My Blog

Real Estate Closings - NCREC

Questions and Answers on closing the deal!
Posted by Rebecca Williams on April 20, 2020 in  The Process
In the typical residential real estate sales transaction, a buyer offers to purchase property from a seller. After negotiating the price and terms, the buyer and seller sign an offer to purchase and contract, and the buyer gives the seller (or the seller’s broker) an earnest money deposit to show good faith in the transaction. Under the standard form Offer to Purchase and Contract, the buyer may also give the seller a “due diligence fee”for the buyer’s right to conduct due diligence, including any inspections, loan... read more

COVID 19 and Real Estate

Posted by Rebecca Williams on April 12, 2020 in No Category
I know that these are crazy times and every day something new is happening. I first wanted to take a minute and make sure that you and your families are safe and well. Secondly, I wanted to give you an update on our current market situation. As of now, homes are still coming on the market, but at a slower pace than before. I am still able to show homes to people if they are comfortable, but I will be putting precautions in place not only for us, but for sellers if they still occupy their homes.  ... read more

Offer and Acceptance - NCREC

When does an offer become a contract?
Posted by Rebecca Williams on April 01, 2020 in  The Process
The purchase contract is the most important document in any real estate sale. It must reflect the entire agreement between the buyer and seller. This brochure examines issues arising during contract negotiations in residential real estate sales transactions. In particular, it focuses on “offer” and “acceptance”: the process by which a buyer and seller create a binding legal contract. This process typically begins when a prospective buyer makes an offer. Then, the seller either accepts it, rejects it, or rejects it ... read more