Buyers, great deals are all over the Outer Banks and interest rates are still historically low. Call Wende Pritchard at 252-207-1147 or email wende@allaboutobx.com to get a list sent to you today.
A recent change in real estate is the new, revised Offer to Purchase and Contracts. Gone are the separate sections regarding property inspections and financing contingencies. In place, is a section regarding a buyer's 'Due Diligence'. In this section, your real estate broker helps you choose a time frame to satisfy all contingencies including loan approval--for a minimal fee. This fee is negotiable. Prior to the expiration of this time frame, a buyer may back out for any or no reason and receive his/her earnest money deposit back, however, the seller keeps the fee. If the buyer chooses to move forward and the sale goes to closing, the fee is credited to the buyer.
There are a few more minor changes to the Offer to Purchase, if you have any questions...please don't hesitate to contact me. Wende Pritchard @ 252-207-1147 or wende@allaboutobx.com. For all your real estate needs, visit www.allaboutobx.com.
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