If you have a student in your family that’s attending Winthrop University, then investing in real estate in the area can be an excellent idea. Not only will your student have a place to stay, but you could make some extra money renting out other rooms while the property appreciates in value over the course of their college career. That being said, the following are a few things that you should look for when buying a home near Winthrop University:
- Distance to campus – You won’t want your student to live too far from campus or it’s going to end up being a hassle getting to and from class on time. Convenience is important as a college student. In fact, houses that are within bikeable or walking distance will be easier to rent out as well.
- Safety of the neighborhood – Don’t jump on a property just because it’s a good deal. Find out how safe the neighborhood is by looking up surrounding crime statistics and by speaking with the neighbors. A good real estate agent will be familiar with the area and should be able to provide solid advice in this regard.
- The condition of the house – You might want to avoid a fixer upper unless the house is only meant for your student. If you’re going to rent the other rooms out, keep in mind that you will be the landlord, which means you will be responsible for any maintenance and repairs that are required. A house that’s already in disrepair when you buy it may end up being a money pit because of this.
These are just a few things you should look for when buying a home near Winthrop University. To speak to a real estate agent familiar with the surrounding area, contact us at Randy Lindsay today.
So you’ve decided to become a homeowner. Making the decision to buy your first house is a big step in itself, but you’ve still got a long ways to go. In fact, the home buying process can be pretty overwhelming for first-time homebuyers. To help make things a bit easier, be sure to use the following home buying checklist:
- Get a mortgage pre-approval – Compare different lenders and secure a mortgage pre-approval. This will give you an idea of how much you have to spend on a house and will help position you as a serious buyer with sellers.
- Determine your budget – The amount you secure for your mortgage pre-approval is not always what you can afford. Keep in mind that you will also have to pay more for utilities, homeowner’s insurance, HOA fees, property tax, closing fees and more.
- Identify your wants and needs – Come up with a list of wants and needs so that you know what you’re looking for and so that you can more effectively compare the houses that you view. This is especially important if you’re buying a house with someone, such as your significant other.
- Identify future needs – Don’t just think about the present. For example, if you plan on raising a family, you may need an extra room. You’ll also want to make sure the neighborhood is safe and that the nearby schools are of high quality.
- Hire a real estate agent – A real estate agent can help find houses that fit your wants and needs and provide professional home buying advice.
Using this home buying checklist should help first-time homebuyers get a grasp of what they need to do in order to successfully find and buy a new home. For more home buying advice, be sure to contact us at Randy Lindsay today.
If you’re buying a home in Charlotte, then one of the most exciting days you can look forward to is the closing date. The closing is when you sign on the dotted lines and receive the keys to your new home. However, the closing is a little more complicated than that. The following are some of the things that you will need to bring with you on the date of the closing:
- Your I.D. – You’ll be signing various documents that will need to be notarized, which means that you will need to have a government-issued I.D., like your driver’s license.
- Certified or cashier’s checks – You’ll be responsible not just for the down payment of the house, but the closing costs. These costs include appraisal fees, loan origination fees, title search fees and more. Don’t just show up with a check for the down payment since you will need to have a check for these costs as well. You can find out how much they will cost beforehand so that you’re properly prepared.
- Funds – It’s important that you speak with the escrowee or attorney and ask if they will accept a check. In some cases, you may be required to transmit your funds to the escrowee via wire transfer. In this case, you should make sure you have the funds to transfer a few days before closing. You may want to transfer the funds so that they reach the escrowee before the closing date to avoid delays.
- Documents and paperwork – Ask your agent or lawyer if there are any outstanding documents or paperwork that you haven’t provided yet. You’ll need to bring these with you.
There are many reasons to move to Charlotte, NC, one of the most popular reasons being that the city is known for having some great neighborhoods. When buying a new home, it’s important that you put equal consideration into the neighborhood where the property is located. The following are some of the important aspects of a neighborhood that you should look at:
- Crime rate – The house may be amazing, but will you want to live in an amazing house if the neighborhood you’re living in is dangerous? Not only can living in a neighborhood with a high crime rate be dangerous, it can make you feel less comfortable in your own home. The crime rate is especially important if you have or are planning to have children.
- School district – The school district is another important factor if you have or are planning on having children. Look up the school district the neighborhood is located in and read up on the schools your children will end up going to. Look for things like parent reviews, awards, teacher-to-student ratio and graduation rate.
- Convenience – How long is the commute from the neighborhood to your job? Is the neighborhood near a main road? Are there nearby amenities, like banks, gas stations, grocery stores, shops and restaurants?
- Future construction – Find out if there is any construction planned in the neighborhood. While finding out that the city is building a park across the street can be a good thing, finding out that they are building a freeway by your backyard is not.
These are just a few of the factors that you should consider when researching potential neighborhoods to live in. For more home buying tips or for more reasons to move to Charlotte, NC, be sure to contact us at Randy Lindsay today.
When 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.
If 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.