Buying a Home

Three Tips for Buying or Selling a Home

Video Transcription

Hi everyone, Steve Lonnen with Costello REI!

I wanted to share with you three quick tips on how you can get the job and how you can get the home.

What do I mean?

Prior to real estate, I spent 15 years with a very large corporate recruiting and staffing company. My goal was helping to place thousands of people into great jobs. I also helped to train and develop recruiters to help people get great jobs.

Now, my goal in real estate is to help people buy and sell their homes. I have seen a lot of similarities between the two.

I want to share them with you and break them down quickly into three easily digestible parts.

Number 1: Be Prepared

If you are going into the job having the resume updated, doing some interview prep, make sure that you have done your research into the company.

On the home buying side it is very similar: Going into the home buying process, make sure that you are pre-approved, making sure that you have a general idea of where you would like to end, and qualify some other things on the front-end, making sure that you are ready to buy.

Number 2: Requirements Change

I can't tell you how many times that I have worked with job candidates that have a list of 5-10 things that are required of the job or career that they want. What you start to realize is that some of these things are negotiable.

Maybe, the job cannot pay as much as they are asking for. However, there are other plus benefits that still make the position enticing. (Maybe there is a closer commute, the...

A Quick Home Buyer's Guide for 2019

Buying a home doesn't change dramatically from one year to the next. However, it does change a little bit. Interest rates change, the way homes are marketed evolves, and the market can certainly shift in favor of buyers or sellers from year-to-year.

With prime buying season for 2019 right around the corner, it's time to prepare yourself for the journey. Here's a quick home buyer's guide for 2019 to help get you up to speed.

You Don't Have to Put 20% Down

While homes are still expensive, you can get into a new home without as large of a down payment. If you're currently renting, you probably understand the challenge of coming up with a down payment. In fact, the down payment is the biggest challenge for more than half of renters according to the 2019 Housing Market Outlook Research Report

With supply pushing prices up, that 20% down payment keeps getting higher and higher. However, you don't have to put 20% down. In fact, you can get into a new house with just 5% to 10% down and some buyers are even getting into a home with 0% to 3% down.

Speak with your real estate agent and they will be able to recommend a lender with alternative options outside of the traditional mortgage choices. You may qualify for an FHA or VA program, which may come with a much lower down payment. There are also down payment assistance programs you may qualify for, which can make it much easier to get into a new house.

Be Financially Prepared

While the down payment is one of the top obstacles for renters looking to become buyers, if you plan to buy a house in Charlotte, you should also consider...

What to Ask Your Lender When Buying a House

The home buying process can be both exciting and stressful. Becoming informed and hiring the right real estate agent are two of the best ways to take the stress out of buying a house. While you certainly want to be informed on the buying process, you should also know what to ask your lender.

A big part of buying a home is taking out a mortgage. If you don't ask the right questions, you may end up with the wrong lender or loan. Here are a few of the most important questions to ask your lender when buying a house.

Which Loan Program Works Best for Me?

Every situation is different and if you don't ask this question, you may get a program your lender wants to sell you, not the right one for you. Whether you work a regular job or you work for yourself, there are likely multiple loan programs you qualify for with most lenders.

A good lender will take the time to get to know you and will figure out which mortgage is best for your situation. Make sure your lender does this or you may get stuck with a program that isn't right for you but paid the account executive a better commission.

How Much Will My Down Payment Be?

You don't need any surprises in the home buying process. Before you go any further, find out how much the lender will require you put down to get approved. Some lenders have programs offering low down payments of 5%, 3.5%, or even 0% down. However, other lenders and other programs will require 10% or even 20% down.

The down payment percentage will help to determine the price you can pay for a home. Know how much you need down and what that means for your home buying budget before shopping for your new home.

What are Discount Points and...

The Differences Between An Online Home Search & an In-Person Search

Shopping online is far past the fad stage. No longer are people just shopping for gifts at the holidays online. Today, many home buyers perform an online home search before they ever see a single property in person.

In fact, some buyers never see the property in person before agreeing to buy it. With so many options to choose from, narrowing down the possible properties online makes sense. However, when you get ready to search for your next home, it's a good idea to understand some of the differences between an online home search and an in-person home search.

The Feel of the Neighborhood

It's impossible to get a feel for the neighborhood if you're searching for a property online. Sure, you can search the neighborhood for information about it, but you won't actually be able to feel the vibe or walk the area to see how you like it.

With an online home search, you just don't have the option to see how the neighborhood feels to you. It's best to take your online search and turn it into an in-person search when you think you have a good choice. Then, you'll get to experience the neighborhood and see how you like it.

Photos May Not Be 100% Accurate

Online pictures are great and help you get a feel for the property. However, they are not always the most accurate representation of the property. Often, the online images you see represent the very best of the property and don't show off the home the same way it shows during an in-person search.

Some of the rooms may look bigger through online pictures. You may also only get to see the home from a specific angle. It's also likely the home was staged for the picture and it can be hard to separate the staging from the actual home without seeing it in person.

Seeing the home...

Interest Rates Hit a New 12 Month Low!

Interest Rates Hit New 12 Month Low!

Interest Rates Hit New 12 Month Low! | MyKCM

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!

Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below.

Interest Rates Hit New 12 Month Low! | MyKCM

Freddie Mac’s Chief Economist, Sam Khater, had this to say:

“Mortgage rates fell for the third consecutive week, continuing the general downward trend that began late last year.

Wages are growing on par with home prices for the first time in years, and with more inventory available, spring home sales should help the market begin to recover from the malaise of the last few months.”

Bottom Line

If you plan on buying a home this spring, meet with a local real estate professional who can help prepare you for today’s market before rates increase!

 

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Top 15 Charlotte Neighborhoods For 2019

Charlotte is a very popular place for those looking to relocate to a new city. In fact, about 109 people moved to Charlotte every day throughout 2017 and that number has stayed rather consistent throughout 2018.

Now, with 2019 here, it's important to understand which Charlotte neighborhoods are the best choices. Whether you're relocating from another city or state, or you're just looking to relocate within Charlotte, the top neighborhoods may have changed since you last looked them up. Here's a quick look at the top 15 Charlotte neighborhoods to consider when shopping for your next home.

Plaza-Midwood

Found on the top of just about every neighborhood list for Charlotte, Plaza-Midwood is a vibrant spot with plenty to offer. It's not far from Uptown, making it a very popular location. In addition, the neighborhood is filled with art galleries, restaurants and it's home to the Charlotte Country Club.

Dilworth

Known as the first streetcar suburb of Charlotte, Dilworth has been very popular for those relocating to the Charlotte area. It's filled with history and plenty of things to do. The location also makes it easy to enjoy most of what Charlotte has to offer.

Uptown

Also known as Center City and Downtown Charlotte, Uptown offers the top employers and plenty of commercial buildings throughout. It's also the home of the sports teams in Charlotte including the Panthers (NFL) and Hornets (NBA).

Those choosing Uptown will also enjoy plenty of restaurants, entertainment options, and shopping throughout. It's a popular spot and many come from other neighborhoods to play in the Uptown area.

SouthPark

One of the larger neighborhoods on the list, SouthPark...

A First-Time Homebuyer's Guide to Buying a House in 2019

Buying your first home should be exciting. However, it often comes with plenty of stress and can become rather overwhelming.

Last year, the real estate market experienced rather low inventory and many buyers were demanding affordable housing. This made the market sway towards the seller and buyers had to be on their toes to get the home they really want for a price they liked.

While the seller's market of 2018 has come and is starting to go, many are predicting a more balanced market for 2019. Plenty of new construction has helped to even out the inventory some and the market is inching back towards balance.

Regardless of whether it's a buyer's market, seller's market, or a balanced market, as a first-time homebuyer, you need to know what you're getting into. If you're planning to buy for the first time this year, here's a quick guide to help you along the way.

Your Credit Matters, so Start with Your Score

Pull your credit score and find out what it is. If you have poor credit, it's time to start here and work on getting your credit score up before you even attempt to buy a home. Even if your credit is good, but not great, you may want to do some work in this area first.

Your credit score will be used by any lender you try to get a mortgage from. They will pull your credit report and look at the score to help determine if you qualify and how good of an interest rate you may qualify for.

Speak to a Lender

After you've seen your credit score, it's time to speak to a lender. While not all will take your call and answer your questions, the ones that will are the ones you will work with when it's actually time to buy your first home.

Talk...

Great Neighborhoods Found in Davidson, NC

The Town of Davidson, NC offers plenty of great neighborhoods to enjoy. It's a wonderful town to call home with its close proximity to Charlotte. Here's a quick look at some of the top neighborhoods found in Davidson.

Davidson Woods

A beautiful community found in Davidson, Davidson Woods offers custom homes built by the best area home builders. There are still plenty of opportunities for building here, while some of the homes have already been built. The prices range from the $400s up to more than $1 million with some of the homes providing complete custom options.

Park Creek

Another great neighborhood in Davidson, Park Creek is found on the east side of the town. It's a gated community with semi-custom homes and large home sites. The prices range from about $400K up to more than $600K here.

McConnell Farms

When you want something a bit more rural, McConnell Farms if the spot for you. Many of the lots here are large and wooded with plenty of home sites still available for building. It's a short drive from Davidson and offers homes starting in the $400s.

Runneymede

A horse-friendly neighborhood in Davidson, Runneymede provides wooded lots and plenty of estates with horse facilities. It's just a few minutes from downtown Davidson and offers plenty of luxury throughout. Runneymede is also known for providing plenty of privacy. The homes start in the $400s, but go up to $1 million.

Woodlands at Davidson

Found right on the Davidson, Huntersville line, the Woodlands at Davidson provides larger luxury homes with plenty to offer. It's a community found just minutes from downtown Davidson and not far from Huntersville. The River Run Country Club is just five minutes...

Great Neighborhoods found in Denver, NC

Denver is a town found near Charlotte and offers a great place to call home. Many homebuyers relocating to the Charlotte area are looking for a smaller town, such as Denver to settle in. Here's a look at some of the great neighborhood found in Denver, NC to choose from.

Sailview

A waterfront neighborhood with plenty to offer in the Denver area, Sailview is one of the most popular neighborhoods in the town. The neighborhood offers a variety of homes with plenty of great amenities and lake access. Residents enjoy a clubhouse, picnic area, community pool, tennis courts, sand volleyball courts, and plenty more in Sailview.

The neighborhood is located right in the middle of Denver and very close to the newest recreational developments in the town. Homes in Sailview start around $400K and will go up to as much as $3 million.

Killian Crossing

A master-planned community with some new home sites available, Killian Crossing offers larger home sites. It's a Denver community with plenty of amenities more affordable homes ranging from $300K to more than $500K.

Norman Estates

A waterfront, gated community with plenty to offer, Norman Estates is the premier luxury community in Denver, NC. With less than 30 estates here, this is one of the most sought-after communities in the Lake Norman areas. Homes in the Norman Estates are found on the water and many top executives and professional athletes call this neighborhood home.

Norman Estates offers lake access, a community RV and trailer parking area, and a gated entry. Homes here start around $1.25 million...

Top Charlotte Neighborhoods with Bungalow Homes

Do you love a good bungalow home? Charlotte has plenty of them and they are found in some of the most charming neighborhoods throughout the Queen City. If you're moving to Charlotte or just looking to move into a different Charlotte home, a bungalow home may be perfect for you.

The bungalow home offers a true southern home with the perfect front porch, great attention to detail and a popular style. The homes from the early 20th century are very popular, but Charlotte is also home to many newer bungalow homes, as well.

If you're searching for a bungalow home in Charlotte, here are the top neighborhoods to consider.

Dilworth

One of the best areas for bungalow-style homes is Dilworth. This neighborhood is also one of the most popular in the entire city. Home buyers will find plenty of great bungalows here with excellent front porches and plenty of charm. The neighborhood dates back to 1900 and was one of the first street-car suburbs of Charlotte. Many of the homes in Dilworth are even found on the National Registry of Historic Places.

NoDa

Names for the fact that it's off North Davidson Street, the NoDa neighborhood offers plenty of wonderful bungalow options. It's filled with historic bungalows with one or one and a half stories and a front porch. Many of the most common bungalow styles are found throughout the NoDa neighborhood.

This neighborhood is known as a very hip area with plenty of local art, excellent restaurants, and boutique shopping options. It's very popular and home to many beautiful bungalow homes to choose from.

Chantilly

With plenty of bungalows with front porches, hardwood floors, transom windows and tall ceilings in Chantilly, you're sure to find the right one...

How to Successfully Move to Charlotte with Pets

With the city of Charlotte growing quickly, many are moving to Charlotte from out of the state or at least out of the city. You may be making the move to Charlotte soon and you may be bringing your pets along. The more the merrier and Charlotte is a very pet-friendly place to live.

After making the decision on relocating to Charlotte, you may be wondering how smooth the move will go with your pets. Moving is already stressful and adding in pets can make it even worse. You have so many things to get done and keep track of already.

When you decide to move to Charlotte with pets, you need the right advice to help you get the move done smoothly. Here are some of the best tips to ensure your move with pets is handled properly.

Make the Pets the Job of the Kids

Often, kids feel lift out during a move and need something to do. Putting them in charge of caring for your pets is a great way to handle two things in one. Kids get something to do and you have someone else helping out with the pets.

Of course, you will still have to oversee this whole operation as they are still just kids.

Handling Packing

It's well-known that cats don't like change at all. Dogs, on the other hand, will go nuts anytime you get out luggage or bring moving boxes into your home. They just have a sense for what's happening and they don't know where you might take them next.

Bringing moving boxes into your home early in the process can help to ensure your dogs and cats have time to get used to them. This will also allow you to pack a little at a time, which can also keep the stress level of your pets down.

Have...

Using the Winter Wine & Beer Passport to Visit Wine Country

Winter is nearly here and the Yadkin Valley Winter Wine & Beer Passport offers a great way to visit wine country in North Carolina. If you've been looking for a way to enjoy incredible wineries and craft breweries, you can use this passport to really check them out.

Found north of Charlotte off I-77, Surry County offers some of the very best wineries in the state. You can enjoy ten award-winning choices, along with two breweries with the Winter Wine & Beer Passport this year. A visit to wine country can be quite a bit of fun when you get the passport for your trip.

If you're looking for a great way to get out of the city during the holidays, this is one of the best choices. It also makes a good gift and provides plenty of fun for anybody that loves wine.

What You Get with the Passport

The Passport will be valid for use from November 23rd to March 20th and offers plenty of perks. You get to enjoy 12 wine and beer tastings with a commemorative keepsake and discounts at many of the local merchants, hotels, and restaurants.

It's a bit like you will be on a treasure hunt as you will have a treasure map to lead you to the wineries and brewers in Surry County. This makes it fun for a group, a couple or anybody looking to enjoy wine tastings in a fun, unique way.

Participating Wineries

For this year, the following wineries are all a part of the Winter Wine & Beer Passport in Surry County:

  • Roaring River
  • Slightly Askew
  • Shelton Vineyards
  • Adagio Vineyards
  • Elkin Creek
  • Grassy Creek
  • ...

What You May Not Know About Plaza Midwood

Plaza Midwood is very popular and it's one of the oldest neighborhoods in Charlotte. You may know quite a bit about this amazing neighborhood, but you may not know it all.

The neighborhood is known for the incredible restaurants, unique bars, thriving culture, and arts scene and so much more. It's a true Charlotte institution and one of the best neighborhoods in the city.

Plaza Midwood is also a great place to call home with plenty of wonderful homes. Many of the houses here are historic and have been well preserved. There's also some new construction on the larger streets and many residents love the fact that the neighborhood is very walkable.

If you're considering moving to Plaza Midwood, you'll want a real estate agent familiar with the area. You will also want to learn all about the neighborhood. While you may know some of the main facts about Plaza Midwood, you may not know everything. Here are some of the top things you may not know about Plaza Midwood.

WBT Radio Station

F.M. Laxton is a famous early resident from Plaza Midwood. He set up a radio transmitter in his backyard chicken coup back in the 1910s. Eventually, he became the founder of the WBT radio station, which was only the third licensed station in the entire county. This caused Charlotte to become a hotspot for music recording early when the industry was first born.

Many historical facts like this make Plaza Midwood special and there's plenty to learn about the area. It's steeped in history and you can feel it as you walk throughout the neighborhood.

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8 Common Home Buying Expenses First-Time Home Buyers Don't Anticipate

As a first-time home buyer, there's a ton of information you will have thrown your way. You have to think about the budget but remain excited about getting a new home. It's a balancing act you've never done before and it can become very overwhelming.

Hiring a great buyer's agent is the first step to making this balancing act easier. Your agent can help to ensure you're protected during the process and help you find the right home for you. However, there's more to the equation than just hiring the right agent.

A big part of the stress for first-time home buyers is the unexpected expenses. You've never been through the process, so how are you supposed to anticipate every expense? Here's a look at eight of the common home expenses most first-time buyers don't anticipate.

Moving Expenses

Moving, even just down the road, can get expensive. Before you decide to relocate to Charlotte, make sure your account for how much you will need for the moving costs. These costs can vary and can run thousands of dollars if you hire a professional mover. Even if you just rent a truck, it can get expensive if you're moving from out of town.

Closing Costs

You may have heard of closing costs, but you may not know how much the costs will be. Typically, the closing costs will cover all types of feeds from the loan origination fee to the attorney fee and more. This cost can range from 2% to 5% of the purchase price of the home. Sometimes, the seller will pay the closing costs or a percentage of the closing costs, but not always.

Due Diligence Money

Do you even know what a due diligence fee is? If not, you need to read this entire paragraph. The due diligence...

Understanding Mixed-Use Developments in Charlotte

Charlotte is filled with mixed-use developments and it seems like new ones pop up regularly. There's a reason for this and it's important to understand what mixed-use developments or MUDs are.

Whether you're shopping for a new place to live, a vacation home or you're trying to sell from a mixed-use development, understanding what these are will help you out. Here's a look at what MUDs are and why they are so popular in Charlotte.

Defining MUDs

Mixed-use developments are urban developments that combine social, residential, commercial and in some instances industrial into one. They are very pedestrian-friendly and offer a bit of a community within the community. Typically, these developments feature plenty of things residents can walk to without much issue including grocery stores, restaurants, shopping options and more.

While these are developments featuring different types of space, they can vary quite a bit. Some may offer ground floor retails, while others offer a ton of amenities. There really isn't one way to lump them all together and make them the same.

Mixed-use developments come with a ton of benefits, especially for growing cities. They can help create a stronger community while encouraging more walking and biking. They also create shorter commutes for workers and provide a way for homeowners to enjoy their neighborhood without the same amount of maintenance as a single-family home.

Why So Many MUDs in Charlotte?

MUDs are very popular in growing cities as they are great for those looking to live in a new city. Charlotte is a flourishing city and the urban growth is very important. MUDs allow for cities to add housing options by building up instead of out. They allow homeowners or renters to live close to work and close to downtown, as well.

The Charlotte...

Which Charlotte Neighborhoods are in the Center City?

The Center City is one of the most popular and vibrant neighborhoods in Charlotte. It's filled with sub-neighborhoods or residential areas all throughout. Each of these smaller neighborhoods comes with its own character and history.

If you're relocating to Charlotte and you want to live in the Center City, finding the right neighborhood for you matters. You want to make sure you choose the perfect option to fit your personality and what you desire from a neighborhood. Here's a look at the Charlotte neighborhoods in the Center City to choose from.

Midtown

Found to the east of Uptown, the Midtown neighborhood offers a wonderful place to call home. The Little Sugar Creek Greenway is found her and connects Midtown to Dilworth and Freedom Park. There are plans to add connections into First Ward, as well.

In addition, Midtown is home to The Metropolitan, which is known as one of the best retail destinations in Center City. This project also includes upscale condos, office space, and restaurants. Residents living in Midtown enjoy easy transportation with the City LNYX Gold Line streetcar connecting residents to the Transit Center in Uptown, Novant Health Presbyterian Medical Center and the Central Piedmont Community College main campus.

Historic South End

Found directly to the south of Uptown, the Historic South End neighborhood has plenty to offer. It used to be a very popular industrial zone but has become an urban neighborhood filled with historic structures. Many of the old textile factories and industrial buildings have been converted into lofts and condos today.

The South End neighborhood is home to several music venues and art galleries. It's known for the incredible craft brewery scene, restaurants...

Understanding the Differences Between a Condo and a Townhome

When you're ready to buy your first home, you may be considering a condo or a townhome. Do you know the difference between the two? Are you familiar with what each may offer you?

For some, hearing the word townhouse may bring images to the mind of two-story brick buildings in rows. Condos may have you thinking of high-rise buildings with floor-to-ceiling windows and amazing views.

If you're considering purchasing a new home in Charlotte and you want to look into condos and townhouses, you should know the difference. Here's the difference between the two.

Condos

One of the main things that define condos is the fact that they are owned. Condominiums are defined at a property the owner where the owner is responsible for everything found inside the walls but isn't responsible for the shared spaces within the building.

Typically, a condo is found in a medium or large building and the units are stacked on top of each other. It's possible to rent a condo, as some buildings will allow the owner to rent it out. However, it's still a condo for the owner, but now becomes an apartment to the renter.

Townhomes

The architectural style will define the townhouses and they can be owned or rented. Usually, these are much like a condensed single-family home and neighborhoods will share a wall. Usually, townhomes include more than one floor with the living space on the lower level and the bedrooms on the upper level or levels.

Townhome communities usually offer shared amenities and they are a part of a much larger community. They can also be a part of a single row of townhouses and they usually have a front and back with access through both.

Differences Between Townhomes and Condos

The main difference...

9 Reasons You Need a Real Estate Agent

Whether you're selling a home or buying one in Charlotte, a real estate agent is a must. There are so many good reasons to go into this massive financial transaction with an expert by your side. While you may be able to do it yourself, this type of transaction should never be treated as a DIY project.

Are you well-versed in real estate law? Do you understand any recent changes to the laws impacting real estate? Are you familiar with homeowner's associations in the area? Do you know Charlotte's neighborhoods like the back of your hand?

Unless you answered yes to all of these questions (and it wasn't ego driven), you need a Charlotte real estate agent. Here are several great reasons why you should always hire a real estate agent when buying or selling a home in Charlotte.

It's a Huge Financial Transaction

For most people, buying or selling a home will be one of the largest financial transactions of their life. Hiring an expert to ensure the "t's" are crossed and the "i's" are dotted is just smart. Without an expert by your side, one small mistake could end up costing you thousands of dollars.

Expert Negotiator

We all like to think we are great negotiators, but you probably don't negotiate for a living. Real estate agents negotiate real estate deals every single week and they know exactly what to expect.

Buying and selling real estate comes with plenty of challenges. One of the main challenges is making sure you can get the right deal. Negotiating is vital to a good real estate deal and you need an expert to handle it for you.

A skilled Charlotte real estate agent will not only negotiate the price, but also the terms of the deal. There are several things that go into a real estate deal and the negotiations are not just about price. Make sure you have the right agent on your side...

5 Things to Know Before Buying a Historic Home in Charlotte

Even though the United States is a pretty young country, North Carolina is home to some of the oldest places found in the country. Charlotte offers several historic attractions and historic homes all throughout. Some may see these as just old houses, but others see them as the perfect dream home.

If you love the idea of living in one of the historic homes in Charlotte, you should know what you're getting into first. There are several things to understand from historical designations to local laws to preservation regulations. Here's a look at five of the things you should know before you buy a historic home in Charlotte.

Understanding the National Register of Historic Places

The National Register of Historic Places will become something you get very familiar with if you're searching for a historic home in Charlotte. Whether you're looking in Myer's Park, Dilworth or Plaza Midwood, you will need to understand how the NRHP works.

The NRHP works with the local government in Charlotte to designate and help regulate buildings, historic districts, and landmarks. They make recommendations and the local government will make the final decision about how to control and protect historic areas throughout the city.

In Charlotte, most of the historical sites have already been names as historic landmarks. However, the city can ask the NRHP to make a district, building or landmark a historical place, but it's not the easiest process in the world.

As an owner of a historical property in Charlotte, it's important to understand whether your home is protected as a landmark or not. If it's not protected, but lies within a Historic...

Should I Hire an Agent When Buying a Home from a Builder?

You're ready to buy, but you don't want to buy an existing home in Charlotte. Instead, you want to buy from a builder and customize your new home to fit your needs. Should you hire a real estate agent for this transaction?

Buying from a builder may have you convinced you don't need an agent. However, the salesperson or agent working with you represents the builder and will likely try to get the best deal for the builder, not you. With new construction on the rise throughout Charlotte, it's important to know why you need a real estate agent when buying from a builder.

Advantages of Buying New Construction

When you choose to buy a new construction house in Charlotte, you'll get plenty of advantages. It's brand new with a longer warranty and will likely not have any of the logistic issues of buying from someone else. You don't have to wait for anybody to move out, but you do need an agent representing you.

While you can customize this home to fit your needs, a skilled real estate agent will ensure you get the best possible deal without any issues. Many buyers don't think about hiring an agent when buying new construction, but they really should.

Why Buyer Don't Hire an Agent for New Construction

One of the main reasons homebuyers in Charlotte don't hire an agent when buying from a builder is a misunderstanding of how that agent will be paid. They think they have to pay the commission, but this simply isn't true. A buyer's agent is paid by the seller, not the buyer of the property and this is true with new construction, too.

Another reason many don't hire an agent is their own pride. They think they can do the negotiating with the builder...