If a person in North Carolina intends to sell their land or property and has found a buyer, the offer to purchase and contract should be used to formalize the purchase. Most of the form must be processed by the respective real estate agencies for buyers and sellers, and licensed lawyers must check the language when the document is ready. Nc-offer-to-purchase-and-contract-form-2-t offers to purchase and contract must be reviewed and signed by different people: As a rule, ownership is transferred “as is" – in its current state. However, North Carolina laws require the seller to provide the buyer with two additional documents to complete the sale. You must confirm receipt of these two forms in your real estate contract: The current offer to purchase and contract form were introduced by the North Carolina State Real Estate Commission in 2011. The wording of the form is intended to protect the legal rights of buyers and sellers. If you decide not to use this form during a real estate transaction, open yourself to possible legal implications at all levels. You will also have a much larger headache if you try to submit the required documents. It`s best to use Form 2-T to cover all your bases and put all the parties involved on the same page.

The contract will include a number of different details about the property and the purchase price. If furniture or personal property is included, it will be indicated on the form. In addition, the legal description and civic address of the property are noted. Note: The Q&A brochure on: Home Inspections mentioned on this form can be found on the North Carolina Real Estate Commission website. Once the buyer and seller have signed the standard form, it must be brought to a local notary office and notarized. Real estate agents must also sign at the bottom of the last page. Lead Paint Disclosure – Sellers of all buildings constructed before 1978 must provide buyers with a written statement revealing their knowledge of the use of toxic lead paint in the building. The standard form 2-T, Real Estate Offer to Purchase and Contract Form, is a legally binding agreement used by North Carolina residents to confirm their intention to sell and buy real estate. This is the main document that records the transfer of ownership from the seller to the buyer – without a properly written contract, the interests of both parties could be threatened. Contracts for the purchase and sale of residential real estate in North Carolina are used by potential real estate buyers to make an offer to purchase a home. The form contains information about the buyer`s offer, the property and the seller.

In addition to submitting their bid, the buyer must explain how they are funding the purchase and when their bid expires. The person selling the property has the opportunity to accept, reject or negotiate the agreement before the expiry date. State law also requires the buyer to receive a declaration of disclosure of real estate, transmitting information about the public services of the residence and defects or material dangers. If the seller accepts the contract, both parties can sign the contract to formalize the sale. An offer of purchase and contract will be made to you by the real estate agency during the sale or purchase. It is important for a lawyer to review the conditions to check if everything is legally binding. Both the buyer and seller must be aware of all the conditions of the document, from the property included to the purchase price to the inspection obligations. North Carolina has usefully streamlined the real estate buying process by including the most relevant information in this document. If someone owns land or property and decides to sell that property, they are responsible for a whole range of different documents. In North Carolina, an offer to purchase and contract form is a standardized form that explains the terms between buyer and seller. The buyer and seller negotiate these conditions and sign the contract.

It is important that all parties agree on the terms set out in the contract. This is the main purchase document submitted. Therefore, it is the most important legal remedy for both the seller and the buyer if problems arise with the property. . You can download a North Carolina purchase and contract offer via the link below… How to complete the Standard Form 2-T to Enter into a Binding Agreement: Declaration of Disclosure of Residential Property (G.S. 47E-4(b) – Sellers are required to provide potential buyers with a standardized statement detailing the physical condition of the property, including water supply, sanitation, heating and plumbing. North Carolina Association of Realtors – Adobe PDF. . . .