: In hot markets, you might be asked for a Best and Final Offer (BAFO) —your absolute highest bid to beat out other buyers. 5. Inspections: The "No Regrets" Step
Once you sign the papers, the work doesn't stop. Raleigh Realty recommends these immediate "Day 1" tasks: buy a house com
: Aim to keep your home price under three times your annual income to avoid becoming "house poor". : In hot markets, you might be asked
Never skip the home inspection. It’s your chance to see what’s "hiding in the walls". If major issues surface, you can negotiate for repairs or credits before the deal is final. 6. Closing Day and Beyond Raleigh Realty recommends these immediate "Day 1" tasks:
: Your agent will help you look at "comps" (comparable recently sold homes) to find a fair number.
: Don’t forget to budget for closing costs (usually 2-5% of the price), HOA fees, and homeowner's insurance. 2. Get the Golden Ticket (Pre-Approval)
Don't confuse "pre-qualified" with . A pre-approval letter from a lender proves you have the financial backing to make a real offer. According to Extra Space Storage , this process typically takes 7-10 days and is your strongest tool in a competitive market. 3. Build Your Winning Team