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Offer to Purchase Issues

5th of 6 Biggest Mistakes Homebuyers Make

Buying a home is the single largest purchase most folks will make in their life time – yet many go into it blind. In my previous career of a mortgage loan officer I saw this more times than I would like to admit. Here is the 5th of six biggest mistakes homebuyers make according to…

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Live Where You Play NOW with Tax Credit

Recent changes to the American Recovery and reinvestment Act of 2009 have helped even more folks make their retirement and 2nd home dreams come true sooner than later! This exciting news comes at a time when many are already taking advantage of low home prices and the lowest interest rates in years. Even more reason…

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Q & A on Move-Up/Repeat Home Buyer Tax Credit

In researching to find answers to questions how the expanded Move-UP/Repeat Home Buyer Tax Credit works, I came across this lengthy piece that answers a lot of the ins and outs of how it works and who is eligible from the National Association of Home Builders. It really does give a complete run down on…

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7 Q & A on Extended Home Buyer Tax Credit for CURRENT Home Owners!

Were you on the fence deciding when to buy your retirement home in the Brevard NC Mountains? NOW IS THE TIME! With the Home Buyer Tax Credit extension’s new terms, it opens the door to current homeowners wanting to relocate. Expands the credit to grant up to $6,500 credit to current home owners purchasing a…

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Thank you to Great Folks Everywhere!

In this age of instant information – instant gratification – data overload – we at times forget the humanity behind the written word. So I would like to say a simple THANK YOU for following my Blogs. It’s nice to know what interests me also interests some of you. I enjoy connecting with great folks…

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4 Q & A about Earnest Money Deposits

Here are 4 commonly asked questions and answers about Earnest Money Deposits from The North Carolina Real Estate Commission’s pamphlet Questions and Answers on Earnest Money Deposits. Q: What is “earnest money?” A: It is money you give to the seller (or the seller’s agent) to show your good faith when making an offer to…

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When is a Contract a Contract?

The question came up today working with a buyer. A buyer decides they love a home and makes an Offer to Purchase. According to the NC Real Estate Commission, now suppose that the seller rejects the buyer’s offer but makes a written, signed counteroffer. To accept the seller’s counteroffer, the buyer must do two things:…

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