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FAQs: Real Estate Closings in North Carolina
Becoming a homeowner involves several crucial milestones, with real estate closing being one of the most significant. The real estate closing, or settlement, is the final step in the home-buying process. It’s when property ownership is transferred from the seller to the buyer. During this meeting, both parties and their representatives gather to review and…
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Legal Lingo: An Overview of Common Rental Terms
Are you planning to rent or lease a property? Perhaps you’re a first-time landlord looking to draft a rental agreement. Understanding the key terms related to real estate rentals is crucial to ensure a smooth and legally sound process. In this latest installment of our Legal Lingo blog series, we’ll explore and define some essential…
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FAQs: Refinancing in North Carolina
When you decide to use a mortgage loan to buy a home or any real estate, you also decide to make a long-term investment. If the market or your financial situation changes during the term of your loan, you may choose to take advantage of your option to refinance your mortgage to change the terms…
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Legal Lingo: An Overview of Common Real Estate Terms
The legal world is full of terminology that can confuse anyone outside it. Through our Legal Lingo blog series, we’ll introduce you to and define some legal lingo you might encounter to help you be more informed. Real estate transactions, in particular, include many terms specific to the real estate world, and if it’s your…
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North Carolina Landlord Disclosure Requirements
North Carolina state law requires landlords to disclose certain information to their tenants about the property or the policies in their lease. These disclosures should be done through written communication, typically in the lease or rental agreement, and ensure a safe and secure rental experience for both landlords and tenants. As a landlord, it’s important…
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FAQs: North Carolina Short Sales
While real estate short sales can provide sellers a way out of an unmanageable mortgage, and buyers an opportunity to buy a property at a bargain, they have typically been considered a rarer option. However, with recent declines in the economy, the North Carolina real estate market has seen an increase in “short sale” transactions. …
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Is a Mobile Home Considered Real Property or Personal Property in North Carolina?
Manufactured homes, most commonly known as “mobile homes,” present a unique challenge for real estate professionals, particularly when it comes to the issue of whether they should be titled as real property or personal property. Real Property vs Personal Property Real property consists of land and buildings or structures permanently affixed to it. Personal property…
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Deed of Trust in North Carolina
There are many documents and contracts involved in real estate transactions, and trying to understand all of them can get a little overwhelming. One that we find people often have questions about is the deed of trust. What is a deed of trust? A deed of trust is a legal agreement used in real estate…
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An Overview of North Carolina Property Deeds
As you navigate your way through any real estate transaction, you’re likely to encounter a lot of vocabulary terms that are specific to the real estate world. If it’s your first foray into real estate transactions, all of this new jargon can get confusing. We find that one of the concepts clients often struggle to…
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Why Do I Need a Real Estate Attorney in North Carolina?
Real estate sales are not simple transactions. A lot of legal knowledge is necessary to complete real estate transactions, so it’s not only helpful to have a real estate attorney involved in the process, in the state of North Carolina, it’s required. Why you need a real estate attorney in North Carolina North Carolina law…
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