Durham Real Estate FAQs

What are typical buyer closing costs in Durham?

Most buyers should budget roughly 2–4% of the purchase price for lender fees, title, escrow/attorney, prepaids, and escrows. We’ll give you a line-item estimate once you pick a price point and loan program.

How do North Carolina’s due diligence fee and earnest money work?

NC purchases commonly include two deposits: a non-refundable due diligence fee paid to the seller (credited at closing) and a refundable earnest money deposit held in escrow. Amounts vary by property and market—We’ll advise strategy before you make an offer.

Are property taxes higher in Durham than in Wake County (Raleigh/Cary)?

Rates and assessments differ by county and municipality. We’ll estimate projected taxes for any property and factor them into your monthly payment comparison.

Best time of year to list a home in Durham?

Late winter through spring is historically strong, but pricing, preparation, and exposure matter more than the month. We build a custom launch plan based on your home’s segment and current inventory.

What are popular high-end neighborhoods in Durham?

Hope Valley, Treyburn, Croasdaile Farm, Forest Hills, Duke Forest, Colvard Farms, Maida Vale, The Hills at Southpoint, Oldfourth at Hope Valley, Trinity Park, American Tobacco District (luxury condos), and upper-tier sections of 751 South.

Is new construction a good option in/around Durham?

Yes—there are strong builder options in South/East Durham and nearby Chatham/Wake. New homes offer warranties and energy efficiency; we’ll compare builder incentives vs. resale opportunities and handle inspections and punch-list items.

How long does it take to close once we’re under contract?

Most financed purchases close in ~30–45 days; cash can be faster. Timelines depend on appraisal, title, and repairs. We coordinate milestones so there are no surprises.

Are there flood zones or special insurance considerations?

Some areas near creeks and the Eno River may require flood checks. We verify FEMA maps and lender requirements and can quote flood insurance before you commit.

Septic vs. sewer—what should I know?

Many in-city homes are on sewer; some outskirts/larger lots use septic. For septic, we confirm permit capacity, tank location, and recent service; for sewer, we check connection and any utility easements.

What about short-term rentals (Airbnb/VRBO) in Durham?

Rules can vary by zoning and HOA. Before you buy for STR use, we’ll review city/HOA guidelines and any permitting/occupancy limits to keep you compliant.

How do school zones work?

Attendance zones change over time. Always verify with Durham Public Schools or the appropriate district before purchasing. We can help you cross-check addresses.

What’s the first step to get started?

Let’s align on budget and timeline, then set up a custom home search and touring plan. Call 919-500-8901 or send a message to connect with Dwayne.