Having a good understanding of the home buying process will greatly improve your chances of an easy closing. Once you have a stable job and are able to pay for your monthly mortgage, obtaining a home loan is the priority.
For a beginner, it is always best to check your credit report and talk to a mortgage lender before checking for houses. You need to know how much house you can comfortably afford. Be aware of additional monthly fees such as interest, taxes and insurance. Bear in mind that if you live in a condo, town home or in a cluster home, fees may rise annually but that still depends on the HOA.
Meet a real estate agent that can answer all of your buying home questions and learn the process. An agent that can go along with you when previewing homes is an asset to your experience. Only accept one agent to help you in the home buying process.
The pre-approval letter needed at the time of making an offer should be provided by the Lender. Your Clayton Buyers Agent will help you to negotiate and get the best deal possible for the house of your choice.
There are three down payments in a Clayton NC Real Estate transaction. The first two are made at the time of your offer. One is called the Due Diligence fee and that is paid directly to the seller. The second is the earnest money or good faith deposit that is returned to you at time of closing. The third amount of money is for your mortgage. This is something to discuss with your lender.
After you are under contract, your due diligence period is when you can check the overall condition of the property. Your Clayton Buyers Agent can help you determine which inspections are necessary on the house.
Now that you have a brief overview of buying Clayton NC Real Estate, let’s begin. Contact one of our Clayton Buyers Agent and our preferred lenders for terrific customer service and an awesome experience.
