Home Vacation Rentals Real Estate Area Information About Us Contact Us


Thinking about Selling? 

Know why you want to sell. 
Moving to a different neighborhood.  A new job.  Closer to family.  Need more space.  Need less space. 

How fast do you need to sell? 
An experienced agent can help you sell your home faster if needed.  Or maybe you have time to wait.  We can help you understand the current market conditions locally and help you decide when to place your home on the market.

Current Market Conditions. 
Whether it’s a buyers’ market or a sellers’ market, our agents can help you price your home correctly to bring you the best market price according to your time frame.

Want more information on selling?  You have come to the right place.  Use a local, professional Realtor who has your best interests at heart.

We are ready to help you reach your real estate goals by making your needs our number one priority. We promise to never pressure you, as we realize that you are much more qualified in knowing what is right for you than we are.  Since buying or selling a home can be stressful, we will try our best to make it easier for you and even fun! You have a choice when it comes to working with a real estate professional and we look forward to earning your trust and helping you discover the best way to buy a home.

Below are some articles that you might find useful in the home selling process. 

Why Use A Realtor
- Back to Top
Buying and selling real estate is complex.  A basic rule of real estate is that all properties are unique.  Homes differ and so do contract terms, financing options, inspection requirements and closing costs. 

Through the forms, financing, inspections, marketing, pricing and negotiating it makes sense to work with professionals who know the community… and much more! 

For buyers, Realtors use many resources to help you in your search for a home.  They also provide objective information about each property, can help you negotiate, help you understand different finance options, and guide you through the closing process to make sure things go smoothly. 

When selling your home, Realtors can give you up-to-date information about the market as well as the price and condition of competing properties.  The Realtor markets and advertises your property and can help you through the sale of your home. 

 Working with a Real Estate Agent - NC Real Estate Commission

When buying real estate, you may have several choices as to how you want a real estate firm and its agents to work with you. For example, you may want them to represent only you (as a buyer's agent). Or you may agree to let them represent only the seller (seller's agent or subagent). Some agents will offer you a choice of these services. Others may not.

Buyer's Agent

Duties to Buyer:

If the real estate firm and its agents represent you, they must

  • promote your best interests
  • be loyal to you
  • follow your lawful instructions
  • provide you with all material facts that could influence your decisions
  • use reasonable skill, care and diligence, and
  • account for all monies they handle for you.

Once you have agreed (either orally or in writing) for the firm and its agents to be your buyer's agent, they may not give any confidential information about you to sellers or their agents without your permission so long as they represent you. But until you make this agreement with your buyer's agent, you should avoid telling the agent anything you would not want a seller to know.

Unwritten Agreements:

To make sure that you and the real estate firm have a clear understanding of what your relationship will be and what the firm will do for you, you may want to have a written agreement. However, some firms may be willing to represent and assist you for a time as a buyer's agent without a written agreement. But if you decide to make an offer to purchase a particular property, the agent must obtain a written agency agreement. If you do not sign it, the agent can no longer represent and assist you and is no longer required to keep information about you confidential. Furthermore, if you later purchase the property through an agent with another firm, the agent who first showed you the property may seek compensation from the other firm.

Be sure to read and understand any agency agreement before you sign it.

Services and Compensation:

Whether you have a written or unwritten agreement, a buyer's agent will perform a number of services for you. These may include helping you

  • find a suitable property
  • arrange financing
  • learn more about the property and
  • other-wise promote your best interests.

If you have a written agency agreement, the agent can also help you prepare and submit a written offer to the seller.

A buyer's agent can be compensated in different ways. For example, you can pay the agent out of your own pocket. Or the agent may seek compensation from the seller or listing agent first, but require you to pay if the listing agent refuses. Whatever the case, be sure your compensation arrangement with your buyer's agent is spelled out in a buyer agency agreement before you make an offer to purchase property and that you carefully read and understand the compensation provision.

Seller's Agent Working With a Buyer

If the real estate agent or firm that you contact does not offer buyer agency or you do not want them to act as your buyer agent, you can still work with the firm and its agents. However, they will be acting as the seller's agent (or "subagent"). The agent can still help you find and purchase property and provide many of the same services as a buyer's agent. The agent must be fair with you and provide you with any "material facts" (such as a leaky roof) about properties.

But remember, the agent represents the seller—not you— and therefore must try to obtain for the seller the best possible price and terms for the seller's property. Furthermore, a seller's agent is required to give the seller any information about you (even personal, financial or confidential information) that would help the seller in the sale of his or her property. Agents must tell you in writing if they are sellers' agents before you say anything that can help the seller. But until you are sure that an agent is not a seller's agent, you should avoid saying anything you do not want a seller to know.

Sellers' agents are compensated by the sellers.

Pricing Your Home
- Back to Top

What is Your Home Worth?
Pricing your home is very important.  On their own, most people tend to overestimate the value of their home.  An overpriced home won’t bring offers and agents won’t show it after the initial viewing.  An agent will do a CMA or comparative market analysis for your home which shows the prices of comparable recently sold homes.  They will also show you the “competition” currently on the market, discuss timing and local market conditions so that you can decide on the best price for your home. 

Getting Your Home Ready
- Back to Top
Location, condition and price are the most important factors in selling a house.  You can’t move the house to a different location, so this is a given.  The price is already set.  So, it’s time to get your home looking better than your competition by going over every aspect of your house by repairing, freshening or changing whatever is necessary.

 *Staging Your Home

 Home Staging: 50 Tips - Get Started on Your Home Staging Journey

Home staging" was coined by Barb Schwarz back in the early '70s, and the concept has become well known as "house fluffing," "dressing to sell," and "home presentation" to name a few, but the concept has not taken hold among home owners when selling a home because many people do not understand the idea or cannot create a workable plan for staging their home correctly.

The focus of staging is to make a home more marketable by creating the most appealing home to the greatest number of prospective buyers. It should be impersonal enough not to infringe on a buyer's own sense of style.

Decorating is optional. Staging, on the other hand, is essential - that is if you want to sell your house for the most possible money in the shortest amount of time. Staging - it is the difference between ordinary and extraordinary.

Since home staging is truly an essential part of selling your home, I wanted to share these 50 Tips To Get You Started on Your Home Staging Journey.

1. Be sure that your home is staged before you or your realtor takes the photos for the web. Over 70% of all new apartment/home searches are started on the Internet. It is imperative that the property looks good in the photos so that it can attract as many people as possible to see the real thing.

2. You should not have one person look at your house until it has been staged completely. It should not go through the broker walkthrough, MLS, open houses, or anything. Stage first!

3. Kate Hart of Hart & Associates Staging and Design LLC knows that home staging works for all properties regardless of the price point because home staging is about preparing your home for a faster and more profitable sale and marketing your property to the most potential buyers for its target audience. "I have staged homes ranging from $100,000 to $10 million and have had the same result- the homes sell faster and for top dollar compared with the competitors within their price range."

4. If you have dark cabinets, a light colored handle or something in shiny gold will enhance them. If you have light cabinets, you can give them the sleek look by using handles of the same color so that they are hardly noticeable or by using brushed silver handles. With light wood, you can also use darker handles, gold, bronze, or even colors.

5. Sometimes renovations are needed. However, here are five that you should avoid:

- Adding high end appliances to a modest home

- Adding hand painted tiles to the bath or kitchen

- Adding a central vacuum

- Adding air conditioning (unless you are in an area that all homes have it)

- Replacing windows with newer models

6. Be sure to check with your city or county building inspector before beginning a new project. Many departments require permits, even for things as simple as changing a dishwasher.

7. Everything in its place is a good motto to remember. Always find appropriate places to store your items. Litter boxes in the kitchen and trashcans in the pantry are just two examples of inappropriate placement.

8. Julie Dana of The Home Stylist has the following tip: Do not have any cleaning products visible. You want the buyer to think that the house cleans itself. You do not want to remind buyers that there will be work to do in this house, so put away laundry baskets and dish drainers as well!

9. Lisa Wonsey of Space/Lift explains that selling an empty home can be a huge mistake. Buying or renting furniture is especially vital in an empty home. Empty homes do not show well and can sit on the market for months until a buyer with a good visual imagination comes along, or until the seller drops the price so low that the home is a steal.

10. Your refrigerator will need to be cleaned, even if you are not leaving it. People will still look inside and a dirty refrigerator will turn them off. If you are taking it with you, you may as well clean it now. If you are leaving it, then it is imperative to have it sparkling.

11. Ruthanne Hatfield of Art of Interior Placement emphasizes that taking away items is needed, but adding back is essential, too: Each room should be embellished with accessories artwork, mirrors, accent tables, silk trees and florals, as well as dishes, bedding, and towels so all areas look inviting.

12. Check for unusual odors in your house. It may come from a pet or even from your upholstery.

13. Cleaning is rarely fun for anyone, but it does not have to be a terrible chore. Play some fun, lively music. Before you know it, your adrenaline will start pumping and you will be dancing your way through the house.

14. To clean those irritating stains in the bathtub, make a paste by using hydrogen peroxide and cream of tartar. Use an old toothbrush to rub the mixture into the stain and rinse thoroughly.

15. To clean the microwave, fill a paper cup with water and a few tablespoons of baking soda. Nuke it for about 30 seconds, or until you see the contents explode. Then just take a paper towel and wipe it all off. The explosion spreads the cleanser over the entire area, and you can even use the moistened rag or paper towel to wipe outside the microwave and its surrounding area.

16. Mary Larsen of Larsen-Trochlil Designs offers the following professional tip: Do not offer money towards painting or installing new carpeting. Remember, if you are not willing to do it, your buyer is not likely to either.

17. Take a look around you. Do you have items in your home that are unused and have no real sentimental value? If so, get rid of them! These types of items can often be found in closets, cupboards, basements, and garages. Sometimes they are on bookshelves or even in your everyday living space. The more you are able to move out the more the next buyer will want to "move in."

18. If you do not have a plan for what to do with the stuff you no longer need, it will get put in the basement or the attic or the garage or simply stay in a pile in the room where it began. If this happens, then you really did not get rid of clutter - you just moved it to another location. When you are clearing the clutter for home staging purposes, you will have many different piles. Some things may go to a thrift store such as the Salvation Army, some things may go to the dump, some things may go into storage, and some things may be set aside for a garage or yard sale. Knowing what you are going to do with the extra clutter is essential to really decluttering your home.

19. Sylvia Beez of m.a.p. interiors inc. reminds us that: A home for sale should always be presented in its best light and immaculate condition, which is not the reality of everyday life. Potential buyers do not want to see how you live, with your children, cats and dogs, and mess. They want to see themselves in a perfect house under perfect conditions and that is how a home on the market should always be presented.

20. If your kitchen cabinets, pantries, and drawers - even your refrigerator - look jammed packed, it sends a negative message to the buyer. This message is that there is not enough room in your kitchen. If they were looking for plentiful storage space, after opening your crowded cupboards, they will believe that they will not find it in your kitchen. The best way to change this negative first impression is to have as much "empty space" as possible.

21. Marlene Feldman of Marlene Feldman Associates has the following suggestion for small dining rooms: If the dining room has an oversized china cabinet, consider removing it. Or, if has a top and bottom, remove the top. This will open up the space considerably.

22. Take a look at your bathroom. If you are like most people, you will find half-used shampoo bottles, a jumble of hair accessories, a curling iron, foam curlers, several cans of shaving cream, tub toys, lotions, medication, books and magazines, oils, candles, toilet paper, and on and on and on. The amount of stuff we store in our bathrooms is far greater than the storage capacity for these small rooms, especially, if like many bathrooms, you have just a medicine cabinet and a very small vanity. The "stuff" that is not in use needs to be boxed up and moved out.

23. Katie Joanow of Star Staging explains that: You should remove extra chairs from the tables. Unless you have a massive space, you will not need more than 4 chairs around a table. Also remove extra leaves from the table. This will make the room feel larger.

24. Buyers want to see your carpet or your hardwood floor or your linoleum. Most home stagers suggest removing all area rugs, unless you have a large area of hardwood, where one rug is acceptable. Area rugs make spaces seem more crowded. Without them, your floor plan opens up.

25. Closets are great for accumulating clutter, though you may not think of it as clutter. Perhaps the clutter is wrapping paper, or Christmas items, or an old sewing machine. Maybe you have some keepsakes, or photo albums. Then of course there are the extra clothes and shoes. None of these things are likely to be in the throw away pile, but they should not be in your closet if you want to reduce the look of clutter.

26. Gail Greer of All Rooms Great and Small gives this tip about painting your home: You need to be willing to change paint colors. There are certain universally accepted colors and these should be used when repainting your home. Yellow or shades of gold are warm and inviting. You should also accent with yellow. Your eye absorbs more yellow and therefore sees it first. Green or blue in the bedrooms are great colors because they are restful.

27. Stand a few feet away from the entrance to the bedroom. What do you see? Whatever you see is the first thing that a buyer will see. Is it pretty? Is it bulky? Does it make the room feel small? Move anything from the doorway that is not inviting.

28. A spare room should be viewed as a bonus. It is a "plus" feature of your home, but only if the buyers can view it as such. For example, if your spare room is used mostly as an office, then, during the selling process, you need to make it just that - an office! Get rid of the spare bed and the extra dressers full of last season's clothes. Get rid of the boxes of storage items in the closet. Keep the essentials of your office such as a desk, filing cabinet, bookshelf, and a nice chair in the corner with a small table and lamp.

29. Holly Weatherwax of Momentum Realty explains that whenever possible, she recommends leaving the garage free from storage. If people see that the seller does not have enough storage and has to use the garage, they will begin to wonder if the same thing will happen if they buy the house. People like to think that they might actually be able to use a garage!

30. Find out what organizations in your area pick up items. Such organizations often include Goodwill, The Salvation Army, veteran's associations, and other local organizations. Another good way to get rid of items you no longer need is to use Freecycle. Here, you can list items you no longer need and then choose someone from a list of takers to have them. The best part is the person wanting the items comes to your home on your timetable to get them. You can find a freecycle group in your area by going to www.freecycle.org.

31. Get everything off the counters. Everything. Remove all appliances from the countertops. Even the toaster. Doing so will make you kitchen look larger and more spacious. It will also keep the buyer's eye from stopping on a particular item rather than getting a full view of the room. Put the toaster in a cabinet and take it out when you use it. Find a place where you can store everything in cabinets and drawers.

32. Charlie Ann Taylor of C.A.T.'S ROOMER has a lot to say about these focal points in your home: The kitchen and baths need to be model perfect because the kitchen and baths sell the home.

33. Have you taken away so much that your home no longer has any sparkle? Although YOUR personality needs to be removed, the personality of the house still needs to come through.

34. One of the most important factors to consider when placing items into a room is the idea of transition. As your eye moves around the room, you do not want it jumping from place to place or piece to piece. The movement of the eye should flow - not bounce. To accomplish this, you want to avoid abrupt changes in height.

35. Gail Jackson of Weichert Realtors explains that home staging does not need to be expensive: Paint is very inexpensive and gives you a big bang for your buck. Although a bit labor-intensive, painting is not expensive and gives your home a new, fresh, clean look.

36. Give each room a touch of the unexpected. This can be done with artwork placed in an unusual way, using a piece of furniture in a way that you normally would not use it, or adding a dash of color where the eye least expects to find it. Be creative.

37. Follow the "like-with-like" rule of the thumb. Tall with tall, small with small, wide with wide, and narrow with narrow will guide you throughout the decorating process. Mimic the shape of each space you are decorating. For example, a sofa should be accessorized with horizontal art so you are complementing wide with wide.

38. Marcia Smart's (Smart Interior Styling) tip is to: Recognize that your major competition comes from newer homes. People will take a newer home over an older home if all else is equal. That is why it is essential to give an older home something that puts it above the rest.

39. My favorite decorating tip is to look outside the box. You do not always need to use an item for its intended purpose. For example, do not just use a tablecloth for a table; make it a slipcover for your ottoman. It can save you lots of money and time when you purchase a tablecloth at a local chain verses buying yards of fabric and by purchasing the correct size it can become a no-sew project. Always keep your eyes open for new uses for everyday items.

40. Select a focal point for your room and subtly orient other furnishings and some lighting toward it. If there is a fireplace, it will nearly always be the focal point; other focal points might be bookcases or built-in shelving to house lovely collectibles, or a sofa with a striking painting on the wall above it.

41. Donna Reynolds of Home Rearrangements explains that there are two times that you can angle furniture: In a square room and if a room already has an angle in it, like a corner fireplace or a bay window.

42. In a bedroom, unless you have no other choice, you want to see the foot of the bed when you walk in. You do not want a bed to cross the doorway because it blocks the flow and makes the room look smaller. It is better to see the foot so that you can see the pretty pillows.

43. One of the easiest ways to create color is to add beautiful accent pillows to any room. Introducing a complementary accent color in a room can make a room "pop" and come alive. Accent pillows not only add color but texture and warmth as well. By adding throw pillows in a coordinating or contrast fabric to a couch chair, bench, or bed, you can transform your room and add instant warmth inexpensively!

44. One way to see if your home has curb appeal is to walk across the street and have a good look at your house. where did your eyes go? They should be drawn to the front door and entryway. If they are not, then you need to do something about it.

45. Kimberly Cash of ASPM Tidewater Home Staging Consultants, Inc. offers the following advice: People do not see their house as a product that you have to market and sell. However, selling your home is like packaging. People look at the outside before deciding to come in. Then they look at the inside before deciding to buy, and it is mostly based on looks. It is packaging. You need to wrap up your product, your home, like a beautiful package.

46. Once you have gotten the front yard in shape, it is time to work on the backyard. The most important areas of the backyard are the patios, decks, and porches. Getting these areas up to date will give the buyers a feeling that they are getting bonus space.

47. New window treatments can make a world of difference. They can add value and style to your home and be something the buyers view as a bonus - something they will not have to buy or replace when they move in. The caution, however, is that you keep the treatments neutral (keep your personality out of the room) and that you make sure they do not block the amount of light that comes into a room.

48. Debra Blackmon of Blackmon Design offers the following suggestion for your windows:  Many homes have the louvers of the blinds turned down to face the floor. A more enhancing way to use blinds is to turn the louvers up to reflect much-needed ambient light onto the ceiling.

49. Sometimes, refreshing a room can be as easy as changing a light bulb. Bulbs like GE Reveal filter out yellow rays common in ordinary light bulbs, making colors, fabric, walls, and artwork appear richer, crisper, and more vivid.

50. Add pampering accessories! Things like bath bubbles, fluffy towels, and candles not only add the pampering feeling you are trying to achieve, they offer visual comfort with color and texture as well. Psychologically, we all crave that long soak with a good book, and even if we are only in the bathroom for 10 minutes to whip on some make up, just seeing those items displayed promises wonderful baths to come!

As you know, your home becomes a house - a product for sale. Staging your property gives you a more competitive edge in today's market by transforming it into a marketable product. A staged property helps you sell your investment for top dollar and is the first line of defense over lowering the price. Do not settle for less at the closing table simply because you did not understand the value of staging or did not want to take the time or spend the money to do it properly.

In this world of busy buyers, a property has to be staged to appeal to their imagination. They want to be able to look at your home and know that they can live there. They want to know that their furniture will fit. They want to know that everything is in "move in" condition. That is why staging is so important. It allows buyers to imagine themselves living in your home with their stuff, not yours.

Presentation is everything and staging is presentation! The result is improved functionality and complementary space. Following the techniques in this book will maximize your equity while reducing the market time for your home.

Author Bio: Teri B Clark is a professional writer and published author. Her most recent book, 301 Simple Things You Can Do To Sell Your Home NOW and For More Money Than You Thought, explains these tips in more detail and offers many, many others. To learn more about Teri's latest book, visit http://staging-your-home.blogspot.com

Article Source: http://www.ArticleGeek.com - Free Website Content

 *Making Repairs

Buyers will have a home inspection performed on your home.  Repairs can slow the closing process or can even break a deal.  We recommend you have a licensed home inspector perform an inspection prior to listing your home and we will help you decide if any items need addressed. 


What is a home inspection?  - NC Real Estate Commission

 It is an evaluation of the visible and accessible systems and components of a home (plumbing system, roof, etc.) and is intended to give the client (usually a homebuyer) a better understanding of their condition. It is also important to know what a home inspection is not! It is not an appraisal of the property's value; nor should you expect it to address the cost of repairs. It does not guarantee that the home complies with local building codes (which are subject to periodic change) or protect you in the event an item inspected fails in the future. [Note: Warranties can be purchased to cover many items.] Nor should it be considered a "technically exhaustive" evaluation, but rather an evaluation of the property on the day it is inspected, taking into consideration normal wear and tear.

Can anyone perform a home inspection?

No. Only persons licensed by the North Carolina Home Inspector Licensure Board are permitted to perform home inspections for compensation. To qualify for licensure, they must satisfy certain education and experience requirements and pass a state licensing examination. Their inspections must be conducted in accordance with the Board's Standards of Practice and Code of Ethics.

Why should I have the home inspected?

Most homebuyers lack the knowledge, skill and emotional detachment needed to inspect homes themselves. By using the services of a licensed Home Inspector, they can gain a better understanding of the condition of the property, especially whether any items do not "function as intended "or "adversely affect the habitability of the dwelling "or "warrant further investigation" by a person who specializes in the item in question.

How do I request a home inspection, and who will pay for it?

You can arrange for the home inspection or ask your real estate agent to assist you. Unless you otherwise agree, you will be responsible for payment of the home inspection and any subsequent inspections. If the inspection is to be performed after you have signed the purchase contract, be sure to schedule the inspection as soon as possible to allow adequate time for any repairs to be performed.

What should I do if I feel something has been missed on the inspection?

Before any repairs are made (except emergency repairs), call the inspector or inspection company to discuss the problem. Many times a "trip charge" can be saved by explaining the problem to the inspector who can answer the question over the telephone. This also gives the inspector a chance to promptly handle any problems that may have been overlooked in the inspection.

*Showing Your Home

Your house has been staged, inspected, and cleaned from top to bottom. Your price has been set.  Now it’s time to show your home.  It is important to leave your home while agents are showing it to potential buyers. Buyers are more comfortable discussing the home's merits and drawbacks with their agent if you are not there; they might even feel like they are intruding if you are home. We are experienced in dealing with others on your behalf and have a fiduciary duty to represent your interests in the best possible way; let us do the talking. This way, you won't accidentally volunteer information that we could present in a better light during negotiations.

Negotiating
- Back to Top
With our experience, we can help your negotiations be less stressful, fair for both you and the buyer, and save you time and money. 

The highest price offer isn’t always the best one.  We will help you understand all the terms and conditions of the offer(s) you receive so you create a transaction that best suits your needs.

We’ll guide you through counteroffers, getting the final offer in writing, handling earnest money deposits, and make sure your transaction continues on schedule.  

The Closing Process
- Back to Top
Escrow is the process that starts when your offer is accepted by the seller.  It ends when you become the new registered owner of the property.

From Contract to Closing

 

Parties Involved                                                 Action

Buyer, Seller, Agents                                           Contract Successfully negotiated, all copies delivered

Buyer, Seller, Agents                                           Home inspection ordered, performed.  Report issued.  Repairs negotiated.  Termite Inspection ordered and preformed.  Any treatment paid by sellers. 

Buyer                                                                     Makes formal loan application, pays for credit report & appraisal.

Lender                                                                   Orders credit report, appraisal, solicits verifications.

Seller, Appraiser                                                   Appraisal performed.  Report sent to lender.

Lender                                                                   Receives all documents, sends file to Underwriter.  Sends to PMI Company if necessary.  Loan commitment issued.

Buyer or Agent                                                     Notifies Attorney to do Title Search, Prepare Sellers deed        Homeowner’s Insurance is purchased                                             Closing date is set:  All parties notified.

Buyer                                                                     Utilities ordered in Buyer’s name as of closing date. 

Seller                                                                      Final meter readings for utilities ordered as of closing date

Lender                                                                   Forwards final closing package to Attorney.

Attorney                                                                Runs final update search on Title.  HUD statement to Agents.

Agent/Broker                                                        Forwards Earnest Money Deposit to Attorney.

Buyer, Agent                                                        Perform final walk-through inspection prior to closing

Buyer, Agent, Seller, Agent                                Settlement:  Seller signs Deed.  Buyer sign Note & Deed of Trust.  Title Insurance issued.  Buyer pays Attorney by Certified Check per HUD-1 statement. 

Attorney                                                                Closing:  Records all necessary documents at County Court House.  Disburses funds:  Agent’s check, Seller’s proceeds, all items agreed upon at settlement meeting.   

Closing
- Back to Top
Just before your closing date, the lawyer will provide you with a closing or HUD statement that details all the financial details of your home purchase.  We will go over this with you to ensure its accuracy.  At closing, you will sign the final documents and the lawyer will record them at the county courthouse.  You are now the new owner! 

                                                    Buyer and Seller costs

Both parties have costs related to the transaction.

In general, the Buyer usually pays for the following (as applicable):

  • Loan origination fee
  • Loan discount fee
  • Loan processing fee
  • Credit report
  • Appraisal fee
  • Interest on new loan from date of funding to first payment date
  • Mortgage insurance
  • Mortgage insurance reserve
  • Hazard insurance premium
  • Hazard insurance reserve
  • County tax reserve
  • Title insurance
  • Settlement or Closing Fee
  • Title Examination
  • Attorney Fee
  • Recording fees for deed and loan documents
  • Notary fees
  • Pest and contractor’s inspection fees
  • Prorated county property taxes
  • Home Warranty Plan (optional)

In general, the seller pays for the following
(as applicable):

  • Real estate commission
  • Document preparation fee
  • Attorney Fee
  • Payoff of existing Seller’s loans
  • Any corrective work agreed to by Seller
  • Judgments, tax liens, etc., owed by Seller
  • Recording fees to clear documents of record
  • Notary fees for Seller’s recorded documents
  • Any unpaid bonds, assessments
  • Any unpaid homeowner’s dues
  • Prorated country property taxes
  • Home warranty plan (optional)

© 2008 Smoky Mountain Getaways