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The Residential Purchase Agreement (form RPA): This is the actual offer form. In this form we will write your offer price, down payment, financing terms, length of escrow, buyer and seller costs, contingency period, offer expiration date, and many other terms of the offer.
Virtually every sale of a home will have a real estate purchase agreement, which is a contract between the seller and buyer confirming the purchase price, closing date, contingencies, the rights and obligations of the parties, and other terms. Important Documents in Real Estate Transactions in California - eskridgelaw.net ? important-documents-in-r... eskridgelaw.net ? important-documents-in-r...
The most common residential offer form in North Carolina is the ?Offer to Purchase and Contract? (Form No. 2-T), jointly approved by the N.C. Bar Association and NC REALTORS®. Many standard ?addenda? forms also are available to add provisions of special importance to the parties.
A: To be enforceable, real estate sales contracts in North Carolina must be in writing. Since only written offers may become binding contracts, your offer should be in writing and signed.
In North Carolina a typical offer to purchase will require both a due diligence payment made direct to the seller and an earnest money deposit to be held in a trust account. Show the seller you are well prepared for the purchase and that you have funds at the ready.
Your offer should include: The name of the seller. The address of the property. The names of anyone who will be on the title, including yourself. The purchase price you're offering and down payment. The earnest money deposit. Any contingencies you'd like to include. Any concessions you're requesting from the seller.