Profile picture for monarch989

First Look Process

I currently own a home in Charlotte.  I'm looking at a home that is under the First Look Initiative.  The home I own in Charlotte is a rental and I plan to live in the one that is listed under the First Look.  Can I put a bid in during the initial 15-day window since I will plan to use this home as the primary residence and my other home is a rental or am I still considered an investor?
  • September 18 2013 - Huntersville
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Answers (4)

Best Answer

Yes, You don't have to be a "first time buyer" you just have to make the home your primary residence.. usually they will have you sign a paper that says you will move into the home within so many days and will occupy the home for so many years or you will pay a fine (usually $10,000) so make sure you are honest and plan on living in the home

hope that helps!
  • September 18 2013
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Profile picture for Tyler Tapley
He is correct.  As long as you plan on living in the home...you can submit the offer as an owner occupant.
  • September 18 2013
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your welcome! Good luck!!!
  • September 18 2013
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Profile picture for monarch989
That's great!!  Thank you so much for your help!
  • September 18 2013
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