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As a member of NAR, which all REALTORS® are in the Charlotte area, we are bound by certain ethical requirements. One of them being the Fair Housing Laws. We can't give our opinions about neighborhoods, schools, people in the area, crime or anything like that. We can give you websites to find the information from. The above poster is correct about the disclosure and mineral , oil and gas rights. Homeowners are not required to answer the questions, they have to fill out the form, but they can mark no representation on the entire form. One other reason for that would be if the owner has not been living in the home and doesn't know. If there is anything that we find out about a home, we are obligated to disclose it, even if the seller didn't on the disclosure. There is a due diligence period. That is a period for any inspections and appraisals, but if you back out of the deal, you lose your due diligence money. So, there is earnest money and due diligence money. The due diligence money is, in essence, the money that you are paying the owner to take their home off of the market for you to do the due diligence. If you back out, they keep it. If you purchase, it gets credited back to you at closing. NC real estate laws are more stringent than other states. I hope this helps. Also, only licensed agents have access to MLS. We can share information with you, but not MLS. If you have any questions, you can pm. me. Good luck with your move!
Now I am sooo curious about NC "caveat emptor" because it has seemed that way in 2 states we've bought in. Agents have never given us any negative or actual useful information about a property. Every property seems just fine to them, they don't want to lose a sale by pointing out issues. Crime? Don't know. Rezoning scheduled? Don't know. Less knowledge, more commissions.
There are soooo many laws that govern real estate agents that they actually can’t be all that helpful . For example they cannot comment on whether a neighborhood has a lot of children ( bizarre but true) , they cannot comment on whether they think the school’s are good, if an area is gay-friendly, any kind of religion/ethnic/political party -friendly . All that type of info you have to get from City-Data. All the crime stats are listed on City-Data as well.Zillow is a great resource especially the price history section.
Yes you get your earnest money back but NOT the due dilligence money. We lost out on that and the money we paid for an inspection. Totalling $1375 ..im not sure why NC is buyer beware..why bother getting an inspection if thats the case?
Yes you get your earnest money back but NOT the due dilligence money. We lost out on that and the money we paid for an inspection. Totalling $1375 ..im not sure why NC is buyer beware..why bother getting an inspection if thats the case?
Because if you don't get an inspection and go through with buying the house, you'd be out a lot more...
Yes you get your earnest money back but NOT the due dilligence money. We lost out on that and the money we paid for an inspection. Totalling $1375 ..im not sure why NC is buyer beware..why bother getting an inspection if thats the case?
You have to watch out for services that require licenses.. The fog-a-mirror requirement for the state test you can accidentally pass that makes you no different than a millionaire-agent can getcha..
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