MikeJaquish 

Real Estate Agent

We sometimes see folks lamenting that some Sellers won't meet their offer price on properties. "Buyers' Market" and all that.
I had a few thoughts on this, clarifications of what Sellers' rights are.
To keep it simple:

The builder is typically what we call a "Seller" or an "Owner."
The "Owner" has property rights and that includes the right to accept an agreeable offer.

The offer comes from what we call a "Buyer."...

First-Time Home Buyers often ask me this.
It seems that they are concerned about wasting a real estate agent's time.

The right answer is: "As many as you need to feel comfortable in your choice."

There is no quota.
There is no "NO MORE HOMES FOR YOU!"

Sometimes, Buyers end up in the first home they see, and sometimes that is only after we view another 25 or 30 homes.
They may need to confirm the selection, feel confident...

As of October 1, 2008, there are new disclosure requirements in North Carolina for real estate agents regarding commissions, and "Additional Compensation."

This consumer-oriented rule was put into place to protect the client, to allow the client to be informed regarding their agent's level of compensation in real estate transactions in North Carolina.
This rule was made due to the possibility of agents neglecting their fiduciary duty to their clients, by steering clients...

Closing attorneys disburse payments. All funds are deposited into and disbursed from the attorney’s trust account, and are itemized on the HUD1 Settlement Statement.

Funds deposited for the buyer include any mortgage loan amount, credit for the Earnest Money Deposit, any Option Fee the Buyer has paid, and closing costs the Seller may have agreed to pay.
Buyer expenses are deducted from the total.
The largest amount will go to the Seller, or to pay the Seller’s outstanding...

Inspections and repairs continue to be flash points for emotions in a North Carolina real estate transaction.
Understanding of North Carolina laws, and the meaning of clauses in the NC Association of Relators' Standard Form "Offer to Purchase and Contract" helps a client negotiate the transaction with less stress.

Basically, there are two inspection/repair contingencies incorporated into the Form. This is assuming the parties have agreed to an "Alternative 1"...