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.
Raleigh North Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
Category:
State:
North Carolina
City:
Raleigh
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
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.
Create a Title for Your Contract.Explain the Particulars.Describe the Transaction.List the Buyer's Responsibilities.List the Seller's Responsibilities.Include a Signing Section.Monitor Contract Performance.
If you're wondering whether you need a Realtor to buy a home, the short answer is no. You might be hesitating to work with one because you don't want to be saddled with Realtor fees, but typically, buyers don't pay a real estate agent's commission ? sellers do.
At its most basic, a purchase agreement should include the following: 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.
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.
In the end, selling a house without a real estate agent isn't worth it for most homeowners in North Carolina. Especially considering there are low commission real estate companies that offer professional assistance for a lower cost.
Write the contract in six steps Start with a contract template.Open with the basic information.Describe in detail what you have agreed to.Include a description of how the contract will be ended.Write into the contract which laws apply and how disputes will be resolved.Include space for signatures.
Clauses That go Into an Agreement to Sell Names of the buyer and seller, their age, and residential addresses. Date and place of execution of the agreement. Competence of parties to enter into the agreement. Rights and liabilities. Details and documents of how the seller came to own the property.
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.
In North Carolina any agreement to purchase or sell a home must be documented in writing; a verbal agreement is unenforceable. As with any legally-binding document, you should never sign a contract without an experienced lawyer reviewing it first.