Buy, sell and transfer residential and commercial real estate properties with these easy-to-use template Real Estate Forms for North Carolina. We have NC Mortgage Forms as well.
North Carolina law requires sellers to disclose details about the property to prospective buyers, particularly with respect to any defects or problems. This disclosure extends to:
- plumbing, electrical, HVAC, etc.;
- water supply source, septic / sewage disposal systems;
- environmental issues such as contaminated soil, pest infestations, asbestos;
- any HOA fees charged to the property and a list of the services provided (such as trash removal, landscaping, snow removal, etc.);
- any liens, easements, or other encumbrances registered against the title.
Sellers are only required to disclose things they know about. Certain types of properties (such as new homes that have never been lived in) are exempt from the disclosure rules.
Federal law also requires sellers to make disclosure regarding lead-based paint hazards for properties built before 1978.