The North Carolina purchase agreement designates a physical document to record all pertinent information encompassing the integral components of a real estate transaction. The form is customarily completed and extended from one party to another as an initial offer. The subsequent amended versions are negotiated and submitted until an offer is accepted and executed. The terms of the contract are outlined along with buyer/seller information, and specifics surround the closing of the purchase.
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.
North Carolina Offer to Purchase and Contract – Adobe PDF