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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