Bill Gallagher teaches at the Crystal Coast for some Halloween Fun

Today we had Bill Gallagher at the Crystal Coast for some Halloween Fun and Mandatory Update class sponsored by the Carteret County Association of Realtors and the Crystal Coast Chapter of the Women’s Council of Realtors.

If you never been to a Bill Gallagher – Superior School of Real Estate – continued ed class then you need to put it on your bucket list or just your list. If you have attended a class with Bill before then you know we laughed and learned and laughed some more. In addition to Continuing Ed we also had some seasonal fun by making it a costume event. Bill Gallagher teaches at the Crystal Coast for some Halloween Fun - Bill Gallagher

The biggest “news” in our mandatory update was the potential new Due Diligence contract awaiting approval of the North Carolina Bar Association in December. Should the Bar Association approve the contract as expected then starting in January and continuing through May 2010 there North Carolina Association of Realtors will begin training on the new Due Diligence contract that will be in effect starting July 2010.Bill Gallagher teaches at the Crystal Coast for some Halloween Fun - Daniel Nicholson, Angie O'Bey

Due diligence: through investigation by the buyer. Investigation of what? These are the things that a buyer may inspect, research, investigate and undertake during a negotiated due diligence time period.

Bill Gallagher teaches at the Crystal Coast for some Halloween Fun - Ted & Marian Goetzinger

  • home inspections not only of the principal residence, but of any other structures on the property
  • inspections for wood-destroying insects
  • survey issues: boundaries, encroachments, easements, etc.Bill Gallagher teaches at the Crystal Coast for some Halloween Fun, Kathryn Gorham, Amy Hahn
  • square footage and acreage/lot size
  • lead based paint, radon, underground storage tanks and other environmental issues
  • well and water issues
  • septic and soil suitability issues
  • compliance with appliable building codes
  • swimming pool inspections
  • required permits for any room additions or renovations
  • flood-related issues, including flood insurance
  • zoning and/or other land use issues
  • restrictions imposed by protective covenants and/or owner association rules or bylaws
  • pending or confirmed assesments
  • amount of any owners’ association dues
  • city/county lines, jurisdiction and provision of services
  • school districts
  • surrounding traffic, congestion, road construction or availability of public transport
  • property taxes
  • presence of sex offenders living in the area
  • ability to insure the buyer and the property and cost thereof
  • neighboring property uses
    • noise considerations, such as airports, flight paths or regular warning sirens from nuclear power plants
    • smelly uses, such as hog or poultry famrs
    • waste dumps or landfills
  • ANYTHING ELSE THAT IS IMPORTANT TO THE BUYER

(listed items taken from 2009-2010 Real Estate Update Course Student Manual – North Carolina Real Estate Commission p. 47-48)

Bill Gallagher teaches at the Crystal Coast for some Halloween Fun - group1

Bill Gallagher teaches at the Crystal Coast for some Halloween Fun, group 2

My favorite website tip Bill shared with us today was this link http://www.cir-ncrec.com – this link takes you to the Carolina Investigative Research site sub-page for North Carolina Realtors. They may visit this site to verify background (criminal report and sex offender reports) on potential customers and clients. Limited to 3 searches per day for free as a licensed North Carolina Real Estate broker.

See my blog post on “Due Diligence Contract” debuting in North Carolina January 2010

Kathryn
Gorham | Sun-Surf
Realty
| Emerald Isle North Carolina
www.KathrynGorham.com
2010 President Women’s Council of REALTORS® Crystal Coast Chapter
252.646.4656 cell · 252.354.2958 office
Southern Outer Banks NC | Crystal Coast NC | Coastal Carolina
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Bill Gallagher at the Crystal Coast for some Halloween Fun was fist published on Emerald Isle Carolina
Copyright © 2009 by Kathryn Gorham, All Rights Reserved. Permission granted to re-blog or re-print with the stipulations that you do not alter the original content and that you provide a link back to this article in the re-blog or re-print. *Bill Gallagher at the Crystal Coast for some Halloween Fun*