Cary NC Real Estate>>1st Time Homebuyer's Online Toolkit

I have the pleasure of working with 1st time homebuyers this weekend.  My clients are relocating from out of state where home prices are astronomical and they are excited about the affordability of homes here in North Carolina.  1st time homebuyers are my favorite - they listen closely to the advice of professional agents and are full of energy, excitement, enthusiasm, and questions.  That's when the wheels started turning and I started thinking....

First Time HomebuyerWhat can I provide to my clients that will help simplify the home buying process?  They are young, tech savvy, have their own personal blogs, use my space, realtor.com, etc, etc.  That said, I read a post this morning by Karen Krushka entitled Homebuyer's Guide.  Karen strikes me as a very traditional agent and she indicated that she has several homebuyer guides- one in Powerpoint, brochure format, and even a bound version.  That's when the wheels started turning again and I started thinking......

What about an online reference guide from none other than the powerful gurus from Active Rain?  Ken Stampe just started a new group called First Time Homebuyer  on 8/23/2007.  What a great idea.  Since this group is new and my clients will be in town this weekend I'm going to pull together a few reference topics and member posts that my clients might enjoy reading through while they are going through the homebuying process.  Feel free to add any links in your comments - I won't be offended.    

1.  Find a Qualified Buyer's Representative

2.  What to expect with the buying process

3.  Assess Your Credit and Finances

4.  Find the right home

5. Negotiating the contract

 

7.  Inspections & Repairs

8.  Closing with an attorney

In some states across the US Title Companies are used for closing.  In North Carolina Attornies handle the Title search on the property and the closing details. 

9.  Agency Law in North Carolina

The North Carolina Real Estate Commission requires, by law, that all real estate agents educate their clients on their rights and options as a buyer or seller in the State of North Carolina.  This link provides, in detail, agency law in the state of North Carolina.

10.  Special 1st Time Homebuyer Program in North Carolina

The North Carolina Housing Finance Agency (NCHFA) has special programs for 1st Time Homebuyers.  There are specific requirements that met including income  restrictions, not having owned a home in the past three years, and the price of the home.  For those that are eligible this is a great option. 

This should get any online savvy buyer a start and a reference as they muddle through the buying process.  You don't have to be Einstein to figure out how to buy a home but being educated and going into the process armed with knowledge will be a blessing.

  

 
This post has been included in North Carolina Information Wake County, NC Information Cary, NC Information
Post is included in group: North Carolina Real Estate
Post is included in group: Active Rain Newbies
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Post is included in group: First Time Homebuyer

21 Comments on Cary NC Real Estate>>1st Time Homebuyer's Online Toolkit

Wow, you should get an award for this post. Awesomely put together and very well thought out. Great work. You should have put this in one of Byrant contest blogs.

Good luck and I hope this helps with your business.

O great blog.

09/05/2007 12:51 PM by Susan Trombley Re/Max Broker Raleigh NC & Surrounding Areas (Re/Max Hometown)


Flagged and rated a 5! This should be a feature and thanks for the mention of the First Time Homebuyer Group!

09/05/2007 12:54 PM by Ken Stampe | Wells Fargo | Mortgage Loan Dallas .com (Ken Stampe | Wells Fargo Home Mortgage))


Wow Susan, thanks for the compliment.  I know my clients will really benefit from this "Toolkit".

09/05/2007 12:54 PM by Tracy Santrock - Cary NC Real Estate (Fonville Morisey)


Tracy:  Wow!!!  This is such a well thought out post chocked full of information that every home buyer can find useful as well as those of us who are passionate about our home buyers.  Great job Tracy!  I hope you don't mind, but I've bookmarked it so I can refer to it again and again.

09/05/2007 02:45 PM by Kris Wales-Macomb County MI Real estate (RE/MAX Advantage 1, Inc.)


Hi Kris,

Thanks for the Kudos!! I'm hoping that I can add to this, make it even better, and then use it as an online resource for my clients.

09/05/2007 03:38 PM by Tracy Santrock - Cary NC Real Estate (Fonville Morisey)


Tracy, this is outstanding!  I will definitely be reading all of the posts and adding some great notes to my AR notebook.  You did an excellent job and you deserve a 5!

09/05/2007 09:01 PM by Donna Yates, Georgia Realtor, North Georgia Blue Ridge Real Estate (Mountain Investments of North Georgia)


I don't know how many times I have sat down to make a home buyers' guide.  I've completed the outline, writtten some paragraphs and then got busy with business!  Agency is the only topic I truly fleshed out and it constantly needs revision as I clarify and find better ways to explain this topic.  I've got the flowchart done and some checklists, but still far from completion.

09/05/2007 09:46 PM by Bonnie Erickson (The Realty Matrix)


Donna- Thanks for the Kudos!!

Bonnie - You are such a talented writer! The flow chart sounds fantastic!!! Clients love pictures/visuals!!

09/06/2007 07:05 AM by Tracy Santrock - Cary NC Real Estate (Fonville Morisey)


We were certainly in good hands with Tracy being first time home buyers.  The process went so smoothly and we felt like the decisions we had to make were educated and intelligent due to Tracy's expertise!  Thank you, Tracy! 

09/19/2007 07:08 PM by Julia and Jonathan


Awwh!! Thanks for your comment Julia and Jonathan.  Feel free to reference other experts in the network.  They have a lot to offer. I'm really excited that I've had the opportunity to work with you.

09/19/2007 07:50 PM by Tracy Santrock - Cary NC Real Estate (Fonville Morisey)


I have alot of 1rst time homebuyer customers in Burlington.  I would like to give them a copy of your blog.  This is very helpful.

09/20/2007 07:23 PM by Carolina Home Mortgage


Sure Kate,

I hope your clients find it beneficial.  I know my clients do!!

10/04/2007 12:44 PM by Tracy Santrock - Cary NC Real Estate (Fonville Morisey)


Great post and I rated it 5.  I like the way you put the information out there and it is something that I will reference with my first timers.  I believe it will help anyone that reads it.  Thank you . Bookmarked.

10/07/2007 12:20 AM by Rosemary Brooks -Mother & Daughter (866)-750-8282 (Family Realty Group - 866-750-8282)


Tracy....   I agree with Ken Stampe that this should have been featured. Even the good ones fall through the cracks. It's good to still see you around here because I remember first e-mailing you the end of last year, I think.

In any case, thank you very much for the mention and great post.

jeff belonger

11/05/2007 10:41 AM by Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages -- Mortgages (Infinity Home Mortgage Company, Inc)


Tracy,

This is Great!  I read an article this weekend about Lulu, where you can publish your material in a book form.....then order 1, 2 or as many as you need.  In other words you should  publish this!

Dick Beals

11/05/2007 11:54 AM by Realty Executives of Wilmington


Good Consolidation of resources  for  putting things together.  Definitely worth taking notes on this one.

Bonner 

11/22/2007 04:54 PM by Bonner Thomason CRS, ABR, GRI, e-Pro (Keller Williams Realty)


This post has turned out to be a great asset for the 1st time homebuyers I've worked with as well as other agents that have called me about their clients.  I'm glad that I can provide a valueable resource for all :)

12/11/2007 10:03 PM by Tracy Santrock - Cary NC Real Estate (Fonville Morisey)


This is a great post. I like to work with first time buyers and give them a Buyer's Hand Book. I like the idea of online tool kit.Thanks for the tip.

02/12/2008 04:49 AM by GITA BANTWAL, REALTOR BUCKS COUNTY, PA HOMES (ReMax Centre Realtors)


First Time Home Buyers are the bread and butter of real estate now.  The online toolkit is a great idea.

02/25/2008 08:27 AM by Don Draughn - Mortgage Professional (High Point NC Mortgages)


Thanks for the kudos.  My clients have really enjoyed the benefit of this online resource and I use it over and over again!  It's just about time I write an update w/more details...

06/09/2008 05:16 PM by Tracy Santrock - Cary NC Real Estate (Fonville Morisey)


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Real Estate Agent: Tracy Santrock - Cary NC Real Estate (Fonville Morisey)
Tracy Santrock - Cary NC Real Estate
Cary, NC
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Fonville Morisey

Office Phone: (919) 656-5310
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Helping people relocate to the Cary Real Estate Market one family at a time.



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