Home Buying Guide for North Carolina

Search Online

Using our advanced home search, create a search with all of the requirements for your new home. Make sure to adjust the price range, location, year built, and any other important criteria so that your listing alerts match your conditions. Keep yourself organized by adding each home that you are interested in to your "favorites" list. If nothing catches your eye right away, be patient! New homes are listed every day.

Initial Consultation

When are you are ready to compare homes in person, contact us to set up an initial consultation and showing schedule.

Obtain Financing

If obtaining financing, meet with your lender to discuss your options. We have several lenders to recommend should you want to shop around for the best rate. If you need something specific, such as a rehabilitation loan, we can point you in the right direction as well.

Be sure to get a pre-qualification letter from your lender during your meeting. This is given to the listing agent with your offer and shows that you are able to purchase the home. The formal approval process doesn't take place until later.

For more information on the home loan process, please click here.

Offer to Purchase

Once you find the right home you will submit an offer to purchase along with your pre-qualification letter. At this point negotiations will take place verbally until an agreement is reached and a new offer to purchase is signed by both parties.

Once you are under contract there are two time periods. The first is the "due diligence period," where you will do your inspections and the bank will order an appraisal if you're getting financing. Depending on the bank you use (some banks process faster than others), this is also the period where you'll get approval for the loan. Terminating the contract during the due diligence period typically results in losing a few hundred dollars of due diligence money (along with any money you paid to a home inspector or appraiser).

The "pending closing period" starts when you have finished your due diligence. Inspections and appraisal have been completed and you are now preparing for closing. During this period the lender will provide a loan package to your closing attorney and you will review a closing statement. The closing statement has all the charges associated with the purchase, including any prorated taxes and fees. It will also have the dollar amount you need to bring to closing.

Buying a New Home?

Buying a new home is very different from a resale purchase, and we created a new home guide which is available here: New Home Guide For NC.

Closing

On closing day be sure to bring your driver's license and any funds you need to close. Depending on your attorney, closing usually takes about 30 minutes for a transaction without financing and 1 hour with financing. We recommend Arnette Law to our clients. Both of the attorneys Cara and Kesai are are great to work with, and our clients are always very satisfied with the experience!