Do we need to open or revisit probate for a deceased parent’s property if the land has already passed to the siblings? – NC

Do we need to open or revisit probate for a deceased parent’s property if the land has already passed to the siblings? – North Carolina Short Answer Under North Carolina law, probate is usually only needed to get legal title from the deceased parent into the heirs’ or devisees’ names, or to address debts and…

What happens if I accept the offer and the buyer backs out or can’t get financing—what are my options with the earnest money and contract remedies? – NC

What happens if I accept the offer and the buyer backs out or can’t get financing—what are my options with the earnest money and contract remedies? – North Carolina Short Answer Under North Carolina law, what happens with the earnest money and contract remedies depends mostly on the written purchase contract and on why and…

How do we properly finalize a termination with the first buyer so we can accept a new offer without creating disputes? – NC

How do we properly finalize a termination with the first buyer so we can accept a new offer without creating disputes? – North Carolina Short Answer Under North Carolina real estate law, a seller should not treat the first contract as ended until the contract has been validly terminated in writing and all issues about…

What documents and timeline should we expect to get the property under contract and through closing with the new buyer? – NC

What documents and timeline should we expect to get the property under contract and through closing with the new buyer? – North Carolina Short Answer In North Carolina, a typical residential sale moves from a signed offer to purchase and contract, through a due diligence period with inspections, loan and title work, and then to…