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So, if you’re buying a primary residence for $310,000 with a conventional loan, and you’re putting down 12 percent, or $37,200, the seller can agree to pay for up to 6 percent of the purchase ...
Concessions: Many sellers agree to pay a portion of the buyer’s costs to sweeten the deal — for example, a seller may cover the cost of a needed repair discovered in the home inspection.
Title-related fees: Home sellers in many areas are responsible for paying the costs of a title search and title insurance, which protect against potential ownership issues.
North Carolina is a state located in the Southern United States.According to the 2020 United States census, North Carolina is the 9th-most populous state with 10,439,388 inhabitants, but the 28th-largest by land area spanning 53,819 square miles (139,390 km 2) of land.
CNBC's list of "Top States for Business for 2010" has recognized North Carolina as the fourth-best state in the nation, behind Texas, Virginia and Colorado. [8] North Carolina is an at-will employment state, meaning employees in the private sector may be dismissed without prior notice or reason. In October 2019, the unemployment rate was 4%. [9]
North Carolina's planning and development regulations for cities had been consolidated into Article 19 of General Statutes Chapter 160A in 1971. [1] The regulations for counties were consolidated into Article 18 of Chapter 153A in 1973. [1] In the decades that followed, hundreds of amendments were added to these chapters without a consistent ...
Buying a home can be pricey in the Triangle. So can selling one. A new study offers breakdown (including Realtor fees) for NC. Take a look.
North Carolina is a Dillon's rule state, [41] and municipalities are only able to exercise the authority that the General Assembly or state constitution explicitly gives them. [33] All municipalities in North Carolina operate under either mayor-council governments or council-manager government , [ 33 ] with most using the latter. [ 32 ]