York County Living: Buying A Home That Fits Your Style

ranch homeWhen it comes to finding a home to buy in York County, it shouldn’t be too difficult to find something that meets your needs. However, there are different home styles that may or may not suit your particular taste. The following are some of the common home styles that you can find in York County:

  • Colonial – Colonial-style homes are relatively popular in the South. They are characterized by their exterior symmetry as well as their use of two or more floors. Plantation-style colonial homes generally have two columns flanking the front door.
  • Mid-Century Modern – Mid-century modern homes were built between the 1930s and 1960s. They’re known for their abundance of windows, exposed beams and open floor plans.
  • European – European-style homes are gaining in popularity for those who like intricately decorated home designs. Common features include stone facades, wrought iron decorations, paver driveways and lots of natural stone.
  • Craftsman – Craftsman-style homes are becoming a more popular home design for new construction. They are known for their open floor plans, large kitchens and high ceilings. These types of homes tend to boast beautiful handwork as opposed to a more mass produced-like style that some new homes have.
  • Ranch – Ranch-style homes are single-story houses that often have open floor plans and a variety of different roof lines. These types of homes are evocative of a casual and informal lifestyle.

These are a few of the common home styles found in York County. Be sure to consider the type of home style that fits your personal taste when looking for a home to buy in York County. For more information about real estate in the area or for information about things to do in York County, contact us at Randy Lindsay today.

3 Common Home Buying Myths

buying a homeIf you are a first-time home buyer, then there’s a lot about the home buying process that you will learn from experience. Hopefully, you’ll do a bit of research on your own as well. However, it’s important that as you try to educate yourself that you don’t fall for some of the more common home buying misconceptions. The following are three of the common home buying myths that you should be aware of:

Myth #1: You don’t need a real estate agent

Many people mistakenly think that a real estate agent is unnecessary. Yes, you can find listings online and you can schedule your own showings. However, a real estate agent can locate newly listed or unlisted houses, schedule showings, provide professional advice, negotiate terms and much more. Going without a real estate agent can end up being a big mistake.

Myth #2: You have to put down a 20 percent down payment

If you can put a 20 percent down payment on a house, that’s great. However, it’s not required. You can offer a smaller down payment, although you will have to pay private mortgage insurance as a result. There are even some programs, such as the FHA and VA programs, that allow you to put as little as 0 to 3.5 percent down.

Myth #3: A 30-year mortgage is your best option

The monthly payments for a 30-year mortgage will be less than a 15-year, which is why it’s so popular. However, you will end up paying more in interest over a longer period of time. If you don’t plan on living there for a long period, a 30-year mortgage won’t make much sense either.

Don’t fall for these three common home buying myths. For more advice concerning the home buying process, be sure to contact us at Randy Lindsay today.

5 Things To Watch Out For When You’re Buying A Home

home neighborhoodBuying a house is most likely going to be one of the biggest investments you ever make. Because of this, the last thing you want to do is end up with buyer’s remorse once you’ve put pen to paper. To avoid making any common buyer mistakes, look out for the following five things when buying a home:

  1. The neighborhood – The house itself may be priced fairly, but don’t forget to consider the neighborhood it’s in. If the other houses are in poor shape, then the neighborhood can drag down the value of the property you’re looking at. You’ll want to make sure that the neighborhood is safe to live in as well.
  2. Plans for the surrounding area – Find out what the future entails for the area surrounding the house. For example, you may think that empty lot across the street is a real eyesore. However, if there are future plans to turn it into a park, you may be more willing to live with it.
  3. Energy use – All of the appliances and HVAC units may look to be in good working condition, but if they’re older they could be a huge drain on your energy use. Find out how much the monthly energy costs are. You don’t want to end up having to pay an arm and a leg in energy costs – or having to replace appliances and HVAC units.
  4. Foundation issues – Cracks in the foundation can predict future foundation problems you won’t want to deal with.
  5. Constant repairs – Look at the history of repairs in a house. If the same things have been repaired multiple times, don’t be surprised if you have to pay for additional repairs in the future.

Look for these red flags when buying a home and contact Randy Lindsay for more professional advice.

Don’t Throw Away Money When Buying a Home

home moneyAs a home buyer, you have a strict budget that you’re hopefully going to stick to no matter what. However, just because you don’t go over budget when buying a home doesn’t mean that you may not be wasting money. The following are a few tips to keep in mind to ensure that you don’t lose money when buying a home:

  • Check the deposit terms – To buy a home, you’ll need to provide earnest money. Find out if the deposit is refundable in case something goes wrong with the sale, such as if there are certain circumstances in which it’s not refundable and if there’s a time limit.
  • Pay a 20 percent deposit – By paying for at least 20 percent of the home’s cost as a deposit, you’ll ensure that you won’t have to pay for additional private mortgage insurance. If your deposit is below 20 percent, you’ll have to pay private mortgage insurance until you’ve paid off at least 20 percent of the house.
  • Negotiate home inspections and appraisals – You’re going to have to get a home inspection and an appraisal in order to secure a loan. If the seller doesn’t include these in the sale, try to negotiate their inclusion. If they won’t budge, don’t agree to an inspection until the seller approves your purchase contract. Don’t do an appraisal until you receive a mortgage pre-approval. Otherwise, you could end up wasting your money.
  • Get a home warranty – If you’re buying an older home, things are more likely to go wrong after the inspection, resulting in costly repairs. A home warranty will cover the major systems in your new home.

Follow these tips to avoid wasting money when buying a new home. For more advice on buying real estate, be sure to contact us at Randy Lindsay today.

 

Buying a Home? Pre-Approved Finance Is Important

pre-approved financingIf you are planning on moving to York County, then you probably can’t wait to get started on your home search. However, before you begin looking at property in York County, you should be sure to get a pre-approved mortgage.

The Importance of a Pre-Approved Mortgage

Looking for a new home takes time. Odds are, you’ll spend more than a few hours searching through listings online before taking the time to visit the properties that have piqued your interest. You may end up visiting dozens of different houses before you find one that meets your specific wants and needs. As you can imagine, this entire process could take months – you don’t want to rush into buying a home after all.

Unfortunately, if you don’t have a pre-approved mortgage, then you could run into a very big problem once you’ve found the house of your dreams. Once you’ve found that home, you’ll need to apply for a mortgage. What if the loan you qualify for isn’t enough to cover the cost of that house? Or worse yet, what if you’re completely denied? Then you’ve wasted a huge amount of your time.

By obtaining pre-approved financing, you’ll know exactly what you can afford, which means you won’t waste your time looking at homes that are outside of your price range. Additionally, a mortgage pre-approval can help give you an advantage over other buyers. If you have competition for a house, a seller is more likely to accept a bid from a buyer that has been pre-approved for a mortgage than one that has not. This is because a mortgage pre-approval is proof that the buyer can afford their bid.

For more information about obtaining a mortgage pre-approval, or for information about moving to York County in general, contact Randy Lindsay today.

How an Eviction Can Affect You Buying a Home

eviction noticeIf you are planning on buying a home, then odds are you’re going to need to take out a mortgage loan in order to do so. However, a lender is going to take a close look at your financial history to see whether they believe that you are responsible or capable of paying your mortgage payments on time and in full. If you’ve ever been evicted from a home, this could pose a potential problem.

A lender is not going to look favorably on anyone that has been evicted in their past. It typically means that rent was not paid for a substantial amount of time and that the landlord had to kick you out as a result. However, there are two different types of evictions.

In some cases, an eviction is meant only to get you out of the house. You may be able to speak with your landlord and come to some sort of agreement before they begin the eviction process. You may want to ask for a letter explaining why you were evicted as well. In a case like this, your eviction may not hurt your ability to secure a loan quite as much.

However, if you were¬†sued as well because of unpaid rent, then this going to have a much bigger impact on your ability to get a loan. It shows lenders that you were unable to keep up with payments, which means you are a financial risk for them to lend to. If a landlord wins the judgment against you, then you’re going to have serious trouble securing a loan.

An eviction can hurt your chances of securing a loan. However, a lot depends on the circumstances as well as other financial factors. For more advice on buying a home, contact Randy Lindsay today.

MY BIO

Randy has enjoyed 24 wonderful years in the Real Estate industry making dreams come true for homeowners.

Superior customer service is #1 to Randy and he provides this to all of his clients using knowledge, professionalism, integrity and persistence.

Randy is a successful and experienced real estate agent who expertly represents both buyers and sellers. Scores of Charlotte area residents have trusted Randy in the process of listing their homes to sell.

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