After a home inspection is completed, the buyers have the option of submitting a repair request. The sellers are not required to fix anything; however, the buyer has the option of backing out at any time prior to closing. So, it’s usually in the seller’s best interests to negotiate and come to a compromise on repairs. It’s common for sellers …
What is the Due Diligence Period?
The first stages of buying a home include getting pre-approved, hiring a REALTOR™, and finding the perfect home. But what happens after a buyer makes an offer that’s accepted? In North Carolina, acceptance is immediately followed by a stage of investigation called the Due Diligence Period. What is the Due Diligence Period in North Carolina? As soon as a buyer …
Negotiating Repair Requests | Home Buyer and Seller Tips
Realtor Melanie Cameron explains how to approach a home inspection report in order to successfully negotiate a repair request for the home you are buying or selling. In North Carolina, this usually happens during the Due Diligence Period, shortly after the offer is made and all inspections are completed. Get more great tips in our 60-page Buyer & Seller Guides. …