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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. Due Diligence: What Is it?

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Say What? Home-Buying Lingo You Should Know

Zillow

Condo insurance : Homeowners insurance that covers personal property and the interior of a condo unit should damage occur. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc. Inspection occurs when the home is under contract or in escrow.

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What’s Included in Closing Costs?

PennyMac

This fee will cover the attorney preparing and reviewing agreements and contracts. State laws will usually dictate who is legally responsible for overseeing the closing. An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Property Tax.

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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. Due diligence stretches from the time you sign a contract to closing. How Much Can You Expect to Pay?