Tuesday, March 6, 2012

Deep Creek Lake Home Buying Tips You Won't Want to Miss!

The spring season is a beautiful time of year on Deep Creek Lake and we’re beginning to sense the excitement of the changing seasons.  As the activity around Deep Creek Lake grows with added outdoor events and things to explore, buyers find their way to Deep Creek Lake to scope out potential vacation homes or permanent residences. 
Here on Deep Creek Lake, there are a wide variety of homes from which to choose and chances are you’ll fall in love with a few of them.  If you’re interested in buying a Deep Creek Lake home this spring; you won’t be disappointed!  As the team here at Coldwell Banker Deep Creek Realty, we’re always excited to show the homes that are currently on the Deep Creek Lake Real estate market and to work with buyers throughout the entire home buying process.  
Buying a home, especially if it’s a second home, is a large decision and we always try to make sure our clients are fully prepared to take that next step.  Whether you’re relocating to Deep Creek Lake or looking for that ideal vacation home to enjoy on week long getaways; we’ve gathered a few tips for buying a Deep Creek Lake home that you’ll want to consider.
1. Think Long-Term- When buying a home in today’s market, you want to plan for the future. Consider your purpose for buying a Deep Creek Lake home.  Is it an investment property for you and your family to enjoy for years to come?  Are you using it as a vacation getaway?  Whatever your use for the home, you want to plan to own the home for a minimum of three to five years.

2. Research and Take Advantage of Low Rates- Many lenders are encouraging buyers to lock in a long-term loan, such as a 30-year mortgage, to ensure taking full advantage of the historically low interest rates. An adjustable rate mortgage can work for some buyers, but you’ll want to discuss with your Deep Creek Lake Real Estate agent which option is best for you.

3. Be Prepared to Make an Offer- Before you even begin searching for a Deep Creek Lake home, you’ll want to get pre-approved for a loan. This not only helps you determine your home buying budget, but will make the process run much more quickly once you’re ready to make an offer. This will also force you to get your credit in order and gives you the opportunity to correct any credit issues before entering the Deep Creek Lake Real Estate market

4. Find a Recommended Deep Creek Lake Real Estate Agent- Having the right agent journey with you through the home buying process will make all the difference. Conduct research online or talk with family and friends to get their recommendations. You’ll want to find an agent who has experience in the Deep Creek Lake Real Estate market and with whom you feel you can work with for however long it takes for you to find your Deep Creek Lake home.

5. Live Within Your Means- This is a lesson that our country seems to be learning collectively. We’ve seen the damage that can come from buying homes we can’t afford and digging ourselves further into debt.  Buying a Deep Creek Lake home that fits your budget as it stands now will give the home a chance to appreciate. In the long run, your finances will be healthier and you’ll more than likely be able to afford your dream home next time around.
Buying a Deep Creek Lake home can be a fun and stress free process if you’ve taken the time to determine your budget, needs, wants and goals.  If you aren’t sure where to begin, we’d love to talk with you and give you the guidance needed to have a successful home buying experience.
Feel free to contact us today with any questions or to get started! 
Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

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