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

118 Hadley Harbor Court -- 5 BR, 5.1 BA
Price: $4,790,000 (7456 sqft)
Subdivision: The Point
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Clarke Crawford | MLS # 4120597 | Active
14515 NC Hwy 73 Highway -- 4 BR, 4.1 BA
Price: $4,500,000 (5714 sqft)
Subdivision: Vista Lago
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Kathy Day | MLS # 4085004 | Active
199 Wilson Lake Road -- 4 BR, 4.2 BA
Price: $2,500,000 (4946 sqft)
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Pauline Williams | MLS # 4138390 | Active
22340 Country Club Lane -- 3 BR, 2.1 BA
Price: $2,150,000 (2328 sqft)
Subdivision: Country Club Shores
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Sean Hill | MLS # 4157665 | Active
7582 Cottonwood Drive -- 4 BR, 4 BA
Price: $1,350,000 (3913 sqft)
Subdivision: Lakewood
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Jim Robb | MLS # 4161592 | Active
126 Emerald Drive -- 4 BR, 2.1 BA
Price: $1,324,126 (3766 sqft)
Subdivision: Diamondhead
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Sandra Dunn | MLS # 4144841 | Active
139 Hollen Lane -- 10 BR, 11.7 BA
Price: $21,999,900 (9870 sqft)
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Hart Real Estate | MLS # 4096193 | Active
14051 Island Drive -- 5 BR, 6.2 BA
Price: $18,000,000 (12636 sqft)
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Premier Sotheby's | MLS # 4020713 | 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
154 Tennessee Circle -- 6 BR, 7.2 BA
Price: $12,500,000 (11112 sqft)
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The Agency - Charlotte | MLS # 4099910 | Active
123 Saylors Watch Lane -- 5 BR, 5.4 BA
Price: $10,400,000 (7754 sqft)
Subdivision: Saylors Watch
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Corcoran HM Properties | MLS # 4156012 | Active
173 Rehoboth Lane -- 5 BR, 5.3 BA
Price: $9,000,000 (8750 sqft)
Subdivision: The Point
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Keller Williams Lake | MLS # 4087619 | Active
18000 Whispering Oaks Drive -- 6 BR, 6.3 BA
Price: $8,000,000 (7524 sqft)
Subdivision: Point Largo
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Corcoran HM Properties | MLS # 4161529 | Active
21437 Country Club Drive -- 6 BR, 6.3 BA
Price: $7,950,000 (8796 sqft)
Subdivision: Country Club Shores
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Helen Adams Realty | MLS # 4141805 | Active
17807 Largo Place -- 4 BR, 5.1 BA
Price: $7,895,000 (7176 sqft)
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Re/Max Diamond Realty | MLS # 4123359 | Active
8405 Ranger Island Marina Road -- 5 BR, 6.2 BA
Price: $7,500,000 (6490 sqft)
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Nestlewood Realty, LLC | MLS # 4137705 | Active
132 Rollingwood Lane -- 4 BR, 5.2 BA
Price: $7,490,000 (6601 sqft)
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Coldwell Banker Realty | MLS # 4159386 | Active
2477 Peninsula Shores Court -- 5 BR, 5.2 BA
Price: $7,200,000 (6948 sqft)
Subdivision: Norman Estates
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Premier Sotheby's | MLS # 4147108 | Active
124 Saylors Watch Lane -- 5 BR, 6.1 BA
Price: $6,999,000 (5118 sqft)
Subdivision: Saylors Watch
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Coldwell Banker Realty | MLS # 4129766 | Active
4516 Slanting Bridge Road -- 3 BR, 2 BA
Price: $6,885,000 (1494 sqft)
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RE/MAX Executive | MLS # 4073500 | Active

Listings 1 - 20 of 130   next

LKN Waterfront Condos for Sale

Lake Norman condos

Listings 1 - 20 of 32   next

20601 Cutter Court -- 3 BR, 2.1 BA
Price: $1,499,000 (2506 sqft)
Subdivision: Pointe Regatta
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Arlene Arciero | MLS # 4134486 | Contract
18015 Kings Point Drive -- 3 BR, 3 BA
Price: $1,100,000 (2311 sqft)
Subdivision: Baybridge
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Stephen Cooley Real | MLS # 4153883 | Active
18708 Nautical Drive -- 4 BR, 3.1 BA
Price: $1,100,000 (2039 sqft)
Subdivision: Admirals Quarters
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EXP Realty LLC | MLS # 4162357 | Active
402 Northwest Drive -- 3 BR, 2.1 BA
Price: $890,000 (1570 sqft)
Complex: North Point
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Allen Tate Lake Norman | MLS # 4157234 | Contract
861 Southwest Drive -- 3 BR, 2 BA
Price: $799,000 (1164 sqft)
Complex: Stone Bluff
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Keller Williams Lake | MLS # 4149140 | Contract
867 Southwest Drive -- 3 BR, 2 BA
Price: $750,000 (1144 sqft)
Complex: Stone Bluff
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ERA Live Moore | MLS # 4149311 | Contract
637 Williamson Road -- 3 BR, 2 BA
Price: $725,000 (1724 sqft)
Subdivision: Harbor Point Village
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Century 21 Lawrie | MLS # 4009846 | Contract
637 Williamson Road -- 3 BR, 2 BA
Price: $715,000 (1724 sqft)
Complex: Harbor Point Village
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Keller Williams Lake | MLS # 4154445 | Active
18726 Nautical Drive -- 3 BR, 2 BA
Price: $699,000 (1439 sqft)
Subdivision: Admirals Quarters
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Keller Williams | MLS # 4148848 | Active
18700 Nautical Drive -- 3 BR, 2 BA
Price: $675,000 (1395 sqft)
Complex: Commodores Landing
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Ivester Jackson | MLS # 4131627 | Active
637 Williamson Road -- 3 BR, 2.1 BA
Price: $670,000 (1602 sqft)
Complex: Harbor Point Village
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Keller Williams Lake | MLS # 4155238 | Active
637 Williamson Road -- 3 BR, 2.1 BA
Price: $669,000 (1602 sqft)
Complex: Harbor Point Village
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Century 21 Lawrie | MLS # 3920590 | Contract
18700 Nautical Drive -- 3 BR, 2 BA
Price: $665,000 (1397 sqft)
Complex: Commodores Landing
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KB Fisher & Co | MLS # 4131322 | Contract
637 Williamson Road -- 3 BR, 2 BA
Price: $659,900 (1563 sqft)
Complex: Harbor Point Village
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Berkshire Hathaway | MLS # 4145909 | Active
20407 Harborgate Court -- 2 BR, 2 BA
Price: $659,000 (1250 sqft)
Complex: Harborgate
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Berkshire Hathaway | MLS # 4141955 | Contract
1233 Torrence Circle -- 3 BR, 2 BA
Price: $635,000 (1401 sqft)
Complex: Davidson Landing
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Allen Tate SouthPark | MLS # 4152455 | Active
648 Portside Drive -- 2 BR, 2 BA
Price: $620,000 (1076 sqft)
Complex: Portside
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Allen Tate Lake Norman | MLS # 4158165 | Active
18563 Vineyard Point Lane -- 3 BR, 2 BA
Price: $599,800 (1252 sqft)
Complex: The Moorings
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EXP Realty LLC | MLS # 4129254 | Active
7827 Village Harbor Drive -- 2 BR, 2 BA
Price: $520,000 (1076 sqft)
Subdivision: Villages at Harborside
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Helen Adams Realty | MLS # 4157579 | Contract
315 Northwest Drive -- 2 BR, 2 BA
Price: $504,000 (1014 sqft)
Complex: Edgewater
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Coldwell Banker | MLS # 4144680 | Contract

Listings 1 - 20 of 32   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

Please Visit: Lake Norman Real Estate Blog

Sign Up: VIP Home Buyers Program

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