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CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE (NO BROKER) For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Seller whether one or more, and, Buyer

How to fill out NC Contract for Sale and Purchase of Real Estate

How to fill out NC Contract for Sale and Purchase of Real Estate

1. Begin by entering the date at the top of the contract.
2. Identify the parties involved in the transaction, including buyers and sellers.
3. Enter the property details, including the address and legal description.
4. Specify the purchase price and payment details.
5. Outline any contingencies such as financing, inspections, and repairs.
6. Include the closing date and location of the transaction.
7. Review the sections on default and dispute resolution.
8. Both parties should sign and date the contract at the end.

Who needs NC Contract for Sale and Purchase of Real Estate?

1. Individuals looking to buy or sell real estate in North Carolina.
2. Real estate agents and brokers facilitating transactions.
3. Attorneys providing legal assistance in real estate deals.

This form is a Contract for the sale of real estate for use in North Carolina. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.

People Also Ask about

How do you fill out a contract to purchase?

Content of a purchase agreement The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser. Signatures of both parties.

What is an agreement to purchase and sale of real property North Carolina?

A North Carolina purchase agreement is a legal document used by a buyer to make an offer to acquire real estate. It will include the terms and conditions of the transaction including the closing date, due diligence period, earnest money deposit, and any contingencies regarding the sale.

How do you assign a purchase and sale agreement?

Step 1 – Come to a Non-Binding Agreement. The buyer (assignor) in the original purchase contract and the new buyer (assignee) will need to come to an agreement. Step 2 – Share the Purchase Contract. Step 3 – Create an Assignment. Step 4 – Attach and Close.

What is an offer to purchase document in NC?

An offer to purchase and contract NC is an agreement between two parties within the realm of realty in North Carolina. These contracts begin with an offer and become legally binding once the offer is accepted.

What is the difference between an offer to purchase and a purchase and sale agreement?

An offer is a written proposal to buy a property with conditions baked in. The buyer's agent helps to write it up and delivers it to the seller's agent. Purchase agreements are an actual agreement between the buyer and the seller also sometimes called a real estate contract.

What is a purchase agreement for the purchase of real property?

A real estate purchase agreement is a legally binding agreement that governs the purchase and sale of a property. Made between a buyer and seller, it defines the terms of the transaction and the conditions under which a sale will occur.

For pdfFiller’s FAQs

What is north carolina contract sale?

North Carolina contract sale refers to the legal process or agreement in which the ownership of a property is transferred from a seller to a buyer in the state of North Carolina. It typically involves the negotiation and execution of a contract between the parties involved, outlining the terms and conditions of the sale, including sale price, closing date, and contingencies. After signing the contract, both parties are legally bound to fulfill their obligations as stated in the agreement, leading to the eventual transfer of the property's title from the seller to the buyer.

Who is required to file north carolina contract sale?

The individual or entity who is selling or transferring real estate in North Carolina is required to file a contract for sale.

How to fill out north carolina contract sale?

Filling out a contract of sale in North Carolina involves the following steps: 1. Title: Begin by entering the title of the document as "Contract of Sale" at the top of the page. 2. Date: Enter the date the contract is being prepared. 3. Parties: Identify the parties involved in the sale. This typically includes the seller's full legal name, address, and contact information, followed by the buyer's full legal name, address, and contact information. Ensure the names are spelled correctly and all contact information is accurate. 4. Property Description: Provide a detailed description of the property being sold. Include the address, lot number, block number, and any other pertinent information that uniquely identifies the property. Attach additional documents such as surveys or legal descriptions, if necessary. 5. Purchase Price: Clearly state the agreed-upon purchase price for the property. Write the amount numerically and spell it out in words to avoid any confusion. 6. Earnest Money: If the buyer is providing earnest money as a deposit, specify the amount and how it will be paid (e.g., check, cash). Also, mention if the earnest money will be refundable or non-refundable. 7. Financing: Indicate if the purchase is contingent upon the buyer obtaining financing and include any relevant details, such as the type of loan, interest rate, and the deadline for securing financing. 8. Contingencies: If there are any additional contingencies, such as inspections, appraisals, or the sale of the buyer's current property, clearly state these conditions and the timeline in which they must be satisfied. 9. Closing: Specify the closing date and location where the final sale will take place. 10. Disclosures and Addendums: Include any required disclosure or addendum forms as per North Carolina state law. Examples include the Residential Property Disclosure Form and Lead-Based Paint Disclosure. 11. Signatures: Provide a space for both parties to sign and date the contract. It is advisable to have a witness present during the signing, but it may not be legally required. 12. Execution: Once all parties have signed, make copies of the contract for each party involved and retain the original for record-keeping purposes. Please note that it is advisable to consult an attorney or real estate professional familiar with North Carolina laws to ensure the contract is complete and legally binding.

What is the purpose of north carolina contract sale?

The purpose of a North Carolina contract sale is to establish a legally binding agreement between a buyer and a seller regarding the sale of goods, services, or property. It outlines the terms and conditions of the transaction, including the purchase price, payment terms, delivery or performance obligations, warranties, and other relevant provisions. The contract sale provides protection and clarity for both parties involved and helps prevent disputes or misunderstandings.

What information must be reported on north carolina contract sale?

In North Carolina, contracts of sale must include several important pieces of information. Some of the key information that must be reported includes: 1. Date: The date on which the contract of sale is entered into. 2. Parties: The names and addresses of both the buyer and the seller involved in the transaction. 3. Property description: A detailed description of the property being sold, including its address, legal description, and any other relevant details. 4. Purchase price: The agreed-upon purchase price for the property. 5. Earnest money: The amount of earnest money deposit, if any, provided by the buyer as a show of good faith. 6. Financing details: Information about the financing arrangements, if applicable. This includes the amount of any mortgage or loan, the terms of repayment, and any provisions regarding assumption or assignment of the financing. 7. Contingencies: Any contingencies or conditions that must be satisfied before the sale can be finalized, such as obtaining satisfactory inspections, financing approval, or clear title. 8. Closing and possession: The agreed-upon date for closing the sale, as well as details about possession and occupancy of the property. 9. Disclosure requirements: North Carolina has specific disclosure requirements, such as the Residential Property Disclosure Act, which mandates the disclosure of certain known defects or material facts about the property. 10. Signatures: The contract must be signed by both the buyer and the seller to indicate their agreement to the terms and conditions. Note: This is not an exhaustive list of all the information that must be reported on a North Carolina contract of sale. It is essential to consult with a real estate attorney or a trusted professional for accurate and comprehensive information regarding the specific requirements for a contract of sale in North Carolina.

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What is NC Contract for Sale and Purchase of Real Estate?

The NC Contract for Sale and Purchase of Real Estate is a legal document used in North Carolina to outline the terms and conditions under which a property will be sold, including details such as the sale price, buyer and seller information, and any contingencies.

Who is required to file NC Contract for Sale and Purchase of Real Estate?

Typically, both the buyer and seller involved in the real estate transaction are required to sign and file the NC Contract for Sale and Purchase of Real Estate when conducting a property sale.

How to fill out NC Contract for Sale and Purchase of Real Estate?

To fill out the NC Contract for Sale and Purchase of Real Estate, one should provide details such as the property description, purchase price, financing information, closing date, and any contingencies or conditions that must be met before the sale can be finalized. It is advisable to consult a real estate attorney or agent for guidance.

What is the purpose of NC Contract for Sale and Purchase of Real Estate?

The purpose of the NC Contract for Sale and Purchase of Real Estate is to provide a clear and legally binding agreement between the buyer and seller, outlining their respective rights, obligations, and expectations regarding the real estate transaction.

What information must be reported on NC Contract for Sale and Purchase of Real Estate?

The information that must be reported on the NC Contract for Sale and Purchase of Real Estate includes the names and contact information of the buyer and seller, property address and description, sale price, earnest money deposit, closing date, and any other terms or conditions pertinent to the sale.