The North Carolina purchase agreement records all pertinent information pertaining to a real estate transaction. The form is customarily completed and extended from one party to another as an initial offer. This document records key information such as the contract’s terms, buyer/seller information, sales price, and closing date.
The form can be amended and negotiated until a final offer is accepted and executed.
Required Disclosures
Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – The US Environmental Protection Agency obligates the seller of residential properties to reveal the potential for exposure to lead-composed materials. Recognized informational packets discussing risks and warning signs must be dispersed before the conclusion of the sale.
Residential Property and Owners’ Association Disclosure Statement (§ 47E-4) – The state of North Carolina stipulates a mandated disclosure form be filled and finalized by the seller and present to the buyer for residential sale properties. This extensive checklist outlines the status of each area of a house and premises requiring the reporting of any inherent defective quality.
Realtor Version
North Carolina Offer to Purchase and Contract – PDF