Finding and purchasing a home can be a very exciting time for a person. It can also be overwelming if they are trying to do it on their own. That is where a buyers specialist comes in and helps with the entire process, especially understanding the parts of the contract. If you are buying a home, you really need to know the ins and outs of the OTP (Offer To Purchase) contract. A few points of clarification that may commonly be questioned: Due Diligence Period and Negotiating Repairs: During the agreed upon Due Diligence period, the buyer has the right to inspect the property in any way they desire. The seller is to give them access to the home within reason. Any and all repairs that are negotiated should have the proper paperwork agreed to and signed prior to the end of the due diligence time period. The repairs don't have to be completed prior to the ending of the DD period but all paperwork must be signed in order to be binding. If for any reason during the DD period, the buyer chooses to walk away from the contract, the Earnest $ deposit is protected and should be returned to the buyer without dispute. Repairs are a negotiation and must be agreed to. Per the contract, any issues found in the inspection period can be negotiated between the buyer and seller to be addressed/repaired but the seller is not bound to make any repairs. If there is no Due Diligence $ given, does the buyer still have the right to an Inspection period? The answer is yes. No matter if there is or is not an amount of DD money given and regardless of the amount, the buyer has the same right to the inspection period based on the contract..............unless they chose not to have one, but that would have been their choice. Are you looking to purchase a home in the Raleigh area? Do you want a large new construction home in Wake Forest? Is your dream home to have 2 acres in Fuquay Varina? No matter what you want, the offer to purchase papework is the same and so are your rights. Know the ins and outs of the contract.
Author:Chad Wingler Phone: 919-323-2616 Dated: July 27th 2014 Views: 1,082 About Chad: Buying a new house is one of the largest steps a person makes in their life; emotionally, physically...
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When it comes to providing the utmost in personal service to his clients, Peter Kima is on the cutting edge. This family man's demanding work ethic was passed on from his parents. His mother, a first generation German-American, forged a new life in a strange country. His father, who has not missed a day of work since 1972, led by example. Peter does not rest until he's done everything in his power to help you achieve your goals. As a husband and a father, his understanding of the importance of a family's home is reflected in his every move.
When Peter is not helping one of his clients, he can be found volunteering his time running a charity Lobster Bingo event, cooking burgers at the local Fire Station to benefit the children in the community, delivering dictionaries to every 3rd grade student in Wake County with his Kiwanis Club, collecting school supplies for the needy, or ringing the bell for the Salvation Army. His favorite pastime, however, is spending time with his wife, Jennifer, and their two sons, Cole (12) and Camden (9 going on 20!).
Peter has resided in Germany, California, Georgia, Indiana, Massachusetts, North Carolina, Oregon and Vermont. Having lived in North Carolina for over 10 years, Peter refers to North Carolina as home. Don't underestimate the value of Peter's moving experience. He and his team understand the rigors involved in making a family move. Rely on that experience to help you.
I have been helping buyers in the Raleigh Real Estate market for over
"Kristine and I would like to extend a sincere "thank you" for all your efforts in our home buying experience. During this entire experience we have come to look at you as more of a "friend" than just our real estate agent. The way you followed through with both written and verbal commitments is an honorable trait that you should be proud of. It makes us feel good to know that there are agents that go the extra mile like you have done for us. "