Being a Competitive Buyer: Part 2

Today, we’re continuing our previous discussion on how best to compete as a buyer in our market.

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Today we’ll be covering the second half of our discussion on being a competitive buyer in today’s real estate market. 

Last time, we focused on how you as a buyer can influence a seller in taking your offer. Today, we’ll be further covering this topic. 

First of all, consider the amount of money you have available for an earnest money deposit. Earnest money will show the seller you are a serious, interested buyer. The more you put down, the better. Increasing the “normal” amount will boost your offer in the eyes of the seller.

Next, think about the due diligence fee, which is money to be paid up front. Understanding our North Carolina contracts will help you be aware as a buyer. 

Having professional help at every step will make a world of difference.

Due diligence money is another way to influence the seller. However, it becomes nonrefundable once the due diligence period expires.  

Also, don’t forget the North Carolina Offer to Purchase and Contract, which outlines the commitment you and the seller are both making within the transaction. 

Ultimately, though, the best way you can be competitive in the market is to work closely with a real estate professional who will be able to support you through the process all the way through closing. 

Having professional help at every step will make a world of difference.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon. 

Are Home Inspections Absolutely Necessary for Buyers?

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As a buyer, you have the right to hire a home inspector for a property that you're looking to buy, and you should absolutely have an inspection done. Keep in mind that you will be paying for the inspections, but the cost is well worth it. 

You need to know the condition of the property before you buy it, and this is the best way to determine what needs to be fixed. Many times there are things about the property that not even the seller knows, so this can be helpful for the sellers in making repairs before a sale.

You always need to pick a trusted home inspector, because you don't want any surprises down the road. I always recommend a termite inspection for people living in our area, and the good thing is that it often covers more than termites. 

As always, if you ever need assistance when you're buying or selling in Iredell County, please don't hesitate to contact me. 

Thanks for tuning in, and don't forget to watch the next video in this series!