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Thanks, but as I said, I read up on it. According to numerous comments by home buyers and Realtors in other web forums, the actual usage varies by area and custom. In other words, in some places in NC the typical due diligence offer is $0.00, while in others it may be a significant amount of money. Since the Asheville/Hendersonville area never specifically came up in those other forums, I am trying to find out what is customary or typical in the Hendersonville area by asking here.
Worth repeating: What is 'customary' Frog is what your Realtor in the area tells you. In your case, Hendersonville. Not "according to numerous comments by home buyers and Realtors in other web forums". I gave you the best advice ... in Hendersonville it can be from $1.00 to X. The seller must agree to the amount.
I have never heard of $0.00. If you are searching for a home in Henderson County, ask your Realtor and believe him/her; and read the Due Diligence Disclosure statement on the Offer to Purchase Contract.
Ah. I wonder why people don't complain about people from FL causing prices to go up like you get out west with people toward California transplants?
I don't get how transplants are solely to blame for the rising housing costs here. I understand part of it but locals cashing in on their properties (a lot of it inherited or passed down) for outrageous amounts point to them being part of the issue too.
Much easier to blame outsiders though and not the 6th gen local in Weaverville selling his land for $150k an acre now. I know the argument will end up as "They'll be someone from xxxxx to buy it though" which apparently releases the local from all responsiblity.
I don't get how transplants are solely to blame for the rising housing costs here. I understand part of it but locals cashing in on their properties (a lot of it inherited or passed down) for outrageous amounts point to them being part of the issue too.
Much easier to blame outsiders though and not the 6th gen local in Weaverville selling his land for $150k an acre now. I know the argument will end up as "They'll be someone from xxxxx to buy it though" which apparently releases the local from all responsiblity.
Except you're forgetting the fact that the property taxes and cost of living are skyrocketing too due to the influx of outsiders. Those landowners might have to sell as they can't afford taxes/to own anymore.
Except you're forgetting the fact that the property taxes and cost of living are skyrocketing too due to the influx of outsiders. Those landowners might have to sell as they can't afford taxes/to own anymore.
... And said landowner is now set up nicely from selling their 10 acre free and clear handed down family farm for $500k while simultaneously increasing the tax assessment of their neighbors from their recent sale. Again easy to point fingers at transplants. Rising property taxes (and other costs) are due to many factors, not just from outsiders "buying up the place".
We have a personal example of this. Recently looked at buying a 15 acre plot in Fairview (land only) and the owner (a 3rd gen native) wanted nearly $300k for it. We loved the property but not the price. He wouldn't budge on his $20k per acre price then we saw that less than four months earlier he had the property listed for $90k ($6k per acre). Huh? Basically he got greedy due to recent sales (for much nicer plots), took it off the market and then jacked up the price and re-listed it. So be it as we told him to keep it, but he's as much a part of the problem here as the people that are moving here. But it's much easier to point fingers at transplants ...
Live in a desireable area then complain about rising costs and taxes. Live in the middle of nowhere and complain about jobs and conveniences. It's always a blame game, never fair and amazingly no one locally ever contributes to the problem.
Last edited by VinceTheExplorer; 07-15-2017 at 09:25 PM..
There is no doubt that the influx of folks from outside the area is pushing prices up. After all they sell their 1,200 sq ft. brownstone for $650,000.00 and move here and buy a nice house for $300,000.00 along with two new cars and still have money left. Oh and their property taxes are only $1,500.00 not $10,000.00.
Then again as just has been mentioned many of the locals are cashing in where many of the new developments are popping up. Selling the land given to them for millions and making more in one sale then their parents or grandparents ever made farming the property.
Am old timer back yrs ago explained that many of these locals either bought their land for pennies per acre or acquired it for free to farm after WWII. So it's all relevant. He said his grandparents just acquired the land for nothing in the 40's thru some government programs then every few yrs purchased more. I know for a fact many of the improvements still done today on these properties is thru government grants.
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