FAQs

Answers to your buying questions.

Straight answers to the questions buyers ask most, from your first pre-approval conversation to the keys in your hand.

Common questions from buyers.

What areas do you serve?
We primarily serve Wilmington and the surrounding areas, including New Hanover, Brunswick, Pender, and nearby counties. If you’re looking to buy outside of the areas we typically serve, let us know where you’re looking. If we don’t work in that area, we’re happy to connect you with a trusted agent who does.
What makes working with Osprey Realty different?
Most agents list a home and wait for the phone to ring. We take an active approach on both sides of a deal — pricing with real data, marketing that goes out and finds the right buyer, and staying hands-on with every client from the first conversation through closing day.
How do I get in touch or schedule a consultation?
The easiest way is through the Contact page, or you can call or text directly. We respond quickly and we’re happy to do the first conversation by phone, video, or in person — whatever’s easiest for you.

For buyers.

I’m a first-time home buyer. Where should I start?
Start with a lender, not the house. Getting pre-approved tells you your real budget and makes you a serious buyer the moment you find a home you love. We work with several trusted local lenders and we’re happy to make an introduction.
I’m not ready to buy yet, but I want to be prepared. Any suggestions?
Keep an eye on your credit report, avoid opening new credit lines, and try to pay down existing debt — all of it improves what you’ll qualify for when you’re ready. In the meantime, we’re glad to set you up on automatic alerts for homes in the areas you’re watching so you know the market as it moves.
I’m ready to start looking! Who do I talk to, and what’s the process?
Me — that’s what we’re here for. Reach out through the Contact page or the Home Match tool, and we’ll set up a quick call to talk through what you’re looking for, your budget, and your timeline before we start touring homes.
Can you show me a house I like?
Yes — as long as you haven’t already signed an exclusive buyer’s agency agreement with another agent. Send us the listing and we’ll get a showing scheduled.
I’m working on my credit to get ready to buy. Any recommendations?
Paying down revolving balances and avoiding new credit inquiries are the two biggest levers in the short term. A good lender can also run different scenarios with you and tell you exactly what would move the needle most for your situation.
Do you have lenders you’d recommend?
Yes — we work with a handful of local lenders we trust to move quickly and communicate well, and we’re happy to make an introduction based on what you’re looking for.
I’m deciding between an existing home and new construction. Any tips?
Start by looking at resale homes that are two to three years old — that tells you what today’s new construction will look and feel like once it’s lived-in. New builds come with fewer surprises but also fewer negotiating levers and some costs that aren’t always obvious upfront; we’re glad to walk through the tradeoffs for your specific situation.
If I buy new construction, do I still need a buyer’s agent?
Yes, always. The agent sitting in the builder’s model home represents the builder, not you. Having your own agent costs you nothing as the buyer and means someone is negotiating and reviewing the contract with only your interests in mind.
I’m relocating to the area. Can you help me find a home?
This is one of our favorite things to help with. We offer virtual showings and electronic signing so you can move through the process from wherever you currently are, and we can put together a tailored list of neighborhoods based on commute, schools, or lifestyle before you ever set foot here.
I’m interested in an investment or vacation property. Can you help?
Yes — second homes, vacation rentals, and investment properties are all areas we actively work in. We can help you look at rental history, run rough return-on-investment numbers, and think through financing and tax considerations like a 1031 exchange.
What is a condotel?
A condotel is a condo building or complex run like a hotel — think a front desk, cleaning service, and shared amenities. They can be attractive for owners who want rental income while they’re not using the unit, but many lenders won’t offer traditional financing on them because of how many units are rented out short-term, so it’s worth discussing financing early if you’re considering one.
Why do I need a survey?
A survey shows the exact boundaries of the property along with any easements or encroachments — things like a neighbor’s fence or shed sitting over the line. Without one, you don’t have documentation to point to if a boundary dispute ever comes up.
What is title insurance for?
Title insurance protects you if someone makes a claim against the property’s title after you’ve closed — an old lien, an heir no one accounted for, a paperwork error from decades back. It’s a one-time cost at closing: required if you’re financing, and strongly recommended even if you’re paying cash.
Will the seller fix everything my inspector finds?
Not necessarily. What gets repaired usually comes down to negotiation, the price point, and anything the seller already disclosed. Structural and system issues (roof, HVAC, plumbing, electrical) are far more likely to get addressed than cosmetic items like a cracked tile or a scuff in the paint.
What are closing costs?
Closing costs cover things like loan origination and application fees, the appraisal, credit report, title search, underwriting, mortgage points, prorated property tax, and attorney fees. They typically run 2–5% of the purchase price, and your lender will give you a formal Loan Estimate and Closing Disclosure with the exact numbers.
Why do I pay Due Diligence Money if I’m also paying Earnest Money?
They serve different purposes under North Carolina contracts. Earnest Money is held in escrow as a show of good faith — it’s applied toward your purchase at closing and is refundable if you back out before your Due Diligence Period ends. Due Diligence Money goes straight to the seller, is non-refundable, and compensates them for taking the home off the market while you investigate it. In a competitive offer, a stronger due diligence amount can help your offer stand out.
Why do we close with an attorney instead of a title company?
In North Carolina, closing with a real estate attorney is standard practice. Unlike a title company, an attorney represents your interests directly, can give you legal advice, resolve title issues, and draft or review any addenda that come up before closing.
Why don’t I get the keys the moment we sign at closing?
Ownership doesn’t officially transfer until the deed is recorded with the county, which can take a few hours to a full business day depending on the office. Handing over keys before that’s done creates real liability if anything happens to the property in the meantime, so most closings wait for recording confirmation first.
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