North Carolina Real Estate Purchase Agreement Template

North Carolina rules built into this template

• North Carolina disclosures: The seller must give the buyer the Residential Property and Owners' Association Disclosure Statement and the Mineral and Oil and Gas Rights Mandatory Disclosure Statement no later than when the buyer makes an offer. If they are not delivered by then, the buyer may cancel the contract without penalty by written notice delivered within three (3) calendar days after receiving them or after the date of the contract, whichever comes first, and before closing or occupancy (N.C. Gen. Stat. ch. 47E).
• Lead-based paint: for a home built before 1978, the seller must give the federal lead disclosure and pamphlet, and the buyer gets a 10-day opportunity to inspect unless waived (42 U.S.C. § 4852d).

What the Real Estate Purchase Agreement includes

1. Property
2. Purchase Price
3. Earnest Money
4. Financing
5. Inspection Period
6. Title
7. Closing and Possession
8. Condition of Property
9. Risk of Loss
10. Seller Disclosures
11. Default
12. State Law and Disclosures
13. General Provisions
14. Governing Law

Frequently asked questions

What disclosures does a home seller have to make in North Carolina?

The seller must give the buyer the Residential Property and Owners' Association Disclosure Statement and the Mineral and Oil and Gas Rights Mandatory Disclosure Statement no later than when the buyer makes an offer. If they are not delivered by then, the buyer may cancel the contract without penalty by written notice delivered within three (3) calendar days after receiving them or after the date of the contract, whichever comes first, and before closing or occupancy (N.C. Gen. Stat. ch. 47E).

Do I need a lawyer or agent to sell a house by owner?

Not always, but a title company, escrow agent, or closing attorney usually handles the closing and holds the earnest money, and some states customarily use attorneys for closings. The Standard agreement assumes a closing agent holds the deposit.

What is the difference between the Standard and Professional Real Estate Purchase Agreement?

The Standard edition is a complete, state-aware Real Estate Purchase Agreement for common situations. The Professional edition adds longer clause coverage, schedules, and optional modules for more complex matters. You can preview either edition free before you pay.

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