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Posted by PerryBundyWebsite | Real Estate Lawyer
There are several different ways to own real estate with another person. Whether you own a home together with a spouse, purchased a property with a friend, or inherited property along with a family member, you could be part of a legal ownership arrangement called a joint tenancy. In a joint tenancy, all owners have …
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Read More...Posted by PerryBundyWebsite | Real Estate Lawyer, Real Estate Transaction Management
Residential real estate is booming. The total value of the residential real estate market in North Carolina surpassed $1.1 trillion for the first time earlier this year. In such an ultra-competitive market, homebuyers must ensure that their rights and interests are properly protected by any purchase agreements. CCRs are too often overlooked. Here, our Monroe …
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Read More...Posted by PerryBundyWebsite | Real Estate Lawyer
When a contractor is not properly paid for labor and/or services—or when they claim that they are not properly paid—they have the right to seek a mechanic’s lien on real property. The Cornell Legal Information Institute defines a mechanic’s lien as “a security interest that may be acquired in property by someone who spends material …
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Read More...Posted by PerryBundyWebsite | Property Deed, Property Title, Real Estate Lawyer
Real estate transactions are complicated. Before you finalize the sale of residential or commercial property in North Carolina, it is imperative that you ensure that all documents are in order. As the world of real estate is full of ‘jargon’, there is a lot of confusion over what exactly terms mean. Notably, the terms “title” …
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The residential real estate market has been blazing hot. The median residential real estate price in North Carolina hit a record high in 2021. With more at stake in real estate transactions than ever before, there has also been a rise in real estate-related disputes. During this market, it is crucial that all parties know …
Continue reading "Real Estate Law in North Carolina: What to Know About Earnest Money"
Read More...Posted by PerryBundyWebsite | Real Estate Lawyer, Titles
As simply defined by Investopedia, a title is a legal document “that shows legal ownership to a property.” If you are buying or selling residential or commercial real estate in North Carolina, it is crucial that you are familiar with the potential issues that can arise with the title. Here, our Monroe real estate attorneys …
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Read More...Posted by PerryBundyWebsite | Real Estate Lawyer, Real Estate Transaction Management
The real estate market has been especially hot over the past 12 months. Earlier this year, the Carolina Public Press reported that the housing market in North Carolina “exploded” as pandemic-related restrictions started to ease. In this market, it is crucial that you are prepared to navigate the transaction. Real estate transactions are complicated. Whether …
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Read More...Posted by PerryBundyWebsite | Real Estate Lawyer
The National Association of Realtors (NAR) reports that six million homes are sold in the United States every year. Earlier this year, CNBC reported that home prices rose at a historic rate. In order to be savvy consumers, buyers and sellers must have the tools and information they need to navigate such a dynamic real …
Continue reading "Contingent vs. Pending: What to Know About the Difference"
Read More...Posted by PerryBundyWebsite | Real Estate Lawyer
Purchasing a home in cash holds a myriad of benefits for both parties. For the buyer, it presents the possibility of a faster closing and allows you a strong negotiating position. The seller, on the other hand, may also face fewer obstacles such as waiting on buyer approval. Though a cash closing is typically simpler …
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Read More...Posted by PerryBundyWebsite | Attorney, Lawyer, Real Estate Lawyer, Uncategorized
The Importance of Understanding the Agreement When buying or selling a home, one of the most important documents you will sign is the Offer to Purchase and Contract. This is a legally binding document that details the terms and conditions of the transaction, and also sets a fixed timeline for the closing. Often, the contract …
Continue reading "What does “Under Contract” mean? A Guide to the Offer to Purchase and Contract"
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