Buying a home in North Carolina comes with a few terms that can catch buyers—especially out-of-state buyers—off guard. In this episode of the Lake Norman Home Team Podcast, Melissa and Eric Sanchez break down two of the most misunderstood parts of a purchase contract: due diligence and earnest money.

They explain how these two deposits work very differently, why North Carolina’s due diligence fee is more like a non-refundable commitment than a traditional deposit, and how it functions as both protection for buyers and a powerful negotiating tool for sellers. The conversation dives into real-world scenarios, multiple-offer strategies, and how “intent” plays a major role in writing a strong offer.

Melissa and Eric also walk listeners through what actually happens during the due diligence period—inspections, surveys, lender coordination, and common issues that appear on inspection reports (yes, GFCIs and caulking make an appearance). For first-time buyers, they offer practical advice on how to interpret inspection reports without panic and how a good buyer’s agent helps separate real issues from normal wear and tear.

The episode wraps with a clear discussion of timelines, refunds, risks, and why preparation—especially with your lender—matters more than most buyers realize.

If you’re considering buying in Lake Norman or relocating to North Carolina, this episode provides essential clarity before you ever write an offer.

Learn more and access additional resources at
👉 laknormanhometeam.com

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