Lake Keowee Homes: A Guide for Real Estate Buyers
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” –Franklin D. Roosevelt
Buying your dream house or even a vacation home is not at all that easy. Specifically, if you are among the first-time real estate buyers. You might get incomplete or incorrect information from a misinformed source and end up wasting your savings on a property that lacks the potential to provide you with your desired outcomes. Lake Keowee Homes is potentially one of the most beautiful and safe real estate investments in the region. Lake Keowee Homes offers real estate buyers multiple recreational activities to do. Whether you’re outdoorsy and want to carry out funfilled activities with your friends and family, or you’re a loner looking forward to delving in the scenic views, Lake Keowee Homes is just the place to be.
Real Estate Buyers can enjoy a variety of recreational activities when at Lake Keowee Homes. Some of this include:
- Multiple Boat rentals
- More than 25 Boating Hotspots
- Over 10 Camping sites
- 14 Golf Courses
- Hiking/Biking Trails
- Multiple White Water Rafting Spots
- 15 Historic sites
- Lake Access Points
- Health Spas
- Zoos and Aquariums
The list doesn’t end there; Lake Keowee Homes offers Real Estate Buyers with multiple state-of-the-art life necessities like schools, hospitals, airports, etc.
The process of buying your dream home can be complicated; that’s why we’ve created this step by step guide to help you.
Beginning The Process
To start the process, first you need to decide that you want to buy a home, then map out your budget and get a hold of your finances. If you’re going to finance your home, ask yourself how much can you spend on your purchase and what can you put down as a down payment.
Budgeting helps you decide your price range and allows the Top Gun Realtor to show you Lake Keowee Homes according to your budget.
Getting a Pre-Approval for Mortgage
The first and foremost thing that Real Estate Buyers should do is to get pre-approved for a mortgage. However, for that, you need to find a mortgage broker or a lender. To further streamline the process of getting your dream house, Top Gun realtors suggest that you get a pre-approval for your mortgage before looking at Lake Keowee Homes. Sometimes getting pre-approved is not necessary, but it’s still a good idea as it strengthens your offer. Getting your mortgage pre-approved will give you a good idea of the amount of your mortgage loan. That doesn’t mean you’re supposed to find a house at the top of what you can afford. It just means you can apply for it. The pre-approval will decide the price range of the homes you’re looking for, along with your budget and what you’re ready to spend every month.
There are several kinds of mortgage available in the market, such as a fixed-rate mortgage, adjustable-rate mortgage, interest-only mortgage; A fixed-rate mortgage is best suited for long-term buyers.
Here are a couple of rules that Real State Buyers must follow to acquire a mortgage without any hiccups:
- Don’t change your employment status when applying for a mortgage.
- Avoid financing expensive items such as cars, furniture, etc.
- Maintain a good credit score
- Don’t miss your credit cards’ payment
- Be honest about debt and liabilities.
- Co-signing a loan is also a bad idea.
- Avoid switching bank accounts.
- Most importantly, safeguard your closing budget.
Additional Property Costing
There are additional costs other than that Real Estate Buyers must keep in mind when selecting a house from Lake Keowee Homes, the extra cost may be required for,
- Inspection of your home
- Appraisal for the property
- Property taxes to be filed
- Charges to be paid to the attorney
- Lender points to be paid and other fees required at the time of closing
- Rainy day funds for unexpected repairs to the house
Selecting the Perfect Location
Location is one of the primary ways of determining the value of a property; you can compare the price of the house built on the same design and square footage in two different locations, and you’ll be able to see the price difference. To safeguard your investment and to make sure that you live in a safe neighborhood, research an area that suits you best. We suggest Lake Keowee Homes for Real Estate Buyers looking for a more reliable investment option. As mentioned earlier, Lake Keowee Homes is the ideal location for you and your family, as it offers multiple hotspots. Click on the link to get the details about everything that Lake Keowee Homes has to offer.
The Right Time to Buy
Determining the right time to purchase property is essential for Real Estate Buyers. Most of the realtors agree that the best time to house hunt is spring because the yards are filled with colorful flowers making homes look more appealing. The seller knows that their property can attract buyers more easily during springtime. Realtors at Top Gun suggest that you choose winter to buy property at Lake Keowee Homes. On Lake Keowee, summertime is always joyful and fun, but winter has its fruits to offer as you can enjoy multiple activities, both indoor and outdoor with your friends and family.
One of the best things about winter at Lake Keowee Homes is that you won’t get stuck at your home. The nature and the scenery in and around Lake Keowee, South Carolina, are overflowing with beauty at all times, especially in the “dead” of winter. Scenic driving routes and trails will take you through and around lakes, rivers, waterfalls, mountain ranges, state parks, and more. If you have a home on Lake Keowee, you can even enjoy the natural scenes that the land has to offer from the warmth and comfort of your home. There’s nothing quite as blissful as watching a sparkling snowy and mountainous horizon across a gorgeous icy lake all from the comfort and warmth of your Keowee Lakehouse.
Laurel Fork Falls, located at the head of a cove off the northwestern tip of the Toxaway arm of Lake Jocassee is a waterfall viewing area that you can easily access via a boat ride or through hiking. We’d suggest that you take a boat ride if you’re not a fan of cold temperatures. Waterfalls bring a different beautiful aesthetic in the winter than they do in the spring, so get out there and don’t miss the winter beauty!
Lake Keowee offers multiple recreational sports or activity including,
- College/ Major League Sports: College sports are the most significant hype around Lake Keowee, and property owners host football parties in their homes during the winter sports season. The Clemson University Tigers Football team and the University of South Carolina’s Gamecocks have the most popular fan base around Lake Keowee. The NFL’s Carolina Panthers, the NBA’s Charlotte Hornets, and the NHL’s Carolina Hurricanes are the top major league teams in the area.
- Fishing competitions: Lake Keowee is home to a variety of fishes like bluegill, bass, crappie, brown, and rainbow trout. Homeowners can fish from their property for recreation and can take part in winter bass fishing tournaments that take place on Lake Keowee.
Choosing the right Agent/ broker
Selecting a reliable real estate agent is the next step for Real Estate Buyers. We suggest consulting Top Gun Realty, as their team has over 27 years of experience in dealing with Lake Keowee Homes. They know the ins, and out of this area and are well known for their competence and their customer-centric business model. You can check out their costumers’ reviews to know more about their work ethic. They can find you a house that perfectly suits you, keeping your budget in mind.
Visiting the Property
After narrowing down your Lake Keowee Homes choices, Real Estate Buyers can take a Top Gun Realtor with themselves to visit their favorite houses, and they can provide you with all the details you need. You can note down the features that you like about a listing, making it easier for you to choose from your favorites. Creating a numbered list of the houses you like most is a good idea as it makes it easier for you to select your favorite.
When visiting a home, visualizing yourself living there is an extremely efficient way to decide if you want to buy or not, you can do that by;
- walking through each room,
- sitting in different parts of the house,
- Picturing yourself doing things from your daily routine, such as having morning coffee,
It’s important not to get sidetracked by smaller items that you can easily change, such as wall paint, carpeting, lawn design, backyard, etc.
Submitting Your Offer
After choosing your pick from the Lake Keowee Homes, the next step is to make your offer. Real Estate Buyers are always interested in reliable investment options; that’s why you must act fast when submitting your proposal. It is essential that you are prequalified to make your offer so that as soon as you find your dream home on Lake Keowee, you are ready to sign a contract. A Top Gun Realtor can guide you about the price of the home you chose so you can get the value of your money. Negotiating is a normal part of making a deal when buying a house, and can go back and forth a couple of times until both parties reach an agreement. When making your offer, don’t drop your offer extremely low as it might turn off the seller and deprive you of getting your dream house.
Once the offer is final and both parties have agreed upon it, a legal and binding contract will be executed. You’ll also need to make an advance payment, which will go into escrow. Keep in mind that the higher the deposit, the more serious your offer will be taken by the seller. Usually, the earnest/advance deposit is held by a third party until you finalize your inspection.
Prepare for Closing
The final steps of buying a house is a survey, title search, and inspection. If you’re not paying cash, then you’d have to wait 4 to 6 weeks until your finances are finalized. During this process of investment, you might be needed to prove your finances multiple times. An easy way to remember the requirements for that is to keep the “2” in mind as you’ll be needing two years of tax return information, your pay stubs of two months, and two months of your bank statements. The lender might even contact your employer to verify the provided information, once your lender assures that you’re qualified, they’ll approve your loan and clear you to close. Each lender has a different set of policies, that’s where Real Estate Buyers can rely on their Top Gun Realtor, to guide them about the information required by the lender to close the deal on their selected Lake Keowee Home. Mostly you’ll need to wire your funds to the title company in advance after proving your identity. Once the seller has moved out, a day before your closing date, you’ll give your home a final visit along with your Top Gun Realtor for inspection to make sure that everything is according to the contract, seller’s personal belongings have been removed, and there are no damages to the property.
Closing typically takes up to 3 business days after Real Estate Buyers get the green light from the lenders. Usually, a day before closing, you’ll transfer all the funds required to close the deal to the title company. Closing day activities are to finalize the mortgage, payment of closing costs, and payment to the seller. Once the deal is funded and closed, you’ll get the ownership of the home immediately or in X number of days depending on the terminology of the contract, and can now move into your new neighborhood of Lake Keowee Homes.