HomeLight

MARCH 22, 2022

Ever heard of the due diligence fee in North Carolina? Not to rain on your parade, but North Carolina has something called the due diligence fee, separate from the down payment or earnest money deposit, that you need to have ready to nab that home. We have good and bad news.

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Realty Biz

SEPTEMBER 14, 2023

Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral. Lawyers do this by performing a title search. Some attorneys charge a flat fee, while others bill hourly rates.

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HomeLight

OCTOBER 5, 2020

Before you bid, it’s a good idea to run a title search , which will give you an indication of any liens on the home. Constantine recommends you do your due diligence. One reason it’s so important to have a qualified, dependable real estate agent on your side is to help you with these due diligence tasks.

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HomeLight

SEPTEMBER 1, 2022

It’s important to do your due diligence when deciding what agent to hire. Send your earnest money deposit. The earnest money deposit is typically between 1% and 3% of the purchase price and essentially shows the seller that you’re serious about buying their home. Order a title search.

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HomeLight

JULY 31, 2021

Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Earnest money deposit. The next step is to “ clear title ,” a process that shows the house is free of any liens, judgments, or bankruptcies that would prevent the transfer of ownership.

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HomeLight

MARCH 16, 2023

Save money on closing costs and other fees: Although you’ll probably give a discount by selling to a cash buyer, you’ll save on various costs that cut into your profit with a traditional sale such as real estate agent commission averaging 6% in Houston. The buyer does due diligence during the option period in Texas.

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HomeLight

OCTOBER 29, 2020

If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk. Review the detailed settlement document provided by the closing attorney and you’ll see a line item for a property title search. So can a financing contingency be negotiable?

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The Close

DECEMBER 29, 2022

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.

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