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7 Steps to becoming an Outer Banks Property Owner
1. Contact a broker to discuss your options and
goals.
Your real estate agent will happily explain your options
for investing on the Outer Banks at no cost or obligation
to you. Find a Realtor with whom you feel comfortable. Make
sure that they have the experience and knowledge that you
need to help you find a home and negotiate favorable settlement
terms.
2. Determine what type of property satisfies
your needs.
Browse through available homes on the internet and decide
if you are interested in a home, condo or lot. Spend time
driving to check out the neighborhoods and towns. Your real
estate agent will be able to provide answers to your questions
and helpful information as you become familiar with the
area.
3. Talk with a lender.
After talking with an Outer Banks lender, many people are
pleasantly surprised about what they can afford and how
easy the loan process can be. This is a key step in determining
which price range to focus your property search. When making
an offer, pre-qualification with a lender is an unwritten
requirement in this market.
4. Choose your home.
This is the most exciting step for most families. Meet with
your real estate agent to clarify your goals and he/She
will find a selection of properties that will satisfy your
needs. You and your agent can efficiently analyze many properties
and focus your search quickly in the office. Your agent
will set up appointments to see selected homes that meet
your needs. Your agent will help you by providing as many
details as possible about the properties.
5. Reach an agreement with the sellers.
When you locate the right home, your real estate agent will
prepare the required paperwork to ensure that no one else
can buy the property. This will protect your interests as
the home is inspected and financing is secured.
6. Complete the details.
Your real estate agent will take the necessary steps to
ensure a smooth transaction. Your agent should help you
have your home inspected and appraised and will work with
your lawyer, insurance provider and banker to coordinate
all of the details that must be completed before closing.
Your agent will keep you informed and give you options and
advice every step of the way.
7. Bring your beach towels!
Most Outer Banks buyers and sellers are not actually present
at their closing; they normally sign their paperwork and
mail it to their attorney from their home. The next time
you cross the bridge onto the island, you will be an Outer
Banks homeowner!
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