So, you want to buy a home in Western North Carolina?

Buying a home especially for first-time homeowners can seem like a pretty scary venture but doing your homework and being prepared can help you avoid problems and make a smoother purchase of a home. Listed below are several tips for home buyers to help with purchasing their dream home.

  1. It takes time to find the right home.  Start as soon as possible, especially if you have a deadline of moving or starting a new job.  Have a back-up plan ready in case you have a deadline for finding a property and are unable to find exactly what you are looking for or the closing date is longer than expected.  Select a lender and get pre-approved for a loan amount (if needed) BEFORE you begin looking for homes. It saves time and allows you to make an offer on a home confidently especially in a seller’s market where there may be multiple offers on a home and timing is very important.  Selecting an attorney upfront may help speed up the process as well.

  2. Spend time looking for a real estate agent that you feel comfortable working with.  Finding the right person is important because you need someone to rely on who is trustworthy, honest, and will go the extra mile to assist you in finding a home.  This person should also lead you step by step through the closing process and provide you with advice along the way.

  3. Once a buyer/agent relationship has been formed, you should pay particular attention to location when viewing properties with your agent in Western North Carolina.  Ask yourself “Will I be able to reach this property without too much difficulty in the winter with snow on the ground?” or “What condition is the road in going to the property?”  or “Are there shared road maintenance or shared well agreements? or “Can I build a house on the side of this mountain?” The mountains are beautiful but can be difficult to traverse in the winter time or on especially steep slopes.  Also check for Home Owners Associations which may charge large monthly, quarterly, or yearly fees.

  4. When making an offer to purchase your dream home, consider not only the offering price, but the amount of time for the due diligence period to inspect the home, amount of time for the closing date, and any due diligence or earnest money given up front prior to closing.  Sometimes sellers will take a lesser offer if they can close sooner or if they see that the buyer is serious about buying the home by providing due diligence money. Buyers sometimes write a personal letter to the seller and make a personal connection letting the sellers know how much they love the home or assuring the seller that the buyers will take care of the home.  Typically, in Western North Carolina, the due diligence period takes from 30-45 days and closing around 60 days.

  5. Negotiation through the offer and counteroffer process can be time consuming and stressful but your agent should be experienced and helpful throughout this process.  Don’t let the stress wear you down to make a decision you will later regret. It is very important to rely on your agent during this time.

  6. Finally, once an offer has been made and accepted, the buyer should carefully inspect the home during the due diligence period.  Radon is of concern in the mountains of Western North Carolina and is typically higher here than in other locations in the US. It is highly recommended that buyers test for radon during the due diligence period.  Other optional inspections include septic, home inspection, pest inspection, and water quality testing. More extensive inspections can be done for people with sensitivity to allergens, mold, and other environmental toxins but those inspections are not common.  The buyer’s real estate agent should have resources for buyers to contact for the inspections.

 

Buying a house is one of the most important financial decisions that you will ever make but it doesn’t have to be an insurmountable task.  Let Blue Ridge Premier Realty and Rentals help you find your dream home. I will be glad to assist you in that process.

 

Renee Corbin