Things to Know Before You Buy Your First Beach Home

I’d really like to buy a beach home. What’s the first step?
The first step in buying any home is to secure a Realtor, such as CB Sloane Realty to assist you in the home buying process. We will be there from the start to when you become the proud homeowner and move into your new beach home. We can help you find the home of your dreams whether it’s in Ocean Isle Beach, Sunset Beach or the surrounding areas because we love making dreams come true! Putting people into their dream homes is what we do best and we have many beach homes for sale that you’re sure to love.

How do I go about finding a mortgage?
Your first stop will be at the financial institution where you have a history of doing your banking, whether that is a bank or a credit union. In addition to those, there are also mortgage companies that specialize in providing mortgages. Compare the interest rates being charged between the various financial institutions to get the best rate on the type of mortgage you want.

How do I know how much I can spend on a new home?
When you meet with a mortgage loan officer they will ask you for detailed information about your past and current financial situation. Using factors such as the ratio of debt to income, assets, and liabilities, they will determine the highest amount they are willing to lend you. This amount will be the high end of your range. It’s always a good idea to shop below that figure to give yourself breathing room in your budget.

While home property inspections are not mandatory in North Carolina, it’s always a good idea. This is a safeguard in place for both you and your mortgage lender so you know exactly what condition the property is in that you’re considering. It’s smart to make your offer contingent on what a property inspection uncovers, if anything.

When you’re ready to look at some beach homes for sale in Ocean Isle Beach, Sunset Beach or the surrounding areas give CB Sloane Realty a call at 910-579-1808 or 910-579-6500 and we’ll help you find the perfect home for you and your family. We have a vast inventory of properties waiting for new owners just like you and we’d be happy to show you any of those that interest you.

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