So, you’ve decided you want to buy a home but you just don’t know where to start. You have made the first step by doing your research which is what landed you on our website. We at DiProfio Homes will guide you every step of the way when relocating to Triangle, NC. See below for a brief outline. Feel free to contact us or give us a call so that we can answer any questions and get your started on the path to home ownership!
Relocating to Triangle, NC? You will need to get prequalified for your home loan. You can certainly go to your bank or credit union but we have found using one of our preferred lenders make the process much smoother. Please give us a call so that we connect you with a lending partner. The lender is going to look at things like your credit score, income, and debt to determine the amount of home you would be qualified to purchase.
Examine your current expenses and determine how they might change if you purchase a home. Create a comprehensive household budget so you can factor in any new ongoing expenses that might come with a home purchase, such as garbage and recycling, water, or homeowner’s association fees. Once you decide how these expenses will change, you’ll be better equipped to leverage the information you get in step three.
Prequalification is a great start for understanding your purchasing power, but it’s not the only factor. A lender may pre-approve you for more than you’re comfortable spending, which is why the budget you compiled in step two is so important. The opposite can also happen, where you believe you can afford a certain payment every month, but the bank doesn’t agree. This often happens when you’re new to your job, have insufficient credit, or have bankruptcies or other financial issues in your history.
You’re not required to stick with this lender when you ultimately finance your purchase, but this process is a great way to vet mortgage providers. Also, a prequalification letter can make you a more competitive candidate in multiple-offer situations.
Now it’s time to find your dedicated real estate representative! Regulations enacted in 2024 require real estate agents to obtain a signed buyer’s agreement before showing consumers homes. Of course, we do a great deal more than opening up listings; we can help you understand your local market, identify areas and properties that fit your specific criteria, help you create competitive offers that match your financial and logistical needs, and much more.
Your agent will arrange showings of properties that meet your specific criteria and price range, taking note of your likes and dislikes to further refine their search parameters. They’ll help you explore the details — from storage to light switches to the flow of a home — and understand the pros and cons of the options in front of you. They’ll also help you make time to explore the neighborhood and examine elements like local traffic at different times of the day, parking options, and proximity to neighborhood amenities like schools and grocery stores.
A monetary valuation placed on the property that is being purchased. This valuation is derived by a licensed appraiser that is commissioned by the lender.
The deposit paid, typically to the closing attorney, at the time of accepted offer or within 5 days of the accepted offer. This deposit will be held in escrow until closing and will then be credited to the buyer.
The fee paid to the seller at the time of accepted contract by the buyer. The buyer is buying a due diligence period with this fee and the fee is NON-REFUNDABLE IF the buyer does NOT purchase the home. The fee is credited to the buyer at closing if the closing occurs.
A period of time purchased by the buyer from the seller. There is no standard amount of due diligence time. In our market we typically see this period between 0 and 21 days.
106 Morgans Corner Run Triangle, NC 27519
DiProfio Homes Brokerage
Triangle, NC Real Estate Agents
106 Morgans Corner Run Triangle, NC 27519
DiProfio Homes Brokerage
Triangle, NC Real Estate Agents
