First Time Home Buyer Opportunities in Cary, NC
Buying your first home can be an exciting, and sometimes scary, time of your life. Maybe you’re at the point in your life where you’re seriously considering purchasing your first home. You’re sick of paying high rental costs when you know that you’ll never own that property and it simply makes sense to start investing in your own future.
Now is a great time to consider buying your first home in Cary, NC and surrounding Triangle communities. Rates are still low and although prices are on the rise, you can still get a great deal.
There are a lot of things to consider when purchasing your first home. Some of these things may include:
Choosing a neighborhood reflective of your own lifestyle.
Considering the layout of a home (open concept, 3 story, etc)
Considering the size of the property and whether there is room to expand.
Choosing a property with adequate privacy.
Choosing a property with a backyard, trees or fencing.
Choosing a property that offers features most important to you.
Whether the property needs improvements (and costs associated)
Evaluating the different real estate companies available to you.
Understanding zoning regulations, the housing market, additional costs.
There are other factors to consider outside of the property itself as well, so that you can purchase a home with limited risk s involved, including:
Hiring a home inspection company.
Financing opportunities, mortgages, and loans.
How to put in your first offer.
Setting a closing date that works for you and the seller.
Understanding contracts, hiring a real estate attorney.
Moving expenses, hiring a moving company
Closing the deal and moving in!
All of these things may seem overwhelming at first. But the good news is that finding a great Buyers Agent to guide you through the process will make it less daunting and even fun. In NC using the services of a Buyer's Agent doesn't cost you anything. Realtor fees are paid by the seller as part of their listing agreement with the listing broker. By using a Buyer's Agent, you will have someone on your side, looking out for your best interest, not the seller. This is extremely important especially when it comes to the negotiation of price, terms, conditions and repairs.
Having said that, not all Buyer's Agents are created equal. Everyone has a different work style and a different personality. Do your homework. Visit open houses, ask friends who they have used and talk to a few agents to find the right fit. Once you have found a great Agent, stick with them.
If you are looking for a Buyer's Agent, please give me a call so we can meet. I welcome the opportunity to show you my 14 year track record, learn more about your needs and wants and help you find the perfect place to call home.
Here are some properties in Cary to consider if you are a first time home buyer. Town homes and condos are a good option for an entry level buyer. Just keep in mind the HOA fees and have your Agent research the HOA to make sure it's financially stable or that there are no major assessments in the future.
You might also consider single family homes with a nice layout that could accommodate a roommate. Many people are also now combining households with a family member.
Something else to consider is not trying to find your "dream home" for your first home, but be more in the mindset of a great investment. Think of finding a property that would make a great rental in five years or maybe a property with good upside potential. A good experienced Realtor can help you weigh all these options and find the right fit for your goals.
