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 169   next

130 Union Chapel Drive -- 4 BR, 4.2 BA
Price: $1,399,000 (4869 sqft)
Subdivision: The Point
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Dom DeMatteo | MLS # 3579964 | Active
17914 John Connor Road -- 4 BR, 4 BA
Price: $1,325,000 (2917 sqft)
Subdivision: The Peninsula
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Todd Hill | MLS # 3514900 | Active
534 Lakeview Shores Loop -- 4 BR, 4.1 BA
Price: $1,195,000 (7568 sqft)
Subdivision: Crescent Land and Timber
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Jeannie Coyer | MLS # 3528164 | Active
104 Belk Point -- 4 BR, 3 BA
Price: $1,150,000 (2693 sqft)
Subdivision: None
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Kara Gilchrist | MLS # 3509635 | Active
2755 Harbour Pointe Court -- 4 BR, 4.1 BA
Price: $1,149,000 (5997 sqft)
Subdivision: Lakepointe
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Michael Toste | MLS # 3555405 | Active
22026 Satilla Drive -- 7 BR, 5.1 BA
Price: $1,125,000 (3477 sqft)
Subdivision: Heron Harbor
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Janell Snevel | MLS # 3469755 | Active
17028 Island View Drive -- 3 BR, 2 BA
Price: $989,000 (1428 sqft)
Subdivision: Lake Norman Island
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Jayne Cantello | MLS # 3573968 | Active
9316 Legrand Drive -- 3 BR, 2.1 BA
Price: $840,000 (3502 sqft)
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Cristin Dorninger | MLS # 3581257 | Active
16108 Terry Lane -- 3 BR, 3.1 BA
Price: $789,000 (2499 sqft)
Subdivision: Browns Cove
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Angela Cook | MLS # 3535715 | Active
180 Honeydew Circle -- 3 BR, 2 BA
Price: $669,000 (1712 sqft)
Subdivision: None
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Michael Toste | MLS # 3573191 | Active
349 Robinson Road -- 3 BR, 2 BA
Price: $350,000 (1248 sqft)
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Todd Hill | MLS # 3482371 | Active
7610 Dellinger Road -- 3 BR, 2 BA
Price: $349,900 (1625 sqft)
Subdivision: Crescent Land and Timber
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Vicki Dalton | MLS # 3563059 | Active
307 Wood Duck Loop -- 3 BR, 2 BA
Price: $309,000 (1591 sqft)
Subdivision: Crystal Bay
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Gene McKinney | MLS # 3477379 | Active
168 Broad Sound Place -- 6 BR, 6.4 BA
Price: $6,995,000 (9789 sqft)
Subdivision: The Point
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Ivester Jackson | MLS # 3472208 | Active
8495 Norman Estates Drive -- 5 BR, 6.1 BA
Price: $6,800,000 (7289 sqft)
Subdivision: Norman Estates
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Ivester Jackson | MLS # 3388984 | Active
109 Conway Court -- 5 BR, 6.2 BA
Price: $5,900,000 (8405 sqft)
Subdivision: The Point
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Ivester Jackson | MLS # 3505628 | Active
163 Falmouth Road -- 4 BR, 5.3 BA
Price: $3,999,999 (7530 sqft)
Subdivision: The Point
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Ivester Jackson | MLS # 3552709 | Active
173 Falmouth Road -- 6 BR, 6.1 BA
Price: $3,995,000 (8323 sqft)
Subdivision: The Point
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Allen Tate Lake Norman | MLS # 3569377 | Active
18311 Nantz Road -- 6 BR, 6.1 BA
Price: $3,794,999 (9473 sqft)
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Carlyle Properties | MLS # 3503937 | Active
17324 Wavecrest Court -- 6 BR, 6.2 BA
Price: $3,750,000 (5768 sqft)
Subdivision: Somerset Shores
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Ivester Jackson | MLS # 3510518 | Active

Listings 1 - 20 of 169   next

LKN Waterfront Condos for Sale

Lake Norman condos

Listings 1 - 20 of 26   next

122 Cove Key Lane -- 3 BR, 3.1 BA
Price: $949,000 (3012 sqft)
Complex: Cove Key
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Patty Register | MLS # 3566383 | Active
18726 Nautical Drive -- 3 BR, 2 BA
Price: $370,000 (1328 sqft)
Complex: Commodores Landing
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Debi Gallo | MLS # 3574504 | Contract
403 Northwest Drive -- 3 BR, 2.1 BA
Price: $599,000 (1550 sqft)
Complex: North Point
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Lake Norman Realty, | MLS # 3523996 | Contract
18015 Kings Pointe Drive -- 3 BR, 2 BA
Price: $494,400 (1511 sqft)
Complex: Baybridge
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Rosso Group LLC | MLS # 3416092 | Active
20407 Harborgate Court -- 3 BR, 2 BA
Price: $489,000 (1381 sqft)
Subdivision: Harborgate
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Titan Realty, Inc. | MLS # 3572389 | Active
18643 Harborside Drive -- 3 BR, 2 BA
Price: $389,900 (1462 sqft)
Complex: Harborside
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Main Sale Realty | MLS # 3545365 | Contract
637 Williamson Road -- 3 BR, 2 BA
Price: $389,900 (1579 sqft)
Complex: Harbor Point Village
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RE/MAX Realty | MLS # 3571529 | Active
848 Southwest Drive -- 3 BR, 2 BA
Price: $349,000 (1317 sqft)
Complex: Stone Bluff
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Allen Tate Lake Norman | MLS # 3544891 | Active
20357 Harborgate Court -- 2 BR, 2 BA
Price: $339,900 (1270 sqft)
Complex: Harborgate
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Puma & Associates | MLS # 3537295 | Active
657 Portside Drive -- 2 BR, 2 BA
Price: $329,900 (1011 sqft)
Complex: Portside
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Wilkinson ERA Real | MLS # 3563127 | Active
506 Catspaw Road -- 2 BR, 2.1 BA
Price: $319,000 (1484 sqft)
Complex: Catspaw
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Allen Tate Statesville | MLS # 3541779 | Active
1016 Southwest Drive -- 2 BR, 2 BA
Price: $318,000 (1178 sqft)
Complex: South Harbortowne
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Coldwell Banker | MLS # 3556465 | Contract
334 Northwest Drive -- 2 BR, 2 BA
Price: $300,000 (1028 sqft)
Complex: Edgewater
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Lake Norman Realty, | MLS # 3576471 | Active
1327 Torrence Circle -- 2 BR, 2 BA
Price: $290,000 (1174 sqft)
Complex: Emerald Bay
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JP & Associates | MLS # 3565104 | Active
1041 Southwest Drive -- 2 BR, 2 BA
Price: $289,900 (1111 sqft)
Complex: Captains Watch
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Keller Williams Lake | MLS # 3575589 | Active
107 Pier 33 Drive -- 3 BR, 3 BA
Price: $280,000 (1560 sqft)
Complex: Pier 33
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Keller Williams | MLS # 3452593 | Contract
318 Northwest Drive -- 2 BR, 2 BA
Price: $279,900 (945 sqft)
Complex: Edgewater
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Allen Tate Lake Norman | MLS # 3563712 | Active
103 Pier 33 Drive -- 3 BR, 2.1 BA
Price: $269,000 (1350 sqft)
Complex: Pier 33
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EXP REALTY LLC | MLS # 3516790 | Active
104 Pier 33 Drive -- 3 BR, 3 BA
Price: $263,000 (1679 sqft)
Complex: Pier 33
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EXP Realty LLC | MLS # 3545777 | Contract
2121 Regatta Lane -- 2 BR, 2 BA
Price: $250,000 (806 sqft)
Complex: Hide a way
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Bartholomew Real | MLS # 3583934 | Active

Listings 1 - 20 of 26   next

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!

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