One of the best features of searching on our website or having a Portal web page is the ability to see the current, accurate status of any listed property. You will know immediately if there is an accepted offer or price change on that home. If you are searching using trulia, zillow or most other public advertising web sites, status is often not given or not current so there is no way to know with certainty if a house you love is already under contract...or even long ago sold.
Status - whether the property is still "for sale" or under contract.
Due Diligence Period - Most traditional home sales in NC will have a "due diligence period" (DDP) as part of the contract. The buyer pays the seller directly a fee as part of the offer called a due diligence fee. That fee "buys" the time the buyer requests to complete inspections, appraisal, financing, title search, survey, and anything else that the buyer feels they need to do before committing to the purchase of the home. A home that shows a status of DDP has an accepted offer that is within the due diligence period. At any time before 5:00 p.m. on the due diligence date in the contract, the buyer can terminate the contract for any reason or no reason at all. The seller keeps the due diligence fee. If the sale closes, it is applied to the purchase price.
Back-Up Offer - Buyers can submit an offer on a property that is already Under Contract as a Back-Up Offer. In those cases, their offer would only come into play if the first contract is terminated by the first buyer. This is very rarely a good situation for the second buyer. Only a small percentage of Under Contract properties do not close.
Searching on Find A Home Carolina:
If you run a search yourself on this web site, you will only receive homes that are Active (available) or Under Contract-Show (only showing for Back-Up Offers.) When you save a "Favorite" Active property, it stays in your Favorites. When/if it goes Under Contract, you will see the Status change there. When it closes, you can see what it sells for. On the Advanced Search tab, you can also choose to search homes that have Sold to see what homes in that neighborhood have sold for over the last 3 years.
In Your Portal:
If we have set you up with your own Portal website, you will see when the status of a property changes instantly and all types of status will show. Find out more about getting a Portal.
Public Advertising Sites:
If you see a listing on a public site (such as realtor.com, tulia, or zillow) that does not show on our web site, it means that property is not really available. Public sites often leave up listings that are long ago sold, expired, or withdrawn just to generate more calls for their advertisers. Zillow also lists many properties as pre-foreclosure that are not (and may never will be) available for sale. (Read more about Pre-Foreclosure.)
Our web site Search information is always accurate and current within hours and your personal Portal web site is current up-to-the-second. If you do not already have a Portal set up, you can request one whenever you feel ready.
Feel free to call or email us at any time for assistance with no obligation.
As Exclusive Buyers' Agents, we are here to help.