When can I consider my Asheville home sold? This is one of the most common questions real estate agents are asked. While the laws vary in different states, generally the contract is binding once both parties sign the offer. At that time the closing process begins. This is also the time when sellers …
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Home Inspection Red Flags
Most Asheville homebuyers realize that they can’t expect a perfect home inspection report when buying a resale home. Cosmetic flaws and minor repairs are easily managed and shouldn’t be deal breakers. That said, there are some issues that are more serious and should give the buyer pause if not …
Child Friendly Design
Have you ever been to a home where it’s clear that the kids have taken over the space? It’s obvious that the home has become more of a playground, filled with toys and bright-colored plastic everywhere. Homes like this often sacrifice style for durability or stain-resistance. Maybe this is your …
Vacation Rental Next Door
While vacation rentals are far and few between within the Asheville city boundaries, outside of the city limits there are many short term rentals within Buncombe and the surrounding counties of Western North Carolina. So while rare, it's important to consider the following scenario... You live …
Budgeting for Closing Costs
Saving for a down payment in preparation for buying a new Asheville, NC home is pretty common knowledge. With the mortgage meltdown, most mortgages that allowed zero down payments disappeared. While FHA and VA loans still offer little to no money down, most potential homebuyers will need to save at …
What Is Manual Underwriting?
Manual underwriting is how all loans were evaluated before computer algorithms took the human logic out of the process. Simply stated, a loan that is manually underwritten is one where a person evaluates the file for the borrower’s ability to make the loan payments. For those who have had credit …