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 72   next

21112 Rio Oro Drive -- 2 BR, 3 BA
Price: $1,065,000 (2476 sqft)
Subdivision: Bahia Bay
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John Torres | MLS # 3938146 | Active
110 Cullen Place Lane -- 3 BR, 2 BA
Price: $750,000 (1000 sqft)
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Cynthia Team | MLS # 3936994 | 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
17240 Connor Quay Court -- 6 BR, 6.3 BA
Price: $9,900,000 (12042 sqft)
Subdivision: Connor Quay
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RE/MAX EXECUTIVE | MLS # 4002734 | Active
18000 Whispering Oaks Drive -- 5 BR, 5.4 BA
Price: $7,500,000 (7308 sqft)
Subdivision: Point Largo
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Nestlewood Realty, LLC | MLS # 4002519 | Active
8394 Ranger Island Marina Road -- 7 BR, 7.1 BA
Price: $6,500,000 (6692 sqft)
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Nestlewood Realty, LLC | MLS # 4007345 | Active
17815 Largo Place -- 5 BR, 5.2 BA
Price: $5,750,000 (6225 sqft)
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Fathom Realty | MLS # 4005759 | Active
103 Saylors Watch Lane -- 4 BR, 5.2 BA
Price: $5,495,000 (6370 sqft)
Subdivision: Saylors Watch
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Coldwell Banker | MLS # 4005600 | Active
16339 Jetton Road -- 4 BR, 4.5 BA
Price: $4,750,000 (6719 sqft)
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Puma & Associates | MLS # 3938150 | Active
16746 Belle Isle Drive -- 6 BR, 6.2 BA
Price: $4,700,000 (7544 sqft)
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Ivester Jackson | MLS # 3923200 | 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
16446 Pinwhenny Road -- 5 BR, 5.2 BA
Price: $4,400,000 (6280 sqft)
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Ivester Jackson | MLS # 4009623 | Active
2820 Camden Pointe Drive -- 5 BR, 4.1 BA
Price: $4,000,000 (4509 sqft)
Subdivision: Lakepointe South
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Lake Homes Realty LLC | MLS # 4008136 | 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
16824 Flying Jib Road -- 7 BR, 7.4 BA
Price: $3,750,000 (7572 sqft)
Subdivision: The Peninsula
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Carlyle Properties | MLS # 4007177 | Active
251 Gainswood Drive -- 4 BR, 3.1 BA
Price: $3,500,000 (4514 sqft)
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Coldwell Banker | MLS # 3931842 | Active
720 Isle Of Pines Road -- 4 BR, 6 BA
Price: $3,500,000 (4173 sqft)
Subdivision: Isle of Pines
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Ivester Jackson | MLS # 3925005 | 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
19241 Hidden Cove Lane -- 6 BR, 5.1 BA
Price: $3,179,000 (5666 sqft)
Subdivision: The Peninsula
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Yates Realty Inc | MLS # 3914127 | 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 72   next

LKN Waterfront Condos for Sale

Lake Norman condos

Listings 1 - 19 of 19

637 Williamson Road -- 3 BR, 2 BA
Price: $569,900 (1634 sqft)
Subdivision: Harbor Point Village
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Mark Goodnight | MLS # 4004102 | Contract
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 | Contract
18635 Harborside Drive -- 3 BR, 2 BA
Price: $735,000 (1381 sqft)
Subdivision: Harborside
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Coldwell Banker Realty | MLS # 4009815 | Active
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
18631 Harborside Drive -- 3 BR, 2 BA
Price: $699,000 (1417 sqft)
Subdivision: Harborside
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Keller Williams | MLS # 4006184 | Contract
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
18651 Vineyard Point Lane -- 3 BR, 2 BA
Price: $650,000 (1313 sqft)
Complex: The Moorings
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Divine Living Real | MLS # 4008375 | Contract
18709 Nautical Drive -- 3 BR, 2 BA
Price: $635,000 (1130 sqft)
Complex: Admirals Quarters
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Helen Adams Realty | MLS # 3930075 | Active
17810 Half Moon Lane -- 3 BR, 2 BA
Price: $634,000 (1421 sqft)
Complex: Half Moon Bay
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Select Premium | MLS # 3929257 | Contract
1206 Torrence Circle -- 3 BR, 2 BA
Price: $599,900 (1390 sqft)
Complex: Newport
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Lake Realty powered | MLS # 3940114 | Contract
17768 Kings Point Drive -- 3 BR, 3 BA
Price: $520,000 (2046 sqft)
Complex: Lakeridge
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Helen Adams Realty | MLS # 3931090 | Active
107 Pier 33 Drive -- 3 BR, 2.1 BA
Price: $480,000 (1465 sqft)
Complex: Pier 33
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Lake Realty powered | MLS # 4011432 | Active
107 Pier 33 Drive -- 3 BR, 2.1 BA
Price: $440,000 (1494 sqft)
Complex: Pier 33
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Annabelle Realty, Inc | MLS # 3934225 | Contract
18697 Vineyard Point Lane -- 2 BR, 2 BA
Price: $349,900 (875 sqft)
Complex: The Arbors
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ERA Live Moore | MLS # 3940074 | Active
18845 Vineyard Point Lane -- 2 BR, 2 BA
Price: $349,527 (891 sqft)
Complex: Dockside
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Keller Williams Lake | MLS # 3896806 | Active
20101 Henderson Road -- 2 BR, 2 BA
Price: $335,000 (1204 sqft)
Complex: Windward
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Ivester Jackson | MLS # 3921726 | Active
20105 Henderson Road -- 2 BR, 2 BA
Price: $325,000 (1022 sqft)
Complex: Windward
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Mossy Oak Properties | MLS # 3926261 | Active
19905 Henderson Road -- 2 BR, 2 BA
Price: $319,000 (1015 sqft)
Complex: Windward
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Carolina Real Estate | MLS # 4000958 | Active
19827 Henderson Road -- 2 BR, 2 BA
Price: $280,000 (1103 sqft)
Complex: Windward
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Southcreek Inc | MLS # 3936903 | Active

Listings 1 - 19 of 19

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

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