Nc Real Estate Contract: Fill & Download for Free

I am not a lawyer so what I am about to say is merely opinion. I am familiar with real estate contract theory in the state of NC where I am a licensed broker. Here a counteroffer constitutes a binding contract. Are you past the due diligence date? If not you only lose due diligence money. If you are then you can breach your contract but you will lose your earnest money deposit. I would consul an attorney before you walk. I hope this helps.

“I” saw it coming in 2006, and I’m was a simple stock trader at the time with an unusual group of friends in some key industries, not to mention having visited south FL on numerous occasions and saw first-hand what FL real estate was doing. If I saw it I have to assume that Buffett also did.Some of the key highlights:In 2006 my wife and I were moving to the DC area from Cary, NC. The first question our real estate agent asked us was “How long to you plan on being in the area?” to which we replied that we really didn’t know. “I just attended a regional meeting of real estate agents in DC and housing prices in the area fell 25% in 2006 and are expected to fall a further 25% in 2007.” They did. It didn’t take me long to correlate the very long commutes workers were making to get to work with the fact that gasoline prices had gone up nearly four-fold over the previous four years or so. Nobody is prepared for fuel prices rising that much to where a family goes from paying $200-$300/mo then finds itself having to pay $800-$1,200/mo for the same thing. People were fleeing their houses after having tried to sell them and finding them worth less than they paid for them.In FL we had observed housing prices in new developments going up 25% per year. When a secretary and her mother in my sister’s office “flipped a house” that they contracted for, but hadn’t been built 14 months later, making over $100,000 in the process, it was obvious that a bubble had been formed that would eventually burst. When I found out that housing prices in DC had dropped 25% in 2006 it was obvious that the real estate bubble was already bursting.On top of that I surmised that banks must be accumulating ‘bad loans’ by the boat-load, and when I began observing bank stocks in early 2007, it was obvious that they were going down in price even while the overall stock market was still going up. Oh-oh. In the fall of 2007, the markets began to tumble as bank stocks began to crater due to the sheer number of “non-performing loans” that was becoming monumental. Housing prices in FL began to tumble, and in our city of Cary it was becoming increasingly obvious that construction of some homes had simply stopped, framed houses with no roofs, no construction crews on site anywhere, and so on. Something was happening.But you would have seen none of this if you were safely ensconced in your suburban home blissfully unaware that the economy was crashing all around you, just “not in my neighborhood.”I can’t imagine Buffett didn’t “see” any of this happening. He’s far too sharp. And I certainly wasn’t the only one observing all of this as it was unfolding. You note “2008” as the event. It began in 2007, even if you weren’t aware of it then.

Important characteristics of real estate agent are given below-#1: A desire to help peopleReal estate agents are in a service profession. Their job centers on helping other people, whether they’re explaining the home-buying process, staging a home for a showing, or introducing a new family to the community. Without a desire to help people, agents can easily burn out from the constant demands on their time. However, for those who have that desire, little is more rewarding than helping people navigate one of the biggest financial decisions of their lifetime.#2: Enthusiasm for real estateReal estate is a complex business. It’s more than just enjoying HGTV and touring homes. It requires a knowledge of the local community, real estate trends and data, and Sales. The most successful agents love the entire business of real estate. When you have enthusiasm for the process, it will feed your clients’ excitement—and their trust in you. Therefore enthusiasm is one of the most important characteristics of real estate agents.#3: Energy and driveTo accomplish everything that has to get done, every day, takes loads of energy and drive. And organization! A typical day can involve meeting buyers, doing a listing presentation, putting up signage, showing homes, writing contracts, negotiating offers, attending meetings, keeping up with continuing education, and even moving the kitty litter box so it’s out of sight for listing pictures.Your drive and ambition, and probably your sense of humor, will keep you motivated throughout the week. Your clients will note your energy and drive, just as they’ll appreciate your enthusiasm for the business.#4: A winning personalityMost people expect their agent to have an outgoing personality. Do you have to be super-extroverted to be an agent? Not necessarily. However, one of the top characteristics of real estate agents is a winning personality—a personality that’s pleasurable to be around.Clients are looking for a Winston Salem NC real estate agent who they feel comfortable with, one who has traits that gel with their own. A personality that works for one client may not work for another. But in general it’s important to be liable, friendly, and unafraid of putting yourself out there.#5: Strong business acumenTo help your clients, you not only have to understand complex transactions yourself, but you also have to be able to explain them to your clients. What’s more, as a real estate agent, you’re running your own small business. Do you have the business sense to handle marketing, administrative work, sales, and accounting? Successful real estate agents generally have strong business backgrounds or make an effort to study and learn best practices. That’s why business acumen is one of the most important characteristics of real estate agents.