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Experts dispelled five common misconceptions aboutbuying a home in North Carolinaheading into 2025.
Myth No.
This was due to higher mortgage rates, the elections and Hurricane Helene.
Myth No.
However, other areas in North Carolina still have a reasonable price guide for the buyers.
Just because rates are expected to drop doesnt mean that all housing prices will increase in the state.
Myth No.
Leadbetter pointed out that two fees are due in North Carolina as soon as an offer is accepted.
The first fee is adue diligence fee, which is similar to an option fee.
Its paid directly to the seller for the time spent conducting inspections, securing a loan, etc.
Both fees are credited to the purchase price if the sale is completed, Leadbetter said.
Myth No.
In North Carolina, homes are sold as is.
Myth No.
However, the process is a bit different in the state compared to others.
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