Rest Easy Rundown
The Inevitable Closing Attorney Intake Process
Closing on a home whether you’re the buyer or the seller, can seem like a daunting process. The amount of time and effort both sides put into it even before a contract is executed seems insurmountable. But for both parties, once the contract is executed and the time...
When Should I Send My Closing Proceeds Wire?
In the olden days of TRID, buyers would have their final cash to close numbers at least 3 days in advance of closing, leaving them plenty of time to coordinate moving their funds around and send a wire to us for their final cash to close. These days, we are lucky to...
Estate Tax Exemption Sunsetting in 2026
Many of our clients are concerned about avoiding estate taxes on their assets that they leave to beneficiaries at death. Fortunately, current regulations allow individuals to make testamentary devises to heirs up to a certain cumulative amount without paying taxes....
Capital Gains Exclusions
Low inventory in the marketplace has been a leading topic of discussion in the market for years now. A variety of factors working in conjunction with each other have created the environment we’ve been operating in. You hear certain points made regularly. Homeowners...
HEY, DOES THIS CONVEY?!
One of my favorite stories from closing (I honestly still twitch thinking about it) is the day I had to mediate a fight between buyers and sellers over a blueberry bush. This was not any blueberry bush, it was a sentimental blueberry bush. The sellers wanted to take...
HOA Mythbusters
Many people want a home that isn’t governed by an HOA, but that is very unlikely in our area. HOAs, Homeowner’s Associations, are everywhere and it is vital that you know what you can and cannot do when it comes to payments and involvement. Here are a few myths...
Exchanging the 1031 Exchange
A 1031 exchange, also known as the like-kind exchange, is a helpful tool and tax strategy for real estate investors that sell properties and buy replacement properties that are considered “like kind” in nature. Business owners of typical industries such as drug...
Remote Electronic Notarization – Remote closings this summer, right?
You may have heard by now that Remote Electronic Notarization will begin in NC on July 1, 2023. That means we can complete all closings via Zoom starting this summer, right? That seems to be the expectation from many real estate professionals who have heard about...
Escalation Clauses
In a time when we have a busy market with low inventory, everything seems frantic. Once a buyer finds their dream home, it’s human nature to want it at all costs. Buyers are then asking their real estate agent, what can we do to stand out? How can we present the...
Why are some buyers struggling to send wires?
Help us help your buyers ensure smooth sailing to the finish line. Despite our many warnings along the way to buyers that they must send their cash to close in the form of a bank wire to our trust account, we have recently had a rash of buyers attempting to send funds...