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One of the questions buyers frequently ask before closing is, “Do I really need a survey?” In North Carolina, a new survey is not required for every real estate purchase. But that does not necessarily mean you should skip one. A title search and a survey answer different questions. A title search examines the public records affecting the property. It can identify things such as deeds, recorded easements, restrictions, liens, and other recorded matters. What it generally canno

Everyone involved in a real estate transaction wants the same thing: to close on time. Unfortunately, even a transaction that seems simple can hit a last-minute problem that pushes closing back. Many closing delays are avoidable. Here are some of the most common issues we see in North Carolina real estate closings and what buyers, sellers, and agents can do to help prevent them. One of the biggest causes of delay is financing. A buyer may be preapproved, but the lender still

If you’re buying a home in North Carolina, you’ll probably hear the terms “earnest money,” “due diligence fee,” and “deposit.” They’re often used interchangeably in casual conversation, but they don’t necessarily mean the same thing. The due diligence fee is money the buyer pays directly to the seller in exchange for the buyer’s due diligence rights under the contract. In a typical North Carolina residential transaction, the buyer has until the end of the Due Diligence Period

When buying, selling, or transferring real estate, one of the most important documents you'll encounter is the deed. A deed is the legal document that transfers ownership of property from one person (the grantor) to another (the grantee). Not all deeds are created equal. Different deeds provide different levels of protection and are used for different situations. Here's a breakdown of the most common types of deeds you may encounter in North Carolina. General Warranty Deed Be

No one wakes up excited to visit the DMV. You go because you have to. You take a number. You wait. You fill out forms. Someone eventually calls your name. If everything goes well, you leave with what you needed. If it doesn't, you're told to come back another day. For many people, buying or selling a home feels surprisingly similar. There's paperwork they don't understand. Deadlines that seem arbitrary. Emails filled with legal terminology. A stack of documents to sign that c

Using LegalZoom or similar online legal service providers can offer convenience and cost savings, but there are several potential dangers...

Forming a Limited Liability Company (LLC) provides several advantages for business owners, including: 1. **Limited Liability Protection**...

Introduction Buying a home is a significant financial undertaking, and understanding the various costs associated with it is crucial. One...