Ready To Buy A Home…
Buying a home can be somewhat different as you move around the country however certain things about the home buying process are the same no matter where you live. No matter where you’re buying a house, if you’re getting a mortgage then the first thing you need to do is speak with a mortgage broker.
We recommend you use a local Triangle mortgage broker who will be more familiar with the loan programs available and possibly with the subdivision you’re looking at. Once you get Pre-Qualified with a mortgage broker which is a very straight forward process you can begin your home search.
You will know how much you can afford and what your monthly mortgage payments will be. You will also have a ballpark figure of how much money you will need for a down payment if any and how much your closing costs will be.
Next Step To Buying A Home
Once you have a price range of homes that fit your budget it’s time to start seeing what’s available and where the neighborhoods are that suite your needs. If you’re in a sellers market where there is a lack of inventory you’ll need to change up your game plan as opposed to being in a buyers market which gives you more time and more to choose from. A sellers market means that as a buyer your choices are limited, prices are higher and many of the homes either get sold as soon as they come on the market or even before they get on the market.
This is where you need to have a local Clayton real estate agent working for you who knows the local real estate market and how quickly homes are selling and where new subdivisions are being built. Searching online will only get you so far but you’ll want to get in the car and drive around to see if the houses you like are in a neighborhood that you’ll like. Things you’ll want to look for is how close the homes are to each other, how well is the entrance to the subdivision maintained, how are the commutes and what are the schools like.
Relying on sites like Zillow and Realtor.com to find homes in a hot market will mean you might be too late by the time they get to those sites as they will already have been on the Triangle Multiple Listing Service for some time. Have your agent set you up on a search from the Triangle MLS that matches your criteria and you will be notified immediately when a house comes on the market.
Finding The Right Clayton Neighborhood
Subdivisions and neighborhoods come in all shapes and sizes in Clayton. Some are made up of the same type, size and age homes while others have a wide range of home styles, prices and a range of new homes and resales. There are neighborhoods that cater to golfers, horse enthusiasts, swimmers. Subdivisions with large wooded lots ( becoming harder to find) and others with less yard and more amenities such as walking trails and fitness centers. There are many small subdivisions of less than 100 homes which often have very low or no HOA dues which is appealing to many buyers.
If you can’t find a home in Clayton that works for you shoot us a text or email or give us a call and we’d be glad to help.