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FAQ

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Contact the people at Franklin Street Realty. We are intimately familiar with the communities in Orange, Chatham and Durham Counties and can represent you in the purchase of ANY property in the area, no matter who it is listed with.

At Franklin Street Realty, your agent is always YOUR advocate and as a fiduciary they will always put your interests first. Our firm does not permit a single agent to represent both buyer and seller in a single transaction. Consider two basketball teams, one coach…the only one guaranteed the win is the coach. At Franklin Street, that just never happens.

The Seller of a property listed in the MLS pays the Listing Agent a fee, and that fee is split at closing between the agents who work the transaction. For homes offered For Sale by Owner, usually the seller will offer a commission to the buyer’s agent.

Yes and no. We can show you properties and discuss options under a verbal agreement, but that agreement must be in writing prior to submitting an offer. (call us for details)

Your agent will prepare the standard Offer to Purchase and Contract. Together you will discuss terms and conditions that are in your best interests and they will negotiate the best deal possible. Price, Due Diligence Fee, critical dates, Earnest Money and more are all factors that agents on both sides of the transaction consider.

This is a crucial time period which is negotiated in the contract to give the Buyer the opportunity to inspect the property to their heart’s content, have an appraisal and secure financing, if needed, get a survey and search the title. Although there is a requirement that the Seller give you a written disclosure addressing the condition of the property, get it inspected.

You will need to transfer funds needed for closing into the attorney’s trust account prior to settlement. The bank will do the same on the day of closing.  Your attorney will explain the loan & closing documents including the settlement statement, which you will receive a few days in advance. The deed must be recorded at the County Register of Deeds office prior to getting the keys and taking possession.