Buying Highlands NC Real Estate, Dealing with Issues
Buying Highlands NC real estate often means dealing with issues. While some transactions may run smoothly from start to finish, others offer a bumpy ride. A real estate contract has many steps and each one can present issues. A Highlands NC REALTOR ensures that buyers have a sounding board, an advisor, and assistance to face each and every issue that arises.
Where do issues arise?
Issues can arise during a number of steps. The home inspection, appraisal, and title are all common pieces of a real estate transaction that can produce issues. A home inspection will reveal items that require repairs or replacement. However, sometimes these are small, easy fixes, and other times they are large expensive projects. But, whether issues are large or small, they can be dealt with. Either a seller will make repairs, offer cash at closing for the buyer to make repairs, a buyer can walk away, or a buyer can take on the issues.
A home loan will be in jeopardy when a Highlands NC home for sale appraises at an amount that is lower than the contract price. No lender wants to loan more money than a home is worth. As a result, there are two options for a buyer: a buyer can come to the table with more money out of pocket or walk away from the deal. Of course, there is always an option for a seller to come down in price as well. Financial issues related to the sale of a home can be stressful but they can be dealt with.
The title for a Highlands NC home is much like the title for a car. This will state clear ownership as well as any issues toed to a home. Issues can be liens, which means that the sale of the home requires payment for work completed, money due for unpaid utilities, or perhaps unpaid taxes. Other items attached to a title could be in the form of easements or encroachments. Title issues can be small hiccups or big debts but, regardless, they can be dealt with.
Learn more about buying Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying a home in Highlands NC. We welcome the opportunity to update you on the market while preparing you for your property search. Let our knowledge and experience serve as your guide to buying Highlands NC real estate.