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 130   next

147 Union Chapel Drive -- 4 BR, 5.2 BA
Price: $2,399,000 (8537 sqft)
Subdivision: The Point
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Dom DeMatteo | MLS # 3605845 | Active
21109 Lakeview Circle -- 5 BR, 4.1 BA
Price: $1,795,000 (4413 sqft)
Subdivision: Country Club Shores
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Farrah Biggerstaff | MLS # 3638255 | Active
234 Bullfinch Road -- 3 BR, 3.1 BA
Price: $1,400,000 (5649 sqft)
Subdivision: Beacon Pointe
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Jack Beckman | MLS # 3549411 | Active
17914 John Connor Road -- 4 BR, 4 BA
Price: $1,350,000 (4193 sqft)
Subdivision: The Peninsula
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Todd Hill | MLS # 3616708 | Active
8762 Harbor Circle -- 3 BR, 3.1 BA
Price: $1,199,000 (3290 sqft)
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Angela Cook | MLS # 3584927 | Active
8217 Tranquil Harbor Lane -- 5 BR, 4.1 BA
Price: $1,175,000 (4911 sqft)
Subdivision: Tranquil Harbor
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Sandra Dunn | MLS # 3608694 | Active
7192 Lynbrook Creek Road -- 4 BR, 5 BA
Price: $829,900 (3237 sqft)
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Michael Toste | MLS # 3636845 | Active
21023 Island Forest Drive -- 4 BR, 3 BA
Price: $749,000 (2811 sqft)
Subdivision: Island Forest
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Coleen Wright | MLS # 3627771 | 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: $6,500,000 (7289 sqft)
Subdivision: Norman Estates
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Ivester Jackson | MLS # 3388984 | Active
18201 Nantz Road -- 5 BR, 4 BA
Price: $5,900,000 (0 sqft)
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RE/MAX Executive | MLS # 3636972 | Active
109 Conway Court -- 5 BR, 6.2 BA
Price: $5,850,000 (8688 sqft)
Subdivision: The Point
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Ben Bowen Properties | MLS # 3650716 | Active
16315 Belle Isle Drive -- 5 BR, 6.2 BA
Price: $3,995,000 (9385 sqft)
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Ivester Jackson | MLS # 3619940 | Active
16915 Shipswatch Place -- 5 BR, 5.3 BA
Price: $3,900,000 (7380 sqft)
Subdivision: The Peninsula
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Ivester Jackson | MLS # 3585036 | Active
19125 Peninsula Point Drive -- 7 BR, 8 BA
Price: $3,699,000 (7718 sqft)
Subdivision: The Peninsula
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Carlyle Properties | MLS # 3445959 | Active
16501 Green Dolphin Lane -- 6 BR, 6.1 BA
Price: $3,649,000 (8113 sqft)
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Ivester Jackson | MLS # 3600037 | Active
139 Travis Pointe Drive -- 5 BR, 4.1 BA
Price: $3,400,000 (5271 sqft)
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RE/MAX Executive | MLS # 3511062 | Active
8451 Ridgewood Road -- 5 BR, 5.2 BA
Price: $3,350,000 (8867 sqft)
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Lakeshore Realty, Inc. | MLS # 3628933 | Active
202 Brownstone Drive -- 5 BR, 6.1 BA
Price: $3,275,000 (8118 sqft)
Subdivision: The Point
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Ivester Jackson | MLS # 3634542 | Active
16741 100 Norman Place -- 5 BR, 5.2 BA
Price: $3,249,000 (8693 sqft)
Subdivision: 100 Norman Place
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Ivester Jackson | MLS # 3602830 | Active

Listings 1 - 20 of 130   next

LKN Waterfront Condos for Sale

Lake Norman condos

Listings 1 - 20 of 28   next

18507 Vineyard Point Lane -- 2 BR, 2.1 BA
Price: $599,999 (1679 sqft)
Complex: Vineyard Point
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Jim Nickerson | MLS # 3625963 | Active
17925 Kings Point Drive -- 3 BR, 2 BA
Price: $560,000 (1410 sqft)
Complex: Kings Point
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Melissa Martin | MLS # 3648395 | Contract
18517 Harborside Drive -- 3 BR, 2 BA
Price: $384,900 (1438 sqft)
Complex: Harborside
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Debi Gallo | MLS # 3640097 | Contract
637 Williamson Road -- 3 BR, 2.1 BA
Price: $365,000 (1639 sqft)
Complex: Harbor Point Village
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Erin Boyd | MLS # 3637255 | Active
1333 Torrence Circle -- 2 BR, 2 BA
Price: $305,000 (1155 sqft)
Complex: Emerald Bay
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Kara Gilchrist | MLS # 3626019 | Active
105 N Cove Key Lane -- 3 BR, 3.1 BA
Price: $1,095,000 (3537 sqft)
Complex: Cove Key
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Coldwell Banker Realty | MLS # 3565486 | Active
18315 Harborside Drive -- 4 BR, 3.1 BA
Price: $650,000 (2309 sqft)
Complex: Harborside Townhomes
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Keller Williams Lake | MLS # 3626292 | Contract
18409 Harborside Drive -- 4 BR, 3.1 BA
Price: $625,000 (2471 sqft)
Complex: Harborside Townhomes
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Helen Adams Realty | MLS # 3630715 | Active
17810 Half Moon Lane -- 3 BR, 2 BA
Price: $510,000 (1436 sqft)
Complex: Half Moon Bay
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Century 21 Murphy & | MLS # 3650201 | Active
625 Portside Drive -- 3 BR, 2 BA
Price: $480,000 (1368 sqft)
Complex: Portside
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Allen Tate Lake Norman | MLS # 3604417 | Contract
1211 Torrence Circle -- 3 BR, 2 BA
Price: $435,000 (1451 sqft)
Complex: Newport
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Keller Williams | MLS # 3645798 | Contract
526 Catspaw Road -- 3 BR, 3.1 BA
Price: $395,000 (2311 sqft)
Complex: Catspaw
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Berkshire Hathaway | MLS # 3647680 | 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
18681 Vineyard Point Lane -- 3 BR, 2 BA
Price: $385,000 (1191 sqft)
Complex: Windrose
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Keller Williams Lake | MLS # 3650932 | Active
18665 Vineyard Point Lane -- 3 BR, 2 BA
Price: $379,000 (1134 sqft)
Complex: Windrose
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EXP REALTY LLC | MLS # 3622409 | Active
18009 Kings Point Drive -- 2 BR, 2 BA
Price: $349,000 (1112 sqft)
Complex: Baybridge
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Ivester Jackson | MLS # 3635946 | Active
935 Southwest Drive -- 2 BR, 2 BA
Price: $312,500 (922 sqft)
Complex: Southpoint
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Wilkinson ERA Real | MLS # 3635118 | Contract
948 Southwest Drive -- 2 BR, 2 BA
Price: $309,900 (949 sqft)
Complex: Southpoint
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Wilkinson ERA Real | MLS # 3631614 | Active
1135 Torrence Circle -- 3 BR, 2 BA
Price: $300,000 (1265 sqft)
Complex: Captains Watch
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Wilkinson ERA Real | MLS # 3633565 | Active
944 Southwest Drive -- 2 BR, 2 BA
Price: $289,900 (877 sqft)
Complex: Southpoint
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Wilkinson ERA Real | MLS # 3642828 | Contract

Listings 1 - 20 of 28   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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