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3 Important Misconceptions about Flat Fee Realtors

Selling or buying a home is a time-consuming process. And involving a good experienced realtor can make the difference. Most buyers and sellers have plenty to do beyond the sale and finding the right team to work with is critical. Flat Fee Realty in the Triangle, Wilmington, and Lake Norman is a valuable partner for many homeowners and home seekers in the Tar Heel State. While the Flat Fee opportunity might be considered a little unconventional, it is a safe, cost effective, and simple way to sell a home in North Carolina.

Our professional team of local agents present three misconceptions about flat fee listings and how we market and sell homes:

  • Buyer’s agents won’t show our homes: Most flat fee listings do in fact offer commission to the buyer’s agent. The amount of commission to be gained from a sale should have no effect on what houses an agent shows to clients. The buyer’s representation agreement or the offer to purchase will typically include how commission is paid to the partnering agent.
  • Flat Fee Realty is almost the same as a (FSBO) For Sale by Owner: When a house is being sold by the owner, every aspect of the process is up to the owner/seller: marketing, pricing, closing, negotiations, and legalities. Flat Fee Realty manages many of these services on behalf of the client.
  • MLS is Crucial: Real estate has changed with the evolution of technology. While a multiple listing service (MLS) is important and still used, it is not the only tool that Flat Fee Realty Agents use. In many cases, it still can be the first place that our agents go to look for reviewing homes for clients. However, sites like Facebook, Pinterest, Zillow, Trulia, and more are also assessed and used to showcase homes.

Our local Flat Fee Realty listings offer great benefits, including great money savings, to both home buyers and home sellers. If readying a home for sale in North Carolina, it is important to consider a flat fee listing. Please contact us today to find out more about what we can do for you! At Flat Fee Realty, we offer everything that a seller would need and we do it with our clients in mind. We are the Future of Rael Estate in the Triangle, Wilmington and Lake Norman.

Yes! The home in the picture is for sale in Cary!

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This post on selling and buying a home in North Carolina is brought to you by the team at Flat Fee Realty LLC and is intended for informational purposes only.

Look for our new locations in Wilmington and Lake Norman/ Charlotte

Find us on Instagram!

The Future of Real Estate!

Flat Fee Realty

Triangle: 919 342 5230 

Lake Norman/ Charlotte: 704 659 3560

Wilmington: 910 225 7721

Find and like us on Facebook!

Contact Us

Terry@FlatFeeNC.com

 

3 Important Financial Tips for First-Time Home Buyers in North Carolina

Rent and lease prices are on the rise across the nation, and it is the leading cause for the increase in first-time home buyers here in the Triangle and across the United States. According to Zillow’s 2016 Consumer Housing Trends report, 50% of buyers are under age 36, and 47% of them are buying for the first time. This means there are an array of buyers in the market who need guidance from the local area experts, Flat Fee Realty NC.

Everyone knows that one of the biggest factors associated with buying a home is money. Buying a first home can be expensive, risky, and it can leave North Carolina homebuyers wondering if they’re making the right decision. Luckily, homebuyers in Wilmington, the Triangle, and Lake Norman have the expertise of Flat Fee Realty’s knowledgeable team of agents that are willing and ready to help buyers plan their financial investment in the right way.

Flat Fee Realty shares three important financial tips that are most important to first-time home buyers in North Carolina:  

  • Assessing geographic considerations: It’s all about location, right? Without proper planning, buyers may find their closing costs will skyrocket due to the applicable taxes in a specific area. The rates can vary across street names, so it’s best for buyers to be aware of the rates in their target locations and plan for them.
  • Avoiding Private Mortgage Insurance (PMI): Most mortgage lenders prefer a 20% down payment on a new home. If buyers offer something less, they are likely forced into other fees instituted to protect the lender; this situation can include private mortgage insurance (PMI). A full down payment will help to reduce interest rates on the loan overall and avoid the extra monthly fee associated with PMI.
  • Making sound financial decisions: No one can truly predict the future, and there may be potential financial benefits ahead for a first-time home buyer that might convince them to shop out of their budgeted price range. However, anything can happen, and it’s best to not count on money that might not be there in the future. First-time buyers should be realistic about what they can afford need to stay within predetermined means.

Buying a home for the first time is a huge investment; and Triangle, Lake Norman, and Wilmington buyers deserve a local dedicated team on their side. Our agents at Flat Fee Realty can help first-time buyers plan their finances and make sure nothing comes as a surprise. Contact us today to see how we can help!

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This post on selling and buying a home in North Carolina is brought to you by the team at Flat Fee Realty LLC and is intended for informational purposes only.

Look for our new locations in Wilmington and Lake Norman

Find us on Instagram!

The Future of Real Estate!

Flat Fee Realty

Triangle: 919 342 5230 

Lake Norman: 704 659 3560

Wilmington: 910 225 7721

Find and like us on Facebook!

Contact Us

Terry@FlatFeeNC.com

 Photo: pixabay

3 Reasons Home Closings Can Be Delayed in the Triangle

Buying a home is a major milestone for Triangle residents. However, the lengthy process of viewing listed properties, making offers, and utilizing due diligence periods is usually worth the time and effort, especially when the closing date is in sight.

There are times when the process does not go as planned and home buyers in the Raleigh, and the rest of the Triangle find stumbling blocks as they head to closing. Our expert real estate agents at Flat Fee Realty have seen last-minute surprises that that can hamper the process, but the collective expertise and guidance of each agent has worked through the setbacks.

Flat Fee Realty offers three common problems that home buyers may encounter during the closing process and how to manage them:  

  • Home appraisal issues: Transactions for buyers and sellers always include a bank appraisal of the property –they’re imperative for buyers acquiring a mortgage. The bank’s appraisal may differ from the seller’s original listing price, often due to repairs the bank requires before the loan process. The closing may be delayed if this issue arises, and having the guidance of an experience Flat Fee Realty agent can prevent this from being a surprise at the last minute.
  • Title problems: Knowledgeable and practiced agents are an asset for buyers in this regard. We are able to ensure that the buyers are acquiring a clean title and that it will not impact future financing or sales of the property; we research the title to ensure the buyers are not buying a property with liens against it.
  • Additional documentation: Mortgage lenders are scrupulous in their reviews of buyer funds. A simple pre-approval may cause buyers to assume everything is fine, and they could be, but there are numerous documents that are required to finalize the lending process. Often, lenders will look more deeply into credit and bank statements even days before closing. The request for additional documents, such as explanations for recent deposits, may delay the process. Our Flat Fee agents can help ensure buyers are prepared with all documentation that will be needed to avoid confusion and miscommunication.  

Buying a home needs to be a joyous occasion for Triangle buyers, even if it can be somewhat of a headache. There’s no need to worry about any of the hurdles of buying and closing on a home with a friendly and trustworthy agent from Flat Fee Realty assisting with the process. For the best service in Triangle real estate, contact us today!
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This post on selling and buying a home in North Carolina is brought to you by the team at Flat Fee Realty LLC and is intended for informational purposes only.

Look for our new locations coming soon in Wilmington and Lake Norman/ Charlotte

Find us on Instagram!

The Future of Real Estate!

Flat Fee Realty North Carolina

Raleigh and the Triangle: 919 342 5230

Lake Norman and Charlotte: 704 659 3560

Wilmington: 910 225 7721

Find and like us on Facebook!

Contact Us

Terry@FlatFeeNC.com

Photo: home-1353389_1920, pixabay.com


 

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