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North Carolina Residential Purchase Agreement

A North Carolina residential purchase agreement is a legal document used by a buyer to make an offer to acquire real estate. It will include the terms and conditions of the transaction including the closing date, due diligence period, earnest money deposit, and any contingencies regarding the sale.
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Required Disclosures (3)

Lead-Based Paint Disclosure – The sellers of all buildings made prior to 1978 must provide purchasers with a written statement disclosing their knowledge regarding the use of toxic lead-based paint in the building.

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Property Disclosure Statement – Sellers are required to provide potential buyers with a standardized statement that details the material condition of the property, including the water supply, sewage disposal, heating, and plumbing.[1]

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Mineral, Oil, and Gas Rights Disclosure – The owner of the real property must provide the purchaser with a mineral and oil and gas rights disclosure statement. This requirement applies to transfers of residential real property consisting of not less than one or more than four dwelling units.[2]

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