It’s a new year on North Carolina’s Crystal Coast and for many, that signals a fresh start in terms of homes. Perhaps you’ve been thinking of selling your current property in Atlantic Beach, Beaufort, Emerald Isle, Morehead City, Havelock, Newport or are ready to purchase your first home or vacation home in Coastal Carolina— no matter which scenario, there are a few steps to take to ensure you’re on the right track!
Below are three important milestones to tackle before buying a home on the Crystal Coast:
Set up a down payment fund
If you’re not planning to sell a current property you own to use toward your down payment, it is wise to set up a down payment fund. This is commonly seen as one of the biggest obstacles to homeownership, so why not automate it to ensure it happens every month? If you never see the money, you won’t be tempted to spend it elsewhere and can put it directly toward your new home!
Keep your credit clean
Before you buy a home in Atlantic Beach, Beaufort, Emerald Isle, Morehead City, Havelock, Newport or the surrounding communities, you will want to make sure your credit is well-groomed. Now is not the time to fall behind on bills or other debt payments like credit cards or auto loans. Lenders will like to see that you are able to pay down debts before approving you for a mortgage.
Stick to a budget
Living on a budget will allow you to save more toward your down payment and future Crystal Coast NC home. Make a budget, writing out your monthly expenses and income, and identify where you can cut back. Perhaps cutting out your gym membership in favor of working out at home will allow you to put that money into your down payment fund! Every little change will help you reach your dream home faster!
Ready to make the leap and purchase your piece of the Coastal Carolina dream? Do not hesitate to contact Gena Gilbert Real Estate with any questions about the local market, available properties or the buying process!
We look forward to hearing from you!