North Carolina real estate

Charlotte, NC realtors: Once you select a lender, you should speak with a loan officer as quickly as possible. At this point, there is one thing you should know. Pre-qualifying means absolutely nothing. All pre-qualifying does is determine the amount of the loan you could qualify for based on factors such as your credit, salary, etc. It does not guarantee that a lender will actually loan you the money. It’s more important to get PRE-APPROVED. Pre-approval means that your application has been submitted to a lender who is willing to extend you a specific loan amount, pending a property and appraisal. Being pre-approved lets you know that you won’t be denied for a loan, and it also provides you with leverage to negotiate the purchase price of a home with the seller.

One of the largest reasons some buyers walk away from a home purchase feeling remorseful is because they don’t consider everything about purchasing real estate before they jump into it. There are common buyer mistakes we address with all of our buyers upfront so they have a highly successful transaction. One thing that many folks don’t want to do is put in the upfront work, studying, and preparation that goes into buying a house. You need to prioritize your needs, and your wants – and if you have a partner you need to communicate together on everything. Maybe one person is ready to buy, and the other isn’t ready just yet.

Why choose us as your realtors in Charlotte North Carolina? An extensive Knowledge We are the Carolina real estate company with a broad knowledge of the real estate market in Charlotte, North Carolina and beyond. We know every data about the recent sales in Charlotte, the market trends, and the contracts necessary to comply with every real estate law –state or national. We can help you price your property accordingly. In case you’ve not heard, the Multiple Listing Service (MLS) comprises a database of every home for sale. By hiring us, your property would be instantly put up on the MLS in front of so many agents in Charlotte and Carolina. These agents who are on the hunt for properties that might interest their buyers would quickly spot yours. Explore a few extra details at Charlotte North Carolina realtor.

Draining your savings. Spending all or most of their savings on the down payment and closing costs is one of the biggest first-time homebuyer mistakes, says Ed Conarchy, a mortgage planner and investment adviser at Cherry Creek Mortgage in Gurnee, Illinois. “Some people scrape all their money together to make the 20 percent down payment so they don’t have to pay for mortgage insurance, but they are picking the wrong poison because they are left with no savings at all,” Conarchy says. How this affects you: Homebuyers who put 20 percent or more down don’t have to pay for mortgage insurance when getting a conventional mortgage. That’s usually translated into substantial savings on the monthly mortgage payment. But it’s not worth the risk of living on the edge, Conarchy says. What to do instead: Aim to have three to six months of living expenses in an emergency fund. Paying mortgage insurance isn’t ideal, but depleting your emergency or retirement savings to make a large down payment is riskier.

Grant Street Realty is a North Carolina real estate agency located in Charlotte, NC. We are licensed Carolina realtors in both states North and South of the Carolinas. We’re also a property management company in Charlotte, NC. Over the years, Grant Street Realty has helped many clients achieve their dreams in real estate business. We help our community Charlotte homes for sales, and Charlotte homes for rent. We offer a full range of real estate services from buying, selling, and managing rental properties for clients the Carolinas. See a few more info on https://grantstreetrealty.com/.