The Outer Banks can present unique challenges when it comes to purchasing a home or property. That’s why you need an experienced, dedicated professional familiar with the area to guide you through the purchasing process.
Coldwell Banker Seaside Realty simplifies the home/property buying process and has the tools you need to make the transaction a smooth one. If you're also selling a home, be sure to check our Seller's Section for tips.
Step 1: Get started by searching for a home via our online property search. The Coldwell Banker Personal Retriever saves properties you have selected and e-mails you when new homes which meet your criteria become available.
Your Coldwell Banker Seaside Realty sales associate can provide detailed information on almost any property currently listed for sale. This includes Coldwell Banker Seaside Realty listings as well as all other real estate broker listings on Multiple Listing Service. In addition, your sales associate can also provide information on homes that you see advertised for sale in the newspaper or online. This includes information on properties that are advertised "For Sale by Owner." Your Coldwell Banker sales associate is the only resource you'll need.
Step 2: Have some properties that you would like to view? Just contact your Coldwell Banker Seaside Realty sales associate to begin the home-buying process. If you are not already working with a Coldwell Banker Seaside Realty sales associate, just click on Sales Associate Search, to be contacted by a professionally-trained, experienced agent. See our Buyer Services Guarantee to find out more about the services we provide.
During the home search process, it is important to get pre-approved for a mortgage. Your sales associate will put you in contact with Mid-Atlantic Mortgage, our in-house mortgage company. Although pre-approval is not a final loan commitment, the pre-approval letter will demonstrate your financial strength and ability to go through with the purchase when you are ready to make an offer.
Step 3: Congratulations on finding your perfect home! The next step is to instruct your sales associate to make an Offer to Purchase. If the offer is not acceptable to the seller, further negotiations may be necessary to reach terms agreeable to both buyer and seller. Because counter-offers are common (any change in the offer can be considered a counter-offer) it is important that you remain in close contact with your Coldwell Banker Seaside Realty sales associate during the negotiation process to make sure proposed changes are reviewed and responded to quickly.
Step 3: Under Contract – Once you have a contract signed by both buyer and seller you will need to:
- Apply for your mortgage if you have not already done so. Lenders need time to complete all the paperwork, so it is important to take care of this in a timely fashion.
- Choose an attorney to handle your closing. If needed, your sales associate can provide you with a recommendation. Your sales associate and attorney will work together to guarantee that all necessary inspections are made.
Throughout the transaction, and with the assistance of your sales associate, you will need to closely monitor the progress of your mortgage and any other inspection or contingency deadlines to make certain that all deadlines are met. On the day of closing, you will have a "final walkthrough" with your Coldwell Banker sales associate to make certain that the house is left in good condition and has been thoroughly vacated.
Step 4: Closing - The closing will take place in your attorney’s office. Your sales associate can attend the closing if you would like her/him to be present. Attorney’s can also mail all paperwork to you so that you do not have to be present in the office. This service is very convenient for out-of-town buyers. All necessary paperwork will need to be signed and returned to your attorney in order to complete the transaction. Once both parties have signed the paperwork, it will be taken by the attorney to be recorded in the county records. Once it has been recorded, your sales associate will make arrangements to give you the keys to your new home!
After closing has occurred, don’t hesitate to contact your sales associate with any questions or concerns.
For other relevant articles on home buying and selling, visit our Resource Center.