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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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12 Hidden Costs When Buying a House

Raleigh Realty

You do not pay your Realtor as a buyer. This is how Realtors get paid. When you close on the home, the earnest money deposit typically goes towards purchasing the property. Property Taxes In the state of North Carolina, there is no statewide property tax. This is one thing many buyers don't realize.

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The Complete Guide to Buying a Home After College

Raleigh Realty

And for one more benefit, you can deduct your property taxes. Hiring a real estate agent gives you a knowledgeable professional who knows how to read contracts. Best of all, your real estate agent can draft a contract that protects your interests. Your contract should tell you how long the period of due diligence lasts.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

The number of new and active listings (still on the market on May 1) is trending higher in King month-to-month, but since June 2021 Pending sales (homes going under contract) for all residential units in the county have declined compared to the same month the year before. with annual property taxes at, gulp! , $233,383!