How can I create an enhanced life estate deed for my property? – North Carolina Short Answer In North Carolina, you create an enhanced life estate deed (often called a “lady bird deed”) by signing and recording a custom deed that gives you a life estate with broad powers and names remainder beneficiaries to take…
Can I revoke or modify an enhanced life estate deed after signing it? – North Carolina Short Answer In North Carolina, you can revoke or change an enhanced life estate deed (often called a “Lady Bird” deed) only if the deed you signed clearly reserves that power. If the deed reserves the right to sell,…
What are the benefits of a lady bird deed versus a standard life estate deed? – North Carolina Short Answer In North Carolina, a lady bird deed (also called an enhanced life estate deed) lets you keep full control of your property for life— including the right to sell, mortgage, or change beneficiaries—while passing the…
How does a lady bird deed help my heirs avoid probate? – North Carolina Short Answer In North Carolina, a lady bird deed (also called an enhanced life estate deed) lets you keep full control of your property for life and name who takes it at your death. Because your ownership ends at death and…
What steps do I need to record an enhanced life estate deed? – North Carolina Short Answer In North Carolina, you prepare a deed that reserves an enhanced life estate (a “lady bird deed”) with clear legal description and parties, sign it before a North Carolina notary, and record it with the Register of Deeds…
What can I do if my listing realtor withholds or late discloses critical inspection documents? – North Carolina Short Answer In North Carolina, your listing broker must promptly communicate material facts and deliver key documents to you and, when needed, to the other side to avoid misleading anyone. If your broker delays or withholds inspection…
Can I challenge the buyer’s claims about property defects that I disproved with my own inspection? – North Carolina Short Answer Yes. In North Carolina, you can push back on a buyer’s defect claim by providing your own credible inspection and insisting that any repair credits or concessions be supported by evidence and put in…
How can I ensure the buyer’s repair requests are reasonable and avoid unnecessary credits? – North Carolina Short Answer In North Carolina, repairs and credits are negotiable items during the contract’s due diligence period, not automatic entitlements. Keep requests reasonable by limiting them to verified, material defects that affect safety, structure, systems, lender requirements, or…
What disclosure obligations apply when selling a late parent’s property through an agent? – North Carolina Short Answer In North Carolina, sellers of most residential homes must give buyers a standardized disclosure before the buyer makes an offer; estates may qualify for limited exemptions. Regardless of any form or “as-is” language, the seller and the…
How do I handle a buyer’s inspection report revealing an undisclosed hole in the flooring substrate? – North Carolina Short Answer In North Carolina, once you know about a material defect, disclose it in writing and decide—promptly and in good faith—whether to repair, offer a credit, or renegotiate during the buyer’s due diligence period. If…