Closing a real estate deal can be a stressful and complicated process, with many potential pitfalls that can cause the transaction to fall through. By paying attention to these warning signs, real estate agents, attorneys, and buyers can avoid costly mistakes and ensure a successful transaction. #1. There is an estate involved. The first red flag to watch out for is when there is an estate involved in the Read More
Judgment Liens: What Every NC Homeowner Needs to Know
If you're a homeowner in North Carolina, you may have heard of judgment liens, but you might not know what they are or how they can affect you. Here's a quick overview of judgment liens and what they mean for North Carolina homeowners. First things first: What is a judgment lien? When someone owes money to another person or entity, and they fail to pay what they owe, a creditor can take legal action to get a Read More
5 Documents You’ll See At the Closing Table
Buying a home is a huge milestone, but it also comes with a ton of paperwork that can make your head spin. Don't worry, though! Understanding the documents you'll encounter at closing can help you feel more in control of the process and ensure that you're getting the best deal. Here are the five most important documents you'll most likely see at closing: Closing Disclosure The Closing Disclosure may not be Read More
Everything to Expect on Closing Day (Step-By-Step Guide for Homebuyers)
Closing day is the final step in the home buying process, and it can be an exciting and nerve-wracking experience for first-time homebuyers. In this article, we'll walk you through the timeline of what to expect on closing day, so you can feel prepared and confident. The Walk-Through The day of your closing will likely start early with a walk-through of the property. The purpose of the walk-through is to Read More
Marital Interest in Real Estate Transactions: What You Need to Know in North Carolina
As a real estate attorney, clients are often taken aback when informed that their spouse required to sign certain documents during a real property transaction. Some may even question the necessity of their spouse's involvement, especially if they have no prior connection to the property. “Why do they need to sign? They’ve never had anything to do with this property!” In North Carolina, Read More
Buying Property As an LLC
Are you curious about whether an LLC can purchase a property? The good news is, the answer is yes! If you're looking to expand your business and acquire real estate, buying a property with your LLC can be a smart move. However, navigating the legal and financial aspects of this process can be challenging. In this blog post, we'll delve into the ins and outs of buying a house with an LLC, including potential Read More
5 Unexpected Hurdles When Selling Out of an Estate
Selling a property out of an estate can be a complex and challenging process, and there are several obstacles that agents should be aware of as they navigate the legal and financial difficulties of the situation. Tracking Down Heirs The first obstacle is tracking down all the heirs and spouses entitled to a share of the estate. It can be a daunting task, especially if there are estranged family members or Read More
Your Guide To Reading A Settlement Statement
Regardless of how many times you have gone through the home-buying process, there is going to come a time when you get a settlement statement from your lender. Odds are, you will need to learn how to read it in preparation for your closing. However, as attorneys who focus exclusively on real estate law, we are here to help. Not only should this process be fun, but you should be able to rely on your attorney to answer Read More
Open House Checklist for Buyers
Are you thinking of going to an open house this weekend? If so, be sure to follow this checklist to make the most out of it! Many homebuyers feel overwhelmed when they attend their first open house. However, with a little preparation and a checklist, you can make the most out of this valuable opportunity to view properties. Here is your ultimate guide to making the most out of open houses. Happy house Read More
Our Best Advice For New Real Estate Agents
Agents and attorneys have the same goal, but they cover two different components of a transaction. Buyers need reliable closing attorneys as much as they rely on dependable agents to help them find a home and make a fair offer based on market value. As a real estate attorney in the Lake Norman area, we wanted to share some advice for new real estate agents. Although we are lawyers, we have completed thousands of Read More