Due diligence often refers to anyone's earnest investigations, but in regards to real estate, it exists as a step of negotiation and sales. The phrase "buyer beware" may elicit images of consumer goods and broken products, but that adage also matters when purchasing...
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Month: November 2020
Closing statement fundamentals for homebuyers
When you buy a home, you must budget for closing costs that are not included in the purchase price. The North Carolina Real Estate Commission explains that buyers and sellers will review a closing/settlement statement. This statement will set out the funds paid and...
What home buyers should know about disclosures
If you are buying a home for the first time, you may not be aware of the legal issues associated with a real estate purchase. For example, did you know that North Carolina law requires sellers to disclose certain things about the property? Understand what the state...
