To Survey or Not To Survey

One of the most important parts of a real estate transaction is determining the correct legal description of the property. Can you imagine purchasing a piece of property because you love the spacious backyard only to discover a few years later that you actually only own half of the yard? That is exactly what happened to one of my new clients a few months ago. After a title search was completed, it was determined that only half of the back yard had been conveyed when he purchased the property because of an error in the legal description.

Terminating a Real Estate Contract Properly

As a real estate agent, one of the worst things you can hear is that your client wants to terminate their contract. Although it is distressing, it is just part of the job. Because it is never fun having to notify another party that they either will not be selling their home or able to purchase a home, you may be tempted to just get the process over with as quickly as possible. But Stop! Terminating a contract is not as easy as just sending a quick email, text message, or making a quick phone call.

Wire Fraud: Understand and Avoid the Threat!

Imagine, you have worked hard and saved for a large down payment, you have found the perfect home, and now you are days away from closing. The transaction has progressed smoothly, and now you have been contacted by email from someone who appears to be your real estate agent to wire your closing funds to the attorney’s office for settlement. Because your real estate agent has guided you throughout the home buying process, and you have trusted in their guidance, you wire the funds just as they have advised in the email without question. What could go wrong? Wire Fraud!

Understanding the Deed of Trust: What Exactly are you Signing at Closing?

We often joke at the closing table that a borrower is about to sign their life away. Maybe it is not that serious, but signing the promissory note and deed of trust at closing is a life changing event. The promissory note is the promise to repay the loan funds to the lender. The deed of trust secures the house and land to the note and allows a lender to foreclose on a property if there is default. The most common default is failure to make the payments under the promissory note.

HOA Transfer Fees: What Are They and Who Pays Them?

I am frequently asked by listing agents why their seller is being charged for the homeowner’s association (HOA) transfer fee on the Alta settlement statement. In the past, this question was easily answered because the 2015 version of North Carolina’s Offer to Purchase and Contract explicitly stated that the transfer fee was to be paid by the seller; however, now the explanation is a little more complicated.

NC Residential Property Disclosure


Sellers of real property in North Carolina have a lot of obligations to fulfill before selling their property such as ensuring they can provide good title to the buyer and making needed repairs. However, there is another obligation many homeowners do not realize exists, especially those selling their home without the aid of a licensed real estate agent. 

5 Tips to Find the Right Selling Agent

For most people, a home is a person's greatest investment; thus, the decisions involved in selling that investment should be strategic. Oftentimes, though, sellers make hasty decisions when hiring a real estate agent to sell their home. They hire friends or friends of friends and don't do their homework, not realizing the damaging effects a poor hiring decision can have.  Sellers should set their standards high. Choosing the right listing agent can not only effect your property’s time on the market, but also the return on your investment.