Are you looking to purchase a new home in Cary, NC? There are many things to consider before making the final purchase. In this article, we’ll discuss Single-family homes, Townhomes, and New Construction. We’ll also touch on grant programs for first-time homebuyers. And, if you need any help financing the purchase, we’ll go over the basics of applying for first-time homebuyer tax credits.
If you want to buy a townhome in Cary, NC, you’ve come to the right place. This fast-growing area is known for its master-planned communities. Townhomes in this area offer a low-maintenance lifestyle and can be an ideal first-time home purchase. To learn more about buying a townhome in Cary, NC, keep reading! Here are some tips to get you started. Read more about Cary NC homes here.
First, get a home inspection. A certified North Carolina home inspector can tell you about any damages or defects in the home. Another thing to look for is radon and termite damage. Luckily, new constructions are treated for termites and usually come with a one-year warranty. Still, it’s always a good idea to have one performed to ensure that everything is in working order.
The real estate numbers in Cary are higher than the national average. More than 90% of the population owns a home, whereas only a small fraction of the population rents a home. There are plenty of rental properties located within the city, but most of these are far removed from the city’s central business district. The older homes in Cary offer many unique details that make them stand out from the crowd.
The median price for single-family homes in Cary is $179,800, according to an AreaVibes poll. While monthly prices can be misleading, long-term median prices are better understood. In a single month, median prices are only three months old, so looking at a year’s worth of data will help you determine where a home is worth. In addition, median prices in Cary are updated weekly, which gives you an idea of when home prices will be higher.
If you are looking for a home in the Triangle area, you may be wondering how to buy a new construction home in Carry. This fast-growing city has a population of 166,000, and construction has increased by more than 50% in the past decade. New construction homes are often part of a master-planned community, and are built to the latest codes and specifications. However, there are many benefits to buying a new home.
The average new construction home in Cary, NC is listed for $549,949. As of May 2017, there are 88 listings of new construction homes in Cary. The area is surrounded by Raleigh, Durham, Apex, and Chapel Hill. If you are looking for a new home in a desirable neighborhood, Cary is an ideal choice. Many people are moving to the Triangle area for jobs and other reasons.
Grants for first-time buyers
For people who cannot afford a down payment, there are several options to help them make the purchase. A zero-interest second mortgage has no monthly payments and is forgiven after five years of ownership. Down payment assistance grants can be as much as $15,000, with certain qualifications. These programs are administered by nonprofit organizations that offer free advice and counseling to first-time buyers. Here are some of them:
There are several types of government assistance available to first-time home buyers. Many are government-funded and are known as first-time home buyer grants. If you have never owned a home before, meet certain income requirements, and have rented for at least three years, you may qualify for one. The application process for most grants is similar. The most important considerations to make are your income level and the number of people living in the home.