What is Earnest money? The earnest money deposit is a deposit paid by the buyer when the buyer enters into an offer to purchase and contract to buy a certain piece of real property. The amount of the Earnest Money Deposit typically ranges from one to two percent of the purchase price. This deposit is…
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What is the Due Diligence Period in North Carolina?
What is the Due Diligence Period in North Carolina? The due diligence period is a time for the buyer to make important decisions, test the quality of the home, and ultimately decide whether or not to buy or to walk away. The due diligence period in North Carolina is a negotiation in the offer to…
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Real Property Expenses and Estate Administration
Real property such as houses, land, and condominiums can often be a source of confusion in estate administration. As with many areas of the law, this one has a few general rules and several exceptions that make every estate administration unique. While this article may provide some guidelines to the basic estate administration questions, you…
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The Reason Why You Can’t Disinherit Your Spouse In a Will
If you've been following along, we've been discussing disinheritance. It all started here: 3 Things to Know about Disinheritance in North Carolina. Some of the most common questions we receive about disinheritance include how disinheritance works when a parent disinherits a child, when a child disinherits a parent, and when an individual wants to disinherit their…
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