Due Diligence Fee-vs-Earnest Money: NC Deposits Explained
Two Different Deposits? Every state operates a tad differently when it comes to deposits on home purchases. In North Carolina, we have both an earnest money deposit and a due diligence fee. And here’s the kicker… legally and technically, neither are necessary and yet they’re both expected. (Market conditions often have a lot to do […]
Important Dates On The Purchase Contract
Real estate contracts are quite lengthy and detailed – all for good reason. So why would North Carolina’s”Offer To Purchase and Contract” include three important dates and not the actual closing date?How can this be? Read on to learn more! Let’s begin by outlining what dates are specifically asked for in the contract: the Effective […]
Can I get my deposit back?
There are two different deposits in North Carolina. So when a buyer asks if they can get their deposit back, we have to qualify which deposit they are actually talking about. (Please read my article explaining about the different deposits here.) Before we even talk about getting deposits back, let me begin by clearing up […]
