How Can I Best Prepare to Buy my First Raleigh Home?
When you buy your first home, you most likely enter into the largest financial transaction of your life. Yet many people fail to learn about the process before they dive in. To help make sure you enjoy your home for years to come, take the time to learn what is involved in the purchase of a home. Then, make sure you consult with an experienced Raleigh real estate lawyer before you enter into any agreements.
One way to prepare is to learn about the details involved in making an offer and entering into a purchase contract — which extends well beyond just obtaining financing and signing a few forms. Take the time to review the Guidelines for Completing the Offer to Purchase and Contract, offered by the North Carolina Association of Realtors. The purchase price alone includes many fees and deposits you may not expect. As a buyer, you have to perform substantial due diligence to make sure the property meets your needs and intended use. This can involve reviewing the representations provided by the seller about the property, getting the property inspected to identify damage, obtaining a survey of property lines and identifying flood hazard concerns.
Every home purchase has its own unique set of issues. If you plan to use the home for a business — or even if you have numerous pets — you need to become familiar with local zoning laws. If you decide to obtain a bargain by buying a foreclosed home at auction, you can face a myriad of surprises down the road. A local real estate attorney in Raleigh can help you plan properly so you make informed decisions when choosing a home.
With proper planning, you can reduce the stress of buying a home, and enjoy the excitement of becoming a homeowner. The attorneys at Hatch, Little & Bunn, L.L.P. believe in the value of open, informed communication and have guided countless individuals through successful real estate transactions. Contact us to learn how we can help.