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Showing posts with label North Carolina Due Diligence. Show all posts
Showing posts with label North Carolina Due Diligence. Show all posts

Be Careful When Repairing Hurricane Damage to Your Home


If your home has been affected by Hurricane Matthew, I can give you a trustworthy reference to help you repair the damage.

Selling your Triad area home? Get a free home analysis report
Buying a Triad area home? Search all homes for sale

For those of us recently affected by Hurricane Matthew, I’d like to drop you all a quick message about what to look for when repairing damage to your home.

If you’re in the unfortunate position of having to replace a roof or siding on your home due to damage from the hurricane, I just wanted to let you know that I can put you in touch with contractors and specialists that are honest and trustworthy who we have been working with for years.

It’s also important to be careful about who you hire when you need somebody to repair damage from natural disasters like these. Because there are so many homes and families in need, there are also often a lot of scams that occur during these times. Check every contractor with the Better Business Bureau, make sure that they have insurance and get proof of insurance from their insurance, company, not from the contractor directly.

Watch out for scams during times like this.

Be cautious because, unfortunately, there are some scammers who will come in from all over the country, are not even licensed to do business in our state, and don’t have the proper insurance.

If you’re struggling to find a contractor to help you or if you simply want a good reference, don’t hesitate to give me a call or send me an email. We’ll make sure you get taken care of!

How Does North Carolina's New Due Diligence Process Affect You?



Selling your Triad area home? Get a free home value report
Buying a Triad area home? Search all homes for sale

Hello, and welcome back to another market update! One change you may not have noticed in North Carolina, especially if you haven't bought a home in the last few years, is something called the Due Diligence Process (DDP)

This is a new process in which the buyer is paying a Due Diligence fee to the seller. The purpose of the fee is to compensate the seller for taking the home off the market and give the buyer a certain period of time to check out the property with home inspections, surveys, appraisers, or anything else they may want. As part of the fee, the Due Diligence Process gives the buyer the option to walk away for any or no reason any time during this period. 

This is a really good tool for the buyer and seller alike. The seller is compensated for taking their home off the market, and the buyer is given protection by being allowed to walk away from any issues that may be found. Now, the earnest-money deposit can come any time during or after the DDP. Once the buyer decides they are satisfied with the house, they give earnest money to show their intention of closing the deal. If the buyer chooses to walk away after the DDP has ended, the earnest money is at risk. 

This is just one of many changes that have recently been made to the real estate process. In future videos, we will cover some of those changes in order to keep you in the loop!

For now, whether you're buying or selling, keep in mind that the Due Diligence Process applies to ALL types of real estate! 


Give us a call or shoot us a quick email if you have any questions about this new process, or if you need real estate assistance of any kind. We would love to hear from you, and look forward to seeing you soon!