Do you need a residential property disclosure for new construction in NC?

47E requires residential property owners to complete this Disclosure Statement and provide it to the buyer prior to any offer to purchase. There are limited exemptions for completing the form, such as new home construction that has never been occupied.

Which disclosure is most commonly required in residential real estate?

The most commonly used form for such disclosures is the Transfer Disclosure Statement that the sellers will complete and sign.

Which of the following is a material fact that a seller must disclose in North Carolina?

Material Fact: Any fact that could affect a reasonable person's decision to buy, sell, or lease is considered a material fact and must be disclosed by a broker to the parties in the transaction and any interested third parties regardless of the broker's agency role within the transaction.

In which of the following transactions is a seller exempt from providing the residential property and owners association disclosure?

Transfers of property that are exempt under Civil Code 1102 include new home sales requiring a public report, transfers pursuant to court order such as probate sales, transfers by foreclosure including deeds in lieu of foreclosure, and transfers by a fiduciary in the course of the administration of a decedent's estate ...

Who is exempt from residential property disclosure in NC?

There are exemptions to the disclosure requirement, however, for transfers such as those that: carry out a court order, such as for administering an estate. are between spouses or direct blood relatives.

Get Form 2a12 T

OFFER TO PURCHASE AND CONTRACT , as Buyer, hereby offers to purchase and , as Seller, upon acceptance of said offer, agrees to sell and convey, all of that plot, piece or parcel of land described.

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