This form is a Contract for the sale of real estate for use in North Carolina. INCLUDES BUYER'S DUE DILIGENCE PROVISIONS. 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.
Charlotte North Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
Category:
State:
North Carolina
City:
Charlotte
Control #:
NC-00472
Format:
Word;
Rich Text
Instant download
Description
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How to fill out North Carolina Contract For Sale And Purchase Of Real Estate With No Broker For Residential Home Sale Agreement?
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FAQ
How do I write a Sales Agreement? Specify your location.Provide the buyer's and seller's information.Describe the goods and services.State the price and deposit details (if applicable)Outline payment details.Provide delivery terms.Include liability details.State if there's a warranty on the goods.
Here are the steps to write a letter of agreement: Title the document. Add the title at the top of the document.List your personal information.Include the date.Add the recipient's personal information.Address the recipient.Write an introduction paragraph.Write your body.Conclude the letter.
Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.
An agreement of sale is a legal document that outlines the terms of a real estate transaction. It lists the price and other details of the transaction, and is signed by the seller and the buyer. An agreement of sale is also known as the contract of purchase, contract for sale, contract agreement or sale agreement.
How to draft a purchase agreement Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.
North Carolina is a dual agency state, which means that the seller and the buyer can both have an agent if they chose. You don't have to use the agent who is listing the home.
As discussed above, a purchase agreement should contain buyer and seller information, a legal description of the property, closing dates, earnest money deposit amounts, contingencies and other important information for the sale.
The right to timely and complete monetary payments for all products and services; The right to exclusive ownership and use of a product, label, or material; The right to resell or transfer ownership rights (although this right may vary with each agreement based on the specific circumstances); and.
Unlike some states that allow title companies to facilitate home sales, residential property sales in North Carolina must be processed by a residential real estate attorney. In addition to the buyer, seller, and their attorneys, real estate agents and either an escrow or settlement agent may be involved in the closing.