Due Diligence is still so new in our Triangle Area Real Estate Market that there isn't yet a standard or rule of thumb to guide us.
As we mentioned in Part 1 for Realtors® and Part 2 for Sellers, here in the North Carolina Raleigh-Cary area due diligence (in a nut shell) is a clause in the new Offer to purchase contract that sets a time frame for a buyer to do everything they need to do (the home inspection, appraisal, … (1 comments)
Due Diligence is still so new in our Triangle Area Real Estate Market that there isn't yet a standard or rule of thumb to guide us.
As we mentioned in Part 1, Due Diligence for Realtors®, here in the North Carolina Raleigh-Cary area due diligence (in a nut shell) involved the set amount of time a buyer has to do the home inspection, appraisal, pest, radon and lead paint inspections, etc., to decide if they want the home after everything has … (10 comments)
Due Diligence is still so new in our Triangle Area Real Estate Market that there isn't a standard or rule of thumb yet to guide us.
I received a call the other night from a colleague with some questions on an offer they just received; it was concerning the new due diligence process. Here in the North Carolina Raleigh-Cary area due diligence (in a nut shell) involves the set amount of time a buyer has to do the home inspection, appraisal, … (8 comments)
We started this series on What’s new in the NC Offer to Purchase Contract as a result of questions we’ve been getting since the new forms were announced. Next in our series let’s answer the question: What’s the difference between personal property and fixtures? Do the bathroom mirrors stay?
There is some verbiage that changed in the new NC offer to Purchase Contract that directly addresses some of the … (3 comments)
We started this series on What’s new in the NC Offer to Purchase Contract as a result of questions we’ve been getting since the new forms were announced. Next in our series let’s answer the question:
What inspections should we consider having done during the due diligence period on the home we want to purchase? One of the most important elements of … (3 comments)
What needs to be done during the due diligence period? We began our discussion about the new North Carolina Residential Offer to Purchase Contract looking at Due Diligence. We explored just what the Due Diligence time frame might look like as well as some examples of how much the Due Diligence fee might be. Then we continued on taking a look at Earnest Money. So today … (3 comments)
We began our discussion about the new North Carolina Residential Offer to Purchase Contract looking at Due Diligence. We explored just what the Due Diligence time frame might look like as well as some examples of how much the Due Diligence fee might be. Now let’s … (8 comments)
We're starting to get asked a lot of questions concerning the new offer to purchase contract and addendums. As many of you probably already have heard, members of the North Carolina Association of Realtors® and lawyers from the Real Property Section of the NC Bar Association came together to form the Joint Forms Task Force. For over 18 months they convened to craft together a new NC Residential Offer to Purchase Contract (OTP) and revised … (9 comments)
Due Diligence - Part 3: Home Buyers
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