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First Time Home Buyers

first time home buyers charlestonThe Charleston real estate market is seeing a wave of first time buyers taking advantage of low prices and interest rates. If you’re currently renting a home in our local market you’ll find that renting is about the same price as buying due to the home prices and mortgage rates that we've seen so far this year.

You can learn more about our home building process on our website, or read below some of the most frequently asked questions we get from first time home buyers.

When should I talk with a lender?

We’ve partnered with some of the best lenders in Charleston in order to make financing your home as easy as possible. It’s important to get pre-approved before you start looking at homes so that you know what price range you should be using for your search. You don’t want to fall in love with a home that you can’t afford, which is why it’s so important to know your numbers before you look.

How do I know how much I can afford?

buying a home in charlestonDon’t overextend yourself with your first home! If you’re currently renting, you’ll already know how comfortable you are paying a certain amount each month for housing costs. So, your rent amount is a good starting place for determining your monthly budget. Most lenders include taxes and insurance in their monthly mortgage payments, so in most cases an HOA fee and termite bond are the only additional costs you’ll be paying when you own a home versus renting a home. If you have any questions at all about mortgages – or if you want to get the specifics of how much you can afford based on your income, work history, and debt-to-income ratio – contact one of our preferred lenders!

Do you offer incentives for first time home buyers?

One great benefit of working with a builder is that we often offer incentives for our clients!

How long does it take to build a new home?

We’ve included all of the homes that are ready for move-in on our website. Most of these can close within 30 days. If you’re wanting to pick out your lot, floor plan, features, and upgrades, this process usually takes about 5 months.

How much money do I need to close on a new home?

purchasing a first homeAfter your contract has been ratified (meaning both the sellers and buyers have signed and agreed to the terms and price of the contract), you’ll write a check for an earnest money deposit. This amount will be placed in an escrow account and will be credited to you at closing. Usually earnest money deposits range from $1,000 to $3,000, but there is no standard amount. About a week later, you’ll also need to pay for a home inspection, which usually costs $300 to $350 depending on which inspector you choose. At closing, you’ll make a down payment that goes towards your home mortgage. This amount is usually 3-5% of the purchase price of your home. (Your lender will talk with you about different financing options and can recommend loans that require the lower end of this range.) Additional closing costs include an appraisal, attorney fees, origination fees, flood certification, and credit fees. Total, these generally make up about 3% of the purchase price of your home. (You can also ask the seller/builder to pay some of these closing costs.) Your lender will be able to estimate your down payment and closing costs based on which home you purchase. This way you’ll know approximate costs before you make an offer on your new home. You’ll need to bring this amount to closing either by wiring the funds or getting a certified check (this preference depends on the closing attorney). The bank you currently use for checking/savings should be able to wire the amount or print a certified check for you.

If you have more questions about the home buying process, call or contact us!

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My superintendent could not have done a better job. Al took my home and our satisfaction personal. That is hard to find this day and time.

Jan 24, 2017 in Ravenel , SC

They were very helpful in explaining everything they did

Jan 18, 2017 in Moncks Corner, SC

I was satisfied with how they went above and beyond to make sure I was satisfied. They did little things like cap the lights in my garage.

Nov 29, 2016 in Goose Creek, SC

Fantastic!!! Kristen was very knowledgeable and a great asset to your team. Jake was responsive and easy to contact and willing to help. Both Kristen and Jake were great communicators so it was a very pleasurable experience.

Aug 23, 2016 in Goose Creek, SC

I was most satisfied with everybody who was there. They were great, answered all of the questions, and they were honest with any situation that arose. They were punctual. Overall the service was great!

May 09, 2016 in Ladson, SC

Thank you for building such a wonderful home for our family.

May 06, 2016 in Summerville, SC

I was satisfied with the entire experience, from picking out the lot to the work.

Oct 13, 2015 in Moncks COrner, SC

We have already recommended Hunter Quinn and the person we recommended them to is currently building a home.

Oct 13, 2015 in Moncks COrner, SC

I have been a Realtor for 5 years and this has been my best new home transaction of all. I never felt like anything was short of my expectations.

Sep 23, 2015 in Moncks Corner, SC

Customer service. Kristen was amazing and I have taken several other buyers there that thought the same thing.Jamie has been wonderful. I always felt bad everytime I had a question as I didn't want to bother him, but he never made me feel…

Sep 23, 2015 in Moncks Corner, SC

They were very professional and courteous. My house looks great.

Aug 06, 2015 in Moncks Corner, SC

I was most satisfied with the ability to call them anytime, and that they were always available to answer. There was never a wait to get responses.

Aug 01, 2015 in North Charleston, SC

It was a very good experience building the townhome. I truely enjoyed it and love my new home.

Jul 21, 2015 in North Charleston, SC

Darren was always helpful, fixed everything on my list.

Jul 21, 2015 in North Charleston, SC

Kristin and Jamie were great. You can tell that they both love their job. They are true professionals.

Jul 09, 2015 in Goose Creek, SC

The New Home Consultant and the Project Manager were both easy to work with and responsive to my buyer's needs and did their best to meet their expectations.

Jul 09, 2015 in Goose Creek, SC

I am good here with everything. I am so happy with them.

Jun 29, 2015 in North Charleston, SC

I had a very strict timeline and they got it done when they said they would.

Jun 11, 2015 in North Charleston, SC

Awesome! Professionally, friendly, and easy to work with.

Jun 10, 2015 in Isle of Palms, SC

My buyer loved working with the team at Hunter Quinn and felt that the process was very easy.

Jun 10, 2015 in Isle of Palms, SC
 

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