Q- What are the costs of your services for someone who wants to purchase a home?
A- There is no cost for us to represent a buyer. The seller, (whether a builder or a private owner) pays us our fee, not the buyer.

Q- How do I save 1/2% on the purchase of my new home?
A- Let us represent you as your buyers agent, and we will have the builder discount the home an additional 1/2% guaranteed. If the builder does not agree to give you the additional discount, then we will.

Q- I'm a first time homebuyer. How do I save tens of thousands of dollars on a new home?
A- As a first time homebuyer, you can save a great deal of money and here's how.
    1- If you purchase before December 2009, you will get an $8000 tax credit from the government. You can file an addendum to your
        current tax filing and get the $8000 now, but you have to purchase a home by December 2009 or you have to pay the $8000 back. 
    2- If you purchase a home in a House Charlotte community (many around the greater Charlotte area), you can also get $7500.00 to use
        as your down payment or to buy down your interest rate.
    3- If the house your are interested in is under $200,160.00 you can use the NACA program and greater reduce your interest rate to as low
        as 0.1%, or for practical purposes as close as you can get to an interest free loan. If you use the NACA program, there is down
        payment required (usually 3.5% if an FHA mortgage), there are no closing costs (usually 3-5% of purchase price), there are no
        origination fees to secure the loan (usually 1% of purchase price.)
     4- If you were to purchase a $200,000 home in the traditional manner, your closing costs would be around $7000.00. Your down payment
        requirement would be $7000.00. Your mortgage payment would be approximately $1500.00 (includes taxes, insurance and MPI. Based
        on an 5.5% interest rate). You would still get the $8000 tax credit, so net out of pocket would be approximately $7000 and your monthly
        payment would be about $1500.00 a month.

        Now let's look at the costs if you use the programs available to you that we can help you get enrolled into. You would get the $8000 tax
        credit. If you selected a House Charlotte community, you would get $7500.00. If you used NACA you would have any closing costs or
        down payment requirements, so the $15,500 (tax credit plus House Charlotte funds) can be used to buy down your interest rate. Most
        builders will also contribute to the interest rate buy down and when using the NACA program there is no limit to the amount of buy
        down. On an FHA mortgage a builder can only contribute up to 1.5% of the purchase price of the home. Let's say the builder give you
        $4500.00 to be used to buy down your rate. Add this to the $15500 that you already have and now you have $20,000.00 available to buy
        down your interest rate. For every $1000 used to buy down an interest rate, you will reduce the rate by 1/8%. Thus to buy down the rate
        a full 1% you would need to invest $8000.00. With $20,000 you can buy down the rate 2.5%. When you use NACA they already have a
        1% rate discount without any buy down, so if the current interest rate is 5.5%, then the NACA rate is 4.5% and you would start buying
        down from there. 4.5% minus 2.5% equals 2%. You can secure a 2% fixed, 30-year interest rate if you let us help you. Instead of
        paying $1500.00 a month, you would be paying $1000.00 a month for the exact same home. This is a fixed rate. It does not go up over
        the term of the loan. In 1 year alone, you will save $6000.00. Over 10 years, you will save over $60,000.00. In addition to the monthly
        savings, you also saved $7000 in closing costs, no down payment was required and there were no fees to participate in the NACA
        program. First year savings are over $20,000.00, or as stated, tens of thousands.

        There is no better time for a first time homebuyer to purchase a home than it is right now. If you let Carolina New Homes Only assist
        you, we can help you purchase more home than you ever thought possible or we can help you save a substantial amount of money on
        any home of your dreams.

Q- Won't most real estate agents tell me about NACA and House Charlotte?
A- Not usually, but don't take our word for it, ask another real estate agent. The reason other real estate agents do not mention NACA or House Charlotte is because these programs can delay a purchase by 60 - 90 days or more depending on the credit scores of the purchasers. The better the credit scores the quicker the process. Other real estate agents want quick and easy closings. Sign here and 30-days later they get paid a commission. Don't misunderstand, we like quick closings too, but the reality of the current market conditions is that most first time homebuyers need some financial assistance to purchase their first home. We realize this and help these buyers get all of the financial support that is available to them. NACA use to be for people with credit that was not acceptable when it came to a house purchase. NACA helped these people repair their credit, so they could get a mortgage. The part of NACA that is exciting is the ability to buy down the interest rate and save tens of thousands of dollars over the course of the loan.

We work with our clients for the long-haul. If it takes another 3-months to close on a brand new home that's fine with us as long as we were able to help you save thousands in the process.

Q- I have a house to sell. Can you help me with that?
A- Yes. If your home is located in the Greater Charlotte area, our resale division, House Hunters of Charlotte will be happy to list, promote and market your home for a listing fee.

Q- How much is the listing fee?
A- There is no such thing as a usual or standard listing fee. All fees are negotiable and vary based on the property, location, property condition, terms, requirements, exceptions, etc. Listing fees typically range from 4% to 8%, but again the fee for your individual property will be based on your individual circumstances. Real estate agencies are not allowed to have a set listing fee.

Q- How many builders does Carolina New Homes Only represent?
A- On our web site, we represent over 70 builders who currently build in the Greater Charlotte area. (including as far south as Rock Hill, SC and as far North as Statesville, NC).

Q- Why should I use Carolina New Homes Only to represent me when I purchase from a builder? Can't I just deal with the builder rep?
A- The purchase of a home is a major decision. It very well might be one of the most important decisions of your life. The builder rep works for the builder. They represent the best interests of the builder, not you. If you were going to get a divorce, would you use your spouses attorney to represent you? Carolina New Homes Only represents you and has your best interests in mind.

Q- Why should I use Carolina New Homes Only as my buyers agent versus a general brokerage real estate agent?
A- A general brokerage real estate broker does not specialize in new home construction and usually has very little experience when negotiating with a new home builder. Why do you have a heart surgeon operate on your heart instead of a foot doctor? If you want the very best results, you need the very best person for the job. All of our brokers have worked for a new homes builder. They are all very experienced and know a great deal about every builder in the Charlotte area. We are aware of the builders promotions, currently inventory, currently financial status, new communities coming on line but not yet announced, etc. Simply, we have the inside track on what builders are offering, planning and liquidating.

Q- I want to visit Charlotte to look for a new home but I only have a weekend worth of time. Is that enough time to see as many house as possible?
A- It is if you use Carolina New Homes Only and here's why. Unlike other real estate brokers who have to wait to visit most new home communities during normal business hours when the on-site rep is there, all of our brokers have keys to builder inventory homes.

Seldom does a builder place a Supra lock box (electronic MLS box that holds a key) or a combo box (combination lock box that holds a key) on every one of their inventory homes or even in every one of their communities due to the cost to do so. Carolina New Homes Only has made arrangements with the vast majority of builders to have a key for their inventory homes.

By having these keys, Carolina New Homes Only brokers can take a buyer to see builder inventory homes from 8 am to 9 pm. This is especially important on a Sunday when most builder communities do not open until 1:00 pm. As well, by using our web site engine that is builder specific we can locate, map and schedule visits for all available inventory in a given geographical area or price point. Other general brokerage agents do not have this information at their fingertips.

Q- Can you help me with the purchase of a resale home?
A- Yes, you would work with one of our House Hunters of Charlotte buyer agents. There is no cost for this service.

Q- My credit is not so good and I currently rent an apartment. Are there any first time home buyer programs I can use to make a home more affordable?
A- Yes, until December of 09 you will get an $8000 tax credit when you purchase your first home. This tax credit is from the government but you must purchase a home prior to 12/31/09.

There are also several programs for first time homebuyers including NACA. We work closely with NACA to assist buyers who are currently renting and are looking for a home that is $200,000 or less ($220,000 or less in SC). If you get into the NACA program we can ask a builder to buy down your rate which will reduce your payments substantially. We recently helped a young couple purchase a $197,990 home in Rock Hill, SC and their total payment including taxes, insurance, principle, interest, HOA, PMI and a small NACA fee was under $860 a month with no money down, no fees and no closing costs.