From pre-approval to keys in hand, here's how buying a home works in North Carolina, explained without the jargon.
Buying a first home feels like a lot, mostly because nobody explains it clearly. Here’s the whole process, step by step.
1. Talk to a lender
Before you fall in love with a house, find out what you can comfortably spend. A pre-approval letter takes a few days and shows sellers you’re serious. Ask about first-time buyer programs; North Carolina has several.
2. Make your list
Write down what you need (bedrooms, school zone, commute) and what you’d like (a porch, a garage). We’ll set up alerts so you see new homes the day they’re listed.
3. Tour homes
Most buyers see eight to twelve homes before choosing. We’ll tell you what we notice: the roof, the drainage, the street.
4. Make an offer
We’ll look at recent sales and help you choose a price and terms. In North Carolina, offers include a due diligence fee paid to the seller and an earnest money deposit. We’ll explain both before you sign anything.
5. Due diligence
This is your window to inspect the home, get an appraisal and finalize the loan. If the inspection finds problems, we can ask the seller for repairs or credits.
6. Closing
Usually 30 to 45 days after your offer is accepted. You’ll do a final walk-through, sign at the attorney’s office and get your keys. Alicia will send you a checklist so nothing sneaks up on you.
How much cash do you need?
Plan for your down payment (as little as 3–5% with some loans), closing costs (about 2–4% of the price) and the due diligence fee and deposit, which are credited back at closing if you buy.
