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North carolina offer to purchase form 800 t 2025

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The document is an 'Offer to Purchase and Contract' for new construction of a single-family dwelling in North Carolina. It outlines the terms and conditions under which a buyer can purchase property from a licensed contractor who will construct the dwelling. Key elements include definitions of parties involved, purchase price details, earnest money deposits, construction obligations, buyer's rights to inspect, warranties provided by the seller, and conditions for financing and insurance. The contract emphasizes the importance of compliance with local laws and regulations during construction and provides mechanisms for addressing potential breaches or disputes.

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Click ‘Get Form’ to open the North Carolina Offer to Purchase Form 800 T in our editor.
Begin by filling in the 'Seller' and 'Buyer' sections. Enter the names and relevant details, including the NC contractor’s license number for the seller.
In the 'Real Estate' section, provide the street address, city, zip code, and county of the property. Ensure all legal descriptions are accurately completed.
Specify the 'Purchase Price' by entering amounts for initial and additional earnest money deposits. Choose payment methods such as cash or wire transfer.
Complete any applicable conditions during the 'Pre-Construction Evaluation Period', ensuring you check off any necessary loan conditions or reports required.
Review all sections thoroughly before saving your changes. Utilize our platform's features to sign electronically if needed.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are the average closing costs for a buyer in NC?

In North Carolina, the average closing costs are between 2% - 5% out of pocket for the buyer, while sellers closing costs average between 0.08% - 2% from of the sale price.

What is a standard form 2T in NC?

This form will express the terms of the purchase (purchase price, closing date, etc.) that you are proposing to the seller. The most common residential offer form in North Carolina is the Offer to Purchase and Contract (Form No. 2-T), jointly approved by the N.C. Bar Association and NC REALTORS.

How much due diligence money should I offer in NC?

The due diligence fee is a negotiable (by your realtor) and is typically between $500 and $2000, depending on the market competition and on the purchase price of the home. Just like the earnest money deposit discussed in our other blogs, a higher due diligence fee makes your offer more enticing to a seller.

Who is authorized to draft a North Carolina offer to purchase and contract?

In North Carolina, state law requires that you retain a licensed attorney to represent you during any real estate transaction. For a real estate purchase agreement, the attorney would begin by drafting an Offer to Purchase contract for the buyer.

What percent of sale to allow for closing costs in NC?

On average, closing costs are about 2.73% of a homes sale price in North Carolina. Dont forget about realtor fees, which will cost another 5.50% of your sale price on average, accounting for a large share of your expenses.

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Is it ever legal to say no to a buyers offer to purchase?

After all, arent the buyers giving the sellers exactly what their listing asked for? However, there are currently no U.S. laws that require this. Home sellers are free to reject or counter even a contingency-free, full-price offer, and arent bound to any terms until they sign a written real estate purchase agreement.