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Common questions & Answers
You're not the only one thinking this, and that's I'm here! Ill be able to educate you on the location, property conditions, local market trends, potential rental yields, and long-term growth aspects based on comparable values of homes sold in the area.
Loaded question, and specific to NC when purchasing a home. This fee is a payment made by the buyer to the seller as a part of the real estate transaction. This payment is fee once your offer is accepted. It's essentially a way for the buyer to "buy time" to conduct their due diligence on the property before finalizing the purchase. This is one subject i'll go into lots of detail about with you!
Closing costs are expenses over and above the property price, like loan origination fees, title insurance, and taxes. They typically range from 2%-5% of the loan amount.
Most people get this confused so let's be clear...
Pre-qualification is an informal estimate of how much you can borrow, while pre=approval is the more formal process with a credit check and documentation from your lender. I highly recommend to all my clients we gather a pre=approval letter.