Deciding to purchase property can be overwhelming. Having an experienced Outer Banks Real Estate agent guide you through the process to help manage all the moving parts of the transaction can provide peace of mind and security in knowing that you are fully aware of all the ins and outs of buying Outer Banks Real Estate. These simple tips will help to prepare you to purchase coastal property in the Outer Banks. If you have additional questions or need clarification, don’t hesitate to contact our sales department at 252-261-4444 or email us.
Getting pre-qualified is the first and most important step in purchasing property. This step helps to determine price range, down payment, and ease of obtaining funds for your purchase. Once you discover your buying power, you can narrow down properties that fit your specific needs financially. We have great relationships with local lenders who have helped hundreds of our buyers in obtaining financing. Mortgage Calculator >
DETERMINE TOP FIVE NEEDS
Now that you have determined price range it’s time to narrow down the top 5 most important elements you are looking for in a property. Is this an investment property, 2nd home or primary home? Are you purchasing for investment now, retirement later? If so, could you see yourself living in the home full time? How close do you want to be to the beach? How many bedrooms do you need? Baths? Are you willing to fix up a property or do you need a turn key product? How soon would you like to buy? Once you’ve asked yourself these questions make a list of the top five elements and share them with one of our Outer Banks Real Estate agents. This process not only helps the Realtor working with you but also helps you stay focused on what your short term AND long term needs are when purchasing beach property. Submit an Inquiry Form >
Since you have determined your price range and needs, now is the time to find an agent to represent you and guide you in your purchase. To fully understand agency, read our WWRE agents brochure which fully explains what a buyer’s agent, seller’s agent and dual agent is. It is important to understand agency so you are fully aware of whom represents whom in your transaction.
Search all the Outer Banks Real Estate properties available in the Outer Banks on our MLS Home Search page. Since you have set parameters for yourself (price range, location, # of Bedrooms, etc) this step is that much easier. Once you have found properties of interest, you can have your agent gather more information to determine if the property is right for you. Be sure to check out the FAQ page on this site, it will answer many questions you have about buying property here.