Moving To Cary NC - What you must know before buying a house in Cary NC 2022 - The Process

Are you considering moving to Cary, North Carolina? If you are, then this is what you must know before buying a house in 2022, I am going to cover the process.

When moving to Cary North Carolina, you must know before buying a house here that the process might be very different. There is an incredible amount of people moving to the Cary area every single month. Besides home buyers, companies like Apple, Amazon, Toyota, SAS, Lenovo, IBM, Epic Games, just to mention a few have their headquarters or are opening their offices here. No wonder homebuyers are facing very strong competition.
Homes are being sold tens or hundreds of thousands of dollars even before they hit the market, regardless of their price point!
If you want to even stand a chance in this extremely competitive market, you must know the process of buying a house in Cary NC, and have a game plan in place!
In a nutshell:
1. Before looking at homes, PLEASE talk to a Lender to find out exactly what you qualify for
2. Chat with me about your needs so we can come up with the right game plan
3. Start your search
4. Make an offer the seller can not refuse
5. Go "under contract"
6. Order your appraisal
7. Do your inspections
8. Negotiate repairs
9. Order your home insurance
10. Set up your utilities
11. Clear to close
12. Settlement day

TITLE: Moving To Cary NC - What you must know before buying a house in Cary NC 2022 - The Process

Time Stamps:
00:00 Moving to Cary NC, What you must know before buying a house in Cary NC 2022 - The Process
4:01 First Step: Do not start looking at homes before you talked to a lender
04:47 What is a Due Diligence fee and why is it important
06:15 Second Step: What is an Earnest Money? Is it mandatory?
08:09 Third Step: The importance of the Due Diligence Time
12:16 Guideline on how much money you might need to purchase a $500,000 home. This includes downpayment, appraisal, closing costs, attorney fees, inspections, and the difference between the appraised value and contract price.

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[javieralvarezloanofficer]

In my experience, there are a lot of Loan Officers that do not know what they are doing when it comes to calculating complicated return such as, 1120, 1065 with multiple assets and dividends. So my question is if a Loan Officer gives me an approval letter based on his findings we look for a home go under contract i give you the 20% down payment as Due Diligence and weeks later find out that the undewriter did not approve the loan and the DTI is off by a high number and this is due to the error in the original calculation from the loan officer, what happens in this case to the Due Diligence being i am not backing but lender error? I look forward to your comment

[alexvelez]

I get bad vibes from this due diligence, just sounds like they want to take all my money down to the penny. Why do you need to know how much I have in my savings? Shady

[dr-ikyh]

Does the buyer share “due diligence” amount he/she is willing to pay in the offer? Or is it discussed later?

[javieralvarezloanofficer]

I have a few questions, If a seller hides materia facts about a home that is crucial to the sale once under contract and money has changed hands what then? Also no bank is going to lend what an asset is not worth is there room for an addendum of sale price if the appraisal does not come up at sale price and renegotiate or are we stuck and back against the wall 1. lose the Due Diligence or 2. pay up the difference this is not making sense to me.