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Rodanthe : Real Estate Advice

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Activity 6
Tue Jan 22, 2013
brendalalbrecht asked:
Fri May 26, 2017
Bill Adams answered:
Tim,

The Due Diligence Fee differs depending on the value of the property. I can be as little as 0 to as much as you want to offer for the Due Diligence Period. The length of the Due Diligence Period can also be a determining factor for the amount of the Fee. As a buyer you want the Fee to be as little as possible and the period to be as long as possible. The seller will want just the opposite of course. However, this, like most everything else in the purchase offer, is negotiable. A good starting point in determining what to offer as the Fee might be .2% (point two percent) of the offer ammount. Treat the Fee like you treat the purchase price, how much is it worth to you for the seller to take their home off of the market for a defined period of time for you to do your inspections and decide if you want to purchase the home.

Hope that helps,

Bill Adams
Owner/Broker
Allen Adams Realty
704-578-0926
badams@allenadamsrealty.com
... more
0 votes 4 answers Share Flag
Sun Aug 19, 2012
Bill Adams answered:
Tim,

I don't know all of the specifics of your offer so I can't give a definate answer, however, if you're using the new NC Offer to Purchase and Contract for your offer and you have paid a Due Dilignece Fee and set a Due Diligence Date then you should have time to have the home inspected to see if there are any problems. If there are problems that would make you not want to purchase the home you will be able to walk away from the Offer so long as you notify the sellers of such before the expiration of the Due Diligence period. You would be out of the Due Diligence Fee and the cost of the home inspection but that is basically how the new NC contract works. If there aren't any problems with the home inspection the the "As-Is" shouldn't matter. Basically, you buy a little time to take the home off of the market and have it inspected to see if you truely want to purchase it or not. Your agent should be able to explain this to you. If they can't, ask them to have their Broker-in-Charge to help you understand.

Good Luck!

Bill Adams
Owner/Broker
Allen Adams Realty
704-578-0926
badams@allenadamsrealty.com
... more
0 votes 5 answers Share Flag
Wed Feb 2, 2011
Tim Moore answered:
I can't speak for rentals, but there are 4 listings on Ocean Dr in Rodanthe right now. They range from $279k to $430k. Two are short sales and two are not. These homes are oceanfront and come with some risk, hence the low prices, and a buyer needs to know and understand the risk and what it means. If you want more information please contact me at:


Tim Moore
Broker-in-Charge
Joe Lamb Realty
252-261-7724
Tim@joelambjr.com
... more
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Thu Sep 23, 2010
Barberio asked:
0 votes 0 Answers Share Flag
Tue Jul 21, 2009
Timothy Chingos answered:
Yes it is. I just added it to my favorites. I lived in Waves for 5 months in 2007 and surfed in front of this house. It's truly beautiful. They were filming Nights of Rodanthe when I was there, otherwise I would have loved to have checked out the inside.

The link for the site is http://www.trulia.com/property/1061023648-22847-Nc-Hwy-Rodanthe-NC-27968

Definitely check it out.
... more
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