When purchasing a home in North Carolina, you will need to write two upfront deposits with the Offer to Purchase and Contract. The two upfront checks are called the “due diligence fee” and “earnest money.” It is important to know that the due diligence fee is non-refundable, and if you are not careful, you could […]
Tag Archives: earnest money
Real Estate Broker Shot Over Earnest Money
Today I had an email from a REALTOR friend who works in another state telling me that an 88 year old man had walked intoĀ a localĀ real estate office and shot the Broker in Charge because he wanted his earnest money back. I have seen many home buyers and home sellers dispute over who should receive […]