Helping Buyers

Step by Step

Walking You Through the Process

Whether you are a first time home buyer or new to the Raleigh market, I can walk you through the process so that you know what to anticipate before we start looking.

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coordinating inspections, appraisals & negotiating the contract

Helping you through Due Diligence

Once you go under contract on a home, I will coordinate / order any inspections you would like performed on the home. Every home, even new construction, has issues that will be found on an inspection. Everything is fixable. Our job is to help you learn as much as you can about the home so that you are aware and can anticipate any future repairs, should the sellers not be willing to make the repair. In NC, it is a buyer beware state and sellers are NOT required to make any repairs, although I will work to negotiate on your behalf. Once we have the inspection report, we can get estimates for repairs to gain a better understanding of the repair costs. Your lender will order the appraisal to ensure they can lend up to the appraisal value of the home.

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Closing Preparation Guidelines

Preparing for Closing

Once you go under contract on a home, I will coordinate/order any inspections you would like performed on the home. Every home, even new construction, has issues that will be found on an inspection. Everything is fixable. Our job is to help you learn as much as you can about the home so that you are aware and can anticipate any future repairs, should the sellers not be willing to make the repair. In NC, it is a buyer beware state and sellers are NOT required to make any repairs, although I will work to negotiate on your behalf. Once we have the inspection report, we can get estimates for repairs to gain a better understanding of the repair costs. Your lender will order the appraisal to ensure they can lend up to the appraisal value of the home.

Common Questions & Answers

Buying and Selling Real Estate in NC

It is recommended that you have proof of funds or have a pre-approval from a lender prior to submitting an Offer to Purchase on a home. The sellers review the information with the offer to ensure that the buyer is capable of completing the transaction before accepting an offer.

It is not required, but it is recommended to have a home inspection on any home purchase, even new construction. It's better to uncover as much as you can about a property prior to purchasing it. There will always be repair items discovered in a home inspection, even in new construction and you are better off trying to address some of these items in negotiations with the seller.

No. North Carolina is a caveat emptor state, meaning buyer beware. The offer to purchase states that you understand that you are buying the home in its current condition. The sellers are not required to make any repairs regardless of what is found on an inspection.

In NC, there are two types of deposits that we commonly see in a contract.  Due Diligence is a deposit that goes immediately to the seller and is generally non-refundable.  It does count as a credit toward your closing. The due diligence deposit shows the seller your commitment to buying their house.   Earnest Money deposit shows additional interest in the property, but is held in an escrow account, generally with the closing attorney.  The earnest money deposit is refundable up until 5pm of the due diligence date set on the contract. 

The due diligence date sets the timeline for inspections to be completed and reviewed, getting repair estimates back, and having the appraisal value returned to the lender. This gives you a window of time to review the information to give you a better sense of what you are buying. If you choose to terminate your contract with the seller prior to the due diligence deadline, then your earnest money deposit becomes refundable.

Realtors are navigating the changes of the real estate market on a daily basis and who better to guide you through the process of buying and selling and keeping you on tract to help you hit your goal than someone who is doing it every day? We also coordinate every step of the process along the way for buyers and sellers.

Work With Summer

I'm blessed to be a part of the Jenne Homes Team at Compass. A group of strong, ambitious, talented real estate agents, who happen to be moms and know how to juggle all the 'things'. Combining our market insights with our Compass tech tools, marketing platform, and market data gives you an advantage in this marketplace.Let's work together!

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Contact Details

Summer Provancha

Phone

(919) 830-5052

Email

[email protected]

Address

3800 Glenwood Ave Ste 150 Raleigh, NC 27612

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