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Located in Iredell County, North Carolina, Mooresville is a charming town with a rich car racing history and vibrant community. The city was named after John Franklin Moore, who founded it in 1873. It is a lovely town with tons of indoor and outdoor attractions, a rich housing market, and a booming economy. Mooresville, also known as Race City, hosts IndyCar and NASCAR races every year. If you are considering moving here, here is a checklist for investing in Mooresville, NC, real estate.
Plan Your Finances
Having represented hundreds of homebuyers like you, Mooresville NC real estate agent Erin Ficenec believes getting your financial affairs in order before you start looking for a home is pertinent. You need to get a pre-approval for a mortgage, which will boost your bargaining capacity and show sellers you are serious. To do this, shop for lenders and have the best one run your credit. They should tell you what kind of mortgage you can afford and at what rates.
Consider All the Costs
Once you know your financial ability, you can start looking for a home within your budget. First, consider home sale prices. In Mooresville, homes sell for a median price of $475,000 (2024), but this price will vary depending on the type of home and the neighborhood. You also have the option of renting a house, which, in this town, costs between $1,600 and $3,780 a month on average.
Second, consider all other costs involved in buying a home, including moving fees, utilities, property taxes, and other closing costs. Try not to overshoot and saddle yourself with a crushing monthly bill that will impede your enjoyment of your new home. Third, consider the cost of living in Mooresville, which, while relatively affordable, is 7 percent higher than the national average.
Hire a Real Estate Agent
All these considerations can make the home-buying process a headache, so your next job is to hire a real estate expert. Depending on your financial ability, an agent or realtor can help you evaluate your options and introduce you to the market. Agents are usually familiar with the community and can lead you to the proper neighborhoods, depending on how you want to live and how much you want to spend. Moreover, they have a network of experts, including lenders and inspectors, who can make your home-buying journey smoother.
Hire a Home Inspector
Your real estate agent will grant you access to exclusive listings of homes for sale in Mooresville and help you find options that meet your needs. After a couple of in-person walk-throughs, leverage their network to find a reliable home inspector to assess the condition of the property. You want to buy a home that will increase in value over the years and is ready to move into with minimal to no repairs. If you find significant problems but are still committed to the house, your agent can work the inspector’s findings into your offer.
Start Looking at Homes for Sale in Mooresville with Erin Ficenec
Buying a new home in North Carolina involves more than looking at homes for sale in Mooresville. Whether you are a first-time buyer, investor, or seasoned homeowner, nothing will streamline the process more for you than hiring an expert. Contact luxury real estate agent and marketing specialist Erin Ficenec today to get started.
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