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Selling Property in North Carolina

The following information is required for For Sale By Owner (FSBO) and property listed by a Realtor. The purpose of this section of my web page is for give you a broad understanding of most of the contracts involved in buying and selling property. On this page you will find copies of the North Carolina Offer to Purchase contract for both Residential and Land purchases. They are lengthily but not hard to understand. North Carolina is a consumer friendly state with most disputes going to the Buyer. Therefore it is important that you understand the contracts. Their are separate contracts for the purchase on land, residential and commercial properties and copies of each are attached. The contracts are farther divided by types of Financing. For example FHA, Va and Conventional financing require different contracts. You will also see a Property Disclosures, this contract is for the seller to fill out, (Realtors are not allowed to fill out), to the best of their knowledge. If you don't know the correct answer it is best to check "No Representation". If the residence was built before 1978 you must also fill out a Lead Based Paint Addendum.  Sellers or their agent must also have copies of the Plat, Covenant and Restrictions, Home Owners Association By Laws, Tax Information and any other information that a Buyer may request. These items are in addition to a good Marketing Plan. North Carolina also requires the the Buyer sign and receive a copy of "Working with Real Estate Agents". This form is not required by a FSBO because they are representing themselves and the Seller should be aware of this. The Seller should realize that the Buyer could be represented by a Realtor and you may be negotiating with a Buyer Representative.  
If you have more questions about the North Carolina Contracts please feel free to call or email with your questions.

As a seller if you should decide to list with a Realtor there are contracts that the Realtor will ask you to sign. Part of the contract will be the: Location of the Property including legal address Asking Price Length of contract Special showing Instructions Names and contract information about the owners Name and contact information about Real Estate Brokerage and Agent at the time of listing the property, if a residence, you will be asked to fill out the "Property Disclosure."

 

Homes

Country/Log Homes
Country/Log Homes w/water
Traditional Homes $50k - $125k
Traditional Homes $125k - $775k
Traditional Homes 10+ acres
Fixer-Uppers
Condominiums

Land

Land under $50k
Land over $50k
Land w/creek or river frontage
Land w/lake frontage
Land unrestricted
Land 30 acres+
 

Commercial

Business/Commercial

 

Contact Information:

Tom Nickolson
Mountain Homes & Land, Inc.
Toll Free: 877-353-2054
Office: 706-745-2107
Home: 828-644-9306
Cell: 828-361-5817
Email: Tom@TomNickolson.com

© 2008 by Tom Nickolson - All rights reserved.