Contract Review
Sales contracts may differ significantly yet all should clearly set forth the responsibilities and privileges of all the parties involved. It is a legally binding document that protects each party. Carefully review the terms of the contract. The sales contract should include the following:

• Legal description of the property and the exact street address
• Selling price of the property
• Amount of earnest money and who is holding it – often it is held in an escrow account by a third neutral party.
• Amount due at settlement
• Specifics of the mortgage (amount, rate and terms)
• An Attorney must be agreed upon by buyer and seller
• Details of the closing, when and where
• Home inspection – to ensure again structural and unknown defects, to be completed in a specified time period
• Inclusions and exclusions - examples would include washers, dryers, drapes, etc.
• Pest Inspection – and who is responsible if there is damage or an infestation
• Warranties – get the description of any that are included with the house
• Repairs – unless you are accepting as-is, state who is responsible for repairs, with a date for a walk-through inspection
• Well and septic – they must past a test, if applicable
• Date of possession – when you take possession of the property
• Acceptance date – either an acceptance or counter-offer must be responded to by a specified date

Processing the Sale
Once the contract is signed, your Sales Associate will continue to be your advocate and ensure that your best interests are served. Some of the details they will be available to handle are:

• Schedule all necessary pre-closing inspections.
• Check finances are deposited according the contract specifications.
• Keep you informed of any unseen problems that may arise and offer solutions
• Present a list of utility companies available for service
• Schedule and attend-the pre-closing walk through.
• Prepare for and attend the closing.

If you buy or sell a home with Meadowmont Realty, you can take advantage of our preferred rate when you book reservations at The Carolina Inn, a historic hotel located in downtown Chapel Hill. Guests are within steps of shopping, art galleries, entertainment and the historic Franklin Street district. Enjoy breakfast, lunch, afternoon tea or dinner at the Inn’s award-winning Crossroads Restaurant.

Reservations may be made through your preferred travel agency or the Carolina Inn’s reservation department at 919.918.2726 or 800.962-8519 and requesting The Meadowmont Realty of Chapel Hill preferred rate. To make reservations online at www.carolinainn.com, type in “CH Meadowmont” in the corporate/promotion code box. You may also use the following link:
https://gc.synxis.com/rez.aspx?Hotel=21441&Chain=5156&promo=CH Meadowmont.

Meadowmont Realty is pleased to offer this preferred rate to our clients and trust you and your guests enjoy your stay at the Carolina Inn, where you’ll experience Southern charm, modern amenities, gracious service, and memorable food.