Understanding “due diligence” in regards to the North Carolina residential Offer to Purchase and Contract. I also discuss earnest money and tips for dealing with the due diligence fee and period from the perspectives of both a buyer’s agent and listing agent.
Articles for Buyers
Closing on Your Home
Common Closing Costs for Buyers The lender must disclose a good faith estimate of all settlement costs. A check to cover your closing costs will probably have to be a cashier’s check. The title company or other entity conducting the closing will tell you the required amount for: Downpayment. Loan origination fees. Points, or loan …
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What Not to Overlook on a Final Walk Through
The Final Walk Through repairs you’ve requested have been made. Obtain copies of paid bills and any related warranties. all items that were included in the sale price (draperies, lighting fixtures) are still there. screens and storm windows are in place or stored. all appliances are operating. intercom, doorbell, and alarm are operational. hot water …
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10 Questions to Ask Your Lender
Be sure you find a loan that fits your needs with these comprehensive questions. What are the most popular mortgage loans you make? Why? Which type of mortgage plan do you think would best for us? Why? Are your rates, terms, fees, and closing costs negotiable? Will I have to buy private mortgage insurance? If …
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10 Things to Take the Trauma Out of Home Buying
Find a real estate agent that’s simpatico. Buying a home is not only a big financial commitment, but also an emotional one. It’s critical that the agent you chose is both skilled and a good fit with your personality. Remember, there’s no “right” time to buy, any more than there’s a right time to sell. …
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