PO Box 730
Hatteras, NC 27943
Toll Free
1-866-627-6627
ext. 3808
Fax
1-252-986-2531
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The Buying Process
Since you first visited Hatteras Island you have dreamed of owning
property, either as an investment or for future retirement or both, and now the time has finally come.
You have been pre-qualified by a lender so you know your purchasing
power and you have read about the various ways in which real estate
agents can represent you. You are ready to put the wheels in
motion to achieve your goal!
Step 1: Identify the property of your dreams:
Working with a well-informed and educated agent will result in finding the property that is just right for you, no matter how long it takes.
Step 2: Turning your offer into a contract:
The art of successful negotiating is dependent upon experience. With the assistance of an experienced and skillful agent, you will be one step closer to realizing your dream.
Step 3: Getting to the closing table:
The terms and price of the offer have been negotiated and accepted by both buyer and seller – congratulations! You are now officially “under contract”. However, there is still much to do. At this point, a superior full service agent
will completely manage the transaction, along with your lender and
closing attorney, to see you through the following detailed process of:
Loan Application
Appraisal
Survey
Lot Evaluation
Home Inspection
Termite Inspection |
Septic Inspection
Loan Approval
Property Management Contract
Design, Building and Decorating
Closing |
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This
process can take anywhere from 6 to 8 weeks (12 months if you are
building a new home) depending on the nature of your purchase.
More often than not, buyers close by mail, which means that the only
time they are physically here on the Island is during the property
selection process.
As you can imagine, selecting the right agent can make all the difference. Working with a professional and knowledgeable agent will enable you to enjoy a pleasant and easy “Buying Process”.
TEN REASONS TO BUY NOW!
| #1 |
There is a large selection of properties to choose from.
The supply of homes and lots are at an all time high. |
| #2 |
Buyers now have more bargaining power.
Buyers
have more clout than they’ve had for years. They may find sellers more
willing to make concessions during negotiations, including substantial
price reductions.
|
| #3 |
Real Estate is a great investment.
The
real estate market has performed extremely well over the past 10 years,
rewarding property owners with substantial returns on their investment. |
| #4 |
The demographics for resort markets are very strong.
Baby Boomers will continue to keep the resort market going. Buy now while the real estate market is taking a breather |
| #5 |
Interest rates are reasonable and financing is available.
Lenders are eager
and waiting to serve you. Today’s rate for a 30 year
conventional loan with no points is approximately 6.5% |
| #6 |
The buying environment is less stressful.
Multiple offers on properties are less common today |
| #7 |
Hatteras Island prices are very attractive.
We offer some of the most reasonably priced resort and waterfront properties found anywhere along the east coast. |
| #8 |
Properties may cost more in the future.
Waiting
for prices to continue to decline may be a risky strategy. This
opportunity may not last. First buyers in will make the best deals |
| #9 |
Benefits over investing in the stock market include:
Prices are less volatile in most areas; real estate is a leveraged investment; real estate is tax advantaged. |
| #10 |
And, last but not least, you can live in and make memories in real estate!
Chances
are, if you think a house is good enough to live in and enjoy, someone
else will too and they’ll pay you for the privilege to rent it. |
With
careful and thoughtful planning, and of course with the help of a
knowledgeable real estate agent, you could be vacationing in your new
home before you know it!
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