Finding your dream home in a seller’s market can be stressful. The Triangle area of North Carolina is a great place to sell a home right now…and a tough place to buy one. The Durham, North Carolina in market in particular is a seller’s market right now, for homebuyers and investors alike. And this is true for many areas across the country. A seller’s market is […]
You’re Under Contract – Now What? Due Diligence and Earnest Money in North Carolina
What happens after your offer to purchase a home is accepted? The weeks leading up to closing can either be stressful or uneventful; there may be many unexpected things that come up or, if you’re lucky, it may be smooth sailing. Either way, as either a buyer or seller, knowing what to expect during this […]
Dibs! What is the Right of First Refusal in Real Estate?
I recently helped a client buy a house for which a third party had the “right of first refusal” (ROFR). My buyer had never heard of this term, and so I thought it would be a useful term to explain for others who may encounter it when looking to buy or sell a home. Very […]
Five Reasons to Buy an Older Home
There is something unique about older homes that many home buyers just can’t resist. Everyone has different things that appeal to them of course, and for many people a brand new house built just for them might be ideal, but if you’ve been thinking about buying an older home these reasons might sound familiar. For […]
Why Smart Buyers Make Pre-Approval Their First Step
What’s my first step in buying a house? I was recently asked this by my brother-in-law, who has been thinking of buying a home for the first time. He explained, “My lease is up in March, but I’m not really sure what to do first.” He’s not alone. Many first time home buyers aren’t quite sure what they […]
Should I Buy or Build? Five Questions to Help You Decide
Deciding whether to build a new house or buy an existing house is one of the first questions to answer when you first start thinking about a new home. Ultimately your decision will depend on what you value most in a home as there are benefits and drawbacks to each approach. To help you think through […]
What’s the Difference Between Appraised and Assessed Value?
There are two similar terms that you will come across if you are in the process of buying or selling a home: appraised value and assessed value. Each one attempts to represent the value of a house—and yet it’s unlikely the two numbers will agree. So what does each one mean? And how do they […]
How to Shop for Your First House Together
Buying your first home can seem overwhelming. It can be hard to narrow down what you want, figure out what neighborhoods are the best and decide how much to spend – let alone do all of that with another person! My wife and I have had our fair share of disagreements while house hunting, so […]