Can I negotiate inspection, appraisal, and financing contingencies to better protect me, and how should they be written? – NC

Can I negotiate inspection, appraisal, and financing contingencies to better protect me, and how should they be written? – North Carolina Short Answer In North Carolina, the parties may negotiate inspection, appraisal, and financing terms in a residential purchase contract, but the standard form contract already handles most of these through the “due diligence” structure…

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…