|
|
 |
|
|
Bowlin Law Offices
|
|
|
|
|
|
|
|
|
|
|
Concentrating in the Practice of Real Property Law
|
|
|
|
 |
 |
|
|
Welcome to the Frequently Asked Questions (FAQ page). Below, we have tried to answer the most common questions about selling your own home If you find that your question is not answered on this page, please E-mail us rich@bowlinlaw.com or call us during business hours at (919) 876-0244.
|
|
|
|
- What is the first thing I need to do to sell my home?
- Clean your home and put a FOR SALE sign out front.
- Be sure you have a purchase contract handy.
- What do I do if I accept someone’s offer?
- All real estate transactions need to be in writing to be valid. This is where the Purchase contract comes in. After you have verbally accepted an offer, you need to formalize it by properly filling out the Offer to Purchase and Contract and having all parties sign. Remember, spouses of the seller need to sign the contract as well. It’s also very important to be specific in the contract, particularly about items you plan on taking with you or leaving behind, like curtains and appliances.
- Should I help finance the purchase for the buyer?
- It can be done but this is a tricky area and you should contact us to discuss the terms. Many sellers have fallen into this nightmare trap and lost a lot of money.
- If I’m the buyer should I pay for a home inspections to be done?
- Yes. Never buy a home unless you’ve had it properly inspected. Remember, once the sale has closed it becomes very difficult to get the seller to pay for repairs that were needed prior to the closing.
- If I’m the buyer should I have a survey done?
- Yes. While some title companies will give a home buyer title insurance covering survey matters without a survey, it’s always a good idea to know where your property boundaries are located. This is particularly true if the property is rural or has a fence on it. If you are unsure on this give us a call and we’ll explain the details to you.
- What information do I need to give you to get things rolling?
- You’ll need to fax the signed Purchase Contract to (919) 954-9378.
- If you are the seller you’ll need to fill out the FSBO Seller’s Worksheet and click the “submit” button on the form.
- If you are the buyer, you’ll need to fill out the FSBO Buyer’s Worksheet and click the “Submit” button on the form.
- What Happens on the day of closing?
- We’ll have prepared all the paper work before you get to our office. You and your spouse will need to appear. Be sure to bring picture ID with you for notary verification purposes.
- The closing itself will typically take between 1/2 hour to 1 hour. At the conclusion of the closing we’ll make copies of all the documents you signed.
- After the closing is over, we need to record all the documents at the Register of Deeds before we can disburse any funds. If you are the seller this means it may be a couple of hours or longer before your funds are ready. Be patient; the law requires that all deeds and deeds of trust be recorded before funds are released. Closings after 2pm often do not fund until the next day.
- Lastly, if you are the buyer and need to bring purchase funds to the closing, these funds will need to be in the form of a certified check or money order. Funds placed into an attorney’s trust account must be immediately available (with no “check clearing time”); thus the need for these types of checks.
|
|
|
