Issues with Buying Birkdale and Birkdale Village Homes

When we speak of the real estate economy, the media uses national statistics but what's important is what is going on locally. On the other hand the stock market is based on the national or even the world economy. The real estate markets are based on local or even micro-local economy. What is happening in LA may not directly affect what is happening in Huntersville.

What affects all real estate markets together are the interest rates. There is no single barometer to measure the entire housing industry in US.

So, while statistics calculations and economic factors are relevant, equally important is using one’s common sense. We must keep our eyes wide open and take a look around and see what is happening. Talking to your Birkdale and Huntersville real estate agent, and lender in a particular area can be a big help to access a market.

These are certain issues one must consider while dealing in real estate.

Secondly, real estate agents provide information about utilities, zoning, schools and much more. Two common issues a buyer faces while buying (and should be answered by his/her agent)are:

i. Will the property provide the right environment we want for a home?
ii. Will the property have a good resale value when we are ready to sell?

Another important issue that any buyer/investor faces is the legal issue. Real estate laws vary from state to state. One must make sure the Huntersville area agent they choose is very fluent in the real estate laws in North Carolina. Our transactions are different from those in NY or FLA, so agents and consumers should discuss the differences.

The important issue of finance. We must know our financial reserves plus our borrowing capacity. If we know about our current savings, income and debt, then we can take help from lenders; banks and mortgage companies, which offer some choices according to your financial capability.

There is the issue of rebates on transaction fees. North Carolina allows rebates of commissions or fees on real estate transactions but however, agents are required to disclose all income to the client.