March 8, 2021
5 Tips for Buying a Home in Asheville
Buying a home can be both rewarding and challenging. Some people buy their dream home, and others end up with a complete nightmare. How do you have a good experience when dealing with such a big purchase that requires a lot of energy to get right? Here are five tips that can help you make smart decisions when buying your next home in the Asheville area.
Start with Financing
If you’ve read any of our posts before, you know that the first step should be meeting with an independent mortgage lender. Why is this so important? You need to know what you’re working with before you get so far down the path to homeownership that a failure to qualify for a mortgage on your dream house would be devastating. You can avoid that kind of heartbreak by going through the financing process first.
Don’t Obsess Over the Market
We see it all the time and want to caution all potential home buyers against it. You want to buy a home, but you want to make sure it will be an excellent financial investment. “Buy low, sell high,” they say, right? But the market can change so quickly; buying a home-based entirely on its value or perceived future value can be precisely the wrong reason. The only reason you should buy a primary home is if you want to live there.
Hire a Real Estate Agent
You don’t have to do any of this alone. If you want to buy a home, working with a local real estate agent is the best resource you have to help you find the right home. They have access to extensive databases and the knowledge to negotiate the right final home price with the seller’s agent. Not to mention that these connections can last a long time and can be a resource for you again in the future.
Get a Thorough Inspection
The home inspection is not just a formality; it is indeed the moment when you find out what is or isn’t a dealbreaker. The inspection can uncover a multitude of things that may not have been visible during the walkthrough. We know of one instance where the inspector discovered fire damage in the roof rafters, which could have been a significant problem in the future if the inspection hadn’t been thorough.
Be Smart About Negotiations
This is one of the reasons having a real estate agent is a huge benefit. But there are more things you should know about negotiating as a seller before you start. For example, you can negotiate for closing costs in some cases, but your agent can help you know when to show your cards. Be prepared after your inspection to ask for concessions, and don’t be afraid to walk away if the seller cannot meet you at a comfortable price.
To learn more about buying your next home in the Asheville area, call GoPrime Mortgage of West Asheville today.
Do you want to know about the process to apply for a mortgage? GoPrime Mortgage in West Asheville is here to help. Call us today at 828-348-1907 –Zachery Adam at GoPrime Mortgage in West Asheville.
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How we can help you
Although labeled an independent mortgage lender, GoPrime Mortgage, Inc. is not a one-man operation. Zachery Adam and his Team has the support of a streamlined operation, with professionals who assist in every phase of the loan process. His team includes an appraisal vendor, loan processors, underwriters, closers and even the CEO or president if needed. When you choose to work with Zachery, you get the support of his team as well.
It’s important to Zack that he and his team are approachable and can provide assistance to home buyers who are often inundated with misinformation about the financial picture and mortgage options. In an automated culture reliant on digital communication, it’s time to put the human element back into these conversations. He could never be behind the scenes.
862 Haywood Road Asheville, NC 28806