New Year, New Taxes: How the New Year Could Affect North Carolina Property Taxes

The beginning of the year is often filled with thoughts of the future, personal resolutions you want to keep, and the hope of spring being just around the corner. The last thing you want to think about is property taxes. However, in many North Carolina counties, the New Year may also bring with it higher property taxes. In North Carolina, real property taxes are based on the value of real property on January 1st of that year. Theoretically, that means that the value of your home or real property as it stands on January 1st is the value on which … Continue reading

Are You Ready to Buy a House?

Whenever I walk into our firm’s lobby to introduce myself to real estate clients who are there to close on a house, I tend to always greet them by stating “Are you ready to buy a house?!” I usually get one of three responses: a nervous chuckle followed by an “I guess so,” a very loud and relieved “Heck yeah, let’s do this!,” or a “Well, I guess I’m as ready as I’ll ever be, so let’s get this over with.” As a real estate attorney and someone who has recently purchased a home, I am fully aware that buying … Continue reading