Whats The First Step Of Buying A Home In Charlotte

Whats The First Step Of Buying A Home In Charlotte

You want to  buy a home in Charlotte?

If you’ve never bought a home before it can be an intimidating process. You aren’t sure what the first step to take is. The first step is to find out how much you can afford. No point in looking for homes to buy that are outside of your price range. You can use various online calculators. They can give you a pretty good idea. However do not take these tools as gospel. 

The best way to find out what you an afford is to go to a bank/private lender or a mortgage broker. They will be able to give you a better idea of what the maximum house or condo you can afford is. Once you have that you can start making better decisions. Now you can go out and start looking in the right price range.

It’s important to remember that you’ll be approved for what your maximum budget is. That doesn’t mean you should spend up to your maximum budget. Once you’ve been given that upper limit you then need to figure out what you would realistically like to spend each month to live the lifestyle you want. Do you want more disposable income so you can go out more or do you want a bigger place in a nicer area?

If your budget ends up lower than expected you still have a few options. Price is only one of the three main factors when buying a home. The three factors are Price, Condition, and Location. You can always change the other two if one isn’t working. So if price is too low then you can look at a different location or get a home that needs work. 

Once you’ve found out what you can afford you can start speaking to a real estate agent. Obviously we’re biased and think you should speak to us though! If you aren’t sure who to speak to about getting an accurate depiction of what you can afford then get in touch and we can put you in contact with someone who can help.

We are always happy to answer questions so if you’re thinking of buying your first home and have questions just leave a comment and we’ll answer as soon as possible!

Harrison Long Headshot
Phone: 704-724-6644
Dated: May 23rd 2016
Views: 60
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