Never put in a bid/offer to purchase, without “sleeping on it”. In 99 out of 100 cases 1 or 2 days will NOT make a difference. Buying a new home is very emotional; don’t let your emotions get the best of you.
Location, Location, Location…it is always true… the neighborhood is often a large factor in determining the price of a home. After your preliminary selection, drive around the neighborhood and make note of the condition of your impending new neighbors homes. Be mindful of your surroundings. Often the “worst house” in the “best neighborhood” is the best buy.
Obtain a home inspection as part of your “Agreement to Purchase”. First hire the appropriate person/company to do the inspection, making certain he/she is state accredited/licensed to perform the vital home inspection. You do not want to purchase a home that has serious infrastructure flaws that can lead to costly repairs. There is a clause in the North Carolina standard contract that provides for this.
Be mindful of the earth/typography surrounding the home, especially new construction. Erosion control is very important in the mountains of Western North Carolina mainly because of the slope.
Ask your agent for these pertinent facts about the home:
Hiring the right agent should be the first thing you do….and in Western North Carolina that would be me. Interview several people, and remember they will be interviewing you as well. A good agent will ask a great deal of questions beyond the obvious house requirements… lifestyle preferences should be near the top. Ask the agent what the percentage of listings to buyers he represents…it is difficult to do both well and most listing agents are always “selling”.
Hiring a “Buyers Agent” means his/her loyalty is not divided between you and the seller. He/She represents ONLY YOU.
Here is a description of several agent types in North Carolina.
It is vital for you to remember that in North Carolina, “a first to right state,” an offer is a BINDING contract that compels you to perform under the terms of the contract. Once signed by both the buyer and the seller it is enforceable.
Never put in a bid/offer to purchase without “sleeping on it”. In 99 out of 100 cases 1 or 2 days will NOT make a difference. Buying a new home is very emotional; don’t let your emotions get the best of you.
Make the offer compelling, and while price is generally considered to be most important element of an offer, the seller will be looking at several other financial terms including your ability perform including: your capacity to obtain a mortgage, down payment, earnest money, the amount of time you chose to do your due-diligence. (a home inspection is strongly recommended)