Form 2-T gives us many answers, but when it comes to pools, it historically left one big question floating: Who pays to de-winterize and re-winterize the pool for inspections? To stop the splashing over this issue, the N…
North Carolina brokers love a good long weekend, but Form 2-T does not share that sentiment. Under Standard Form 2-T, “days” means consecutive calendar days—including Saturdays, Sundays, and every holiday from New Year’s…
Paragraph 8(h) of the Offer to Purchase and Contract often causes confusion, but its application is actually straightforward. The provision only becomes effective if the seller has failed to disclose any known or suspect…
Real estate brokers love a smooth closing, but let us face it: not every contract makes it to the finish line. Some glide gracefully into Settlement, and others skid sideways into the ditch. When a Buyer decides to termi…
Every profession has its pet peeves, and real estate is no different. Today’s tip is a friendly reminder about two common language mistakes that are easy to fix and worth correcting.
In North Carolina, a material fact is not limited to what you can see inside the walls of a home. A material fact is anything that would influence a reasonable buyer’s decision to purchase, or the price and terms they ar…
In North Carolina, Form 2-T gives the seller very limited remedies if a buyer breaches the contract. Once the Due Diligence Fee has been paid and the Due Diligence Period begins, the buyer’s only financial exposure is th…
Everyone loves the idea of a quick closing, but speed means nothing if the timeline is unrealistic. One of the most common mistakes agents make is selecting a closing date without first confirming whether the lender can …
Short sales can be a valuable resource in real estate, but they are often misunderstood. A short sale is not simply a way for a seller to avoid bringing money to closing. It is a hardship-based solution, and the seller m…
Welcome to BIC TIP 1100! Thank you to everyone who has watched, commented, and supported this series. Today is a milestone moment, and instead of a traditional tip, I want to share an announcement that means a great deal…
he final walkthrough is not another inspection. It is the buyer’s last opportunity to confirm that the property is in the condition the contract requires before closing. When the buyer discovers a problem during this wal…
In North Carolina real estate transactions, timing and documentation matter. When a buyer fails to deliver an Initial Earnest Money Deposit or a Due Diligence Fee, many agents hesitate or wait too long to take action. Th…
