What You Need to Know About Buying a Home in North Carolina

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Today’s question is from my friend, Courtney, and she wants to know what happens after her offer is accepted by a seller.

In North Carolina, your first step is to mail off your due diligence amount to the seller. Due diligence is a period of time when the home is not considered to be on the market, and this is when you make all the necessary inspections to the home.

You would also mail off the earnest money deposit to the buyer representative’s attorney’s office within five business days of the contract being signed. In South Carolina, there is no required due diligence period, but I recommend that everyone to get an inspection on their potential home. Your Realtor will most likely order inspections for you, and you’ll also have to get an appraisal done on your home.

During the appraisal period you’re going to negotiate with the seller over which repairs need to be done on the property in order to move the transaction forward. There might be a broken furnace, which is very expensive to replace, and figuring out who will pay for that could delay the transaction. This is typically when home sales fall apart, but we do our best to move forward whenever possible.

After everything is negotiated, you have a final walkthrough of the home. I recommend that people re-inspect their homes at this time, just to make sure that all of the repairs have been handled properly.

If everything goes well, then you are pretty much ready to move in. There are a few other steps that you’ll have to go through, but there are the most important by far.

Thanks for tuning in, and if you have any final questions, please don’t hesitate to contact me!

When Should You Sell Your Carolina Home?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (704)996-2613  for a FREE home buying or selling consultation

I want to thank everyone for tuning into my last show with my partner Brandon Colberg from Element Funding. If you have any more questions about his services or how you can secure a good home loan, please don’t hesitate to reach out to him or myself.

I also encourage everyone to send in any questions about the local real estate market, because I’m here to help make you a more informed consumer. I recently got a question from Kelly, and she wanted to know the best time to put a home on the market.

It’s May right now, and the summer months are always a great time to sell a home. We always see a lot of homes sell during the summer, but this year it’s especially true because inventory is so low. We’re seeing homes get multiple offers all the time, and if your home is priced right, you can sell for top dollar.

As we head into summer, there might be a little more competition, and this could hinder your home sale. Right now we don’t have many homes for sale, so you would face less competition and sell for top dollar.

If you have any further questions, please don’t hesitate to reach out!