Real Estate Q&A Series

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Real Estate Q&A Series ·

Can the seller or realtor be responsible if defects weren’t disclosed or were downplayed during the sale? NC

Can the seller or realtor be responsible if defects weren’t disclosed or were downplayed during the sale? – North Carolina Short Answer Yes. In North Carolina, a seller can be responsible if they failed to provide the required disclosure statement, made a false or misleading disclosure about a condition they actually knew about, or failed…

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Real Estate Q&A Series ·

What happens if the deed was recorded incorrectly or a later filing reversed the transfer—can it be corrected without starting over, and will I need to sign a new deed? NC

What happens if the deed was recorded incorrectly or a later filing reversed the transfer—can it be corrected without starting over, and will I need to sign a new deed? – North Carolina Short Answer Often, yes—many recording problems in North Carolina can be corrected without “starting over,” but the right fix depends on what…

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Real Estate Q&A Series ·

If I pay only the current property taxes now, will that allow closing to move forward, and how are any remaining taxes handled at closing? NC

If I pay only the current property taxes now, will that allow closing to move forward, and how are any remaining taxes handled at closing? – North Carolina Short Answer Sometimes, paying only the current year’s property taxes can remove the immediate roadblock that is holding up a transaction, but it does not automatically clear…

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Real Estate Q&A Series ·

What happens if the attorney-in-fact does not respond in time and the contract deadline is approaching? NC

What happens if the attorney-in-fact does not respond in time and the contract deadline is approaching? – North Carolina Short Answer In North Carolina, if the attorney-in-fact (agent under a power of attorney) does not sign or respond before a real estate contract deadline, the transaction can stall and the parties may lose contractual rights…

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Real Estate Q&A Series ·

How do power of attorney changes made the same day as a property transfer affect a claim that someone took advantage of an elderly parent? NC

How do power of attorney changes made the same day as a property transfer affect a claim that someone took advantage of an elderly parent? – North Carolina Short Answer In North Carolina, changing a power of attorney (POA) on the same day as a deed or other property transfer does not automatically prove wrongdoing,…

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Real Estate Q&A Series ·

Will getting an appraisal now help with selling, transferring, or dividing the property later? NC

Will getting an appraisal now help with selling, transferring, or dividing the property later? – North Carolina Short Answer Often, yes. In North Carolina, a current independent appraisal can create a clear, defensible starting point for fair market value when real property may be sold, transferred, or divided later, especially when multiple owners or a…

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Attorney Jared Pierce
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