Triangle Home Buyers FAQ's

Answering Your Triangle Home Buying Questions

Purchasing a home in the Triangle can be both exciting and overwhelming, especially if you're a first-time home buyer. Both experienced home buyers and first-time buyers alike will benefit from the frequently asked questions below. Before you begin your Triangle home search, it is recommended that you prepare yourself for the journey by educating yourself. This will ensure you are a knowledgeable home buyer prepared to make a confident home buying decision.

Q - I've never purchased a home before.  Where should I begin?

A - Great news, you’ve already taken the first step! Doing your research and learning about the process is a smart way to start. Before you dive into specific neighborhoods or listings, here are a few key steps to set yourself up for success:

• Understand your finances. Take a close look at your income, savings, and credit.
• Get to know the Triangle market. Each area has its own price trends and pace.
• Review your budget. Start trimming unnecessary expenses and reducing debt where you can.
• Be prepared to act. Have your down payment and earnest money ready for when you find the right home.

Your next step is to contact us. As your home buying specialists, we'll protect your interest and manage the details of the real estate transaction on your behalf to your complete satisfaction.  

Q - With interest rates higher than in recent years, how can I choose the right mortgage and avoid making a costly mistake?

A - Once we meet and review your home buying needs, you should explore your lender options. We can recommend several trusted lending professionals or you can choose your own. Having upmost confidence in your lender is important. Be sure you feel completely at ease with them.  They should speak to you in easy to understand terms.  Ask lots of questions and never sign any document until you know what you are signing and feel completely at ease signing it.  The type of loan best for you depends on several factors. Here are just a few:

• How much money do you have for a down payment?
• How long do you plan to live in the home?
• Do you qualify for a FHA or VA loan?

Q - Is now a good time to buy in the Triangle?

A - Yes, depending on your personal goals and financial readiness, now can be a great time to buy in the Triangle. While interest rates are higher than they were in recent years, the market is stabilizing, and buyers are facing less competition, more negotiating power, and more inventory than during the peak frenzy.

Buying now can also help you start building equity sooner.  Keep in mind that you can refinance if rates drop in the future.

Every buyer’s situation is different, so working with a local expert can help you determine what timing makes the most sense for you.

Let's Get Started!

Are you ready to schedule your home buying consultation?  If so, contact us today and together we will review your needs and your budget to help you find the right Triangle home for you!