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 59   next

208 High Lake Drive -- 3 BR, 3.1 BA
Price: $899,900 (3297 sqft)
Subdivision: Harbor Watch
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Michael Toste | MLS # 3703271 | 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
125 Quiet Waters Drive -- 5 BR, 6.3 BA
Price: $6,750,000 (9686 sqft)
Subdivision: Northwood
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Ivester Jackson | MLS # 3714061 | Active
104 Nathaniel Court -- 5 BR, 8.4 BA
Price: $6,500,000 (20850 sqft)
Subdivision: The Point
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Ivester Jackson | MLS # 3704809 | Active
17002 Freshwater Lane -- 6 BR, 6.3 BA
Price: $5,600,000 (8027 sqft)
Subdivision: The Peninsula
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Allen Tate Lake Norman | MLS # 3716941 | Active
16505 Jetton Road -- 5 BR, 5.2 BA
Price: $5,500,000 (8127 sqft)
Subdivision: Lake Norman
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Lead 2 Real Estate | MLS # 3681168 | Active
469 Tuskarora Trail -- 6 BR, 6.1 BA
Price: $5,300,000 (9949 sqft)
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Ivester Jackson | MLS # 3715992 | Active
18300 Mainsail Pointe Drive -- 6 BR, 7.1 BA
Price: $4,500,000 (7384 sqft)
Subdivision: The Peninsula
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HM Properties | MLS # 3726045 | Active
173 Rehoboth Lane -- 5 BR, 5.3 BA
Price: $4,290,000 (8816 sqft)
Subdivision: The Point
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NorthGroup Real | MLS # 3712011 | Active
179 Milford Circle -- 5 BR, 5.4 BA
Price: $4,250,000 (8946 sqft)
Subdivision: The Point
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Trump International | MLS # 3721217 | Active
8451 Ridgewood Road -- 5 BR, 5.2 BA
Price: $3,250,000 (8867 sqft)
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Lakeshore Realty, Inc. | MLS # 3628933 | Active
17300 Wavecrest Court -- 4 BR, 4.2 BA
Price: $3,250,000 (5141 sqft)
Subdivision: Somerset Shores
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Ivester Jackson | MLS # 3715980 | Active
8343 Norman Estates Drive -- 5 BR, 6.1 BA
Price: $3,190,000 (8094 sqft)
Subdivision: Norman Estates
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Ivester Jackson | MLS # 3696146 | Active
180 Eagle Chase Lane -- 4 BR, 4.2 BA
Price: $2,850,000 (8963 sqft)
Subdivision: Wildlife Bay
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Ivester Jackson | MLS # 3647233 | Active
358 Beaten Path Road -- 4 BR, 4 BA
Price: $2,600,000 (4620 sqft)
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Premier Sothebys | MLS # 3711703 | Active
16207 Henry Lane -- 5 BR, 5.1 BA
Price: $2,600,000 (5374 sqft)
Subdivision: Gilead Woods
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Pilot Realty & | MLS # 3703829 | Active
20540 Bethelwood Lane -- 4 BR, 3.2 BA
Price: $2,500,000 (0 sqft)
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Titan Realty, Inc. | MLS # 3722521 | Active
20333 Havenview Drive -- 6 BR, 6.2 BA
Price: $2,500,000 (7904 sqft)
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EXP REALTY LLC | MLS # 3706610 | Active
150 S Longfellow Lane -- 5 BR, 5.1 BA
Price: $2,390,000 (4843 sqft)
Subdivision: The Point
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Dazcon Properties | MLS # 3675222 | Active
184 Tuskarora Trail -- 4 BR, 4.1 BA
Price: $2,299,000 (4078 sqft)
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Lawrie Lawrence Real | MLS # 3709122 | Active

Listings 1 - 20 of 59   next

LKN Waterfront Condos for Sale

Lake Norman condos

Listings 1 - 20 of 22   next

18609 Harborside Drive -- 3 BR, 2 BA
Price: $595,000 (1466 sqft)
Complex: Harborside
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Rachel Payton | MLS # 3721327 | Contract
8046 Westcape Drive -- 2 BR, 2.1 BA
Price: $424,900 (1424 sqft)
Complex: Westcape
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Michael Toste | MLS # 3726223 | Active
19839 Henderson Road -- 2 BR, 2 BA
Price: $234,900 (1058 sqft)
Complex: Windward
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John Rhodes | MLS # 3716669 | Contract
18311 Harborside Drive -- 4 BR, 3.1 BA
Price: $725,000 (2464 sqft)
Complex: Harborside
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Nagy Properties | MLS # 3716877 | Contract
18537 Harborside Drive -- 3 BR, 2 BA
Price: $599,900 (1401 sqft)
Complex: Harborside
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Redfin Corporation | MLS # 3725966 | Active
18541 Harborside Drive -- 3 BR, 2 BA
Price: $599,900 (1403 sqft)
Complex: Harborside
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J Cash Real Estate | MLS # 3718860 | Contract
18519 Harborside Drive -- 3 BR, 2 BA
Price: $589,900 (1466 sqft)
Complex: Harborside
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Lake Realty | MLS # 3726789 | Contract
1217 Torrence Circle -- 3 BR, 2 BA
Price: $525,000 (1392 sqft)
Complex: Newport
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EXP REALTY LLC | MLS # 3725664 | Active
7812 Village Harbor Drive -- 3 BR, 2 BA
Price: $495,000 (1229 sqft)
Complex: Villages at Harborside
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Stikeleather Realty & | MLS # 3722285 | Active
17810 Half Moon Lane -- 3 BR, 2 BA
Price: $489,000 (1464 sqft)
Complex: Half Moon Bay
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Coldwell Banker Realty | MLS # 3654503 | Active
20357 Harborgate Court -- 3 BR, 2 BA
Price: $475,000 (1369 sqft)
Complex: Harborgate
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Berkshire Hathaway | MLS # 3723290 | Contract
17931 Kings Point Drive -- 3 BR, 2 BA
Price: $475,000 (1417 sqft)
Complex: Biscayne
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Allen Tate Davidson | MLS # 3715747 | Contract
18726 Nautical Drive -- 3 BR, 2 BA
Price: $469,900 (1315 sqft)
Complex: Admirals Quarters
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EXP REALTY LLC | MLS # 3717679 | Contract
307 Northwest Drive -- 2 BR, 2 BA
Price: $379,900 (1043 sqft)
Complex: Edgewater
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United Brokers Ltd | MLS # 3726921 | Coming soon
508 Catspaw Road -- 2 BR, 2.1 BA
Price: $355,000 (1530 sqft)
Complex: Heronwood
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Premier Realty NC | MLS # 3714479 | Contract
7831 Spinnaker Bay Drive -- 2 BR, 2 BA
Price: $350,000 (950 sqft)
Complex: Spinnaker Bay
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5 Star Realty Group, | MLS # 3714058 | Contract
725 Southwest Drive -- 2 BR, 2 BA
Price: $320,000 (970 sqft)
Complex: Windjammer
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Wilkinson ERA Real | MLS # 3700387 | Contract
2129 Regatta Lane -- 2 BR, 1.1 BA
Price: $265,000 (831 sqft)
Complex: Hide A Way
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Fit Realty LLC | MLS # 3710886 | Contract
104 Pier 33 Drive -- 2 BR, 2 BA
Price: $249,999 (1365 sqft)
Complex: Pier 33
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Seller's Resource | MLS # 3726881 | Active
19839 Henderson Road -- 2 BR, 2 BA
Price: $238,000 (1012 sqft)
Complex: Windward
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Realty ONE Group | MLS # 3722249 | Contract

Listings 1 - 20 of 22   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!

  • Schedule a Showing Request HERE

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Sign Up: VIP Home Buyers Program

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