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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in.

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12 Hidden Costs When Buying a House

Raleigh Realty

Whether you are a first-time home buyer or an experienced buyer, you will want to familiarize yourself with all the costs of buying a home Your Real Estate Agent is not a cost to you as a buyer. The cooperating firm then pays the Real Estate Agent. This is one thing many buyers don't realize.

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Say What? Home-Buying Lingo You Should Know

Zillow

A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party. Closing of escrow is the responsibility of the escrow agent.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Your neighborhood may require homeowner's association (HOA) fees, too. You want to choose the best price available Find an Agent Yes, it does cost money to hire a real estate agent.

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The Complete Guide to Buying a Home After College

Raleigh Realty

These challenges can be overcome if you find a great real estate agent. And for one more benefit, you can deduct your property taxes. But it does give you a useful document about your financial standing that you can show a real estate agent. Here's how to choose the right Real Estate Agent.

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Second-Time Homebuyer Guide

PennyMac

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. Other home expenses, such as property taxes, utilities, homeowners insurance and often costly homeowners association (HOA) dues, will also continue until you sell.

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What’s Included in Closing Costs?

PennyMac

This fee will cover the attorney preparing and reviewing agreements and contracts. An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Property Tax. Every homeowner is required to pay property taxes. Closing Fee.