Do you have questions about the new North Carolina "Due Diligence" Offer to Purchase and Contract? If so, you're not alone! The NC Association of Realtors made dramatic changes to the standard NC Offer to Purchase and Contract, which went into effect on January 1, 2011. New terms were added, such as a Due Diligence Fee paid by the buyer DIRECTLY TO THE SELLER, and a Due Diligence Period. Gone are the inpsection period and loan commitment period, both of these items now fall under the Due Diligence Period. This video, created by the NC Association of Realtors General Counsel, may clear up some of the confusion.

Changes to Offer to Purchase & Contract as of January 1, 2011 from NC Association of REALTORS on Vimeo.

I have been trained and have already written/negotiated several offers using the new Offer to Purchase & Contract. So if you are looking for an experienced and knowledgeable Realtor to help you through a NC real estate transaction, give me call anytime.

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4 Comments on New "Due Diligence" NC Offer to Purchase & Contract- Effective as of 1/1/2011

JAN
28
2011
419,122 Points 2 Featured Posts

Now that is interesting. I wonder if other states like Ohio will follow
11:04pm • #1
Called Shot Master

We have an option period in Texas.  Just went to a class recently having to do with changes in our contracts that must be used by March 1.
11:05pm • #2
231,957 Points 2 Featured Posts Outside Blog Attended Rain Camp

Hello Stan.  Believe me, it is INTERESTING and very different!  According to my 2011 Real Estate Update Course instructor, more than 30 states already have some sort of Due Diligence Contract. 
11:11pm • #3
231,957 Points 2 Featured Posts Outside Blog Attended Rain Camp

How long has Texas had an option period Christopher?
11:12pm • #4


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Cheryl Powell-ABR, SFR, Broker, Realtor- Remax-Charlotte & Concord NC Real Estate

Concord, NC

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RE/MAX Executive Realty - The Powell Team

Address: 7752 Gateway Lane, Suite 204, Concord, NC , 28027

Office Phone: (704) 979-7028

Cell Phone: (704) 363-8902

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I provide professional real estate services to Buyers and Sellers in Greater Charlotte NC, including Concord, Harrisburg, Kannapolis, Mooresville, North Charlotte, Salisbury & their surrounding areas. My specialties include: Resale Homes & New Construction - Relocation - 1st Time Buyer Programs - Investments - Foreclosures - Short Sales. I have the experience, knowledge and dedication that it takes to get the best results. Contact me anytime to discuss your real estate needs! ActiveRain Real Estate Social Network


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