life. Although your agent will regularly keep up with you and be a resource for you, should you ever need anything please don’t hesitate to reach out to us. firstname.lastname@example.org or 704-780-4981.
We are honored that you’ve chosen to work with us. Thank you.
126 S. Main St
Davidson, NC 28036