Last week I read an article by Allen Norwood written in the Charlotte Observer that I felt made an inaccurate generalization on how due diligence fees would be negotiated using the new Offer to Purchase approved by the NC Real Estate Commission. In that article Mr. Norwood suggested that the “norm” for due diligence money [...]
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As I mentioned in an earlier post, January 1, 2011 ushers in a new North Carolina Real Estate Commission approved Offer to Purchase Contract for residential real estate. On that date, the new form is the only one that can be used to write an offer on real property. Pursuant to that, all licensed agents [...] I had a conversation yesterday with a good friend, and he said to me, “As soon as home prices come up some my wife and I want to sell our house and find a town house. I’m tired of yard work.” I hear the “as soon as prices come up” qualifier a lot in the [...] The North Carolina Real Estate Commission is very close to completing a revision of the Offer to Purchase and Contract form that is used by all Lake Norman area real estate agents to connect buyers and sellers with a legal binding contract. I probably am understating the fact by calling it a “revision.” A “revamping” [...] Today is April 15th. Significant in several ways. Obviously, it’s the day your taxes must be paid to Uncle Sam. Also, it marks just 15 days left to get a home under contract if you want to take advantage of the federal first-time buyer incentive. Homes must be under contract by April 30 to qualify [...] I thought it was time we looked again at the current sales statistics for the Lake Norman real estate market. Here’s a look at October numbers in two price ranges; $100,000 to $250,000 and $250,000 to $500,000. While our market is not performng quite to the level of 2007, it is certainly showing improvement versus [...] |
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