Home Buying Tips

5 Steps to Finding Your Next Home

Finding Lake Norman, NC Homes for Sale

5-steps-to-finding-your-next-home

Steps to Finding Your Next HomeLake Norman Real Estate for SaleExplore Lake Norman Homes

Whether you’re a First-Time Buyer or a seasoned homeowner, shopping for a New Construction Lake Norman Real Estate Home can feel daunting. In fact, 56% of buyers said that “finding the right property” was the most difficult step in the home buying process.1

Buying a Lake Norman Waterfront Home is a significant commitment of both time and money. And a home purchase has the power to improve both your current quality of life and your future financial security, so the stakes are high.

Follow these five steps—and complete the corresponding worksheet offered below—to assess your priorities, streamline your search, and choose your next home with confidence.

STEP 1: Set Your Goals and Priorities – “Know what City, Town, Location you desire.”

The first Home Buying Tips to finding your ideal home is determining WHY you want to move. Do you need more space? Access to better schools? Less maintenance? Or are you tired of throwing money away on rent when you could be building equity? Pinpointing the reasons why you want to move can help you assess your priorities for your home search.

Don’t forget to think about how your circumstances might change over the next few years. Do you expect to switch jobs? Have more children? Get a pet? A good rule of thumb is to choose a house that will meet your family’s needs for at least the next five to seven years.

STEP 2: Determine Your Budget – “Talk to a Real Estate Lender before you begin”

Many financial professionals recommend following the “28/36 Rule” to determine how much you can afford to spend on a home. The rule states that you should spend no more than 28% of your gross monthly income on housing expenses (e.g., mortgage, taxes, insurance) and a maximum of 36% of your gross monthly income on your total debt obligations (i.e., housing expenses PLUS any other debt obligations, like car loans, student loans, credit card debt, etc.).3

Of course, the 28/36 rule only provides a rough guideline. Getting pre-qualified or pre-approved by a Real Estate Lender BEFORE you begin shopping for homes will give you a much more accurate idea of how much you can borrow. Add your pre-approved mortgage amount to your downpayment to find out your maximum purchasing potential.

STEP 3: Choose a Location – “Which town around LKN do you want to be a part of?”

When it comes to home buying tips, WHERE you choose to buy is just as important as WHAT you choose to buy.

Do you prefer a rural, urban, or suburban setting? How long of a commute are you willing to make? Which neighborhoods feed into your favorite schools? These decisions will impact your day-to-day life while you live in the home.

Another important factor to consider is how the area is likely to appreciate over time. Choosing the right neighborhood can raise the profit potential of your home when it comes time to sell. Look for communities that are well maintained with high home-ownership rates, low crime rates, and access to good schools, desired retail establishments, and top employers.

STEP 4: Decide Which Features You Need (Want) in a Home – Waterfront/Side, Home vs. Condo/Townhome, Garage, Acerage, etc.

Start with the basics, like your ideal number of bedrooms, bathrooms, and square footage. Do you prefer a one-story or two-story layout? Do you want a swimming pool?

Keep in mind, you may not find a home with all of your “wants,” or even all of your “needs” … at least not at a price you can afford. The reality is, most of us have to make a few compromises when it comes to buying a home.

Some buyers will opt for a longer commute to get a larger, newer home in the suburbs. Others will sacrifice hardwood floors or an updated kitchen so that their kids can attend their desired school.

If you’re faced with a tough choice about how or what to compromise in your home search, return to STEP 1. What were your original goals and motivations for moving? Reminding yourself of your true priorities can often provide the clarity that you need.

STEP 5: Meet with a Real Estate Agent – Meet with a Member of The Martin Real Estate Team of Lake Norman

A good real estate agent can remove much of the stress and uncertainty from the home search process. Home Buying Tips include setting goals to securing a loan to selecting the best neighborhood to meet your needs, we will be there to assist you every step of the way.

And no one has more access to home listings, past sales data, or market statistics than a professional agent. We can set up a customized search that alerts you as soon as a new listing you might like goes live. Better yet, we get notified about many of the hottest homes even BEFORE they hit the market.

You might guess that the Lake Norman VIP Buyer Program service we provide is very expensive. Well, the good news is, we can represent you throughout the entire home buying process at NO COST to you. It’s true; the home seller pays a buyer agent’s fee at closing. So you can benefit from our time, experience, and expertise without paying a dime. It’s no wonder 87% of buyers choose to purchase their home with the help of an agent.1

And although we’ve listed it here as STEP 5, the reality is, it’s never too early (or too late) to contact an agent about buying a home. Whether you plan to buy today, next month, or next year, there are steps you can (and should) be taking to prepare for your purchase.

LKN Waterfront Homes for Sale

Lake Norman homes

Listings 1 - 20 of 82   next

211 Quaker Road -- 4 BR, 3.1 BA
Price: $3,999,995 (5428 sqft)
Subdivision: The Point
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Dom DeMatteo | MLS # 3880177 | Active
200 Cape Cod Way -- 4 BR, 5.1 BA
Price: $2,850,000 (5833 sqft)
Subdivision: The Point
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Dom DeMatteo | MLS # 3903989 | Active
20521 Lagoona Drive -- 3 BR, 2.1 BA
Price: $1,550,000 (2263 sqft)
Subdivision: Biscayne Park
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Bobbie Little | MLS # 3909879 | Active
7545 Windy Pine Circle -- 3 BR, 2.1 BA
Price: $650,000 (2538 sqft)
Subdivision: Sandpiper Bay
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Karen Edmondson | MLS # 3908854 | Active
18019 Harbor Light Boulevard -- 6 BR, 7.4 BA
Price: $16,000,000 (15048 sqft)
Subdivision: The Peninsula
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Premier Sotheby's | MLS # 3895525 | Active
18601 Bluff Point Road -- 4 BR, 4.1 BA
Price: $4,900,000 (5529 sqft)
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RE/MAX Metro Realty | MLS # 3910340 | Active
2810 Cherry Lane -- 6 BR, 9.1 BA
Price: $4,800,000 (12813 sqft)
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Lake Homes & Property | MLS # 3917507 | Active
18103 Harbor Light Boulevard -- 5 BR, 6.2 BA
Price: $4,600,000 (7678 sqft)
Subdivision: The Peninsula
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Beycome Brokerage | MLS # 3911077 | Active
114 Nautical Point Court -- 5 BR, 6.1 BA
Price: $4,500,000 (11714 sqft)
Subdivision: Nautical Point
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Ivester Jackson | MLS # 3901052 | Active
123 Potomac Lane -- 5 BR, 5.1 BA
Price: $4,300,000 (4970 sqft)
Subdivision: The Preserve at Windsor Pointe
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Nestlewood Realty, LLC | MLS # 3916791 | Active
151 Easton Drive -- 5 BR, 6.2 BA
Price: $4,200,000 (10713 sqft)
Subdivision: The Point
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Premier Sotheby's | MLS # 3898371 | Active
17811 Largo Place -- 5 BR, 4.3 BA
Price: $4,199,000 (6455 sqft)
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Fathom Realty | MLS # 3905895 | Active
125 Pointe Harbour Lane -- 4 BR, 5.1 BA
Price: $4,199,000 (6510 sqft)
Subdivision: The Harbour at the Pointe
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Century 21 Lawrie | MLS # 3874862 | Active
20911 Cinnamon Tree Lane -- 5 BR, 4 BA
Price: $3,800,000 (5123 sqft)
Subdivision: Keel Bay
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Fathom Realty | MLS # 3922765 | Active
18432 Balmore Pines Lane -- 4 BR, 5.1 BA
Price: $3,750,000 (7245 sqft)
Subdivision: The Peninsula
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Carlyle Properties | MLS # 3891627 | Active
22531 Torrence Chapel Road -- 5 BR, 6.1 BA
Price: $3,750,000 (7472 sqft)
Subdivision: Country Club Shores
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Keller Williams Lake | MLS # 3881699 | Active
213 Tuskarora Trail -- 3 BR, 4.1 BA
Price: $3,300,000 (4310 sqft)
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Southern Charm Realty | MLS # 3913894 | Active
19241 Hidden Cove Lane -- 6 BR, 5.1 BA
Price: $3,279,000 (5666 sqft)
Subdivision: The Peninsula
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Yates Realty Inc | MLS # 3914127 | Active
18210 Town Harbour Road -- 4 BR, 3.1 BA
Price: $3,250,000 (6632 sqft)
Subdivision: The Peninsula
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NextHome World Class | MLS # 3899155 | Active
18612 Balmore Pines Lane -- 4 BR, 4 BA
Price: $3,100,000 (4681 sqft)
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Select Premium | MLS # 3866356 | Active

Listings 1 - 20 of 82   next

LKN Waterfront Condos for Sale

Lake Norman condos

Listings 1 - 13 of 13

18651 Vineyard Point Lane -- 3 BR, 2 BA
Price: $609,500 (1285 sqft)
Complex: The Moorings
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John Rhodes | MLS # 3893733 | Active
614 Portside Drive -- 3 BR, 2.1 BA
Price: $885,000 (1707 sqft)
Complex: Portside
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Allen Tate Lake Norman | MLS # 3914017 | Active
637 Williamson Road -- 3 BR, 2 BA
Price: $700,000 (1784 sqft)
Complex: Harbor Point Village
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Keller Williams | MLS # 3907295 | Contract
637 Williamson Road -- 3 BR, 2.1 BA
Price: $695,000 (1602 sqft)
Complex: Harbor Point Village
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Century 21 Lawrie | MLS # 3920590 | Contract
18611 Harborside Drive -- 3 BR, 2 BA
Price: $679,900 (1400 sqft)
Complex: Harborside
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Lake Homes Realty LLC | MLS # 3917673 | Contract
18525 Harborside Drive -- 3 BR, 2 BA
Price: $630,000 (1372 sqft)
Complex: Harborside
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Nagy Properties | MLS # 3868487 | Contract
18840 Nautical Drive -- 3 BR, 2 BA
Price: $450,000 (1277 sqft)
Complex: Admirals Quarters
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Cottingham Chalk | MLS # 3905492 | Contract
19843 Henderson Road -- 2 BR, 2 BA
Price: $350,000 (1022 sqft)
Complex: Holiday Harbor
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EXP Realty LLC | MLS # 3908333 | Contract
20101 Henderson Road -- 2 BR, 2 BA
Price: $350,000 (1204 sqft)
Complex: Windward
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Ivester Jackson | MLS # 3921726 | Active
18857 Vineyard Point Lane -- 2 BR, 2 BA
Price: $349,900 (855 sqft)
Complex: Vineyard Point
→ More info
Keller Williams | MLS # 3920002 | Active
18845 Vineyard Point Lane -- 2 BR, 2 BA
Price: $349,527 (891 sqft)
Complex: Dockside
→ More info
Keller Williams Lake | MLS # 3896806 | Active
2129 Regatta Lane -- 1 BR, 1 BA
Price: $345,000 (707 sqft)
Complex: Hide A Way
→ More info
Bespoke Realty | MLS # 3918192 | Active
108 Pier 33 Drive -- 2 BR, 2 BA
Price: $329,000 (1230 sqft)
Complex: Pier 33
→ More info
EXP Realty LLC | MLS # 3909463 | Active

Listings 1 - 13 of 13

The Martin Real Estate Team of Lake Norman

The Martin Real Estate Team of Lake Norman is here to help and answer all of your Real Estate Needs and Questions 7 days a week.

Questions, or would you like to receive more information about a Buying a Home for Sale, or interested in Listing your home for Sale, simply fill out the Our Contact Form or for a faster response you can also call the Lake Norman Specialists at 704-900-1619 right now!

  • Schedule a Showing Request HERE

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