Writing the Offer to Purchase and Contract in North Carolina

Now that we’ve found the perfect place, what is next? Writing an Offer To Purchase and Contract is next. This is a form written by teams of lawyers with input from the North Carolina Association of Realtors to contract the purchase of real estate in the State of North Carolina. It provides a template for real estate agents to use with fill in the blank areas to help write a legally binding document. In the body of this contract many things are covered including: legal descriptions of the property to be purchased, personal property to be included, purchase price, financing contingencies, home inspection contingencies and buyer and seller obligations. It is the job of your agent to insure that this contract is filled out accurately to help protect your interests in the purchase of real estate. Many mistakes can and have been made in the executing of this contract leading to many disgruntled buyer and seller, with a large number of disputes having to be settled by a court of law. Please, please, please make sure that you understand every single word and the implications of the words before signing this document. Your agent should go over this contract with you line by line to insure your understanding of the document.

Other North Carolina Real Estate Contracts

Some other documents you may have already signed or will be signing could include: NC Exclusive Right to Represent Buyer, NC Dual Agency Addendum, NC Additional Provisions Addendum, NC Residential Property Disclosure, NC Lead-Based Paint Disclosure. As with the Offer to Purchase, please make sure you fully understand everything contained in these contracts before signing.