Ivester Jackson Blackstream 2023 Buyer's Guide

Buyer’s Guide

Benefits of Using a Buyer’s Agent • Research and Expertise: • Research areas and share expertise • Furnish real-time market data, showing trends and competitive activity

• Property Search and Selection: • Preview homes • Locate appropriate properties • Advise on properties the buyer may not have noticed • Furnish private/pocket listings as options • Advise on appreciation potential and historic property track record • Recommend emerging areas the buyer may not have considered

• Guidance and Negotiation: • Act as a tour guide for the entire area the buyer is considering • Advise on proper amounts for due diligence/earnest money and terms • Structure contracts • Arrange multiple inspections, appraisals, verify permits, and representations • Interface with local governance on property compliance and modifications

• Concierge Resources and Services: • Identify quality contractors, interior designers, and vendors • Furnish vendor lists of professional trades • Furnish professional services relationships with attorneys, financial advisors, CPAs, insurance, and banking

• Lifestyle and Daily Needs: • Aggregate school, lifestyle, dining, lodging, and buyer needs information • Assist with day-to-day lifestyle needs, such as doctors, hair and nail salons, clothing stylists, nannies, elder care, etc • Recommend community and special interest spaces such as equestrian, boating, golf, shooting, etc

Buying a Home in North Carolina • Research areas you are targeting online • Select an agent with experience in those areas • I dentify homes you’d like to see (your agent

can set you up with a search) • I f your agent has a buyer’s home search app,

download that to your phone •B e prepared to visit new homes immediately as

they come on the market •C onsider FaceTime tours for quick access, but

understand due diligence fees are upfront and non-refundable once an offer is signed •L ine up financial resources & documentation to

move quickly

Multiple Offers •G o the extra step to get pre-approved, not just pre-qualified.

Have your pre-qualification letter, cash or cash equivalents such as Ribbon, or a letter from a licensed financial advisor available for cash transactions.

•C onfirm with the listing agent that there are multiple offers

in hand

• Ways to differentiate your offer • Cash • Quick Closing Time Frame • Rent Back Option for Seller • Short Due Diligence Period • Waive Inspections • Appraisal Waiver • High Due Diligence Fee • Quick wire/deposit option • Can be split into two payments to “buy” days to inspect •B e careful starting low, this can alienate a seller who gets

another offer

• I f you are the first offer in, confirm whether the list agent will

call for highest and best if multiple offers received

• A seller does not have to: • Allow a second chance on an offer or call for “highest and best” • Disclose that there is a second offer • I f you “win,” Due Diligence fees will likely be due immediately

upon acceptance

Offered, Signed, and Accepted •R eview terms of the offer to purchase

disclosures, particularly fixtures section

Fees Due: Credited to Sales Price • Due Diligence • Non-refundable to seller • Earnest Money • Can be deposited at contract or another date • Refundable up to the end of Due Diligence Inspection Period

Due Diligence Period • Buyer can cancel for any reason • Due diligence fee • Due within 24 hours of acceptance • Non-refundable/payable to the seller • Credit to the sales price at closing

• Earnest money • Refundable until due diligence date expiration • Credit to the sales price at closing

• Inspection period • Schedule all inspections and survey immediately with your agent’s help • Review HOA documents and review for potential assessments • Secure any approvals or permits • Due Diligence expiration is at 5 pm on the agreed-upon due diligence date: option to proceed to closing or cancel • Earnest money may become non-refundable

•S ubmit the repair request, however, repairs are optional to the seller

Our Offices ASHEVILLE OFFICE 18 S Pack Square Asheville, NC 28801 828.367.9001 MOORESVILLE OFFICE 350 Morrison Plantation Parkway, Suite C1 Mooresville, NC 28117 704.209.5066

C H A R LOT T E O F F I C E 1515 Mockingbird Lane, Suite 900 Charlotte, NC 28209 704.499.3054

W I L M I N GTO N O F F I C E 527 Causeway Drive Wrightsville Beach, NC 28480 910.300.5140 CORNELIUS OFFICE 21025 Catawba Avenue, Suite 101 Cornelius, NC 28031 704.655.0586 HIGHLANDS-CASHIERS OFFICE 210 North 5th Street Highlands NC 28741 828.526.0000

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