What is this new “Due Diligence” Fee in North Carolina and how does it affect me?
I know I will be explaining this question for a long time to come! As of January 1st 2010 in North Carolina, we no longer have just the Earnest Money deposit option on the Offer to Purchase Sales agreement. Our new forms are now are more like the commercial forms and offer a Due Diligence […]
Why do Lender’s counter an offer for more than the current list price?
I was recently asked the same question by two of my clients here in Statesville NC, that concerned short sales and foreclosures and I thought I would share with you the answer as it may be helpful during your home search. QUESTION: Why do lenders counter an offer higher than the current list price on […]