Your First Step... If You're Serious About Buying A Charlotte Home

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Your First Step... If You're Serious About Buying A Charlotte Area Home In 2019

 

Are you planning on buying a home this year? Do you know the first step you need to take to show homeowners you are serious about buying is to get pre-approved for a mortgage before you do anything else! Getting pre-approved is one of the critical steps that will show home sellers that you are serious about buying and capable to do so. And it often helps speed up the process once your offer has been accepted. Besides, understanding your budget up-front will give you the confidence of knowing whether or not your dream home is within your reach.

 

 

 

 

The "4 C's" That Determine Your Borrowing Power

Wondering what goes into a decision for getting preapproved? Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow:

  1. Capacity: Your current and future ability to make your payments
  2. Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
  3. Collateral: The home, or type of home, that you would like to purchase
  4. Credit: Your history of paying bills and other debts on time


What You Need To Know About The Mortgage Process (Infographic)

 

What You Need To Know About The Mortgage Process

 

 

GreatHomesInCharlotte.com Can Help You Find Your Dream Home

Carolinas Realty Partners' website, www.GreatHomesInCharlotte.com, can help you start searching for your Charlotte area dream home. Our website offers great features that you can customize for your own customized and personalized home search, including:

 

 Let's get together to help you take the first step in making your dream of buying a home a reality.

 

If you're serious about purchasing a Charlotte area home in 2019 you can

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 free home listing alerts from greathomesincharlotte.com

 

 

This information about the the first steps to achieve the dream of homeownership is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts. We have been opening doors to homeownership for Charlotte region home buyers for 20+ years. We can open the door to your dream home, too!

 

 I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

 

 

Great Homes In Charlotte

 

 

 First pubished at: https://greathomesincharlotte.com/buying/first-step-to-buying-a-home/ 

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

 Connect with me also on these sites:  

 

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Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Topic:
Home Buying
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Groups:
Charlotte NC Real Estate
Buyer Information - What Buyers Need to Know in Today's Market
Advice for Buyers
Tags:
mortgage preapproval
mortgage advice
mortgage preapprovals
search charlotte homes for sale
great homes in charlotte
why mortgage preapproval should be the first step in buyng a home

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Rainmaker
4,443,925
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

This first step post is great, you clearly outline the process of buying your first home. A

Feb 21, 2019 08:01 AM #19
Rainmaker
3,091,631
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel thanks, Alexandra... this seems to be a message that can't get repeated too often.

Feb 21, 2019 08:12 AM #20
Ambassador
3,800,973
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina that is SOUND advice.  Buyers need to get pre-qualified first before they get their hope on purchasing a property they do not qualify for.

Feb 21, 2019 03:54 PM #21
Ambassador
3,870,063
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- this is excellent information for buyers, especially first time buyers. 

Feb 21, 2019 06:10 PM #22
Rainmaker
2,498,178
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Nina, great information here. I was talking to a buyer today.... first-time buyers and I had to go over the process with her. This was the second time this week. They did not know where to start. They do now!

Feb 21, 2019 06:42 PM #23
Rainmaker
4,797,311
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Nina.  Those considering a Charlotte home purchase should read this post.

Feb 22, 2019 03:34 AM #24
Rainmaker
3,174,160
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

An important message for both buyers and sellers. Consumers serious about moving to a Charlotte home...Listen to Nina!

Feb 22, 2019 04:08 AM #25
Rainmaker
5,380,298
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is great information to share with prospective home buyers.

Feb 22, 2019 07:05 AM #26
Rainmaker
3,091,631
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto hi George... does seem so logical, doesn't it? And yet, so many think they can't wait till they find a home they love.

Feb 22, 2019 09:19 AM #27
Rainmaker
3,091,631
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Kathy Streib thanks, Kathy. If I've learned anything over 25 years in this profession, it's that educating buyers and sellers is a never-ending job.

Feb 22, 2019 09:20 AM #28
Rainmaker
3,091,631
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rebecca Gaujot, Realtor® ho Rebecca... I go through that same conversation regularly. It's my first question when someone I don't know calls me... have you been in touch with a lender?

Feb 22, 2019 09:21 AM #29
Rainmaker
3,091,631
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders hi Gabe... and the good news is that rates fell back again this week so more buyers should think about getting into the market before they go up again.

Feb 22, 2019 09:22 AM #30
Rainmaker
3,091,631
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila and Larry... I'm sure that you come across buyers in Long Island, as well, who don't realize step #1 is knowing what you can qualify for.

Feb 22, 2019 09:23 AM #31
Rainmaker
3,091,631
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... thanks. And I guess I just did share this with those thinking about buying a home! 

Feb 22, 2019 09:23 AM #32
Ambassador
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Love the way you take the buyer step by step Nina Hollander anyone looking to buy a house in your area would be foolish not to contact you. It is evident you will take care and time in explaining the buying process from start to finish This is so important when you are buying a house 

 

Feb 22, 2019 01:59 PM #33
Rainmaker
3,091,631
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hannah Williams hi Hannah... thanks so much for such a lovely comment. I've heard it said that a good real estate broker needs to have the heart of an educator. And I totally believe that... we are always educating our clients, both sellers and buyers (or should be). Happy weekend!

Feb 22, 2019 02:04 PM #34
Rainmaker
757,723
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

A true fact in whatever market you are hoping to buy a home in at any time.

Feb 22, 2019 02:05 PM #35
Rainmaker
3,091,631
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nick Vandekar, 610-203-4543 for sure, Nick! I just put Charlotte in there because that's my market!

Feb 22, 2019 02:07 PM #36
Rainmaker
496,044
Steven Nickens
Elite Pacific Properties Maui - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Aloha Nina, excellent advise about buying a home. Any buyer would be in good hands to have you guide them in the purchase of a home.

Feb 23, 2019 02:18 PM #37
Rainmaker
3,091,631
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Steven Nickens Aloha to you, Steven. Thanks for the kind comment and thanks for stopping by. Wishing you a lovely Sunday!

Feb 24, 2019 05:43 AM #38
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