What happens after my attorney reviews the appraisal with me—do we negotiate, list the property, or take other steps? – North Carolina Short Answer After a North Carolina real estate attorney reviews an appraisal with a client, the usual next steps are to (1) compare the appraised value to goals and other pricing information, (2)…
How is a home appraisal used in a real estate case my attorney is handling? – North Carolina Short Answer In a North Carolina real estate matter, a home appraisal is usually used as the primary evidence of the property’s fair market value. The attorney may rely on it to negotiate, decide whether to settle…
Do all co-owners have to sign the acceptance and sales contract, or can one person authorize it on behalf of everyone? – North Carolina Short Answer Under North Carolina law, every property owner whose interest is being sold generally must sign the real estate sales contract and the later deed, unless a valid written power…
How do I handle multiple or backup offers without violating an agreement I’ve already signed? – North Carolina Short Answer Under North Carolina law, once a seller signs a binding purchase contract, that seller must honor it and cannot simply accept a better offer for the same property without risking breach of contract. Additional offers…
How can I confirm exactly whose names are on the deed for the inherited property? – North Carolina Short Answer In North Carolina, the only reliable way to confirm whose names are on a deed is to check the official land records in the county where the property sits, usually through the county Register of…
What documents prove heirship and standing to challenge a tax foreclosure on recently inherited property? – North Carolina Short Answer Under North Carolina law, an heir generally has standing to challenge a tax foreclosure if that heir can show a present ownership interest in the property and that all due taxes for that interest have…
Can I relist or move forward with another buyer right away after a cancellation, or is there a waiting period or notice I need to give? – North Carolina Short Answer Under North Carolina real estate law, a seller can usually relist a property or move forward with a new buyer as soon as the…
What happens if the buyer backs out after I sign—can I cancel or keep any deposits, and what timelines apply? – North Carolina Short Answer Under North Carolina law, what happens when a buyer backs out depends mainly on the written contract, the type of deposits (due diligence fee versus earnest money), and when the…
What documents do I need to accept the offer and move toward closing, and can you review them before I sign? – North Carolina Short Answer In North Carolina residential real estate, accepting an offer is usually done by signing a written Offer to Purchase and Contract along with any addenda, and arranging for due…
How can I evaluate whether the buyer’s offer terms are fair, including price, contingencies, and closing timeline? – North Carolina Short Answer Under North Carolina law, a fair purchase offer is one that reflects current market value, uses reasonable contingencies, and allows enough time to satisfy inspections, title work, and loan requirements before closing. Price…