Buying a home in NC can feel like a maze.
“Due diligence fees, earnest money, Form 2-T… what does any of it mean?”
We explain each step in plain English before you need it, and your agent is with you at every one.
“What if we find a problem after we’re under contract?”
That’s what the due diligence period is for. We help you plan inspections and negotiate repairs, so you can move forward or walk away with confidence.
- 01
Should I get pre-approved first?
Yes. Talk with a lender before you shop so you know your budget and can make a confident offer.
Try the affordability calculator, then get a pre-approval letter.
- 02
Do I need to sign anything before touring?
Yes. North Carolina requires a written buyer agreement before an agent tours a home with you. It explains the agent’s services and compensation, which is negotiable.
You’ll also receive the NC Real Estate Commission’s “Working with Real Estate Agents” disclosure.
- 03
How do I make an offer in NC?
Your agent prepares the Offer to Purchase and Contract (Form 2-T). You choose the price, due diligence fee, earnest money, due diligence date, and settlement date.
The seller can accept, counter, or decline. Once accepted and communicated, the contract is in effect.
- 04
What happens during the due diligence period?
This is your time to investigate: inspections, insurance quotes, appraisal, loan approval, survey, HOA documents. You can terminate for any reason before it ends and get your earnest money back.
The due diligence fee goes to the seller and is generally nonrefundable unless the seller breaches. Negotiate repairs before the due diligence date. More answers.
- 05
What changes after due diligence ends?
Your earnest money is generally at risk if you don’t close, and financing or appraisal issues usually aren’t grounds to terminate unless your contract added protection.
Keep your loan on track: don’t open new credit or change jobs without talking to your lender.
- 06
How does closing work in North Carolina?
A licensed NC attorney handles closing: title search, documents, signing, and recording the deed. You’ll do a final walk-through, sign, and get the keys once the deed is recorded and funds are disbursed.
Verify wiring instructions by phone with your attorney. Never trust emailed instructions alone.
General information, not legal or tax advice. Contract terms vary; your agent and closing attorney can advise on your situation. Form references are to the current NC Bar Association / NC REALTORS® standard forms.