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We’re the people you want at your side. Friends at heart. Professionals in practice and mind. We train our agents to be the best. Then we back them up with a world-class team.
Every agent of ours must meet a certain experience level and criteria to join us.
Charlotte. The Queen City. Our first love. Our home.
2330 Randolph Road Charlotte, NC 28207
dickensmitchener.com 704.342.1000

As agents, we know this city’s neighborhoods like our closest circle of friends. We tend to this relationship as much as we do our connections to you. Place matters. Knowledge counts.
Agents who help more people end up better at their jobs. It’s like going to the gym — the more you go, the better your results. This is why we only have full-time, fully committed agents. We train them constantly on the changing market, new tech, negotiation strategies and people skills.
We get to work with top-of-the-line agents. You get what you want, wrapped in the best possible experience.

• Jenny grew up in Mooresville, North Carolina prior to attending Davidson College where she was the recipient of the first athletic scholarship offered to a female at Davidson.
• Her professional career began in International Banking where she developed sharp negotiating skills and attention to detail. Her love of architecture and design inspired her to get her real estate license in 2004.
704-773-0299
jeastman@dickensmitchener.com
Milestones & Memberships
• Canopy Multiple Listing Services
• Canopy REALTOR® Association
• Accredited Buyer’s Representative (ABR®)
• Certified Negotiation Expert (CNE)
• Grievance Committee Member, Canopy Realtor Association (2021-2023)
• National Association of REALTORS®
• North Carolina Association of REALTORS®
• South Carolina Association of REALTORS®
• Dickens Mitchener Top Producer
• Ambassadors Circle 2019, 2020, 2024
• Executives Circle 2021-2023
• A current resident of the SouthPark neighborhood of Pellyn Grove with her husband and daughters.
• When not selling real estate, Jenny enjoys spending time with family, practicing yoga, traveling, and walking her Australian Shepherds, Jack and Vawn.
• Habitat for Humanity Volunteer
• Myers Park High School Outreach Committee
• Member at Olde Providence Swim & Racquet Club































$862,141,337











Consultation
During our COMPLIMENTARY CONSULTATION we will tour your home and go over what needs to be done to prepare it to sell. I will share the comps in your area with a comparative market analysis(CMA), and discuss strategic pricing and my marketing strategy that will sell your home for top dollar quickly.
Marketing Strategies
Our MARKETING will go above & beyond putting a sign in the yard and placing it in the MLS. We take pride in our custom marketing strategies. Your home will be showcased on social media, email, video & print marketing. We want to meet every possible buyer wherever they might be looking.
The goal of STAGING is having a trained eye come into your home and look at it as a buyer would. My ability to stage for the market will get your home show ready. We look at staging like we are creating a neutral palette, so that all buyers can envision themselves living there.
A PRE-INSPECTION will be done so that the buyers will have confidence to make an offer on the home.
Photography & Videography
Many times a buyer has already decided if they are interested in your home just from the pictures online, without ever stepping foot inside. Our PHOTOGRAPHY partners are the best at coming into your home and capturing it at its absolute best. Now, the pre-marketing can begin.
Coming Soon & Firm Exclusive
If applicable, we can list your home as “COMING SOON” in MLS. This will give buyers a sneak peek into your home before it is officially ready to show.
FIRM EXCLUSIVE is another option for the most discerning clients. Your home will be marketed within our firm to all of our brokers.
Now that we have completed all the steps to prepare your home for market, it’s time to go LIVE . Our marketing plan will also go live and your home will be presented to thousands across our market as well as the world with our Leading Real Estate Companies of the World® global network.
Showings / Open House
Keeping your home show ready is the key to being sold quickly. I will share tips with you to keep the guess work out of making sure you are ready for all SHOWINGS. Keeping a clean, shiny, and clutter-free home will ensure buyers only see the best things about your home.
I will be your guide in looking through all presented OFFERS. There are many things to consider and price is just one of them. I will help you decide which one best accommodates your needs and timeline.
One of the top reasons to hire a licensed broker is for the next step: NEGOTIATING. I am aware of market trends in our area and can help negotiate the best offer for your home based on the current market and your needs.
Once the offer is accepted it is time for INSPECTIONS. These will take place within the first 2-10 days after an offer is accepted, or during the due diligence period. The buyer will pay an inspector to look through the entire property and list all things the home could need. Big and small things will be on the list. The report will be sent to the buyers for review with their agent. Buyers may or may not try to negotiate items for repair on the list. Once all parties have an agreement, we move on to the next step: APPRAISAL.
If the buyer is utilizing a loan, then an APPRAISAL will be ordered by the loan officer. These are often chosen at random from a pool of appraisers. The goal is to have the appraisal come in at or above the purchase price of the contract so the mortgage lender will approve the loan. It is important the home be in tip top shape at the time of the appraisal.
The TITLE company will make sure the home title is clean for the closing. This means they will look over all paperwork to be sure there are no liens on the property, no extra names on the title, and prepare for closing. They will work with the lender to ensure everything is ready for closing day.
You will want to schedule the transfer and/or shut off all UTILITIES for closing day or the day after. This should be set-up at least 2 weeks prior to closing.
The buyers will do their FINAL WALK-THROUGH up to 4 days prior to closing. This is to make sure all negotiated items have been completed, that the home is clean, and all is as it should be.
Congratulations, you have made it to closing day! CLOSING is when the necessary paperwork to complete the transaction is signed. The papers are signed at the real estate attorney’s office and the title is transferred from the seller to the buyer. Once funded, the buyer receives the keys, and the seller receives payment for the home.
JENNY EASTMAN | RELTOR®/BROKER | ABR, CNE

When you hire me as your Listing Agent, I commit to completing the following tasks in order to attract a qualified buyer, agreeable offer and guide you to the closing table. I will work to represent your best interests in the following manner.
• Pre-Listing Preparation
• Complete Paperwork and Set Pricing
• Professional Home Measuring
• Professional Photography/Virtual Tour
• ShowingTime Showing Service
• You're Online & On the Market
• Dickens Mitchener Website
• Physical Brochures
• Digital Brochures
• Table QR Code
• Just Listed Postcard
• Just Listed Email Blast
• Social Media Posts
• REALTOR® Preview & Tour
• REALTOR® Event
• Public Open House
• Bi-Weekly Written Marketing Report
• Offer Submitted & Negotiated
• Multiple Offer Situation Strategy
• Review of Contract
• Negotiate Repairs or As-Is
• Review Closing Disclosure & Settlement Statement
• Attend Closing
Below is a more detailed explanation of the diligence and care that goes into each task above:
Pre-Listing: Based on market conditions and your goal in selling, assist in gathering estimates for work to be done to prepare your home for the market: includes coordinating major/minor repairs, yard clean up, fresh mulch, pressure washing exterior home, driveway, walkways; paint/touch ups exterior & interior; de-clutter and organize; staging; cleaning service.
Complete Paperwork & Set Pricing: Pricing your home is the single most important piece of the puzzle. The market (recent comparable sales) and condition of your home will determine the most probable sales price.
Professional Home Measuring: Your home will be professionally measured for accurate square footage and floor plan diagram to be included in marketing brochures.
Professional Photography: Your home will be photographed by a professional photographer, enabling us to showcase your magazine-ready home online and in print.
Showingtime Showing Service & Supra Lock Box: All showing appointments are scheduled through Showingtime and you will be asked to confirm the appointment (if home is occupied) or simply notified of the showing time (if home is vacant). Your key will be in a Supra Lock Box enabling Realtors® access to your home after an appointment is scheduled.
You’re Online & On the Market: Submit property to Canopy Multiple Listing Service (CMLS). You can find your home on syndicated websites such as to the Zillow Group (Zillow, Trulia, Homes.com, Realtor.com and many others.
Dickens Mitchener Website: dickensmitchener.com
Physical Brochures: Created to showcase your home and provide detailed property information in a hard copy left inside the home. Buyers will have a take-away which helps them remember your home after a long day of showings. This will help yours stand out. (Includes photo pages, all property disclosures, floor plan, list of features, etc).
Digital Brochures: We create a digital brochure which includes everything in the physical brochure, in an easy to share format.
Leading Real Estate Companies of the World: Dickens Mitchener has been a member of the LREC since 1996. This prestigious and exclusive network of top independent brokerages in the United States and in over 60 countries is a platform that enables us to promote and market your home literally around the world.
Just Listed Postcards: Mailed to the nearest 200 homes surrounding the property.
Just Listed Email Blast: Email announcing the new listing to over 15,000 Realtors in the greater Charlotte Metro area.
Realtor Preview & Tour: your home will be added to our office tour. This is typically on a Thursday morning the week of going on the market.
Realtor Event: Open house for area Realtors to preview the home for their buyers. This event will be either a Morning Coffee or Luncheon.
Social Media Posts: Dickens Mitchener Instagram, Facebook, and LinkedIn. Advertising is also posted to my personal Instagram and Facebook social media pages.
Public Open Houses: Open Houses will be held during the listing period coordinated with your schedule and advertised on all social media accounts as well as Canopy MLS.
Marketing Report: Bi-Weekly written marketing reports.
An Offer Has Been Submitted: Advise you in negotiation terms that are in your best interest when an offer is presented, requiring buyer to submit either a mortgage pre-approval letter from their lender or proof of funds if a cash deal.
Multiple Offers: If multiple offers are received, I will assist you in reviewing them in detail, creating a worksheet that shows comparison of offers and your net proceeds. This makes it easier to select the best offer.
Review of Contract: Review the Offer to Purchase & Contract with you extensively before accepting and signing the contract.
Negotiate Repairs: After buyer has completed inspections, they may request repairs. I will guide you through those negotiations and can coordinate estimates & repairs to be done if necessary. Or you may choose to sell the home asis.
Review Closing Disclosure & Settlement Statement: Review all closing documents with you prior to the closing date.
Attend Closing: You have reached the final step. Keys may be transferred to the buyer after the deed has been recorded in their name. Congratulations! You have just completed the sale of your home.
Digital announcements are created and sent to thousands of agents in the Charlotte area about new listings, Broker Tours, price reductions, etc. Additionally, monthly newsletters are sent out each month to approximately 20,000 DM contacts & over 100 agents’ contact lists.

Your home will be listed in the Canopy Multiple Listing Service (CMLS). This is the best source for selling your home since every licensed broker can access this information and the data will syndicate to public websites.
MARKETING BROCHURE CANOPY MLS VIRTUAL TOURS
Our digital & print brochures are prepared specifically for your home and will include photos, noteworthy features, a square footage diagram, MLS sheet, disclosures, and other information a buyer would need to make a buying decision for your home. The digital brochure is uploaded to your listing page on dickensmitchener.com as well as included in MLS and ShowingTime.
FOR SALE SIGNS
We will place a Dickens Mitchener For Sale sign on your property. We can also place listing flyers in an Info Box in your yard.
Virtual tour & professional photos can be taken of your home. This tour will be added to MLS and the photos will be utilized in all marketing efforts.




These may be held at any time on an “as needed” basis. Once an Open House is scheduled, it will be entered into MLS and will appear on the DM website, as well as all MLS feeds on other large search sites. DM features all Open Houses on social media accounts every Friday for the upcoming weekend.

Our marketing department will create custom marketing materials for your listing. Custom pieces are designed in house and will be mailed to specific lists that cater to our marketing plan/schedule.


Broker events may be held to introduce your home to other local agents in the Charlotte area and around your home. We have a database comprised of thousands of Charlotte agents that we can select from to invite to your home. Once scheduled, this event will go into our company calendar.

When you visit dickensmitchener.com you get immediate access to more than 14,000 resale listings through the Canopy Multiple Listing Service, as well as an up-to-the minute database of new listings, coming soon listings, new construction listings, and open houses. It also features virtual tour videos of Dickens Mitchener listings.






Follow us for community updates, giveaways, featured listings & more!
Our marketing team uses a cohesive strategy to promote Dickens Mitchener listings, agents, and culture across multiple social media platforms. On our pages, you’ll find home walkthroughs, market updates, real estate trends, the latest happenings in Charlotte, and more.
As one of the most prominent voices in Charlotte real estate on social media, Dickens Mitchener has built a strong online presence with over 10k followers on Instagram and an average of over 80k monthly views on Facebook. We also stay connected to our dedicated audience on TikTok, YouTube, and LinkedIn. Follow us to stay in the know about Dickens Mitchener, Charlotte, and the ever-evolving real estate market.








As an affiliate of Leading Real Estate Companies of the World,® we have access to the highest caliber of real estate professionals in over 70 countries and across six continents. When buying or selling property outside of our local market, our world-class connections can help with real estate needs throughout our continent and to points around the globe. Let us introduce you to a carefully selected sales associate that will provide you with extraordinary service — anywhere your real estate needs take you. Our global network is comprised of the very best real estate companies and the most talented professionals in the world.
550 companies 4,800 offices 135,000 sales associates
70+ countries


Our invitation-only network was responsible for $272 billion in annual home sales volume among the top 500 U.S. real estate firms in 2024.
U.S. HOME SALES VOLUME AMONG THE TOP 500 U.S.

Our advertising relationships with media outlets like The Wall Street Journal, Juwai, the leading overseas real estate media property website in mainland China, and our own magazine, which is distributed in 70 countries and mailed directly to an extremely exclusive list of our agents’ hand-selected top clients, provide a powerful and unmatched mix of promotion for your property.
We also enable our agents to utilize sophisticated digital advertising tools, including email marketing opportunities that target other agents around the world to share significant listings, and banner ad technology that strategically reaches luxury homebuyers browsing online.









Every year, affluent consumers visit our website, luxuryportfolio.com, to browse in a setting dedicated solely to significant properties and a discerning lifestyle. These are high-net-worth buyers, not dreamers.
Globally, they have liquid assets of $10.3 million and 69% own a second home. In the U.S. alone, luxuryportfolio.com curates more properties priced over $1 million than any other luxury property network.
Globally, we market approximately 50,000 properties annually. Our proprietary LuxeAnalytics application gives you a real-time view into where your property is reaching potential buyers.
















A property such as yours requires a tailored and strategic approach to pricing, marketing and negotiation. Luxury Portfolio International® members represent a level of expertise which gives you the confidence that comes from working with the very best.
We work with our members by tracking the latest trends in real estate, design, travel and lifestyle to help us understand how to best position a property and effectively reach today’s affluent consumer. A sound marketing plan requires knowing your buyer, and we know them better than anybody.





























THERE’S STRENGTH IN NUMBERS. Never has that been truer than when coming together in the real estate community to combat homelessness.
THE HOMEOWNERS IMPACT FUND, a designated 501(c)3 nonprofit, invites participants who are in the home closing process to make a small donation that adds up to a substantial gift to local organizations working to lift men, women and children out of homelessness. Because when you harness the power of community, you can weather any storm.

If you’re fortunate enough to have a roof over your head, please consider supporting the Homeowners Impact Fund to help others in need. Funds raised are distributed directly to reputable nonprofit organizations that support individuals and families in finding a path out of homelessness.
Every day, you experience the joy of a place to call home. Every day, more than 3,000 people in the Charlotte area experience homelessness. Every day, more than 580,000 people across the US experience homelessness. Together, we can make a difference.
Become a supporter by following this link: homeowersimpactfund.org/donate For more information, email info@homeowersimpactfund.org



























Love it. Forms
Report Period Begin Date:
Report Period End Date:
Seller Name:
Subject Address (Street, City, State, Zip Code):
Agent/Contact Information
Listing Agent Name: Jenny Eastman
Listing Firm: Dickens Mitchener Cell: 704-773-0299 Office: 704-342-1000
Email: jeastman@dickensmitchener.com

Listing Details
Original List Date:
Listing Expiration Date: Original List Price: $ Current List Price: $ Date of Last Price Reduction: Realtor.com URL
Date agent last communicated with owner about recommendations:
Subject’s Price Range:
How far away are these homes?
Number of competing listings in the above referenced price range
Average number of closings per month in last 6 months (in the same referenced price range)
Total closings in last 6 months
Absorption Rate
Avg. number of closings:
Total number of closings:
This is the number of months it will take to sell the existing homes in this price range. / = # of competing / Avg # sales = Absorption Rate listings per month (from above)
Suggested Repairs & Improvements:
Have any repairs or improvements been made since the last report?
No more than $100,000 range for homes less than $300,000. No more than $200,000 range for homes $300,000-$500,000.
If the town is rural, include the general marketing area which includes surrounding towns. If a city, include listings in the same zip code.
The average closings per month multiplied by 6 should match the Total # of Sales Closed in last 6 months
The number of competing listings divided by Avg. number of sales per month = Absorption Rate
Example: 12 listings/2 Sales Per month = 6 month absorption rate

Marketing Obstacles: List of specific issues that will affect the marketing & sale of the home and include local economic changes (layoffs, new business, new construction, etc.)
Address, City
Proximity to Subject N/A
Original List
Current List
Days on Market (from original list date)
Style Age
Car Storage Lot Size
View
Gross Living Area (Sq. Ft.) Room
Basement Area/ %Finished / /
/ Deck/Patio Pool/Spa
Type Heating/ Cooling /
/ Location Notes
Condition/ Upgrades Concessions
Description of how the home differs from the subject including upgrades and Remodeling. Listing #1 Comments
How does the competing listing differ from the subject?
Listing #2 Comments
How does the competing listing differ from the subject?
Listing #3 Comments
How does the competing listing differ from the subject?
Which competing listing is most similar to the subject?
Address, City
Proximity to Subject N/A Original List
Last Price Change Date
Sales Price N/A
Days on Market (from original list date)
Closing Date Style Age Car Storage Lot Size View
Gross Living Area (Sq. Ft.)
Room Count
Basement Area/ %Finished
Deck/Patio Pool/Spa
Type Heating/ Cooling
Location Notes
Condition/ Upgrades Concessions

Description of how the home differs from the subject including upgrades and remodeling. Is the home in the same neighborhood as the subject property.
Comparable Sale #1 Comments
How does the comparable sale differ from the subject?
Comparable Sale #2 Comments
How does the comparable sale differ from the subject?
Comparable Sale #3 Comments
How does the comparable sale differ from the subject?
Which comparable sale is most similar to the subject?
Total Number of Showings since the last report:
Total number of showings since the home was listed:
List of feedback from showings since the last report either negative or positive: Showing Date Buyer/Agent feedback

List of consistent positive or negative feedback over the length of the listing period here:
Marketing/Promotion Activities
Included specific details & dates for internet websites, Open Houses, Broker Tours & all print advertising advertising Date Activity Comments
Agent Tour with our office
Broker Tour with other real estate companies
Open House dates
Promotional handouts (Brochures, MLS Sheet, Flyers etc.)
Newspaper & other print publications
Website Advertising
Other
Recommended list price to sell within 120 days: $
Recommended incentives:
How many attended: Comments from agents:
How many attended: Comments from agents:
How many attended: Comments from buyers:
Which publications:
Most probable sales price: $
General Comments: Specific details about why a reduction should be made at this time, if applicable.
What, if any, are the specific challenges we face with this property?
Description of the current market conditions?
What specific buyer demographics are we focusing on?
Page 4 of 4
Thisformisrequiredforuseinallsalestransactions,includingresidentialandcommercial.

Thisformis notacontract.Signingthisdisclosureonlymeansyouhavereceivedit.
●Inarealestatesalestransaction,itisimportantthatyouunderstandwhetheranagentrepresentsyou.
●Realestateagentsarerequiredto(1)reviewthisformwithyouatfirstsubstantialcontact-beforeaskingforor receivingyourconfidentialinformationand(2)giveyouacopyoftheformafteryousignit.Thisisforyourown protection.
●Do notshareanyconfidentialinformationwitharealestateagentorassumethattheagentisactingonyour behalfuntilyouhaveenteredintoawrittenagreementwiththeagenttorepresentyou.Otherwise,theagentcan shareyourconfidentialinformationwithothers.
NotetoAgent: Checkallrelationshiptypesbelowthatmayapplytothisseller.
Seller'sAgency (listingagent):Theagentwhogaveyouthisform(andtheagent'sfirm)mustenterintoa writtenlistingagreementwithyoubeforetheybegintomarketyourpropertyforsale.Ifyousignthelistingagreement, thelistingfirmanditsagentswouldthenrepresentyou.Thebuyerwouldeitherberepresentedbyanagentaffiliated withadifferentrealestatefirmorbeunrepresented.
DualAgency: Dualagencywilloccurifyourlistingfirmhasabuyer-clientwhowantstopurchaseyour property.Ifyouagreeinawrittenagencyagreement,therealestatefirm, andanyagentwiththesamefirm(company), wouldbepermittedtorepresentyou andthebuyeratthesametime.Adualagent'sloyaltywouldbedividedbetween youandthebuyer,butthefirmanditsagentsmusttreatyouandthebuyerfairlyandequallyandcannothelpyougain anadvantageovertheotherparty.
DesignatedDualAgency: Ifyouagreeinawrittenagencyagreement,therealestate firmwouldrepresent bothyouandthebuyer,butthefirmwoulddesignateoneagenttorepresentyouandadifferentagenttorepresentthe buyer.Eachdesignatedagentwouldbeloyalonlytotheirclient.
BuyerAgentWorkingwithanUnrepresentedSeller (ForSaleByOwner,“FSBO”):Theagentwhogave youthisformwill notberepresentingyouandhasnoloyaltytoyou.Theagentwillrepresentonlythebuyer.Donot shareanyconfidentialinformationwiththisagent.
NotetoSeller: Formoreinformationonanagent'sdutiesandservices,refertotheNCRealEstateCommission's“Questions andAnswerson:WorkingWithRealEstateAgents”brochureatncrec.gov(Publications,Q&ABrochures)oraskanagentfora copyofit.
Seller'sSignatureSeller'sSignatureDate Agent'sNameAgent'sLicenseNo.FirmName
REC.4.27●1/1/2022








SAMPLE

ThisComingSoon-NoShowstatussellerauthorizationformherebymodifiestheexclusivelisting agreementbetweentheseller(s)andthelistingbrokerageandauthorizesthelistingbrokerageto beginmarketingthepropertyasComingSoon-NoShowforamaximumof21daysasdescribedbelow.
ComingSoon-NoShowstatusindicatesthatthelistingbrokerageandthesellerarepreparingthe propertyforsalebeforemarketinginActivestatus.Theremustbeavalidlistingagreementbetween thesellerandthelistingbrokerage.ListingsinComingSoon-NoShowstatusmusthaveseller approval,whichmaybeobtainedusingthisform.ThelistingdoesnotbeginaccruingDaysonMarket (DOM)untilitmovestoActivestatus.
ComingSoon-NoShowstatusisnotintendedtogivethelistingbrokerageanadvantageinfindinga buyerforthepropertytothedetrimentofcooperatingbrokers,norisitintendedtocircumventthe saleofthepropertyonanopenmarket.
ComingSoon-NoShowstatusprovidesamethodforlistingagentstonotifyothercooperatingbrokers andthepublicofpropertiesthatwillbemadefullyavailableforshowingafterpreparationshavebeen completed.PropertiesinComingSoon-NoShowstatusMAYNOTBESHOWN.Anyshowingofa propertyinComingSoon-NoShowstatusdisqualifiesthepropertyfromthatstatus,andthelisting agentiscitedforaCategoryIVviolationoftheCanopyMLSRulesandRegulations(firstviolation= $1,000,secondviolation=$3,000,thirdviolation=expulsionfromCanopyMLS).
ComingSoon-NoShowstatuscanbeusedaslongasthepropertyhasnotbeenshown.
1. MarketingandActivedates:
CanopyMLSRulesandRegulationsrequireresidentiallistingsforsale(excludingnewconstruction thatis“proposed”or“underconstruction”)tobesubmittedtothelistingserviceanddisseminated toitsparticipantswithinone(1)businessdayofthe“MarketingDate”inNorthCarolinaorthe beginningofthetermofthelistingforSouthCarolina,orwithinone(1)businessdayofmarketing thelistingtothepublic,whicheveroccursfirst.
●ForNorthCarolina,tomarketthelistingas“ComingSoon-NoShow”enterthedatespecified undertheComingSooncheckboxoptiononthelistingagreement.
●ForSouthCarolinalistings,theActiveDateenteredonthisformbelowisthedatewhenthelisting willautomaticallytransitionfromComingSoon-NoShowstatustoActivestatus.
ActiveDate
2. ApropertyinComingSoon-NoShowstatusMAYNOTBESHOWNbyanyone,includingbutnot limitedtotheselleroranybroker!NoshowingsofthepropertymayoccuruntilthelistingisinActive statusintheMLS.AppointmentscanbescheduledinadvancewithShowingTimeforwhenthelisting changestoActivestatus.ClickhereformoreimportantinformationaboutusingComingSoon-NoShow status.(https://support.canopymls.com/kb/article/87-coming-soon-no-show/)
Seller(s)initialsSeller(s)initials
3. Itisinthebestinterestofmostsellerstogetthehighestpossiblepriceonthebesttermsfortheir property,andmaximizingexposureoftheirpropertyadvancesthatinterest.Acceptinganofferonthe propertybeforeitisfullyexposedtothewidestgroupofpotentialbuyersmaydenythesellerthebest opportunitytoattractoffersatthehighestpriceandbestterms.
Seller(s)initialsSeller(s)initials
4. OncethelistingtransitionsfromComingSoon-NoShowstatustoActivestatus, itcannotrevert backtoComingSoon-NoShowstatus.Alistingbrokermaynotre-listapropertyinComingSoon-No ShowstatusunlessthelistinghasbeeninExpiredorWithdrawnstatusformorethan90days,the propertyislistedwithanewbrokeragefirm,orthepropertyhasbeensoldorrented.
Seller(s)initialsSeller(s)initials
5. WhilethepropertyisinComingSoon-NoShowstatusthesellerandthelistingbrokershallonly promoteoradvertisethepropertyas“comingsoon.”
Seller(s)initialsSeller(s)initials
6. IfthepropertyisnotreadyforshowingsuponreachingtheActiveDate,itcanbeplacedon TemporarilyOffMarketstatus,underwhichtherearenopropertyshowingsoropenhouses,andthe listingwillnotbemarketedonmostbrokerageandthird-partysyndicationwebsites,althoughsign removalisnotrequired.Alternatively,youcanallowittochangetoActivestatus,indicate “noshowingsuntilxxdate”inthePublicRemarks,andimposeashowingblockinShowingTime.Be careful,though.Ifthesellerorlistingagentallowsevenoneshowing,itcouldbeconstruedas misrepresentingtheavailabilityofthepropertyforshowing,whichisaviolationoftheCanopyMLS RulesandRegulationsandtheRealtor®CodeofEthics.
Seller(s)initialsSeller(s)initials
7.ToavoidaviolationoftheComingSoon-NoShowrulesandcomplywiththeMLSrulestatingthat agentsshouldnotmisrepresenttheavailabilityofapropertytobeshownorinspected,thelisting shouldbeinActivestatusonthedayofanestate/garagesaleorauctionduetothepotentialfora prospectivebuyertoseethepropertyinperson.If,aftertheestate/garagesale/auction,theproperty needsmoreworktobereadyforActivestatusandshowings,theListingBrokeragecan,withtheseller's writtendirection,changethestatustoTemporarilyoffMarket.IfthelistingwillbeinActivestatus temporarilyduringtheestate/garagesale/auction,CanopyMLSsuggestsaddinganexplanationinthe AgentRemarksofthelisting.
Seller(s)initialsSeller(s)initials
NOTE: Onlyusethisformtocreateanagreementforcooperatingcompensationifasellerisrepresentedbyalicensedrealestate broker.UseForm150insteadofthisformifyouarecreatingacompensationagreementwithanunrepresentedseller. DONOT UPLOADTHISFORMTOTHEMLS.
“Seller”: “Buyer”: “Property”:
1. FEE:(CheckOnlyOne) Selleror ListingFirmagreestopaySellingFirmcooperatingcompensationasfollows(the “Fee”),subjecttothetermsofthisagreement:
%ofthegrosssalesprice; Aflatfeeof$;or, Other:
2. PAYMENTOFTHEFEE:
a.TheFeewillbeearnedbySellingFirmuponbothBuyerandSellersigningawrittencontractforthesaleoftheProperty (the“Contract”)duringthetermofthisagreement.TheFeewillbedueandpayabletoSellingFirmwhenBuyer,any authorizedassigneeofBuyer,oranypartyauthorizedbyBuyerandSellerundertheContractoranyamendmentthereto, closesonthepurchaseoftheProperty.
b.TheFeewillbepaidatclosing,asdefinedintheContract,unlessotherwiseagreed.
3. TERM,EFFECTIVENESS,ANDEXPIRATION:ThisagreementshallbeeffectivewhensignedbySellerorListing Firm,asapplicable,andSellingFirm.Thisagreementwillterminateupontheearlierofclosing,asdefinedintheContract,or ,20,unlesstheFeehasbeenearnedpriortosuchdate.IftheFeehasbeenearnedpriorto theexpirationdateinthisparagraph,thenthisagreementshallnotterminateanditwillcontinuetobeinfullforceandeffect untilclosing,asdefinedintheContract,oruntiltheContractisterminated,solongassuchterminationisnotaresultof Seller'sbreach.
4. MERGER,MODIFICATION,ASSIGNMENT,ENFORCEMENT,ANDGOVERNINGLAW:ThisAgreement representstheentireagreementofthepartieshereto.Allpriorunderstandingsandagreementsaremergedintothisdocument. Thisagreementmayonlybemodifiedbyawrittendocumentsignedbyallparties,anditmaynotbeassignedexceptby writtenconsentofallparties.Iflegalproceedingsareinstitutedtoenforceanyprovisionofthisagreement,theprevailing partyintheproceedingshallbeentitledtorecoverfromthenon-prevailingpartyreasonableattorney'sfeesandcourtcosts incurredinconnectionwiththeproceeding.ThisagreementisgovernedbyNorthCarolinalaw.


THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.,MAKESNOREPRESENTATIONASTOTHELEGAL VALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMINANYSPECIFICTRANSACTION.
Date: ListingFirm: AgentName(Print): By: (AgentSignature)
Date:
Seller: (Signature)
Date:
Seller: (Signature)
EntitySeller: (NameofLLC/Corporation/Partnership/Trust/Etc.)
By:
Name(Print):
Title:
Date:
Date: SellingFirm: AgentName(Print): By: (AgentSignature)
Date: Buyer: (Signature)
Date: Buyer: (Signature)
EntityBuyer: (NameofLLC/Corporation/Partnership/Trust/Etc.)
By: Name(Print):
Title:
Date:
Buyersignstoacknowledgereceiptofthisformandconsentto thefeearrangementhereinonly.

PropertyAddress:
Owner'sName(s):
NorthCarolinalawN.C.G.S.47ErequiresresidentialpropertyownerstocompletethisDisclosureStatementandprovideittothebuyer priortoanyoffertopurchase.Therearelimitedexemptionsforcompletingtheform,suchasnewhomeconstructionthathasnever beenoccupied.Ownersareadvisedtoseeklegaladviceiftheybelievetheyareentitledtooneofthelimitedexemptionscontainedin N.C.G.S.47E-2.
AnownerisrequiredtoprovidearesponsetoeveryquestionbyselectingYes(Y),No(N),NoRepresentation(NR),orNotApplicable (NA).AnownerisnotrequiredtodiscloseanyofthematerialfactsthathaveaNRoption,eveniftheyhaveknowledgeofthem. However,failuretodiscloselatent(hidden)defectsmayresultincivilliability.ThedisclosuresmadeinthisDisclosureStatementare thoseoftheowner(s),nottheowner'sbroker.
◦IfanownerselectsYorN,theownerisonlyobligatedtodiscloseinformationaboutwhichtheyhaveactualknowledge.Ifan ownerselectsYinresponsetoanyquestionaboutaproblem,theownermustprovideawrittenexplanationorattachareportfrom anattorney,engineer,contractor,pestcontroloperator,orotherexpertorpublicagencydescribingit.
◦IfanownerselectsN,theownerhasnoactualknowledgeofthetopicofthequestion,includinganyproblem.IftheownerselectsN andtheownerknowsthereisaproblemorthattheowner'sanswerisnotcorrect,theownermaybeliableformakinganintentional misstatement.
◦IfanownerselectsNR,itcouldmeanthattheowner(1)hasknowledgeofanissueandchoosesnottodiscloseit;or(2)simply doesnotknow.
◦IfanownerselectsNA,itmeansthepropertydoesnotcontainaparticularitemorfeature.
ForpurposesofcompletingthisDisclosureStatement: “Dwelling” meansanystructureintendedforhumanhabitation, “Property” meansanystructureintendedforhumanhabitationandthetractofland,and “NotApplicable” meanstheitemdoesnotapplytothe propertyorexistontheproperty.
OWNERS: TheownermustgiveacompletedandsignedDisclosureStatementtothebuyernolaterthanthetimethebuyermakes anoffertopurchaseproperty.Iftheownerdoesnot,thebuyercan,undercertainconditions,cancelanyresultingcontract.Anowner isresponsibleforcompletinganddeliveringtheDisclosureStatementtothebuyereveniftheownerisrepresentedinthesaleofthe propertybyalicensedrealestatebrokerandthebrokermustdiscloseanymaterialfactsaboutthepropertythatthebrokerknowsor reasonablyshouldknow,regardlessoftheowner'sresponse.
Theownershouldkeepacopysignedbythebuyerfortheirrecords.IfsomethinghappenstomaketheDisclosureStatementincorrector inaccurate(forexample,theroofbeginstoleak),theownermustpromptlygivethebuyeranupdatedDisclosureStatementorcorrectthe problem.Notethatsomeissues,evenifrepaired,suchasstructuralissuesandfiredamage,remainmaterialfactsandmustbe disclosed byabrokerevenafterrepairsaremade.
BUYERS: Theowner'sresponsescontainedinthisDisclosureStatementarenotawarrantyandshouldnotbeasubstituteforconducting acarefulandindependentevaluationoftheproperty. Buyersarestronglyencouragedto: ●CarefullyreviewtheentireDisclosureStatement.
●Obtaintheirowninspectionsfromalicensedhomeinspectorand/orotherprofessional.
DONOTassumethatananswerofNorNRisaguaranteeofnodefect.IfanownerselectsN,thatmeanstheownerhasnoactual knowledgeofanydefects.Itdoesnotmeanthatadefectdoesnotexist.IfanownerselectsNR,itcouldmeantheowner(1)has knowledgeofanissueandchoosesnottodiscloseit,or(2)simplydoesnotknow.
BROKERS: Alicensedrealestatebrokershallfurnishtheirseller-clientwithaDisclosureStatementforthesellertocompletein connectionwiththetransaction.AbrokershallobtainacompletedcopyoftheDisclosureStatementandprovideittotheirbuyer-clientto reviewandsign.Allbrokersshall(1)reviewthecompletedDisclosureStatementtoensurethesellerrespondedtoallquestions,(2)take reasonablestepstodisclosematerialfactsaboutthepropertythatthebrokerknowsorreasonablyshouldknowregardlessoftheowner's responsesorrepresentations,and(3)explaintothebuyerthatthisDisclosureStatementdoesnotreplaceaninspectionandencourage thebuyertoprotecttheirinterestsbyhavingthepropertyfullyexaminedtothebuyer'ssatisfaction.
● BrokersareNOTpermittedtocompletethisDisclosureStatementonbehalfoftheirseller-clients.
●BrokerswhoownthepropertymayselectNRinthisDisclosureStatementbutareobligatedtodisclosematerialfactstheyknowor reasonablyshouldknowabouttheproperty.
BuyerInitials OwnerInitials
BuyerInitials OwnerInitials REV3/24 1
A1.Isthepropertycurrentlyowner-occupied? Dateowneracquiredtheproperty: Ifnotowner-occupied,howlonghasitbeensincetheowneroccupiedtheproperty?
A2.Inwhatyearwasthedwellingconstructed?
A3.Havetherebeenanystructuraladditionsorotherstructuralormechanicalchangestothe dwelling(s)?
A4.Thedwelling'sexteriorwallsaremadeofwhattypeofmaterial?(Checkallthatapply)
BrickVeneerVinyl Stone FiberCementSyntheticStuccoComposition/Hardboard
Concrete Aluminum Wood Asbestos Other
A5.Inwhatyearwasthedwelling'sroofcoveringinstalled?
A6.Istherealeakageorotherproblemwiththedwelling'srooforrelatedexistingdamage?
A7.Istherewaterseepage,leakage,dampness,orstandingwaterinthedwelling'sbasement,crawl space,orslab?
A8.Isthereaninfestationpresentinthedwellingordamagefrompastinfestationsofwood destroyinginsectsororganismsthathasnotbeenrepaired?
A9.Isthereaproblem,malfunction,ordefectwiththedwelling's: NAYes NoNR NAYes NoNR NAYes NoNR Foundation Windows AttachedGarage Slab Doors Fireplace/Chimney Patio Ceilings Interior/ExteriorWalls Floors Deck Other:
ExplanationsforquestionsinSectionA(identifythespecificquestionforeachexplanation):
B1.Isthereaproblem,malfunction,ordefectwiththedwelling'selectricalsystem(outlets,wiring, panels,switches,fixtures,generator,etc.)?
B2.Isthereaproblem,malfunction,ordefectwiththedwelling'sheatingand/orairconditioning?
B3.Whatisthedwelling'sheatsource?(Checkallthatapply) Furnace[#ofunits]HeatPump[#ofunits]Baseboard[#ofbedroomswithunits] Other
BuyerInitials OwnerInitials
BuyerInitials OwnerInitials
B4.Whatisthedwelling'scoolingsource?(Checkallthatapply;indicatetheyearofeachsystem manufacture)
CentralForcedAir: Wall/WindowsUnit(s): Other
B5.Whatisthedwelling'sfuelsource?(Checkallthatapply)
Electricity NaturalGas Solar PropaneOil Other
ExplanationsforquestionsinSectionB(identifythespecificquestionforeachexplanation):
C1.Whatisthedwelling'swatersupplysource?(Checkallthatapply)
City/CountySharedwellCommunitySystemPrivatewellOther
Ifthedwelling'swatersupplysourceissuppliedbyaprivatewell,identifywhethertheprivatewell hasbeentestedfor:(Checkallthatapply).
Quality Pressure Quantity
Ifthedwelling'swatersourceissuppliedbyaprivatewell,whatwasthedateofthelastwater quality/quantitytest?
C2.Thedwelling'swaterpipesaremadeofwhattypeofmaterial?(Checkallthatapply)
Copper Galvanized Plastic PolybutyleneOther
C3.Whatisthedwelling'swaterheaterfuelsource?(Checkallthatapply;indicatetheyearofeach systemmanufacture) Gas: Electric: Solar: Other:
C4.Whatisthedwelling'ssewagedisposalsystem?(Checkallthatapply)
SeptictankwithpumpcommunitysystemSeptictank Dripsystem ConnectedtoCity/CountySystem City/Countysystemavailable Other Straightpipe(wastewaterdoesnotgointoasepticorothersewersystem)*Note:Useofthistypeof systemviolatesStateLaw.
Ifthedwellingisservicedbyasepticsystem,howmanybedroomsareallowedbythesepticsystem permit? NoRecordsAvailable Datethesepticsystemwaslastpumped:
C5.Isthereaproblem,malfunction,ordefectwiththedwelling's: NAYes NoNR NAYes NoNR Septicsystem Plumbingsystem(pipes,fixtures,waterheater,etc.) Sewersystem Watersupply(waterquality,quantity,orpressure)
ExplanationsforquestionsinSectionC(identifythespecificquestionforeachexplanation):
BuyerInitials
D1.Isthedwellingequippedwithanelevatorsystem? Ifyes,whenwasitlastinspected? Dateoflastmaintenanceservice:
YesNoNR
D2.Isthereaproblem,malfunction,ordefectwiththedwelling's: NAYes NoNR NAYes NoNR NAYes NoNR NAYes NoNR
Atticfan,exhaust Irrigation Sump GarageDoor fan,ceilingfan systempumpsystem Elevatorsystem Pool/hottub Gas Security orcomponent/spa logs system Appliancestobe TVcablewiring Central Other conveyed orsatellitedishvacuum
ExplanationsforquestionsinSectionD(identifythespecificquestionforeachexplanation):
E1.Isthereaproblem,malfunction,ordefectwiththedrainage,grading,orsoilstabilityofthe property?
E2.Isthepropertyinviolationofanylocalzoningordinances,restrictivecovenants,orlocal land-userestrictions(includingsetbackrequirements?)
E3.Isthepropertyinviolationofanybuildingcodes(includingthefailuretoobtainrequired permitsforroomadditionsorotherchanges/improvements)?
E4.Isthepropertysubjecttoanyutilityorothereasements,shareddriveways,partywalls, encroachmentsfromoronadjacentproperty,orotherlanduserestrictions?
E5.Doesthepropertyabutoradjoinanyprivateroad(s)orstreet(s)?
E6.Ifthereisaprivateroadorstreetadjoiningtheproperty,arethereanyowners'associationor maintenanceagreementsdealingwiththemaintenanceoftheroadorstreet?NA
ExplanationsforquestionsinSectionE(identifythespecificquestionforeachexplanation):
F1.Istherehazardousortoxicsubstance,material,orproduct(suchasasbestos,formaldehyde, radongas,methanegas,lead-basedpaint)thatexceedgovernmentsafetystandardslocatedonor whichotherwiseaffecttheproperty?
BuyerInitials OwnerInitials
BuyerInitials OwnerInitials
YesNoNR
YesNoNR
F2.Isthereanenvironmentalmonitoringormitigationdeviceorsystemlocatedontheproperty?
F3.Istheredebris(whetherburiedorcovered),anundergroundstoragetank,oranenvironmentally hazardouscondition(suchascontaminatedsoilorwaterorotherenvironmentalcontamination) locatedonorwhichotherwiseaffecttheproperty?
F4.Isthereanynoise,odor,smoke,etc.,fromcommercial,industrial,ormilitarysourcesthat affectstheproperty?
F5.Isthepropertylocatedinafederalorotherdesignatedfloodhazardzone?
F6.Hasthepropertyexperienceddamageduetoflooding,waterseepage,orpooledwater attributabletoanaturaleventsuchasheavyrainfall,coastalstormsurge,tidalinundation,orriver overflow?
F7.Haveyoueverfiledaclaimforflooddamagetothepropertywithanyinsuranceprovider, includingtheNationalFloodInsuranceProgram?
F8.Isthereacurrentfloodinsurancepolicycoveringtheproperty?
F9.HaveyoureceivedassistancefromFEMA,U.S.SmallBusinessAdministration,oranyother federaldisasterfloodassistanceforflooddamagetotheproperty?
F10.IsthereafloodorFEMAelevationcertificatefortheproperty?
NOTE: Anexistingfloodinsurancepolicymaybeassignabletoabuyeratalesserpremiumthananewpolicy.Forpropertiesthat havereceiveddisasterassistance,therequirementtoobtainfloodinsurancepassesdowntoallfutureowners.Failuretoobtainflood insurancecanresultinanownerbeingineligibleforfutureassistance.
ExplanationsforquestionsinSectionF(identifythespecificquestionforeachexplanation):
G1.Isthepropertysubjecttoanylawsuits,foreclosures,bankruptcy,judgments,taxliens,proposed assessments,mechanics'liens,materialmens'liens,ornoticesfromanygovernmentalagencythat couldaffecttitletotheproperty?
G2.Isthepropertysubjecttoaleaseorrentalagreement?
G3.Isthepropertysubjecttocovenants,conditions,orrestrictionsortogoverningdocuments separatefromanowners'associationthatimposevariousmandatorycovenants,conditions,andor restrictionsuponthelotorunit?
ExplanationsforquestioninSectionG(identifythespecificquestionforeachexplanation):
YesNoNR
Ifyouanswer'Yes'toquestionH1,youmustcompletetheremainingquestionsinSectionH.Ifyouanswered'No'or'No Representation'toquestionH1,youdonotneedtoanswertheremainingquestionsinSectionH.
H1.Isthepropertysubjecttoregulationbyoneormoreowners'association(s)including,butnot limitedto,obligationstopayregularassessmentsorduesandspecialassessments?
If“yes,”pleaseprovidetheinformationrequestedbelowastoeachowners'associationtowhich thepropertyissubject[insertN/Aintoanyblankthatdoesnotapply]:
a.(specifyname)
whoseregularassessments(“dues”)are $ per .
Thename,address,telephonenumber,andwebsiteofthepresidentoftheowners'associationorthe associationmanagerare:
b.(specifyname)
whoseregularassessments(“dues”)are $ per.
Thename,address,telephonenumber,andwebsiteofthepresidentoftheowners'associationorthe associationmanagerare:
c.Arethereanychangestodues,fees,orspecialassessmentwhichhavebeendulyapprovedandto whichthelotissubject?
If“yes,”statethenatureandamountofthedues,fees,orspecialassessmentstowhichtheproperty issubject:
H2.Isthereanyfeechargedbytheassociationorbytheassociation'smanagementcompanyin connectionwiththeconveyanceortransferofthelotorpropertytoanewowner?
If“yes,”statetheamountofthefees:
H3.Isthereanyunsatisfiedjudgmentagainst,pendinglawsuit,orexistingorallegedviolationofthe association'sgoverningdocumentsinvolvingtheproperty?
If“yes,”statethenatureofeachpendinglawsuit,unsatisfiedjudgment,orexistingoralleged violation:
H4.Isthereanyunsatisfiedjudgmentorpendinglawsuitsagainsttheassociation?
If“yes,”statethenatureofeachunsatisfiedjudgmentorpendinglawsuit:
ExplanationsforquestionsinSectionH(identifythespecificquestionforeachexplanation):
Owner(s)acknowledge(s)havingreviewedthisDisclosureStatementbeforesigningandthatallinformationistrueand correcttothebestoftheirknowledgeasofthedatesigned.
OwnerSignature: Date
OwnerSignature: Date
Buyers(s)acknowledge(s)receiptofacopyofthisDisclosureStatementandthattheyhaverevieweditbeforesigning.
BuyerSignature: Date
BuyerSignature: Date

1.TheResidentialPropertyDisclosureAct(G.S.47E)("DisclosureAct")requiresownersofcertainresidentialrealestatesuchassinglefamilyhomes,individualcondominiums,townhouses,andthelike,andbuildingswithuptofourdwellingunits,tofurnishpurchasers aMineralandOilandGasRightsDisclosureStatement("DisclosureStatement").Thisformistheonlyoneapprovedforthispurpose.
2. Adisclosurestatementisnotrequiredforsometransactions.Foracompletelistofexemptions,seeG.S.47E2(a). A DISCLOSURE STATEMENT IS REQUIRED FOR THE TRANSFERS IDENTIFIED IN G.S. 47E-2(b). includingtransfersinvolvingthefirstsaleof adwellingneverinhabited,leasewithoptiontopurchasecontractswherethelesseeoccupiesorintendstooccupythedwelling,andtransfers betweenpartieswhenbothpartiesagreenottoprovidetheResidentialPropertyandOwner'sAssociationDisclosureStatement.
3.Youmustrespondtoeachofthefollowingbyplacingacheck√intheappropriatebox.
Mineralrightsand/oroilandgasrightscanbeseveredfromthetitletorealpropertybyconveyance(deed)ofthemineralrights and/oroilandgasrightsfromtheownerorbyreservationofthemineralrightsand/oroilandgasrightsbytheowner.Ifmineral rightsand/oroilandgasrightsareorwillbeseveredfromtheproperty,theownerofthoserightsmayhavetheperpetualrightto drill,mine,explore,andremoveanyofthesubsurfacemineraland/oroilorgasresourcesonorfromthepropertyeitherdirectly fromthesurfaceofthepropertyorfromanearbylocation.Withregardtotheseveranceofmineralrightsand/oroilandgas rights,Sellermakesthefollowingdisclosures:
YesNo NoRepresentation
1.Mineralrightswereseveredfromthepropertybyapreviousowner. BuyerInitials
2.Sellerhasseveredthemineralrightsfromtheproperty. BuyerInitials
3.Sellerintendstoseverthemineralrightsfromthepropertypriorto BuyerInitialstransferoftitletotheBuyer.
4.Oilandgasrightswereseveredfromthepropertybyapreviousowner. BuyerInitials
5.Sellerhasseveredtheoilandgasrightsfromtheproperty. BuyerInitials
6.Sellerintendstosevertheoilandgasrightsfromthepropertyprior BuyerInitialstotransferoftitletoBuyer.
IftheownerdoesnotgiveyouaMineralandOilandGasRightsDisclosureStatementbythetimeyoumakeyourofferto purchasetheproperty,orexerciseanoptiontopurchasethepropertypursuanttoaleasewithanoptiontopurchase,you mayundercertainconditionscancelanyresultingcontractwithoutpenaltytoyouasthepurchaser.Tocancelthecontract, youmustpersonallydeliverormailwrittennoticeofyourdecisiontocanceltotheownerortheowner'sagentwithinthree calendardaysfollowingyourreceiptofthisDisclosureStatement,orthreecalendardaysfollowingthedateofthecontract, whicheveroccursfirst.However,innoeventdoestheDisclosureActpermityoutocancelacontractaftersettlementofthe transactionor(inthecaseofasaleorexchange)afteryouhaveoccupiedtheproperty,whicheveroccursfirst.
PropertyAddress:
Owner'sName(s):
Owner(s)acknowledgehavingexaminedthisDisclosureStatementbeforesigningandthatallinformationistrueand correctasofthe datesigned.
OwnerSignature: Date
OwnerSignature: Date
Purchaser(s)acknowledgereceiptofacopyofthisDisclosureStatement;thattheyhaveexamineditbeforesigning;that theyunderstand thatthisisnotawarrantybyownerorowner'sagent;andthattherepresentationsaremadebythe ownerandnottheowner'sagent(s) orsubagent(s).
PurchaserSignature: Date
PurchaserSignature: Date
Preparedfor:
PropertyAddress:
THEFOLLOWINGARETYPICALEXPENSESWHICHASELLERISOBLIGATEDTOPAYORISREQUIREDBY OPERATIONOFLAW,ANDALSOINCLUDESITEMSWHICHMAYBENEGOTIATEDBYCONTRACTANDPREMARKETINGEXPENSES. SELLERACKNOWLEDGESANDUNDERSTANDSTHATEACHESTIMATEHEREONIS ANAPPROXIMATIONONLY.SELLERSHOULDVERIFYTHEACCURACYOFTHECALCULATIONS.
1stMortgagePayoff(estimated)
2ndMortgagePayoff(estimated)
HomeEquityLoan
HOAAssessment(s)
LoansonEquipmentforHome
OtherLien:
OtherLien:
Pro-RatedHOADues
Pro-RatedTaxes
[Consult"Guidelines"(Form2G)forguidanceincompletingthisform]
Forvaluableconsideration,thereceiptandlegalsufficiencyofwhichareherebyacknowledged,BuyerofferstopurchaseandSeller uponacceptanceagreestosellandconveythePropertyonthetermsandconditionsofthisOfferToPurchaseandContractandany addendumormodificationmadeinaccordancewithitsterms(togetherthe"Contract").
1. TERMSANDDEFINITIONS: Thetermslistedbelowshallhavetherespectivemeaninggiventhemassetforthadjacenttoeach term.
(a) "Seller":
(b) "Buyer":
(c) "Property": ThePropertyshallincludeallthatrealestatedescribedbelowtogetherwithallappurtenancestheretoincludingthe improvementslocatedthereonandthefixturesandpersonalpropertylistedinParagraphs2and3below.
ThePropertywillwillnotincludeamanufactured(mobile)home(s).
ThePropertywillwillnotincludeanoff-siteand/orseparatesepticlot,boatslip,garage,parkingspace,orstorageunit.
NOTE: Ifamanufacturedhome(s)orasepticlot,boatslip,garage,parkingspace,orstorageunitisincluded,BuyerandSeller arestronglyencouragedtoincludefurtherdetailsintheAdditionalProvisionsAddendum(Form2A11-T)andattachittothisoffer.
StreetAddress: City: Zip:
County: ,NorthCarolina
NOTE: Governmentalauthorityovertaxes,zoning,schooldistricts,utilitiesandmaildeliverymaydifferfromaddressshown.
LegalDescription:(Complete ALL applicable)
PlatReference:Lot/Unit ,Block/Section ,Subdivision/Condominium ,asshownonPlatBook/Slide atPage(s)
ThePIN/PIDorotheridentificationnumberofthePropertyis: Otherdescription: SomeorallofthePropertymaybedescribedinDeedBook atPage
d) "PurchasePrice":
$paidinU.S.Dollarsuponthefollowingterms:
$BYDUEDILIGENCEFEEmadepayableanddeliveredtoSellerontheEffective Datebycashpersonalcheckofficialbankcheckwiretransfer electronictransfer(specifypaymentservice: )
$BYINITIALEARNESTMONEYDEPOSITmadepayableanddeliveredtoEscrow AgentnamedinParagraph1(f)withinfive(5)daysoftheEffectiveDateofthis Contractbycashpersonalcheck officialbankcheck wiretransfer electronictransfer.
$BY(ADDITIONAL)EARNESTMONEYDEPOSITmadepayableanddeliveredto EscrowAgentnamedinParagraph1(f)nolaterthan5p.m.on , TIMEISOFTHEESSENCE by cash officialbankcheck wiretransfer electronictransfer
$BYASSUMPTIONoftheunpaidprincipalbalanceandallobligationsofSelleronthe existingloan(s)securedbyadeedoftrustonthePropertyinaccordancewiththe attachedLoanAssumptionAddendum(StandardForm2A6-T).
$BYSELLERFINANCINGinaccordancewiththeattachedSellerFinancing Addendum(StandardForm2A5-T).
$BYBUILDINGDEPOSITinaccordancewiththeattachedNewConstruction Addendum(StandardForm2A3-T).
$BALANCEofthePurchasePriceincashatSettlement(someorallofwhichmaybe paidwiththeproceedsofanewloan).
Page 1 of 17


ShouldBuyerfailtodelivereithertheDueDiligenceFeeoranyInitialEarnestMoneyDepositbytheirduedates,orshouldany checkorotherfundspaidbyBuyerbedishonored,foranyreason,bytheinstitutionuponwhichthepaymentisdrawn,Buyershall haveone(1)bankingdayafterwrittennoticetodelivercash,officialbankcheck,wiretransferorelectronictransfertothepayee.In theeventBuyerdoesnottimelydelivertherequiredfunds,SellershallhavetherighttoterminatethisContractuponwrittennotice toBuyer,andSellershallbeentitledtorecovertheDueDiligenceFeetogetherwithallEarnestMoneyDepositpaidortobepaidin thefuture.Inaddition,Sellermayseekanyremediesallowedfordishonoredfunds.Seeparagraph23foraparty'srighttoattorneys' feesincurredincollectingtheEarnestMoneyDepositorDueDiligenceFee.
NOTE: IfthepartiesagreethatBuyerwillpayanyfeeordepositdescribedabovebyelectronicorwiretransfer,Selleragrees tocooperateineffectingsuchtransfer,includingtheestablishmentofanynecessaryaccountandprovidinganynecessary informationtoBuyer,provided,however,Buyershallberesponsibleforadditionalcosts,ifany,associatedwithsuchtransfer.
(e) "EarnestMoneyDeposit": TheInitialEarnestMoneyDeposit,theAdditionalEarnestMoneyDepositandanyotherearnest moniespaidorrequiredtobepaidinconnectionwiththistransaction,collectivelythe"EarnestMoneyDeposit,"shallbedeposited promptlyandheldinescrowbyEscrowAgent.TheEarnestMoneyDepositwillbecreditedtoBuyeratClosingordisbursedas requiredbythisContract.
(f) "EscrowAgent" (insertname): BuyerandSellerconsenttodisclosurebytheEscrowAgentofanymaterialfactspertainingtotheEarnestMoneyDeposittothe partiestothistransaction,theirrealestateagent(s)andBuyer'slender(s).
NOTE: IntheeventofadisputebetweenSellerandBuyeroverthedispositionoftheEarnestMoneyDepositheldinescrow,a licensedrealestatebroker(“Broker”)isrequiredbystatelaw(andEscrowAgent,ifnotaBroker,herebyagrees)toretaintheEarnest MoneyDepositintheEscrowAgent'strustorescrowaccountuntilEscrowAgenthasobtainedawrittenreleasefromtheparties consentingtoitsdispositionoruntildisbursementisorderedbyacourtofcompetentjurisdiction.Alternatively,ifaBrokeroran attorneylicensedtopracticelawinNorthCarolina("Attorney")isholdingtheEarnestMoneyDeposit,theBrokerorAttorneymay depositthedisputedmonieswiththeappropriateclerkofcourtinaccordancewiththeprovisionsofN.C.G.S.§93A-12.
THEPARTIESAGREETHATAREALESTATEBROKERAGEFIRMACTINGASESCROWAGENTMAYPLACETHE EARNESTMONEYDEPOSITINANINTERESTBEARINGTRUSTACCOUNTANDTHATANYINTERESTEARNED THEREONSHALLBEDISBURSEDTOTHEESCROWAGENTMONTHLYINCONSIDERATIONOFTHEEXPENSES INCURREDBYMAINTAININGSUCHACCOUNTANDRECORDSASSOCIATEDTHEREWITH.
(g) "EffectiveDate": Thedatethat:(1)thelastoneofBuyerandSellerhassignedorinitialedthisofferorthefinalcounteroffer,if any,and(2)suchsigningorinitialingiscommunicatedtothepartymakingtheofferorcounteroffer,asthecasemaybe.Theparties acknowledgeandagreethattheinitialslinesatthebottomofeachpageofthisContractaremerelyevidenceoftheirhavingreviewed thetermsofeachpage,andthatthecompleteexecutionofsuchinitialslinesshallnotbeaconditionoftheeffectivenessofthis Agreement.ThepartiesfurtheracknowledgethattheeffectivenessofthisContractisnotcontingentonBuyer'spaymentofany EarnestMoneyDepositorDueDiligenceFee.Seeparagraph1(d)forSeller'sremedyforanyuntimelydeliveredordishonored funds.
(h) "DueDiligence": Buyer'sopportunitytoinvestigatethePropertyandthetransactioncontemplatedbythisContract,including butnotnecessarilylimitedtothemattersdescribedinParagraph4below,todecidewhetherBuyer,inBuyer'ssolediscretion,will proceedwithorterminatethetransaction.
(i) "DueDiligenceFee": Anegotiatedamount,ifany,paidbyBuyertoSellerwiththisContractforBuyer'srighttoterminatethe ContractforanyreasonornoreasonduringtheDueDiligencePeriod.ItshallbethepropertyofSellerupontheEffectiveDateand shallbeacredittoBuyeratClosing.TheDueDiligenceFeeshallbenon-refundableexceptintheeventofamaterialbreachofthis ContractbySeller,orifthisContractisterminatedunderParagraph23(b)orasotherwiseprovidedinanyaddendumhereto.Buyer andSellereachexpresslywaiveanyrightthattheymayhavetodenytherighttoconductDueDiligenceortoassertanydefenseas totheenforceabilityofthisContractbasedontheabsenceorallegedinsufficiencyofanyDueDiligenceFee,itbeingtheintentof thepartiestocreatealegallybindingcontractforthepurchaseandsaleofthePropertywithoutregardtotheexistenceoramountof anyDueDiligenceFee.Seller,orSeller'sagent,maydirectBuyerinwritingtomaketheDueDiligenceFeepayabletoapartyother than“Seller”asthattermisdefinedherein,andSelleragreestobeboundbysuchwrittendirection.Seeparagraph23foraparty's righttoattorneys'feesincurredincollectingtheDueDiligenceFee.
Page 2 of 17
(j) "DueDiligencePeriod":(Checkonlyone)
TheperiodbeginningontheEffectiveDateandextendingthrough5:00p.m.on(insertdateonly;not“N/A”) ; OR
Theperiodextendingfor(insertanumberonly;not“N/A”) daysaftertheEffectiveDateandendingat5:00 p.m.onthelastdayoftheperiod.
TIMEISOFTHEESSENCEFORANYDEADLINEINTHISPARAGRAPH.
(k) "Settlement": Theproperexecutionanddeliverytotheclosingattorneyofalldocumentsnecessarytocompletethetransaction contemplatedbythisContract,includingthedeed,settlementstatement,deedoftrustandotherloanorconveyancedocuments,and theclosingattorney'sreceiptofallfundsnecessarytocompletesuchtransaction.
(l) "SettlementDate": ThepartiesagreethatSettlementwilltakeplaceon (the"SettlementDate"),unlessotherwiseagreedinwriting,atatimeandplacedesignatedbyBuyer.
NOTE: Seeparagraph12, DELAYINSETTLEMENT/CLOSING forconditionsunderwhichSettlementmaybedelayed.
(m) "Closing": ThecompletionofthelegalprocesswhichresultsinthetransferoftitletothePropertyfromSellertoBuyer,which includesthefollowingsteps:(1)theSettlement(definedabove);(2)thecompletionofasatisfactorytitleupdatetotheProperty followingtheSettlement;(3)theclosingattorney'sreceiptofauthorizationtodisburseallnecessaryfunds;and(4)recordationin theappropriatecountyregistryofthedeed(s)anddeed(s)oftrust,ifany,whichshalltakeplaceassoonasreasonablypossiblefor theclosingattorneyafterSettlement.UponClosing,theproceedsofsaleshallbedisbursedbytheclosingattorneyinaccordance withthesettlementstatementandtheprovisionsofChapter45AoftheNorthCarolinaGeneralStatutes.Ifthetitleupdateshould revealunexpectedliens,encumbrancesorothertitledefects,oriftheclosingattorneyisnotauthorizedtodisburseallnecessary funds,thentheClosingshallbesuspendedandtheSettlementdeemeddelayedunderParagraph12(DelayinSettlement/Closing).
WARNING: TheNorthCarolinaStateBarhasdeterminedthattheperformanceofmostactsandservicesrequiredforaclosing constitutesthepracticeoflawandmustbeperformedonlybyanattorneylicensedtopracticelawinNorthCarolina.Statelaw prohibitsunlicensedindividualsorfirmsfromrenderinglegalservicesoradvice.Althoughnon-attorneysettlementagentsmay performlimitedservicesinconnectionwithaclosing,theymaynotperformalltheactsandservicesrequiredtocompleteaclosing. Aclosinginvolvessignificantlegalissuesthatshouldbehandledbyanattorney.Accordingly,itisthepositionoftheNorth CarolinaBarAssociationandtheNorthCarolinaAssociationofREALTORS®thatallbuyersshouldhireanattorneylicensedin NorthCarolinatoperformaclosing.
(n) "SpecialAssessments": AchargeagainstthePropertybyagovernmentalauthorityinadditiontoadvaloremtaxesandrecurring governmentalservicefeesleviedwithsuchtaxes,orbyanowners'associationinadditiontoanyregularassessment(dues),either ofwhichmaybealienagainsttheProperty.
NOTE: Buyer'sandSeller'srespectiveresponsibilitiesforthepaymentofSpecialAssessmentsareaddressedinparagraphs6(a) and8(l).
2. FIXTURESANDEXCLUSIONS:
WARNING:THEPARTIESSHOULDNOTASSUMETHATANITEMWILLORWILLNOTBEINCLUDEDINTHE SALEBASEDONANORALORWRITTENSTATEMENTORUNDERSTANDINGTHATISNOTAPARTOFTHIS CONTRACT.BUYERANDSELLERSHOULDBESPECIFICWHENNEGOTIATINGWHATITEMSWILLBE INCLUDEDOREXCLUDEDFROMTHESALE.
(a) FixturesAreIncludedinPurchasePrice: ALLEXISTINGFIXTURESAREINCLUDEDINTHESALEASPARTOFTHE PURCHASEPRICE,FREEOFLIENS,UNLESSEXCLUDEDINSUBPARAGRAPHS(d)OR(e).
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(b) SpecifiedItems: BuyerandSelleragreethatthefollowingitems,ifpresentonthePropertyonthedateoftheoffer,shallbeincluded inthesaleaspartofthePurchasePricefreeofliens,unlessexcludedinsubparagraphs(d)or(e)below.ALLITEMSLISTEDBELOW INCLUDEBOTHTRADITIONALAND“SMART”VERSIONSANDANYEXCLUSIVELYDEDICATED,RELATED EQUIPMENTAND/ORREMOTECONTROLDEVICES.
● Alarmandsecuritysystems(attached)forsecurity,fire, smoke,carbonmonoxideorothertoxinswithallrelated accesscodes,sensors,cameras,dedicatedmonitors,hard drives,videorecorders,powersuppliesandcables; doorbells/chimes
● Allstoves/ranges/ovens;built-inappliances;attached microwaveoven;venthood
● Antennas;satellitedishesandreceivers
● Basketballgoalsandplayequipment(permanently attachedorin-ground)
● Ceilingandwall-attachedfans;lightfixtures(including existingbulbs)
● Exerciseequipment/devicesthatareattached
● Fireplaceinsert;gaslogsorstarters;attachedfireplace screens;woodorcoalstoves
● Floorcoverings(attached)
● Garagedooropeners
● Generatorsthatarepermanentlywired
● Invisiblefencingwithpowersupply
● Landscapeandoutdoortreesandplants(exceptin moveablecontainers);raisedgarden;landscapeand foundationlighting;outdoorsoundsystems;permanent irrigationsystems;rainbarrels;landscapewaterfeatures;
● Mailboxes;mountedpackageandnewspaperreceptacles
● Mirrorsattachedtowalls,ceilings,cabinetsordoors;all bathroomwallmirrors
● Storageshed;utilitybuilding
● Swimmingpools;spas;hottubs(excludinginflatable pools,spas,andhottubs)
● Solarelectricandsolarwaterheatingsystems
● Sump-pumps,radonfansandcrawlspaceventilators;dehumidifiersthatarepermanentlywired
● Surface-mountingbracketsfortelevisionandspeakers; recess-mountedspeakers;mountedintercomsystem
● Thermostats
● Watersupplyequipment,includingfilters,conditioning andsoftenersystems;re-circulatingpumps;wellpumps andtanks
● Window/Doorblindsandshades,curtain/draperyrodsand brackets,doorandwindowscreensandcombinationdoors, awningsandstormwindows
(c) Unpairing/deletingdatafromdevices: PriortoClosing,Sellershall“unpair”anydevicesthatwillconveyfromanypersonal propertydevices(hubs,intelligentvirtualassistants,mobiledevices,vehicles,etc.)withwhichtheyarepaired,deletepersonaldatafrom anydevicesthatwillconvey,andrestorealldevicestofactorydefaultsettingsunlessotherwiseagreed.Seller'sobligationsunderthis paragraph2(c)shallsurviveClosing.
NOTE:ANYFIXTUREOROTHERITEMDESCRIBEDINSUBPARAGRAPHS(a)AND(b)THATWILLNOTBEA PARTOFTHESALESHOULDBEIDENTIFIEDINSUBPARAGRAPHS(d)OR(e),ASAPPLICABLE.
(d) ItemsLeasedorNotOwned: AnyitemwhichisleasedornotownedbySeller,suchasantennas,satellitedishesandreceivers, appliances,andalarmandsecuritysystemsmustbeidentifiedhereandshallnotconvey: Inaddition,anyleasedfueltankidentifiedinparagraph7(d)shallnotconvey.
(e) OtherItemsThatDoNotConvey: Thefollowingitemsshallnotconvey (identifythoseitemstobeexcludedundersubparagraphs (a)and(b)): Sellermustrepairanydamagecausedbyremovalofanyitemsexcludedaboveinagoodandworkmanlikemanner.Sellerwillnotify Buyeruponcompletionofsuchrepair(s)andprovideBuyerwithdocumentationthereof,ifany.
NOTE: BuyerisadvisedtoconsiderattachingtheAdditionalProvisionsAddendum(Form2A11-T)ifBuyerhasaspecificrequestas tohowtherepairsshouldbecompleted.
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3. PERSONALPROPERTY: ThefollowingpersonalpropertypresentonthePropertyonthedateoftheoffershallbetransferredto Buyeratclosingatnovalue:
NOTE:ANYPERSONALPROPERTYTHATWILLBEAPARTOFTHESALESHOULDBEIDENTIFIEDINTHIS PARAGRAPH. BuyerisadvisedtoconsultwithBuyer'slendertoassurethatthePersonalPropertyitemslistedabovecanbe includedinthisContract.
WARNING:BUYERISSTRONGLYENCOURAGEDTOCONDUCTDUEDILIGENCEDURINGTHEDUE DILIGENCEPERIOD. IfBuyerisnotsatisfiedwiththeresultsorprogressofBuyer'sDueDiligence,Buyershouldterminate thisContract,PRIORTOTHEEXPIRATIONOFTHEDUEDILIGENCEPERIOD,unlessBuyercanobtainawrittenextension fromSeller.SELLERISNOTOBLIGATEDTOGRANTANEXTENSION.AlthoughBuyermaycontinuetoinvestigatethe PropertyfollowingtheexpirationoftheDueDiligencePeriodasallowedunderparagraphs4and8(c)herein,Buyer'sfailureto deliveraTerminationNoticetoSellerpriortotheexpirationoftheDueDiligencePeriodwillconstituteawaiverbyBuyerofany righttoterminatethisContractbasedonanymatterrelatingtoBuyer'sDueDiligence.Providedhowever,followingtheDue DiligencePeriod,BuyermaystillexercisearighttoterminateifSellerfailstomateriallycomplywithanyofSeller'sobligations underParagraph8ofthisContractorforanyotherreasonpermittedunderthetermsofthisContractorNorthCarolinalaw.
(a) Loan: Buyer,atBuyer'sexpense,shallbeentitledtopursuequalificationforandapprovaloftheLoanifany.
NOTE: ThereisnoloanorappraisalcontingencyinthisOfferToPurchaseandContract.Therefore,Buyerisadvisedtoconsult withBuyer'slenderpriortosigningthisoffertoassurethattheDueDiligencePeriodallowssufficienttimefortheloanprocess andforBuyer'slendertoprovideBuyersufficientinformationtodecidewhethertoproceedwithorterminatethetransaction.
(b) PropertyInvestigation: BuyerorBuyer'sagentsorrepresentatives,atBuyer'sexpense,shallbeentitledtoconductalldesired tests,surveys,appraisals,investigations,examinationsandinspectionsofthePropertyasBuyerdeemsappropriate,includingbut NOTlimitedtothefollowing:
(i) Inspections: InspectionstodeterminetheconditionofanyimprovementsontheProperty,thepresenceofunusualdrainage conditionsorevidenceofexcessivemoistureadverselyaffectinganyimprovementsontheProperty,thepresenceofasbestosor existingenvironmentalcontamination,evidenceofwood-destroyinginsectsordamagetherefrom,andthepresenceandlevelof radongasontheProperty.
(ii) ReviewofDocuments: ReviewoftheDeclarationofRestrictiveCovenants,Bylaws,ArticlesofIncorporation,Rulesand Regulations,andothergoverningdocumentsofanyapplicableowners'associationand/orsubdivision.IfthePropertyissubject toregulationbyanowners'association,itisrecommendedthatBuyerreviewthecompletedResidentialPropertyandOwners' AssociationDisclosureStatementprovidedbySellerpriortosigningthisoffer.ItisalsorecommendedthattheBuyerdetermine iftheowners'associationoritsmanagementcompanychargesfeesforprovidinginformationrequiredbyBuyer'slenderor confirmingrestrictivecovenantcompliance.
(iii) Insurance: InvestigationoftheavailabilityandcostofinsurancefortheProperty.
(iv) Appraisals: AnappraisaloftheProperty.
(v) Survey: AsurveytodeterminewhetherthepropertyissuitableforBuyer'sintendeduseandthelocationofeasements, setbacks,propertyboundariesandotherissueswhichmayormaynotconstitutetitledefects.
(vi) Zoning,GovernmentalRegulation,andGovernmentalCompliance: Investigationofcurrentorproposedzoningorother governmentalregulationthatmayaffectBuyer'sintendeduseoftheProperty,adjacentlanduses,plannedorproposedroad construction,andschoolattendancezones;andinvestigationofwhetherthePropertyisinviolationofanylaw,ordinance, permit,orgovernmentregulationasoutlinedinparagraph8(h).
(vii) Flood/Wetland/WaterHazard: Investigationofpotentialfloodhazards,wetlands,orotherwaterorriparianissuesonthe Property;and/oranyrequirementtopurchasefloodinsuranceinordertoobtainaloan.
(viii) UtilitiesandAccess: Availability,quality,andobligationsformaintenanceofutilitiesincludingwater,sewer,electric, gas,communicationservices,stormwatermanagement,andmeansofaccesstothePropertyandamenities.
(ix) Streets/Roads: Investigationofthestatusofthestreet/roaduponwhichthePropertyfrontsaswellasanyotherstreet/road usedtoaccesstheProperty,including:(1)whetheranystreet(s)/road(s)arepublicorprivate,(2)whetheranystreet(s)/road(s) designatedaspublicareacceptedformaintenancebytheStateofNCoranymunicipality,or(3)ifprivateornotacceptedfor publicmaintenance,theconsequencesandresponsibilityformaintenanceandtheexistence,termsandfundingofany maintenanceagreements.
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(x) SpecialAssessments: InvestigationoftheexistenceofSpecialAssessmentsthatmaybeunderconsiderationbya governmentalauthorityoranowners'association.
(c) Sale/LeaseofExistingProperty: Asnotedinparagraph5(b),unlessotherwiseprovidedinanaddendum,thisContractisnot conditioneduponthesale/leaseorclosingofotherpropertyownedbyBuyer.Therefore,ifBuyermustsellorleaseotherrealproperty inordertoqualifyforanewloanortootherwisecompletethepurchaseoftheProperty,BuyershouldseektocloseonBuyer'sother propertypriortotheendoftheDueDiligencePeriodorbereasonablysatisfiedthatclosingonBuyer'sotherpropertywilltakeplace priortotheSettlementDateofthisContract.
(d)Repair/ImprovementNegotiations/Agreement:Buyeracknowledgesandunderstandsthefollowing:
● Unlessthepartiesagreeotherwise,THEPROPERTYISBEINGSOLDINITSCURRENTCONDITION.
● Sellermay,butisnotrequiredto,engageinnegotiationsforrepairs/improvementstotheProperty.
Buyerisadvisedtomakeanyrepair/improvementrequestsinsufficienttimetoallownegotiationstobeconcludedpriortothe expirationoftheDueDiligencePeriod.Anyagreementthatthepartiesmayreachwithrespecttorepairs/improvementsisanaddition tothisContractthatmustbeinwritingandsignedbythepartiesinaccordancewithParagraph19.
NOTE: SeeParagraph8(c),AccesstoPropertyandParagraph8(n),NegotiatedRepairs/Improvements.
(e) Buyer'sObligationtoRepairDamage: Buyershall,atBuyer'sexpense,promptlyrepairanydamagetothePropertyresulting fromanyactivitiesofBuyerandBuyer'sagentsandcontractors,butBuyershallnotberesponsibleforanydamagecausedby acceptedpracticeseitherapprovedbytheN.C.HomeInspectorLicensureBoardorapplicabletoanyotherN.C.licensedprofessional performingreasonableappraisals,tests,surveys,examinationsandinspectionsoftheProperty.Thisrepairobligationshallsurvive anyterminationofthisContract.
(f) Indemnity: BuyerwillindemnifyandholdSellerharmlessfromallloss,damage,claims,suitsorcosts,whichshallariseoutof anycontract,agreement,orinjurytoanypersonorpropertyasaresultofanyactivitiesofBuyerandBuyer'sagentsandcontractors relatingtothePropertyexceptforanyloss,damage,claim,suitorcostarisingoutofpre-existingconditionsofthePropertyand/or outofSeller'snegligenceorwillfulactsoromissions.ThisindemnityshallsurvivethisContractandanyterminationhereof.
(g) Buyer'sRighttoTerminate: ProvidedthatBuyerhasdeliveredanyagreed-uponDueDiligenceFee,Buyershallhavetheright toterminatethisContractforanyreasonornoreason,bydeliveringtoSellerwrittennoticeoftermination(the“TerminationNotice”) duringtheDueDiligencePeriod(oranyagreed-uponwrittenextensionoftheDueDiligencePeriod), TIMEISOFTHEESSENCE. IfBuyertimelydeliverstheTerminationNotice,thisContractshallbeterminatedandtheEarnestMoneyDepositshallberefunded toBuyer.
(h) CLOSINGSHALLCONSTITUTEACCEPTANCEOFTHEPROPERTYINITSTHENEXISTINGCONDITION UNLESSPROVISIONISOTHERWISEMADEINWRITING.
5. BUYERREPRESENTATIONS:
(a) Fundstocompletepurchase:
(Checkifapplicable)Cash.BuyerintendstopaycashinordertopurchasethePropertyanddoesnotintendtoobtainaloanor fundsfromsourcesotherthanBuyer'sownassets.VerificationofcashavailableforSettlementisisnotattached.
NOTE: IfBuyerdoesnotintendtoobtainanewloan(s)and/orfundsfromsourcesotherthanBuyer'sownassets,Sellerisadvised, priortosigningthisoffer,toobtaindocumentationfromBuyerwhichdemonstratesthatBuyerwillbeabletocloseontheProperty withoutthenecessityofobtainingaloanorfundsfromsourcesotherthanBuyer'sownassets.
OR:
(Checkifapplicable)Loan(s)/OtherFunds:Buyerintendstoobtainaloan(s)and/orotherfundstopurchasethePropertyfrom thefollowingsources(checkallapplicablesources):
FirstMortgageLoan:
BuyerintendstoobtainafirstmortgageloanofthefollowingtypeinordertopurchasetheProperty:FHAVA(attach FHA/VAFinancingAddendum)ConventionalUSDAOthertype:
intheprincipalamountof plusanyfinancedVAFundingFeeorFHAMIP.
SecondMortgageLoan:
BuyerintendstoobtainasecondmortgageloanofthefollowingtypeinordertopurchasetheProperty:
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Otherfunds:
Buyerintendstoobtainfundsfromthefollowingothersource(s)inordertopurchasetheProperty:
NOTE: Buyer'sobligationsunderthisContractarenotconditioneduponobtaininganyloan(s)orotherfundsfromsourcesother thanBuyer'sownassets.Somemortgageloanprogramsandotherprogramsprovidingfundsforthepurchaseofpropertyselected byBuyermayimposerepairobligationsand/oradditionalconditionsorcostsuponSellerorBuyer,andmoreinformationmaybe needed.
MaterialchangeswithrespecttofundingthepurchaseofthePropertythataffectthetermsofthecontractarematerialfactsthatmust bedisclosed.
(b) OtherProperty:BuyerDOESDOESNOThavetosellorleaseotherrealpropertyinordertoqualifyforanewloanorto completethepurchase. (CompletethefollowingonlyifBuyerDOEShavetosellorleaseotherrealproperty:)
OtherPropertyAddress:
(Checkifapplicable)Buyer'sotherpropertyISundercontractasofthedateofthisoffer,andacopyofthecontracthaseither beenpreviouslyprovidedtoSelleroraccompaniesthisoffer. (Buyermaymarkoutanyconfidentialinformation,suchasthepurchase priceandthebuyer'sidentity,priortoprovidingacopyofthecontracttoSeller.) Failuretoprovideacopyofthecontractshallnot preventthisofferfrombecomingabindingcontract;however,SELLERISSTRONGLYENCOURAGEDTOOBTAINAND REVIEWTHECONTRACTONBUYER'SPROPERTYPRIORTOACCEPTINGTHISOFFER.
(Checkifapplicable)Buyer'sotherpropertyISNOTundercontractasofthedateofthisoffer.Buyer'sproperty(checkonly ONEofthefollowingoptions): islistedwithandactivelymarketedbyalicensedrealestatebroker. willbelistedwithandactivelymarketedbyalicensedrealestatebroker. Buyerisattemptingtosell/leasetheBuyer'sPropertywithouttheassistanceofalicensedrealestatebroker.
NOTE: ThisContractisNOTconditioneduponthesale/leaseorclosingofBuyer'sotherproperty.Ifthepartiesagreetomakethis Contractconditionedonasale/leaseorclosingofBuyer'sotherproperty,anappropriatecontingencyaddendumshouldbedrafted byaNorthCarolinarealestateattorneyandaddedtothisContract.
(c) PerformanceofBuyer'sFinancialObligations: TothebestofBuyer'sknowledge,therearenoothercircumstancesor conditionsexistingasofthedateofthisofferthatwouldprohibitBuyerfromperformingBuyer'sfinancialobligationsinaccordance withthisContract,exceptasmaybespecificallysetforthherein.
(d) ResidentialPropertyandOwners'AssociationDisclosureStatement (checkonlyone):
BuyerhasreceivedasignedcopyoftheN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementpriortomaking thisofferandacknowledgescompliancewithN.C.G.S.47E-5(ResidentialPropertyDisclosureAct).
BuyerhasNOTreceivedasignedcopyoftheN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementpriorto makingthisofferandshallhavetherighttoterminateorwithdrawthisContractwithoutpenalty(includingarefundofanyDue DiligenceFee)priortoWHICHEVEROFTHEFOLLOWINGEVENTSOCCURSFIRST:(1)theendofthethirdcalendarday followingreceiptoftheDisclosureStatement;(2)theendofthethirdcalendardayfollowingtheEffectiveDate;or(3)Settlement oroccupancybyBuyerinthecaseofasaleorexchange.
ExemptfromN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementbecause(SEE GUIDELINES):
.
(e) MineralandOilandGasRightsMandatoryDisclosureStatement (checkonlyone):
BuyerhasreceivedasignedcopyoftheN.C.MineralandOilandGasRightsMandatoryDisclosureStatementpriortomaking thisofferandacknowledgescompliancewithN.C.G.S.47E-5(ResidentialPropertyDisclosureAct).
BuyerhasNOTreceivedasignedcopyoftheN.C.MineralandOilandGasRightsMandatoryDisclosureStatementpriorto makingthisofferandshallhavetherighttoterminateorwithdrawthisContractwithoutpenalty(includingarefundofanyDue DiligenceFee)priortoWHICHEVEROFTHEFOLLOWINGEVENTSOCCURSFIRST:(1)theendofthethirdcalendarday followingreceiptoftheDisclosureStatement;(2)theendofthethirdcalendardayfollowingtheEffectiveDate;or(3)Settlement oroccupancybyBuyerinthecaseofasaleorexchange.
ExemptfromN.C.MineralandOilandGasRightsMandatoryDisclosureStatementbecause(SEEGUIDELINES):
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Buyer'sreceiptofaMineralandOilandGasRightsMandatoryDisclosureStatementdoesnotmodifyorlimittheobligationsof SellerunderParagraph8(g)ofthisContractandshallnotconstitutetheassumptionorapprovalbyBuyerofanyseveranceofmineral and/oroilandgasrights,exceptasmaybeassumedorspecificallyapprovedbyBuyerinwriting.
NOTE: ThepartiesareadvisedtoconsultwithaNCattorneypriortosigningthisContractifseveranceofmineraland/oroiland gasrightshasoccurred.
(a) ResponsibilityforSpecialAssessments: BuyershalltaketitlesubjecttoallSpecialAssessmentsthatmaybeapprovedfollowing Settlement.
(b) ResponsibilityforCertainCosts: Buyershallberesponsibleforallcostswithrespectto:
(i)anyloanobtainedbyBuyer;
(ii)chargesbyanowners'associationoramanagementcompany/vendorasagentoftheassociationunderparagraph9(b)of thisContract;
(iii)appraisal;
(iv)titlesearch;
(v)titleinsurance;
(vi)anyfeeschargedbytheclosingattorneyforthepreparationoftheClosingDisclosure,SellerDisclosureandanyother settlementstatement;
(vii)recordingthedeed;and
(viii)preparationandrecordingofallinstrumentsrequiredtosecurethebalanceofthePurchasePriceunpaidatSettlement.
(c) AuthorizationtoDiscloseInformation: BuyerauthorizestheBuyer'slender(s),theparties'realestateagent(s)andclosing attorney:(1)toprovidethisContracttoanyappraiseremployedbyBuyerorbyBuyer'slender(s);and(2)toreleaseanddisclose anybuyer'sclosingdisclosure,settlementstatementand/ordisbursementsummary,oranyinformationtherein,tothepartiestothis transaction,theirrealestateagent(s)andBuyer'slender(s).
7. SELLERREPRESENTATIONS:
(a) Ownership: SellerrepresentsthatSeller: hasownedthePropertyforatleastoneyear. hasownedthePropertyforlessthanoneyear. doesnotyetowntheProperty.
(b) Lead-BasedPaint (checkifapplicable): ThePropertyisresidentialandwasbuiltpriorto1978(AttachLead-BasedPaintorLead-BasedPaintHazardsDisclosure Addendum{StandardForm2A9-T}).
WARNING:IFALEAD-BASEDPAINTDISCLOSUREISREQUIREDBUTNOTGIVENTOBUYERPRIORTO SELLER'SACCEPTANCEOFTHISOFFER,BUYERMAYNOTBEOBLIGATEDTOPURCHASETHE PROPERTYUNDERTHISCONTRACTUNDERFEDERALLAW.
(c) Owners'Association(s)andDues: Sellerauthorizesanddirectsanyowners'association,anymanagementcompanyofthe owners'association,anyinsurancecompanyandanyattorneywhohaspreviouslyrepresentedtheSellertoreleasetoBuyer,Buyer's agents,representative,closingattorneyorlendertrueandaccuratecopiesofthefollowingitemsaffectingtheProperty,including anyamendments:
● Seller'sstatementofaccount
● masterinsurancepolicyshowingthecoverageprovidedandthedeductibleamount
● DeclarationandRestrictiveCovenants
● RulesandRegulations
● ArticlesofIncorporation
● Bylawsoftheowners'association
● currentfinancialstatementandbudgetoftheowners'association
● parkingrestrictionsandinformation
● architecturalguidelines
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(specifynameofassociation): whoseregular assessments(“dues”)are$ per .Thename,addressandtelephonenumberofthepresidentofthe owners'associationortheassociationmanageris: .
Owners'associationwebsiteaddress,ifany:
(specifynameofassociation): whoseregular assessments(“dues”)are$ per .Thename,addressandtelephonenumberofthepresident oftheowners'associationortheassociationmanageris:
Owners'associationwebsiteaddress,ifany:
(d) FuelTank(s)/Fuel: TothebestofSeller'sknowledge,thereisisnotafueltank(s)locatedontheProperty. If“yes” completethefollowing:
(i) Description:
Tank1:
● Use:currentlyinusecurrentlyNOTinuse
● Ownership:ownedleased.Ifleased,nameandcontactinformationoftanklessor:
● Location:abovegroundbelowground
● Typeoffuel:oilpropanegasolineand/ordieselother:
● Nameandcontactinformationoffuelvendor:
Tank2:
● Use:currentlyinusecurrentlyNOTinuse
● Ownership:ownedleased.Ifleased,nameandcontactinformationoftanklessor:
● Location:abovegroundbelowground
● Typeoffuel:oilpropanegasolineand/ordieselother:
● Nameandcontactinformationoffuelvendor:
(ii) Tank(s)includedinsale: BuyerandSelleragreethatanytankdescribedabovethatisownedbySellershallbeincluded inthesaleaspartofthePurchasePricefreeofliens,unlessexcludedinparagraph2(e)above.
(iii) Fuel: Sellermayusefuelinthetank(s)describedabovethroughSettlement,butmaynototherwiseremovethefuelor resellit.Anyfuelremaininginthetank(s)asofSettlementshallbeincludedinthesaleaspartofthePurchasePrice,freeof liens.
● Seller'suseoffuelinanyfueltankissubjecttoSeller'sobligationunderParagraph8(c)toprovideworking, existingutilitiesthroughtheearlierofClosingorpossessionbyBuyer.
NOTE: Buyershallbeentitledtoconductinspectionstoconfirmtheexistence,typeandownershipofanyfueltanklocated ontheProperty.BuyerisadvisedtoconsultwiththeownerofanyleasedfueltankregardingthetermsunderwhichBuyer mayleasethetankandobtainfuel.
NOTE: Statelawprovidesthatitisunlawfulforanyperson,otherthanthesupplierortheownerofafuelsupplytank,to disconnect,interruptorfillthesupplytankwithliquefiedpetroleumgas(LPgasorpropane)withouttheconsentofthe supplier.
(e) Leases.ThePropertyisisnotsubjecttoanylease(s).IfthePropertyissubjecttoalease,BuyerandSellershouldinclude eithertheRental/Income/InvestmentPropertyprovisionintheAdditionalProvisionsAddendum(StandardForm2A11-T)orthe VacationRentalAddendum(Form2A13-T)withthisoffer.
8. SELLEROBLIGATIONS:
(a) EvidenceofTitle,PayoffStatement(s)andNonForeignStatus:
(i)SelleragreestousebesteffortstoprovidetotheclosingattorneyassoonasreasonablypossibleaftertheEffectiveDate, copiesofalltitleinformationinpossessionoforavailabletoSeller,includingbutnotlimitedto:titleinsurancepolicies, attorney'sopinionsontitle,surveys,covenants,deeds,notesanddeedsoftrust,leases,andeasementsrelatingtotheProperty.
(ii)Sellershallprovidetotheclosingattorneyallinformationneededtoobtainawrittenpayoffstatementfromanylender(s) regardinganysecurityinterestinthePropertyassoonasreasonablypossibleaftertheEffectiveDate,andSellerdesignatesthe closingattorneyasSeller'sagentwithexpressauthoritytorequestandobtainonSeller'sbehalfpayoffstatementsand/orshortpaystatementsfromanysuchlender(s).
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(iii)AssoonasreasonablypossibleaftertheEffectiveDate,Sellershallprovidetotheclosingattorneyallinformationneeded toobtainawrittenstatementofSeller'saccountfromanyowners'associationorHOAmanagementcompanyassociatedwith theProperty.SellerdesignatestheclosingattorneyasSeller'sagentwithexpressauthoritytorequestandobtainonSeller's behalfawrittenstatementofSeller'saccountastotheProperty.Uponrequestfromtheclosingattorney,Sellershall immediatelypayanyfeeschargedbytheowners'associationorHOAmanagementcompanyforsuchwrittenstatement.
(iv)IfSellerisnotaforeignpersonasdefinedbytheForeignInvestmentinRealPropertyTaxAct,Sellershallalsoprovideto theclosingattorneyanon-foreignstatuscertification(pursuanttotheForeignInvestmentinRealPropertyTaxAct).Inthe eventSellerdoesnotprovideanon-foreignstatuscertification,Selleracknowledgesthattheremaybewithholdingasprovided bytheInternalRevenueCode.
(b) AuthorizationtoDiscloseInformation: Sellerauthorizes:(i)anyattorneypresentlyorpreviouslyrepresentingSellertorelease anddiscloseanytitleinsurancepolicyinsuchattorney'sfiletoBuyerandbothBuyer'sandSeller'sagentsandattorneys;(ii)the Property'stitleinsureroritsagenttoreleaseanddiscloseallmaterialsintheProperty'stitleinsurer's(ortitleinsurer'sagent's)fileto BuyerandbothBuyer'sandSeller'sagentsandattorneysand(iii)theclosingattorneytoreleaseanddiscloseanyseller'sclosing disclosure,settlementstatementand/ordisbursementsummary,oranyinformationtherein,tothepartiestothistransaction,theirreal estateagent(s)andBuyer'slender(s).
(c) AccesstoProperty: SellershallprovidereasonableaccesstothePropertythroughtheearlierofClosingorpossessionbyBuyer, including,butnotlimitedto,allowingBuyerand/orBuyer'sagentsorrepresentatives,anopportunityto:(i)conductanyDue Diligence,investigations,orinspections;(ii)verifythesatisfactorycompletionofnegotiatedrepairs/improvements;and(iii)conduct afinalwalk-throughinspectionoftheProperty.Seller'sobligationincludesprovidingexistingutilitiesoperatingatSeller'scost, includinganyconnectionsandde-winterizing.
NOTE: SeeWARNINGinparagraph4aboveforlimitationonBuyer'srighttoterminatethisContractasaresultofBuyer's continuedinvestigationofthePropertyfollowingtheexpirationoftheDueDiligencePeriod.
(d) RemovalofSeller'sProperty: Sellershallremove,bythedatepossessionismadeavailabletoBuyer,allpersonalproperty whichisnotapartofthepurchaseandallgarbageanddebrisfromtheProperty.
(e) AffidavitandIndemnificationAgreement: SellershallfurnishatSettlementanaffidavit(s)andindemnificationagreement(s) informsatisfactorytoBuyerandBuyer'stitleinsurer,ifany,executedbySellerandanypersonorentitywhohasperformedor furnishedlabor,services,materialsorrentalequipmenttothePropertywithin120dayspriortothedateofSettlementandwhomay beentitledtoclaimalienagainstthePropertyasdescribedinN.C.G.S.§44A-8verifyingthateachsuchpersonorentityhasbeen paidinfullandagreeingtoindemnifyBuyer,Buyer'slender(s)andBuyer'stitleinsureragainstalllossfromanycauseorclaim arisingtherefrom.
(f) DesignationofLienAgent,PaymentandSatisfactionofLiens: IfrequiredbyN.C.G.S.§44A-11.1,Sellershallhavedesignated aLienAgent,andSellershalldelivertoBuyerassoonasreasonablypossibleacopyoftheappointmentofLienAgent.Alldeedsof trust,deferredadvaloremtaxes,liensandotherchargesagainsttheProperty,notassumedbyBuyer,mustbepaidandsatisfiedby SellerpriortooratSettlementsuchthatcancellationmaybepromptlyobtainedfollowingClosing.Sellershallremainobligatedto obtainanysuchcancellationsfollowingClosing.
(g) GoodTitle,LegalAccess: SellershallexecuteanddeliveraGENERALWARRANTYDEEDforthePropertyinrecordable formnolaterthanSettlement,whichshallconveyfeesimplemarketableandinsurabletitle,withoutexceptionformechanics'liens, lispendens,monetaryliensandjudgments,andfreeofotherencumbrancesordefectsthatwouldmateriallyaffectthevalueofthe Property,includingthosewhichwouldberevealedbyacurrentandaccuratesurveyoftheProperty,except:(1)advaloremtaxesfor thecurrentyear;(2)utilityeasementsandunviolatedcovenants,conditionsorrestrictions;and(3)suchotherliens,encumbrances ordefectsasmaybespecificallyapprovedbyBuyerinwriting.ThePropertymusthavelegalaccesstoapublicrightofway.
NOTE: Buyer'sfailuretoconductasurveyorexaminetitleoftheProperty,priortotheexpirationoftheDueDiligencePeriod doesnotrelievetheSelleroftheirobligationtodelivergoodtitleunderthisparagraph.
NOTE: IfanysaleofthePropertymaybea“shortsale,”considerationshouldbegiventoattachingaShortSaleAddendum (StandardForm2A14-T)asanaddendumtothisContract.
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(h) GovernmentalCompliance: ItisaconditionofthisContractthatthePropertybeconveyedfreeofanymaterialviolationof law,ordinance,permit,orgovernmentregulation(including,butnotlimitedto,thoserelatingtobuilding,stormwater,impervious surface,environmentalprotection,andzoning),unlessSellerhasspecificallydisclosedsuchviolation(s)priortotheEffectiveDate. IfBuyerestablishesthataviolationexistsaftertheEffectiveDateandpriortoClosing,thenBuyermustpromptlynotifySellerand Sellermaycuretheviolation(s).Unlessotherwiseagreed,ifSellerdoesnotcuretheviolation(s)priortoClosing,thenBuyermay choosetoaccepttheviolation(s)andproceedtoSettlement/ClosingorterminatethisContractandreceivearefundoftheEarnest MoneyDepositandtheDueDiligenceFee.
(i) Deed,TaxesandFees: SellershallpayforpreparationofadeedandallotherdocumentsnecessarytoperformSeller'sobligations underthisContract,andforstateandcountyexcisetaxes,andanydeferred,discountedorrollbacktaxes,andlocalconveyancefees requiredbylaw.Thedeedistobemadeto:(i)Buyer;(ii)acorporation,limitedliabilitycompany,orotherbusinessentityofwhich Buyeristhesoleownerorshareholder;(iii)atrustforwhichBuyeristhebeneficiary;(iv)anyrelativeofBuyer;and/or(v)Other: (InsertName(s)Only)
(j) AgreementtoPayBuyerExpenses: SellershallpayatSettlement$ towardanyofBuyer's expensesassociatedwiththepurchaseoftheProperty,atthediscretionofBuyerand/orlender,ifany,includinganyFHA/VAlender andinspectioncoststhatBuyerisnotpermittedtopay.
NOTE: PartiesshouldreviewtheFHA/VAAddendumpriortoenteringanamountinParagraph8(j).CertainFHA/VAlender andinspectioncostsCANNOTbepaidbyBuyeratSettlementandtheamountoftheseshouldbeincludedintheblankabove.
(k) Owners'AssociationFees/Charges: Sellershallpayanychargesbyanowners'associationoramanagementcompany/vendor asagentoftheassociationunderparagraph9(a)ofthisContract.
(l) PaymentofSpecialAssessments: Sellershallpay,infullatSettlement,allSpecialAssessmentsthatareapprovedpriorto Settlement,whetherpayableinalumpsumorfutureinstallments,providedthattheamountthereofcanbereasonablydeterminedor estimated.ThepaymentofsuchestimatedamountshallbethefinalpaymentbetweentheParties.
(m) LateListingPenalties: Allpropertytaxlatelistingpenalties,ifany,shallbepaidbySeller.
(n) NegotiatedRepairs/Improvements: Negotiatedrepairs/improvementsshallbemadeinagoodandworkmanlikemannerand BuyershallhavetherighttoverifysamepriortoSettlement.
(o) HomeWarranty (Selectoneofthefollowing): NohomewarrantyistobeprovidedbySeller.
Buyermayobtainaone-yearhomewarrantyatacostnottoexceed$ whichincludessalestaxandSeller agreestopayforitatSettlement.
Sellerhasobtainedandwillprovideaone-yearhomewarrantyfrom atacostof$ whichincludessalestaxandwillpayforitatSettlement.
NOTE: Homewarrantiestypicallyhavelimitationsonandconditionstocoverage.Referspecificquestionstothehome warrantycompany.
(p) Seller'sBreachofContract: Seeparagraph23forBuyer'sremediesintheeventofbreachofthisContract.
9. CHARGESBYOWNERS'ASSOCIATION: Responsibilityforpaymentofchargesbyanowners'associationoramanagement company/vendorasagentoftheassociationshallbeallocatedbetweenBuyerandSellerasfollows:
(a) Sellershallpay:
(i)feesincurredbySellerincompletingtheResidentialPropertyandOwners'AssociationDisclosureStatement,andresaleor othercertificatesrelatedtoaproposedsaleoftheProperty;
(ii)feesrequiredforconfirmingSeller'saccountpaymentinformationonowners'associationduesorassessmentsforpayment orproration,includinganyexpeditefeepermittedunderN.C.Gen.Stat.§47F-3-102thatischargedinconnectionwithproviding suchinformation;
(iii)anyfeeschargedfortransferringorupdatingownershiprecordsoftheassociation;and (iv)anyfeesotherthanthosefeesspecificallyrequiredtobepaidbyBuyerunderparagraph9(b)below.
(b) Buyershallpay:
(i)chargesforprovidinginformationrequiredbyBuyer'slender;
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Buyer'sinitials Seller'sinitials ©7/2024
(ii)chargesforworkingcapitalcontributions,membershipfees,orchargesimposedforBuyer'suseofthecommonelements and/orservicesprovidedtoBuyerinconnectionwithBuyertakingpossessionoftheProperty,suchas“move-infees”;and (iii)chargesfordeterminingrestrictivecovenantcompliance.
Unlessotherwiseagreed,thefollowingitemsshallbeprorated,withSellerresponsible fortheproratedamountsofanytaxesandduesthroughthedateofSettlement,andSellerentitledtotheamountofproratedrentsthrough thedateofSettlement,andeitheradjustedbetweenthepartiesorpaidatSettlement:
(a) TaxesonRealProperty: Advaloremtaxesandrecurringgovernmentalservicefeesleviedwithsuchtaxesonrealpropertyshall beproratedonacalendaryearbasis;
(b) TaxesonPersonalProperty: AdvaloremtaxesonpersonalpropertyfortheentireyearshallbepaidbySellerunlessthepersonal propertyisconveyedtoBuyer,inwhichcase,thepersonalpropertytaxesshallbeproratedonacalendaryearbasis;
(c) Rents: Rents,ifany,fortheProperty;
(d) Dues: Owners'associationregularassessments(dues)andotherlikecharges.
11. CONDITIONOFPROPERTY/RISKOFLOSS:
(a) ConditionofPropertyatSettlement: IfthePropertyisnotinsubstantiallythesameorbetterconditionatClosingasonthe dateofthisoffer,reasonablewearandtearexcepted,BuyermayterminatethisContractbywrittennoticedeliveredtoSellerand theDueDiligenceFeeandEarnestMoneyDepositshallberefundedtoBuyer.IfthePropertyisnotinsuchconditionandBuyer doesNOTelecttoterminatethisContract,Buyershallbeentitledtoreceive,inadditiontotheProperty,theproceedsofany insuranceclaimfiledbySelleronaccountofanydamageordestructiontotheProperty.
(b) RiskofLoss: TheriskoflossordamagebyfireorothercasualtypriortoClosingshallbeuponSeller.Sellerisadvisednotto cancelexistinginsuranceonthePropertyuntilafterconfirmingrecordationofthedeed.
12. DELAYINSETTLEMENT/CLOSING: Thisparagraphshallapplyifonepartyisready,willingandabletocompleteSettlement ontheSettlementDate(“Non-DelayingParty”)butitisnotpossiblefortheotherpartytocompleteSettlementbytheSettlementDate (“DelayingParty”).Insuchevent,theDelayingPartyshallbeentitledtoadelayinSettlementandshallgiveasmuchnoticeaspossible totheNon-DelayingPartyandclosingattorney.IftheDelayingPartyfailstocompleteSettlementandClosingwithinseven(7)daysof theSettlementDate(includinganyamendedSettlementDateagreedtoinwritingbytheparties),thentheDelayingPartyshallbein breachandtheNon-DelayingPartymayterminatethisContractandshallbeentitledtoenforceanyremediesavailabletosuchparty underthisContractforthebreach.
13. POSSESSION: Possession,includingallmeansofaccesstothePropertyandtransferableamenitiesandservices(keysincluding mailboxkeys,codesincludingsecuritycodes,garagedooropeners,electronicdevices,etc.),shallbedelivereduponClosingasdefined inParagraph1(m)unlessotherwiseprovidedbelow:
ABuyerPossessionBeforeClosingAgreementisattached(StandardForm2A7-T)
ASellerPossessionAfterClosingAgreementisattached(StandardForm2A8-T)
Possessionissubjecttorightsoftenant(s)(PartiesshouldattacheitherAdditionalProvisionsAddendum(Form2A11-T)or VacationRentalAddendum(Form2A13-T))
14. ADDENDA: CHECKALLSTANDARDADDENDATHATMAYBEAPARTOFTHISCONTRACT,IFANY,ANDATTACH HERETO.ITEMIZEALLOTHERADDENDATOTHISCONTRACT,IFANY,ANDATTACHHERETO.
AdditionalProvisionsAddendum(Form2A11-T)
AdditionalSignaturesAddendum(Form3-T) Back-UpContractAddendum(Form2A1-T) FHA/VAFinancingAddendum(Form2A4-T) Lead-BasedPaintOrLead-BasedPaintHazardAddendum(Form2A9-T) LoanAssumptionAddendum(Form2A6-T)
Identifyotherattorneyorpartydraftedaddenda:
NewConstructionAddendum(Form2A3-T) Owners'AssociationDisclosureAddendum (Form2A12-T)
SellerFinancingAddendum(Form2A5-T) ShortSaleAddendum(Form2A14-T) VacationRentalAddendum(Form2A13-T)
NOTE: UNDERNORTHCAROLINALAW,REALESTATEBROKERSARENOTPERMITTEDTODRAFTADDENDA TOTHISCONTRACT.
15. ASSIGNMENTS: ThisContractmaynotbeassignedwithoutthewrittenconsentofallpartiesexceptinconnectionwithataxdeferredexchange,butifassignedbyagreement,thenthisContractshallbebindingontheassigneeandassignee'sheirsandsuccessors.
16. TAX-DEFERREDEXCHANGE: IntheeventBuyerorSellerdesirestoeffectatax-deferredexchangeinconnectionwiththe conveyanceoftheProperty,BuyerandSelleragreetocooperateineffectingsuchexchange;provided,however,thattheexchanging
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Buyer'sinitials Seller'sinitials ©7/2024
partyshallberesponsibleforalladditionalcostsassociatedwithsuchexchange,andprovidedfurther,thatanon-exchangingpartyshall notassumeanyadditionalliabilitywithrespecttosuchtax-deferredexchange.BuyerandSellershallexecutesuchadditionaldocuments, includingassignmentofthisContractinconnectiontherewith,atnocosttothenon-exchangingparty,asshallberequiredtogiveeffect tothisprovision.
17. PARTIES: ThisContractshallbebindinguponandshallinuretothebenefitofBuyerandSellerandtheirrespectiveheirs, successorsandassigns.Asusedherein,wordsinthesingularincludethepluralandthemasculineincludesthefeminineandneuter genders,asappropriate.
18. SURVIVAL: Ifanyprovisionhereincontainedwhichbyitsnatureandeffectisrequiredtobeobserved,keptorperformedafter theClosing,itshallsurvivetheClosingandremainbindinguponandforthebenefitofthepartiesheretountilfullyobserved,keptor performed.
19. ENTIREAGREEMENT/RECORDATION: ThisContractcontainstheentireagreementofthepartiesandthereareno representations,inducementsorotherprovisionsotherthanthoseexpressedherein.Allchanges,additionsordeletionsheretomustbe inwritingandsignedbyallparties.NothingcontainedhereinshallalteranyagreementbetweenaREALTOR®orbrokerandSelleror Buyerascontainedinanylistingagreement,buyeragencyagreement,oranyotheragencyagreementbetweenthem.ThisAgreement oranymemorandumthereofshallnotberecordedwithouttheexpresswrittenconsentofBuyerandSeller.
20. CONDUCTOFTRANSACTION: Thepartiesagreethatanyactionbetweenthemrelatingtothetransactioncontemplatedbythis Contractmaybeconductedbyelectronicmeans,includingthesigningofthisContractbyoneormoreofthemandanynoticeor communicationgiveninconnectionwiththisContract.Anywrittennoticeorcommunicationmaybetransmittedtoanymailingaddress, e-mailaddressorfaxnumbersetforthinthe“NoticeInformation”sectionbelow.Anynoticeorcommunicationtobegiventoaparty herein,andanyfee,depositorotherpaymenttobedeliveredtoapartyherein,maybegiventothepartyortosuchparty'sagent. Deliveryofanynoticetoapartyviameansofelectronictransmissionshallbedeemedcompleteatsuchtimeasthesenderperformsthe finalacttosendsuchtransmission,inaformcapableofbeingprocessedbythereceivingparty'ssystem,toanyelectronicaddress providedforsuchpartyinthe“NoticeInformation”sectionbelow.SellerandBuyeragreethatthe“NoticeInformation”and “AcknowledgmentofReceiptofMonies”sectionsbelowshallnotconstituteamaterialpartofthisContract,andthattheadditionor modificationofanyinformationthereinshallnotconstitutearejectionofanofferorthecreationofacounteroffer.
21. EXECUTION: ThisContractmaybesignedinmultipleoriginalsorcounterparts,allofwhichtogetherconstituteoneandthesame instrument.
22. COMPUTATIONOFDAYS/TIMEOFDAY: Unlessotherwiseprovided,forpurposesofthisContract,theterm"days"shall meanconsecutivecalendardays,includingSaturdays,Sundays,andholidays,whetherfederal,state,localorreligious.Forthepurposes ofcalculatingdays,thecountof"days"shallbeginonthedayfollowingthedayuponwhichanyactornoticeasprovidedinthisContract wasrequiredtobeperformedormade.Anyreferencetoadateortimeofdayshallrefertothedateand/ortimeofdayintheStateof NorthCarolina.
23. REMEDIES:
(a) BreachbyBuyer: IntheeventofmaterialbreachofthisContractbyBuyer,SellershallbeentitledtoanyEarnestMoneyDeposit. ThepaymentofanyEarnestMoneyDepositandanyDueDiligenceFeetoSeller(withoutregardtotheirrespectiveamounts, includingzero)togethershallserveasliquidateddamages(“LiquidatedDamages”)andasSeller'ssoleandexclusiveremedyfor suchbreach,providedthatsuchLiquidatedDamagesshallnotlimitSeller'srightsunderParagraphs4(e)and4(f)fordamagetothe PropertyaswellasSeller'srightsunderparagraph1(d)fordishonoredfunds.Itisacknowledgedbythepartiesthattheamountof theLiquidatedDamagesiscompensatoryandnotpunitive,suchamountbeingareasonableestimationoftheactuallossthatSeller wouldincurasaresultofabreachofthisContractbyBuyer.ThepaymenttoSelleroftheLiquidatedDamagesshallnotconstitute apenaltyorforfeiturebutactualcompensationforSeller'santicipatedloss,bothpartiesacknowledgingthedifficultyofdetermining Seller'sactualdamagesforsuchbreach.
(b) BreachbySeller: IntheeventofmaterialbreachofthisContractbySeller,Buyermay(i)electtoterminatethisContractasa resultofsuchbreach,andshallbeentitledtoreturnofboththeEarnestMoneyDepositandtheDueDiligenceFee,togetherwiththe reasonablecostsactuallyincurredbyBuyerinconnectionwithBuyer'sDueDiligence(“DueDiligenceCosts”),or(ii)electnotto terminateandinsteadtreatthisContractasremaininginfullforceandeffectandseektheremedyofspecificperformance.
(c) Attorneys'Fees: IflegalproceedingsarebroughtbyBuyerorSelleragainsttheothertocollecttheEarnestMoneyDeposit,Due DiligenceFee,orDueDiligenceCosts,thepartiesagreethatapartyshallbeentitledtorecoverreasonableattorneys'feestothe extentpermittedunderN.C.Gen.Stat.§6-21.2,andifapplicable,N.C.Gen.Stat.§6-21.3fordishonoredfunds.Theparties acknowledgeandagreethatthetermsofthisContractwithrespecttoentitlementtotheEarnestMoneyDeposit,DueDiligenceFee, orDueDiligenceCostseachconstitutean“evidenceofindebtedness”pursuanttoN.C.Gen.Stat.§6-21.2.
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Revised7/2024 Buyer'sinitials Seller'sinitials ©7/2024
NOTE: Apartyseekingrecoveryofattorneys'feesunderN.C.Gen.Stat.§6-21.2mustfirstgivewrittennoticetotheotherparty thattheyhavefive(5)daysfromthemailingofthenoticetopaytheoutstandingamount(s)withouttheattorneys'fees.
THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.ANDTHENORTHCAROLINABARASSOCIATIONMAKE NOREPRESENTATIONASTOTHELEGALVALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMINANY SPECIFICTRANSACTION.IFYOUDONOTUNDERSTANDTHISFORMORFEELTHATITDOESNOTPROVIDEFOR YOURLEGALNEEDS,YOUSHOULDCONSULTANORTHCAROLINAREALESTATEATTORNEYBEFOREYOUSIGN IT.
ThisoffershallbecomeabindingcontractontheEffectiveDate.Unlessspecificallyprovidedotherwise,Buyer'sfailuretotimely deliveranyfee,depositorotherpaymentprovidedforhereinshallnotpreventthisofferfrombecomingabindingcontract, providedthatanysuchfailureshallgiveSellercertainrightstoterminatethecontractasdescribedhereinorasotherwise permittedbylaw.
Date: Buyer
Date:
Buyer
EntityBuyer:
(NameofLLC/Corporation/Partnership/Trust/etc.)
By:
Name: PrintName
Title: Date:
TOBUYERS:BEFORESENDINGANYWIRE,YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICETO VERIFYTHEINSTRUCTIONS.IFYOURECEIVEWIRINGINSTRUCTIONSFORADIFFERENTBANK,BRANCH LOCATION,ACCOUNTNAMEORACCOUNTNUMBER,THEYSHOULDBEPRESUMEDFRAUDULENT.DONOT SENDANYFUNDSANDCONTACTTHECLOSINGATTORNEY'SOFFICEIMMEDIATELY.
TOSELLERS:IFYOURPROCEEDSWILLBEWIRED,ITISRECOMMENDEDTHATYOUPROVIDEWIRING INSTRUCTIONSATCLOSINGINWRITINGINTHEPRESENCEOFTHEATTORNEY.IFYOUAREUNABLETO ATTENDCLOSING,YOUMAYBEREQUIREDTOSENDANORIGINALNOTARIZEDDIRECTIVETOTHECLOSING ATTORNEY'SOFFICECONTAININGTHEWIRINGINSTRUCTIONS.THISMAYBESENTWITHTHEDEED,LIEN WAIVERANDTAXFORMSIFTHOSEDOCUMENTSAREBEINGPREPAREDFORYOUBYTHECLOSING ATTORNEY.ATAMINIMUM,YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICETOPROVIDETHEWIRE INSTRUCTIONS.THEWIREINSTRUCTIONSSHOULDBEVERIFIEDOVERTHETELEPHONEVIAACALLTOYOU INITIATEDBYTHECLOSINGATTORNEY'SOFFICETOENSURETHATTHEYARENOTFROMAFRAUDULENT SOURCE.
WHETHERYOUAREABUYERORASELLER,YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICEATA NUMBERTHATISINDEPENDENTLYOBTAINED.TOENSURETHATYOURCONTACTISLEGITIMATE,YOU SHOULDNOTRELYONAPHONENUMBERINANEMAILFROMTHECLOSINGATTORNEY'SOFFICE,YOUR REALESTATEAGENTORANYONEELSE.
Buyer'sinitials Seller'sinitials
Page 15 of 17
NOTE: INSERTATLEASTONEADDRESSAND/ORELECTRONICDELIVERYADDRESSEACHPARTYANDAGENT APPROVESFORTHERECEIPTOFANYNOTICECONTEMPLATEDBYTHISCONTRACT.INSERT“N/A”FORANY WHICHARENOTAPPROVED.
BUYERNOTICEADDRESS:
MailingAddress:
BuyerFax#:
BuyerE-mail:
SELLERNOTICEADDRESS:
MailingAddress:
SellerFax#:
SellerE-mail:
SellingFirmName:
Actingas Buyer'sAgent Seller's(sub)Agent DualAgent FirmLicense#: MailingAddress:
IndividualSellingAgent: ActingasaDesignatedDualAgent(checkonlyifapplicable)
SellingAgentLicense#:
SellingAgentPhone#:
SellingAgentFax#:
SellingAgentE-mail:
ListingFirmName: ActingasSeller'sAgentDualAgent FirmLicense#: MailingAddress:
IndividualListingAgent: ActingasaDesignatedDualAgent(checkonlyifapplicable)
ListingAgentLicense#:
ListingAgentPhone#:
ListingAgentFax#:
ListingAgentE-mail:
ACKNOWLEDGMENTOFRECEIPTOFMONIES
Seller: ("Seller")
Buyer: ("Buyer")
PropertyAddress: ("Property")
LISTINGAGENTACKNOWLEDGMENTOFRECEIPTOFDUEDILIGENCEFEE
Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepaymentto SellerofaDueDiligenceFeeintheamountof$ ,receiptofwhichListingAgentherebyacknowledges.
Date:Firm:
By: (Signature) (Printname)
SELLERACKNOWLEDGMENTOFRECEIPTOFDUEDILIGENCEFEE
Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepaymentto SellerofaDueDiligenceFeeintheamountof$ ,receiptofwhichSellerherebyacknowledges.
Date:Seller: (Signature)
Date:Seller: (Signature)
ESCROWAGENTACKNOWLEDGMENTOFRECEIPTOFINITIALEARNESTMONEYDEPOSIT
Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepayment toEscrowAgentofanInitialEarnestMoneyDepositintheamountof$ .EscrowAgentasidentifiedinParagraph1(f) oftheOffertoPurchaseandContractherebyacknowledgesreceiptoftheInitialEarnestMoneyDepositandagreestoholdanddisburse thesameinaccordancewiththetermsoftheOffertoPurchaseandContract.
Date:Firm: By: (Signature) (Printname)
ESCROWAGENTACKNOWLEDGMENTOFRECEIPTOF(ADDITIONAL)EARNESTMONEYDEPOSIT
Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepaymentto EscrowAgentofan(Additional)EarnestMoneyDepositintheamountof$ .EscrowAgentasidentifiedinParagraph 1(f)oftheOffertoPurchaseandContractherebyacknowledgesreceiptofthe(Additional)EarnestMoneyDepositandagreestohold anddisbursethesameinaccordancewiththetermsoftheOffertoPurchaseandContract.
Date:Firm:
Time: AMPMBy: (Signature) (Printname)
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NOTE: TheseguidelinesareprovidedtoassistSellerinfulfillingtheirobligationsundertheOffertoPurchaseandContract(Form 2-T).UnderForm2-T,thePropertymustbedeliveredtoBuyerinsubstantiallythesameorbetterconditionatClosingaswhenthe offerwasmade.IfSellerisunsureaboutanyofthefollowingobligations,Sellershouldimmediatelyconsulttheiragent.IfSeller andBuyerexecutedanagreementforBuyer'spossessionpriortoClosing,orSeller'spossessionafterClosing,theresponsibilities belowmaybesignificantlyaltered,andanypossessionagreementsmustbeconsultedandfollowedinsteadoftheseguidelines.
Leaveallutilitieson,includingwater,sewer,electricity,andgasasapplicable,throughClosing.See¶8(c)inForm2-T.Notethat closingmaybedelayeduptosevendays,andutilitiesmustalsobeonthroughanydelayofClosing. Maintainthelawn,pool,andanyexteriorlandscapingthroughClosing. DonotterminateinsurancecoverageuntilClosingiscomplete,includingtherecordingofthedeed.
Unpairanydevicesthatconvey(doorbells,thermostats,cameras,hubs,intelligentvirtualassistants,mobiledevices,vehicles, etc.)fromanyonlineormobilecontrolsandaccounts.Sellershouldalsodeletepersonaldatafromanydevicesthatconveyand restorealldevicestofactorysetting.See¶2(c)inForm2-T. RemoveanyfixturesthatwereexemptedontheContract.See¶¶2(d)-(e)inForm2-T. Leaveallnon-exemptedfixtures.Consult¶2(b)inForm2-Tforalist.
Priortofinalwalk-through,removeallpersonalpropertythatisnotpartofthepurchaseandallgarbage/debrisfromproperty.See ¶8(d)inForm2-T.Besuretochecktheattic,crawlspace,shed,etc.Anytrashthatdoesnotfitinthedesignatedtrashbinshould beremovedfromtheProperty;donotleaveitatthecurb.
Whenpacking,remembertoleaveallpropertythatwaspurchasedbyBuyer.Besuretoflagitemsformoverssotheywillnotbe packed.Consult¶3inForm2-TandanyapplicableBillofSaleorotheragreement. Whenremovingwallart,nailsshouldremaininplaceunlessyouandBuyerhaveagreedotherwise.
Ifyouwanttoofferthingslikeextrapaint,lightbulbs,etc.toBuyer,informyouragent. Completeanyagreed-uponrepairsandprovidereceiptstoyouragent.
Repairdamagecausedonmove-outinagoodandworkmanlikemanner.Notifyyouragentuponcompletionofanyrepairs.
LeaveaforwardingaddressforBuyerandyouragent.
Changeyouraddressforonlineretailers,magazinesubscriptions,bills,etc.
SetuppermanentchangeofaddresswithUSPS.
Retrieveextrakeysfromneighbors,friends,andserviceprovidersanddelivertoBuyerortheclosingattorney.
RetrieveanyremovablegarageremotesfromcarsanddelivertoBuyerorclosingattorney. RemembertoleavekeysforBuyerthatgotoanymailbox,padlock,shed,crawlspace,atticeavedoor,screen/stormdoors,or poolfence.IfsuchkeysarenotdeliveredtotheclosingattorneypriortoClosing,thenitiscustomarytoleavesuchkeysinthe kitchendrawerclosesttotherefrigerator.
Terminateallautomaticpaymentsrelatedtotheproperty,suchasmortgagepayments,HOAorCOAdues,andalarmsystems. AfterClosing,terminateallservicecontracts,suchasyardservices,pesttreatments,andgas/oil/propane/fuelrefills. Leaveanymanuals,warranties,andextracomponentsinthehome.Thedrawernearesttherefrigeratoriscustomary. LeavealistofserviceprovidersforBuyer,suchascleaning,HVAC,pest,irrigation,pool,etc.
Emptytheicebinfromthefreezerandturnofftheicemaker.Donotputtheiceinthekitchensink. Youragentwillremovethelockboxandyardsign.

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*NOTEREGARDINGSURVEYS: Situationsarisealltoooftenthatcouldhavebeenavoidedifthebuyerhadobtainedanew surveyfromaNCregisteredsurveyor.AsurveywillnormallyrevealsuchthingsasencroachmentsonthePropertyfromadjacent properties(fences,driveways,etc.);encroachmentsfromthePropertyontoadjacentproperties;roadorutilityeasementscrossing theProperty;violationsofset-backlines;lackoflegalaccesstoapublicright-of-way;andindefiniteorerroneouslegal descriptionsinpreviousdeedstotheProperty.Althoughtitleinsurancecompaniesmayprovidelendercoveragewithoutanew survey,theowner'spolicycontainsanexceptionforeasements,set-backsandothermatterswhichwouldhavebeenshownona survey.Manysuchmattersarenotpublicrecordandwouldnotbeincludedinanattorney'stitleexamination.Inaddition,ifthe buyerdoesnotobtaintheirownsurvey,theywouldhavenoclaimagainstasurveyorforinaccuraciesinapriorsurvey.
OTHERIMPORTANTNOTES:
∙ ALTHOUGHFIRMMAYPROVIDEBUYERORSELLERTHENAMESOFPROVIDERSWHOCLAIMTOPERFORM SERVICESINONEORMOREOFTHELISTEDAREAS,BUYERORSELLERUNDERSTANDSTHATFIRM CANNOTGUARANTEETHEQUALITYOFSERVICEORLEVELOFEXPERTISEOFANYSUCHPROVIDER.
∙ BUYERORSELLERAGREESTOPAYTHEFULLAMOUNTDUEFORALLSERVICESDIRECTLYTOTHE SERVICEPROVIDERWHETHERORNOTTHETRANSACTIONCLOSES.
THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.MAKESNOREPRESENTATIONASTOTHELEGAL VALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMINANYSPECIFICTRANSACTION.
BuyerorSeller
Date:
BuyerorSeller
Date:
EntityBuyerorSeller:
(NameofLLC/Corporation/Partnership/Trust/etc.)
By:
Name:
Title:
Date:
[SeeGuidelines(Form760G)forinstructionsoncompletingthisform]
PropertyAddress: ("Property")
BuyerorSeller: RealEstateFirm: ("Firm")
1.Thereareprofessionalservicesthattypicallyareperformedinconnectionwiththepurchaseandsaleofrealestate.BuyerorSeller understandsthatFirmcannotgiveadviceincertainmattersthatmayrelatetothepurchaseorsaleoftheProperty,includingbutnot limitedtomattersoflaw,taxation,financing,surveying,wood-destroyinginsectinfestation,structuralsoundnessorengineering.
REGARDINGEACHPROFESSIONALSERVICELISTEDBELOW,BUYERORSELLERSHOULDEITHERSELECTTHE SERVICEORELECTNOTTOHAVETHESERVICEPERFORMED.WITHRESPECTTOEACHSERVICESELECTED, INDICATEWHOWILLORDERTHESERVICEANDTHENAMEOFTHESERVICEPROVIDERSELECTEDBYBUYEROR SELLER.THISFORMSHOULDBEAMENDEDTOADDRESSADDITIONALPROFESSIONALSERVICESTHATARE CONSIDEREDAFTERITISFIRSTCOMPLETED. Service
Accountant/CPA/TaxAdvisor
Appraisal
Attorney(e.g.TitleExam/TitleIns./ SellerDocument-DeedPrep/Closing)
HomeWarranty Inspections:


2.BuyerorSelleracknowledgesFirmhasrecommendedthatBuyerorSellerconsultwithaprofessionalforanopinionregarding eachservicelistedabovetobeperformedpursuanttoBuyerorSeller'spurchaseorsaleoftheproperty.BuyerorSellerherebyagrees toindemnifyandholdFirmharmlessfromandagainstanyandallliability,claim,loss,damage,suit,orexpensethatFirmmayincur eitherasaresultofBuyerorSeller'sselectionanduseofanyofthelistedserviceprovidersorBuyerorSeller'selectionnottohave oneormoreofthelistedservicesperformed.
*NOTEREGARDINGRADONANDOTHERENVIRONMENTALQUALITYISSUESTESTING: Inadditiontotesting forthepresenceofradon,considerationshouldbegiventotestingtheairandanyprivatedrinkingwellwaterforthepresenceof othercontaminants,includingbutnotlimitedto,biological,chemical,andradiologicalcontaminants.BuyerorSellershould consultwithanairand/orwaterqualityspecialistregardingtheneedforandscopeofanysuchtesting.
*NOTEREGARDINGSURVEYS: Situationsarisealltoooftenthatcouldhavebeenavoidedifthebuyerhadobtainedanew surveyfromaNCregisteredsurveyor.AsurveywillnormallyrevealsuchthingsasencroachmentsonthePropertyfromadjacent properties(fences,driveways,etc.);encroachmentsfromthePropertyontoadjacentproperties;roadorutilityeasementscrossing theProperty;violationsofset-backlines;lackoflegalaccesstoapublicright-of-way;andindefiniteorerroneouslegal descriptionsinpreviousdeedstotheProperty.Althoughtitleinsurancecompaniesmayprovidelendercoveragewithoutanew survey,theowner'spolicycontainsanexceptionforeasements,set-backsandothermatterswhichwouldhavebeenshownona survey.Manysuchmattersarenotpublicrecordandwouldnotbeincludedinanattorney'stitleexamination.Inaddition,ifthe buyerdoesnotobtaintheirownsurvey,theywouldhavenoclaimagainstasurveyorforinaccuraciesinapriorsurvey.
OTHERIMPORTANTNOTES:
∙ ALTHOUGHFIRMMAYPROVIDEBUYERORSELLERTHENAMESOFPROVIDERSWHOCLAIMTOPERFORM SERVICESINONEORMOREOFTHELISTEDAREAS,BUYERORSELLERUNDERSTANDSTHATFIRM CANNOTGUARANTEETHEQUALITYOFSERVICEORLEVELOFEXPERTISEOFANYSUCHPROVIDER.
∙ BUYERORSELLERAGREESTOPAYTHEFULLAMOUNTDUEFORALLSERVICESDIRECTLYTOTHE SERVICEPROVIDERWHETHERORNOTTHETRANSACTIONCLOSES.
THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.MAKESNOREPRESENTATIONASTOTHELEGAL VALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMINANYSPECIFICTRANSACTION.
BuyerorSeller
Date:
BuyerorSeller
Date:
EntityBuyerorSeller:
(NameofLLC/Corporation/Partnership/Trust/etc.)
By:
Name:
Title:
Date:
