Buying A Home.

• Diverse options: From coastal towns and mountain retreats to growing cities and suburban communities, North Carolina offers a wide range of home styles and price points.

• Local factors: School districts, proximity to military bases (like Fort Bragg), job markets, and lifestyle amenities can all impact property values.

• Market trends: Work with a real estate professional to review local market reports, average days on market, and neighborhood comparisons.

• Pre-approval matters: Getting pre-approved shows sellers you’re a serious buyer and helps define your budget.

• Loan options in NC:

  • Conventional loans

  • FHA, VA, and USDA loans

  • First-time buyer programs through the North Carolina Housing Finance Agency (NCHFA), which may offer down payment assistance and competitive rates.

• Closing costs: Buyers in NC typically pay 2–5% of the purchase price in closing costs.

North Carolina has a unique “Due Diligence” period, which sets it apart from many states.

• Due Diligence Fee: A non-refundable fee paid directly to the seller when your offer is accepted. It secures your right to investigate the property.

• Earnest Money Deposit: An additional deposit held in escrow, credited back to you at closing.

• Due Diligence Period: A negotiated timeframe (often 2–4 weeks) for inspections, appraisals, and financing approval. During this period, you can cancel for almost any reason, but you forfeit the due diligence fee.

• Home inspection: Strongly recommended to identify structural, electrical, plumbing, or roof issues.

• Specialty inspections: Radon, termite, septic, or well inspections may be advised depending on the property.

• Appraisal: Required by your lender to confirm the home’s market value.

• Attorney-based closings: Unlike many states, closings in NC are conducted by real estate attorneys, not title companies.

• Title search: Ensures there are no liens or ownership disputes.

• Homeowners insurance: Required by lenders and highly recommended for all buyers.

• Final walkthrough: A chance to verify repairs and ensure the property is in the expected condition before signing.