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  • Nc Short Sale Addendum Form 2a14t

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BACK-UP CONTRACT ADDENDUM NOTE: This Addendum should NOT be used in a short sale transaction. Use ONLY the Short Sale Addendum (form 2A14-T) Property: Seller: Buyer: This Addendum is attached to and.

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The due diligence period in North Carolina is a negotiation in the offer to purchase and contract a home. It is typically somewhere between two weeks and a month away from the date the contract is signed.

For example, the North Carolina “standard” residential sales contract (Form 2-T) allows for a delay period that extends for up to fourteen (14) days beyond the agreed settlement date without penalty to the delaying party, provided they are acting in good faith to close the transaction.

The term, “As Is,” means that a seller has decided in advance of soliciting offers that he or she will not make any repairs to the listed property. Disclosing this decision to prospective buyers puts them on notice that the seller will not make any repairs regardless of the results of inspections.

A closing date listed in a sales contract is legally binding. In most cases, if the buyer is not ready to close by that date, the seller can cancel the sale. Some alternatives to canceling the contract can benefit both the buyer and the seller. Extension: The seller can offer an extension of time to the buyer.

Buyers can withdraw their earnest money at any time. It's usually between 1% and 3% of sale price and held in escrow until the deal is closed. The actual amount depends on your market.

The Back-Up Contract Addendum (Form 2A1-T) provides that the buyer can terminate any time prior to the buyer's receiving Notice of Primary Status.

All parties necessary to the closing must attend. This is usually the buyer, seller, their respective spouses, real estate agents, and of course the attorney. If you are unsure of who you need to have with you, give us a call.

The Addendum for "Back-Up" Contract (TXR 1909, TREC 11-7) explains how and when important actions take place. Buyers must pay the earnest money and any option fee within three days after the backup contract's effective date, just like a primary contract.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232