Tools You Need In A Competitive Housing Market

by Lauren Beichner

Marketing Specialist

4.20.2022
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Articles

We’ve spoken at length about how competitive the current housing market is and the importance of getting started on your path to homeownership.

From tailored loan products to great local realtors, there are lots of resources available to help you go from renting or owning to purchasing a new home.

At Coastal, we focus on three distinct, crucial tools: local loan officers, an in-house realty group that can help you find a house, and unique loan products.

Before you ever look at properties for sale (even though we know how tempting and delightful online listings are for all of us), we recommend partnering with a loan officer. This enables you to land on a budget, get the necessary documentation on-hand, decide on loan products, etc. Once a property has caught your eye, you have a tiny window of time to get in an offer. Cash offers and sight-unseen purchases are on the rise so it’s crucial to have your ducks in a row before going into bidding.

There are a variety of resources for finding a loan officer but working with someone local has big benefits. A local lender is intimately aware of home values, the purchase process, appraisal expectations, and the like. In addition to local knowledge, we have 28 mortgage loan officers located throughout our 16-county footprint, so you have access to in-person service as you navigate the market.

Because houses are selling so quickly, it’s crucial to work with a realtor who is committed to working on your schedule, is agile enough to respond when homes hit the market and has specialized knowledge of the area where you want to live. We work with realtors all over North Carolina. We have also gone the extra mile to have realtor resources closely connected to our business, Daymark Realty, who are highly educated on the specific products we offer and the local market.

Lastly, but easily most importantly, is using a loan product that fits your specific financial needs. Whether you’re a first-time homebuyer or are expecting to buy a fixer-upper that will include a lot of deferred maintenance, Coastal is dedicated to helping you find a product that works for you.

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