Real Estate Law

Have real estate law questions? Ask a real estate lawyer.

Ask a Lawyer,
Get an Answer ASAP!

NC purchase information. Probably need lawyer who is expert…

Customer Question
NC purchase information. Probably need...
NC purchase information. Probably need lawyer who is expert in NC law?
Buying house in New Bern NC. All contingencies have been removed. If we back out what are we legally required to pay other than earnest money(deposit?)
Is there some recourse the seller is entitled in addition to deposit given.
When we move to NC from FL we have to be careful as to when we become NC residents instead of FL. Concern is taking out IRA taxable and avoid NC 6% tax.
Is it when we buy in NC, turn on utilities, enter state, etc.?
Need to thread the needle here or have big unnecessary tax bill. If we are NC residents before selling FL home I assume we would have NC tax on any gains?
Thank you for assistance.
Submitted: 2 years ago.Category: Real Estate Law
Show More
Show Less
Ask Your Own Real Estate Law Question
Answered in 1 hour by:
1/17/2016
Real Estate Lawyer: Dwayne B., Attorney replied 2 years ago
Dwayne B.
Dwayne B., Attorney
Category: Real Estate Law
Satisfied Customers: 34,389
Experience: Began practicing law in 1992
Verified

Hello and thank you for contacting us. This is Dwayne B. and I’m an expert here and looking forward to assisting you today. If at any point any of my answers aren’t clear please don’t hesitate to ask for clarification. Also, I can only answer the questions you specifically ask and based on the facts that you give so please be sure that you ask the questions you want to ask and provide all necessary facts.

I'm not from NC, I practiced mostly in Texas and now do consulting work across the US, but the laws on contracts in NC are about the same as in every other state. This is an area of the law that only has minimal differences, none of which are implicated here.

If you want me to answer let me know, if not I can opt out.

Ask Your Own Real Estate Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a real estate lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Barrister Your Own Question
Barrister
Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 12,111
12,111 Satisfied Customers
Experience: 17 years real estate, Realtor. Landlord 26 years

Barrister is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Barrister

Barrister

Lawyer

12,111 satisfied customers

17 years real estate, Realtor. Landlord 26 years

Infolawyer

Infolawyer

Lawyer

8,377 satisfied customers

Experienced lawyer

Ray

Ray

Lawyer

8,253 satisfied customers

Texas Attorney for 30 years dealing in real estate

LawTalk

LawTalk

Attorney

6,208 satisfied customers

I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

Dimitry Esquire

Dimitry Esquire

Attorney

5,526 satisfied customers

JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin

Ely

Ely

Counselor at Law

4,998 satisfied customers

Qualified attorney in private practice including business, family, criminal, and real estate issues.

P. Simmons

P. Simmons

Lawyer

3,572 satisfied customers

12+ yrs. of experience including real estate law.

< Previous | Next >

Related Real Estate Law Questions
Second opinion] I would like to purchase one commercial
second opinion] I would like to purchase one commercial property, but I would like to extend my close escrow day to 180 days. My agent told me that I can do the non-refundable deposit and let my offer… read more
Amadeo Rivera
Amadeo Rivera
JD
85 satisfied customers
I live in Ohio... I sold my residence to a gal from Fl.. on
I live in Ohio... I sold my residence to a gal from Fl.. on contingency that she had a sucessful closing in Fl. on her sale...Here you have to be out at closing..so I put offer in on place and made a … read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
We are able to obtain a mortgage that is contingent upon
Hi, we are able to obtain a mortgage that is contingent upon sale of our current residence. Our current residence is under contract but the closing is set after the closing date of our purchase. We as… read more
Irwin Law
Irwin Law
Juris Doctor JD
7,183 satisfied customers
My wife & I submitted a contract to buy a house & it was accepted
My wife & I submitted a contract to buy a house & it was accepted by the seller. We had a home inspection completed and was acceptable. We have this contract but are now having second thoughts about c… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
In March I consulted with a lawyer with this group on a real
In March I consulted with a lawyer with this group on a real estate contract. I need one last look as the sellers are refusing to return any of the money we gave them upfront. Here is a summary. My da… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I am in a contract to buy a house. I am unable to get financing.
I am in a contract to buy a house. I am unable to get financing. The seller stated that he will be keeping the earnest money ($4500.00). The financing contingency reads as follows: 7. FINANCE: Buyer's… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
We are purchasing a home and the appraisal came back $2,400
We are purchasing a home and the appraisal came back $2,400 less than what our original accepted offer was. Is it customary to ask the sellers to lower the price based on the appraisal? We have an app… read more
lwpat
lwpat
Doctoral Degree
256 satisfied customers
I am in the process of buying a house in Charlotte, NC. We
I am in the process of buying a house in Charlotte, NC. We are out of our due diligence period. In the sellers disclosure documents, the seller did not mark the section on utility right of easement (t… read more
Barrister
Barrister
Lawyer
Doctoral Degree
12,111 satisfied customers
In April, I entered into a purchase agreement for a condo.
In April, I entered into a purchase agreement for a condo. In a side deal (not in the purchase contract), I agreed to buy a portion of the furniture from the sellers. I submitted earnest money and pay… read more
Barrister
Barrister
Lawyer
Doctoral Degree
12,111 satisfied customers
WE are planning to sell our permanent residence soon and have
WE are planning to sell our permanent residence soon and have the following questions 1. can we finance the sale and not pay taxes on the monthly payments. As i understand the current law we can sell … read more
Attyadvisor
Attyadvisor
Doctoral Degree
8,344 satisfied customers
We are under contract for a home in South Carolina. We live
We are under contract for a home in South Carolina. We live in NC. We do not wish to pursure the purchase due to various miscommunications about the property both verbally and in writing. The deal fee… read more
LawTalk
LawTalk
Attorney
Juris Doctor
6,208 satisfied customers
"Purchaser shall pay the Seller the purchase price for the
"Purchaser shall pay the Seller the purchase price for the foregoing the sum of $24,500. A non-refundable earnest deposit of $5,000 shall be due at the signing of this document with the remaining $19,… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
hello , i am in the process of buying a house - so executed
hello , i am in the process of buying a house - so executed a pre-closing contract. the contract says - if the buyer is at default to make the closing by the specified date, the seller may @enforec sp… read more
LawTalk
LawTalk
Attorney
Juris Doctor
6,208 satisfied customers
My father passed 2.5 years ago and my brother and I inherited
My father passed 2.5 years ago and my brother and I inherited his home which was in an estate. The deed is now in both mine and my brothers name. I have sold another home so that I could start buying … read more
evanesq
evanesq
Managing Attorney
Doctoral Degree
6 satisfied customers
My husband and I signed a purchase agreement to buy a home.
My husband and I signed a purchase agreement to buy a home. Approximately 36 hours after signing we realized we had made a big mistake. Earnest money was never given and the house was never taken off … read more
LawTalk
LawTalk
Attorney
Juris Doctor
6,208 satisfied customers
The buyer had intended to buy a house. A purchase agreement
The buyer had intended to buy a house. A purchase agreement was signed by buyer and seller and $5000 of earnest money was deposited by buyer into escrow. In order for the seller to agree to the repair… read more
TaxAttorneytoHelp
TaxAttorneytoHelp
Owner
Doctoral Degree
2,542 satisfied customers
We are in a short sale for a property in FL, possible forclosure.
We are in a short sale for a property in FL, possible forclosure. We are trying to buy a home in GA before our credit tanks. My wife is diabled but getting SSI. Can the FL creditor attach the GA home … read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
I applied for a mortgage on a condo as a second home in NC.
I applied for a mortgage on a condo as a second home in NC. I was approve immediately, but after four months the condo approval department rejected the loan....even though it appeared to meet Fannie M… read more
Infolawyer
Infolawyer
Lawyer
Doctoral Degree
8,377 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x