Can a Buyer Back Out of Buying a House in Raleigh, NC? Your Rights and What It Will Cost You
In North Carolina, a buyer can cancel a home purchase for any reason and at any time, with written notice to the seller. The buyer loses the due diligence fee (which the seller keeps) no matter what. After the due diligence period ends, the buyer’s options narrow significantly: walking away typically means losing the earnest money and potentially facing legal action.