What rights do I have when buying a home?
When buying a home in North Carolina, you have certain rights that protect you as a consumer. These rights include the right to protection from unfair practices by real estate agents and brokers, the right to have a home inspection, the right to receive proper disclosure about the property, and the right to receive a title insurance policy. The North Carolina Real Estate Commission protects consumers by regulating the activities of real estate agents and brokers. They also provide information on your rights as a consumer. When purchasing a home, you have the right to have a home inspection to make sure the home is in a good condition before you buy it. This will help provide you with peace of mind and knowledge that the property you are buying is sound. When buying a home, you also have the right to receive proper disclosure about the property. This includes disclosure of any known problems with the property, such as water damage, mold, or pest infestations. You must receive this disclosure before signing a sales contract. Finally, you have the right to receive a title insurance policy. Title insurance provides you with coverage in the event of any problems with the title of the property after the sale. This policy helps protect you from any financial losses related to a title dispute. These are just some of the rights you have when buying a home in North Carolina. It is always a good idea to speak to a real estate attorney who can provide professional advice on your rights and help ensure that your rights are protected.
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