Welcome, new buyers! We know that when you start thinking about buying a home, there is a lot of new information being thrown at you, and it can be overwhelming. We hope you can use this free resource to better understand the process of buying a new home.
Please feel free to contact us if you need any additional guidance or have questions!
In North Carolina, Due Diligence Money is a non-refundable fee paid directly to the seller in exchange for time to investigate the property, while Earnest Money is a refundable deposit held in escrow to show good faith and is only forfeited if the buyer backs out after the due diligence period. Both are paid at contract signing and credited toward the purchase at closing.
As a licensed Greensboro NC Realtor, I provide homebuyers exclusive access to Triad MLS data, including property disclosures and agent-only remarks not visible on Zillow or public websites. Learn how to research neighborhoods legally and effectively, avoid costly surprises, and make informed offers with professional guidance.
When you buy real estate with anyone, married, friends, or relative, know and understand how your new real estate will be titled. Also, what to do if you get married after buying property.
Looking to buy a real fixer upper or cash in your own skills on some sweat equity in North Carolina, sellers and their real estate agents are legally required to disclose known material facts to potential buyers. This often happens through the Residential Property Disclosure Statement, a form where sellers answer questions about the property’s condition. But here’s the kicker: not every material fact fits neatly into that form. For instance, if a seller knows about a pending foreclosure notice or a septic system that’s only permitted for three bedrooms (not four), they need to spill the beans.
The first step to buying a home is knowing how much home a lender will lend money on after seeing your financial data. Knowing all you numbers is the first ingredient, unless you are a cash buyer. If you are a cash buyer you only need a proof of funds.
Discover North Carolina real estate disclosures, including RPOADS, MOGS, and lead-based paint requirements, to ensure transparency in home buying and selling. Learn why disclosing material facts before signing a contract protects sellers and empowers buyers in this comprehensive NC guide.
Compare Conventional vs FHA vs VA loans to find the best mortgage for your homebuying needs, with details on eligibility, costs, and restrictions. Use our 2025 guide to navigate loan options and apply with confidence!
Purchasing a home in North Carolina involves a unique due diligence process, requiring buyers to pay a non-refundable due diligence fee and earnest money, with the buyer typically selecting the closing attorney and both parties negotiating terms like the closing date using the Offer to Purchase and Contract (Form 2-T). For detailed guidance and definitions, consult resources from the North Carolina Realtors and the North Carolina Real Estate Commission.
Discover essential NCREC forms for Greensboro, NC home buyers and sellers—like the WWREA Disclosure, RPOADS, and Offer to Purchase—at Joy Watson Real Estate, with expert guidance and downloadable PDFs to simplify your North Carolina real estate journey.
Realtors and real estate firms in Greensboro, NC, incur annual costs of about $1,300 for individuals or $1,800 for firms (including a $500 Triad MLS setup fee), with GRRA’s $655 membership covering NCREC licensing ($55), NC REALTORS® dues ($185), and NAR fees ($195), plus separate Triad MLS costs ($300) and Dotloop subscriptions ($383.88), requiring CE by June 10, GRRA dues by July 1, quarterly MLS and tax payments, and tax filings by March 15/April 15, with firms registering with the NC Secretary of State and NC Department of Revenue for Greensboro NC real estate compliance.
Prequalification provides a quick, informal estimate of your mortgage eligibility based on basic financial information, while preapproval is a more formal, verified commitment from a lender after a detailed review, giving buyers a stronger position in North Carolina’s real estate market.
In Greensboro, NC, as of March 2025, first-time homebuyers can access programs like the NC Home Advantage Mortgage™ and Housing Connect GSO, offering affordable loans and up to $15,000-$50,000 in down payment assistance, with income limits ranging from $60,480 to $111,000 depending on household size and program.
Greensboro, NC, whispers big-city buzz with a small-town soul. Joy & Eric adore Greensboro NC’s Idlewood/Midtown’s neighborhood vintage charm—think quirky shops like Just Be and serene trails steps away. Book a short-term rental with Joy Watson Real Estate and dive into a city bursting with indie vibes, hidden gems, and lush escapes. From cozy cafes to historic haunts, Greensboro’s secrets beg you to unpack and explore. Ready for an adventure that feels like home?
