it is possible to find a seller open to this scenario but in general they will want a substantial deposit. Some want a higher interest rate and some are homes that are not as appealing to the general market. There is such a variable in this opportunity I prefer to ask is there a way to repair the credit to go traditional if you roll up your sleeves and put some credit repair to work for you. There are local mortgage co. that are good with this type of customer. Contact me if you need more info. thanks and good luck !... more
From Greenville the dirve is about 1.5 hrs. You have a 21 mile stretch of island called Bogue Banks to visit... Atlantic Beach, Pine Knoll Shores, Indian Beach, Salter Path and Emerald Isle. There are two fixed bridges to access so you should decide which end of island you want to experience as there are two routes to drive determined by which part of island you want to visit. I suggest making it atleast a few days visit as beaufort NC is nearby and worth a visit on Front Street. Morehead City also offer a quaint waterfront with great dining. I live in Gville but also work the Beach market and have had a home there for nearly 20 yrs. Hope this helps. Michele Connors... more
Real estate professionals are in a continuous battle with sources of faulty data.
One of those sources is "They said" or "Someone."
Another is the neighbor on the street, the self declared expert..
And then sites like Trulia an Zillow.
Trulia for instance states the average SOLD price in Greenville is $117,000
Trulia, for instance states the average SOLD price for zip 27858 is $131,750
(Is not sold price much more relevant than listed price?)
Both will prove to be significantly incorrect.
Having access to reliable, responsible data, such as what is available through the local Multiple Listing Service is essential.
If you are serious about making a home purchase, you need to pick up the phone and give Deborah a call. (If only she had provided a telephone number)... more
That is a big question and very common. If you are a state employee often the SECu is a great starting point. It is also wise to compare a few before making a selection. Each mmortgage company or bank has different programs to offer and different lender sources to offer from. If you are in Pitt County Id be happy to take your call and chat with your further about your home search. Best wishes, Michele 252 342 7066... more
The NC real estate contract's due diligence period has been in effect for just a few years and is a major change to the way real estate transactions were conducted prior to this change. The agents in North Carolina are still getting used to it and it is interesting how it is being implemented differently in different locations. The main differences are how long the due diligence period is, how much money is collected for the option fee, how much money for earnest money and when is the earnest money collected. The contract doesn't dictate what the times or money amounts are; they are negotiable. The contract does dictate that the buyer must make up their mind whether to procede with the purchase before 5pm on the due diligence date. If the buyer needs more time to make up his or her mind, they need to negotiate with the seller and have a SIGNED AGREEMENT before 5pm on the due diligence date. If the buyer does not notify the seller in writing before 5pm on the due diligence date that they are withdrawing from the contract, the contract remains in force and it is assumed that you have decided to go forward with the purchase. If you past that date and decide to back out of the contract, you are not entitled to the return of any earnest money.
The contract says by way of explanation that you should have all your inspections done prior to the end of due diligence -- that is advice, it doesn't make the contract depend on the completion of any inspection, so the fact that you didn't have the radon results doesn't affect the contract and your responsibility to make a decision prior to the due diligence date.
You should also get your inspections done ASAP because if you want repairs done based on the findings during inspection, you need to negotiate and reach agreement with the seller about those before the end of the due diligence date. If the seller doesn't agree to fix things that's one of the things you weigh in your decision to move forward.
You proposing an addendum about the radon results was okay, but you needed to have the seller agree to it before the end of due diligence.
You can ask for more repairs within the due diligence period. However, if the repairs are not completed within the due diligence period, I don't think you have any recourse. In other words if you are past the due diligence date, I think you would lose your earnest money if you are unhappy over repairs and don't want to complete the purchase. Also, just because you can technically ask for more repairs, sellers have feelings and I think making several requests might be counter productive.
So how did this transaction turn out? Hopefully, you are in your new home and enjoying it!... more