House Hunting Report

It is recommended you get pre-approved for the mortgage you'll need to buy your ultimate dream home that fits you and your families needs. The pre-approval process includes completing a loan application and a credit check. If you don’t have a relationship with a lender or mortgage loan originator, I would be happy to suggest several trusted lenders who will help you through this process.

 

With numerous mortgage products available, I recommend you select a mortgage broker or lender you feel comfortable with who will take the time to explain the pros and cons of the various mortgage options in words you understand.

 

As a member of the military, there are numerous advantages to securing a VA mortgage. With a VA mortgage loan, you can be guaranteed a home loan with no money down, in some cases up to $417,000. With a VA guaranteed loan you avoid private mortgage insurance, which could offer you substantial savings on your monthly payment.

 

Pre-approval can make a big difference in your negotiations with the seller. When sellers receive multiple offers, buyers who include a pre-approval letter from the lender and verification of the buyers' funds for the down payment and closing costs make for a stronger offer.

 

Are you ready to secure your letter of Pre-approval?

As your exclusive buyer’s agent, my goal is to protect your interest. As the Pinehurst real estate expert, you will benefit from my experience, my attention to detail and ability to negotiate on your behalf. Remember, there is a difference between agents who represent sellers and buyers.

 

It's helpful to prepare a wish list of all the features you want and the features you MUST have in a home. I would be happy to review your list and let you know if it is realistic. As a homebuyer, be prepared to compromise based on your wants and needs. Fine-tune the list after you have incorporated my input. Determine which features on your list are must-haves and which ones you can live without.

 

Now you're ready to start your search. The length of your search will depend on what you're looking for and whether the ultimate home that meets your needs is readily available.

 

Ultimately, local market supply and market condition will determine if you'll have an easier time finding a home quickly. The definition of a buyers market is when the supply is strong and there are fewer buyers than sellers allowing the buyer to have a negotiating advantage. A sellers market is when the seller controls the market and they can negotiate a better price. In some instances, sellers may receive multiple offers. It is possible bidding wars could occur for more desirable homes. A market neutral condition is when neither buyer nor seller has an advantage. Because I continuously monitor Pinehurst real estate market conditions, I will advise which market you will have to experience when making your offer.

 

Because buyers tend to focus their search on listings that are new to the market, don't overlook listings that have been on the market for a while. Sellers might be open to negotiating. Be sure you keep an eye open for price reductions.

 

Ready to start your search for a Pinehurst area home?