Home > Business > Agreement Template > Offer to Purchase Real Estate Template > North Carolina Offer to Purchase Real Estate Form > North Carolina Offer To Purchase Real Estate Template

North Carolina Offer To Purchase Real Estate Form

At Speedy Template, You can download North Carolina Offer To Purchase Real Estate Form . There are a few ways to find the forms or templates you need. You can choose forms in your state, use search feature to find the related forms. At the end of each page, there is "Download" button for the forms you are looking form if the forms don't display properly on the page, the Word or Excel or PDF files should give you a better reivew of the page.

North Carolina Offer To Purchase Real Estate Form Page 3
North Carolina Offer To Purchase Real Estate Form
in the Property's title insurer's (or title insurer's agent's) file to Buyer and both Buyer's and Seller's agents and
attorneys.
11. LABOR AND MATERIAL: Seller shall furnish at Closing an affidavit and indemnification agreement in form
satisfactory to Buyer showing that all labor and materials, if any, furnished to the Property within 120 days prior to
the date of Closing have been paid for and agreeing to indemnify Buyer against all loss from any cause or claim
arising there from.
12. PROPERTY DISCLOSURE:
Buyer has received a signed copy of the N.C. Residential Property Disclosure Statement prior to the signing of
this Offer to Purchase and Contract.
Buyer has NOT received a signed copy of the N.C. Residential Property Disclosure Statement prior to the signing
of this Offer to Purchase and Contract and shall have the right to terminate or withdraw this contract without penalty
prior to WHICHEVER OF THE FOLLOWING EVENTS OCCURS FIRST: (1) the end of the third calendar day
following receipt of the Disclosure Statement; (2) the end of the third calendar day following the date the contract
was made; or (3) Closing or occupancy by the Buyer in the case of a sale or exchange.
Exempt from N.C. Residential Property Disclosure Statement because (SEE GUIDELINES)
___________________________________________________________________________________________.
The Property is residential and was built prior to 1978 (Attach Lead-Based Paint or Lead-Based Paint Hazards
Disclosure Addendum.)
13. PROPERTY INSPECTION, APPRAISAL, INVESTIGATION (Choose ONLY ONE of the following
Alternatives):
ALTERNATIVE 1:
(a) Property Inspection: Unless otherwise stated herein, Buyer shall have the option of inspecting, or obtaining at
Buyer’s expense inspections, to determine the condition of the Property. Unless otherwise stated herein, it is a
condition of this contract that: (i) the built-in appliances, electrical system, plumbing system, heating and cooling
systems, roof coverings (including flashing and gutters), doors and windows, exterior surfaces, structural
components (including foundations, columns, chimneys, floors, walls, ceilings and roofs), porches and decks,
fireplaces and flues, crawl space and attic ventilation systems (if any), water and sewer systems (public and private),
shall be performing the function for which intended and shall not be in need of immediate repair; (ii) there shall be
no unusual drainage conditions or evidence of excessive moisture adversely affecting the structure(s); and (iii) there
shall be no friable asbestos or existing environmental contamination. Any inspections shall be completed and written
notice of necessary repairs shall be given to Seller on or before ____________________________. Seller shall
provide written notice to Buyer of Seller’s response within _______ days of Buyer’s notice. Buyer is advised to
have any inspections made prior to incurring expenses for Closing and in sufficient time to permit any required
repairs to be completed by Closing.
(b) Wood-Destroying Insects: Unless otherwise stated herein, Buyer shall have the option of obtaining, at Buyer’s
expense, a report from a licensed pest control operator on a standard form in accordance with the regulations of the
North Carolina Structural Pest Control Committee, stating that as to all structures, except _____________________,
there was no visible evidence of wood-destroying insects and containing no indication of visible damage there from.
The report must be obtained in sufficient time so as to permit treatment, if any, and repairs, if any, to be completed
prior to Closing. All treatment required shall be paid for by Seller and completed prior to Closing, unless otherwise
agreed upon in writing by the parties. The Buyer is advised that the inspection report described in this paragraph
may not always reveal either structural damage or damage caused by agents or organisms other than wood-
destroying insects. If new construction, Seller shall provide a standard warranty of termite soil treatment.
(c) Repairs: Pursuant to any inspections in (a) and/or (b) above, if any repairs are necessary, Seller shall have the
option of completing them or refusing to complete them. If Seller elects not to complete the repairs, then Buyer shall
have the option of accepting the Property in its present condition or terminating this contract, in which case all
earnest monies shall be refunded. Unless otherwise stated herein, any items not covered by (a)(i), (a)(ii), (a)(iii) and
(b) above are excluded from repair negotiations under this contract.
(d) Radon Inspection: Buyer shall have the option, at Buyer's expense, to have the Property tested for radon on or
before the date for completion of inspections as set forth in paragraph 13 (a) above. The test result shall be deemed
satisfactory to Buyer if it indicates a radon level of less than 4.0 pico curies per liter of air (as of January 1, 1997,
EPA guidelines reflect an "acceptable" level as anything less than 4.0 pico curies per liter of air). If the test
result exceeds the above-mentioned level, Seller shall have the option of: a) remediating to bring radon level within
the satisfactory range; or b) refusing to remediate. Upon the completion of remediation, Buyer may have a radon test
performed at Seller's expense, and if the test result indicates a radon level less than 4.0 pico curies per liter of air, it
shall be deemed satisfactory to the Buyer. If Seller elects not to remediate, or if remediation is attempted but fails to
Page 3 of 5
STANDARD FORM 2-T
Buyer Initials ____ ____ Seller Initials ____ ____
North Carolina Offer To Purchase Real Estate Form