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North Carolina Due Diligence Money vs. Earnest Money: A Clear Guide for Homebuyers
In North Carolina, Due Diligence Money is a non-refundable fee paid directly to the seller in exchange for time to investigate the property, while Earnest Money is a refundable deposit held in escrow to show good faith and is only forfeited if the buyer backs out after the due diligence period. Both are paid at contract signing and credited toward the purchase at closing.
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