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Frequently Asked Questions

What is an appraisal?
A home appraisal is a process through which a real estate appraiser determines the fair market value of a home. It can assure you and your lender that the price you’ve agreed to pay for a home is fair. Appraisals are also often used to determine property taxes.
What is an earnest money deposit vs. a due diligence fee?
Earnest money, or good faith deposit, is a sum of money you put down to demonstrate your seriousness about buying a home. This amount is negotiable, refundable (within a period of time), and not always required. Earnest money protects the seller if the buyer backs out and is held in an escrow account until the deal is complete. Due diligence fees on the other hand, is paid directly to the seller and is credited to the purchase price. The amount paid non-refundable, but it is negotiable.
What paperwork do I sign at closing?
When buying a home, there are a lot of documents to sign during the closing process. The loan application, title documents, mortgage, deed, affidavit of title, transfer tax declaration, escrow disclosure, certificate of occupancy, and bill of sale. We’ll walk you through every piece of paperwork in the process.
How do I know what type of mortgage to apply for?
There are many types of mortgages that a lender will help you discern. We have trusted lenders in our community we recommend to our clients. Different mortgage types offer different interest rates and down payments. Your income, credit score, and assets can impact the type of mortgage you get approved for.
When is the best time to sell my home?
Data shows us that selling in May, June, or July results in the highest home prices. However, it greatly depends on the market, the location, and your specific home.
How long will it take to sell my home?
We invest in top-tier marketing for your home–including professional photography, videography, drone footage of land (if applicable), and listing your home on various platforms. The time it takes to sell depends on your home’s condition, the market, location, staging, and more. We’re always committed to getting you the best deal in a reasonable timeframe.
How much is my house worth?
The price of your home depends on two main factors: the condition of your home and the level of demand for homes like it. We’ll evaluate comparable sales in the area to determine an appropriate price for your home.
Why shouldn’t I list my home myself?
Taking the for sale by owner approach is risky for many reasons. It’s a realtor’s job to understand the market to price a home competitively, thoroughly market the home, handle details of negotiations, represent the seller during appraisals and inspections, and take care of the closing process. Handling all of these details on your own as a seller not only takes a great deal of time, but the personal investment homeowners have in their homes often results in emotion-driven decisions. Working with a trusted realtor saves you time, energy, and stress.
Do you have experience finding investment properties for investors in the area?
Yes, we do! We love finding investment properties in North Carolina and are excited to help you find your next investment opportunity.
Can we work together if I don’t live in North Carolina?
Of course! We can give virtual tours, communicate via video conference, and securely share documents online.
Where is the best place to invest location in North Carolina?
There are many great areas with high rental values across North Carolina. Based on your budget and goals, we’ll help you determine which cities and neighborhoods will be best for your specific case.
What is a due diligence fee?
Due diligence money is a fee that buyers proffer at the time they make an offer on a home. Iit is the buyer's good faith payment to the seller. During the due diligence period, the seller pulls the home off the market while the buyer completes inspections.
Should I get pre-approved for a loan before talking with a real estate agent?
Unless you plan to pay for your home with cash, we recommend talking with a lender and getting pre-approved for a mortgage. This way, we can know your budget when looking for homes.
How does the inspection process work?
A home inspection is a non-invasive, visual examination of the physical structure and systems of a home. When you put an offer in on a home, oftentimes there’s an inspection contingency–meaning if something wrong is unearthed during the inspection, you can renegotiate or back out of the offer. We partner with trusted inspectors across North Carolina who can inspect the home you’re interested in buying. Usually a home inspection costs between $300 and $800 depending on the size of the home, location, and the market. The home buyer is generally responsible for paying for the inspection out of pocket.
How do you schedule showings as the seller?
If you work with us to sell your home, we’ll select days and times to schedule open houses and bring potential buyers through the home if you’re still currently living there. It’s recommended that the seller isn’t home during tours, so we’ll work together to establish a calendar that works for your schedule.
What does escrow entail?
Escrow is a legal arrangement in which a third party temporarily holds money or property until a particular condition has been met (such as fulfilling a purchase agreement). It’s used in real estate transactions to protect both the buyer and the seller throughout the home buying process. Throughout the mortgage term, an escrow account will hold funds for taxes and homeowner’s insurance.
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