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NC Standard Form 2-T free printable template

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NOTE If alternative 2 applies then do not insert 0 N/A or leave blank. existing loan s secured by a deed of trust on the Property in accordance with the attached Loan Assumption Addendum. Page 1 of 5 STANDARD FORM 2-T Buyer Initials Seller Initials 5. PROPERTY DISCLOSURE Buyer has received a signed copy of the N.C. Residential Property Disclosure Statement prior to the signing of this Offer to Purchase and Contract. OFFER TO PURCHASE AND CONTRACT as Buyer hereby offers to purchase and as Seller...upon acceptance of said offer agrees to sell and convey all of that plot piece or parcel of land described below together with all improvements located thereon and such fixtures and personal property as are listed below collectively referred to as the Property upon the following terms and conditions 1. 2. FIXTURES The following items if any are included in the purchase price free of liens any built-in appliances light fixtures ceiling fans attached floor coverings blinds shades drapery rods and...curtain rods brackets and all related hardware window and door screens storm windows combination doors awnings antennas satellite dishes and receivers burglar/fire/smoke alarms pool and spa equipment solar energy systems attached fireplace screens gas logs fireplace inserts electric garage door openers with controls outdoor plants and trees other than in movable containers basketball goals storage sheds mailboxes wall and/or door mirrors and any other items attached or affixed to the Property...EXCEPT the following items 3. PERSONAL PROPERTY The following personal property is included in the purchase price 4. PURCHASE PRICE The purchase price is and shall be paid as follows bank check certified check other to be deposited and held in escrow by Escrow Agent until the sale is closed at which time it will be credited to Buyer or until this contract is otherwise terminated. In the event 1 this offer is not accepted or 2 any of the conditions hereto are not satisfied then all earnest...monies shall be refunded to Buyer. In the event of breach of this contract by Seller upon Buyer s request all such breach. In the event this offer is accepted and Buyer breaches this contract then all earnest monies shall be forfeited upon Seller s request but receipt of such forfeited earnest monies shall not affect any other remedies available to Seller for such breach. PERSONAL PROPERTY The following personal property is included in the purchase price 4. PURCHASE PRICE The purchase price is...and shall be paid as follows bank check certified check other to be deposited and held in escrow by Escrow Agent until the sale is closed at which time it will be credited to Buyer or until this contract is otherwise terminated. In the event 1 this offer is not accepted or 2 any of the conditions hereto are not satisfied then all earnest monies shall be refunded to Buyer. In the event of breach of this contract by Seller upon Buyer s request all such breach. In the event this offer is accepted...and Buyer breaches this contract then all earnest monies shall be forfeited upon Seller s request but receipt of such forfeited earnest monies shall not affect any other remedies available to Seller for such breach. NOTE In the event of a dispute between Seller and Buyer over the return or forfeiture of earnest money held in escrow by a broker the broker is required by state law to retain said earnest money in the broker s trust or escrow account until a written release from the parties...consenting to its disposition has been obtained or until disbursement is ordered by a court of competent jurisdiction. Effective Date as set forth in paragraph 23. REAL PROPERTY Located in the City of County of State of North Carolina being known as and more particularly described as Street Address Zip Legal Description All A portion of the property in Deed Reference Book Page No. County. NOTE Prior to signing this Offer to Purchase and Contract Buyer is advised to review Restrictive Covenants...if any which may limit the use of the Property and to read the Declaration of Restrictive Covenants By-Laws articles of Incorporation Rules and Regulations and other governing documents of the owners association and/or the subdivision if applicable. 2. FIXTURES The following items if any are included in the purchase price free of liens any built-in appliances light fixtures ceiling fans attached floor coverings blinds shades drapery rods and curtain rods brackets and all related hardware window...and door screens storm windows combination doors awnings antennas satellite dishes and receivers burglar/fire/smoke alarms pool and spa equipment solar energy systems attached fireplace screens gas logs fireplace inserts electric garage door openers with controls outdoor plants and trees other than in movable containers basketball goals storage sheds mailboxes wall and/or door mirrors and any other items attached or affixed to the Property EXCEPT the following items 3. PROPERTY INSPECTION...APPRAISAL INVESTIGATION Choose ONLY ONE of the following Alternatives ALTERNATIVE 1 a Property Inspection Unless otherwise stated herein Buyer shall have the option of inspecting or obtaining at Buyer s expense inspections to determine the condition of the Property. Unless otherwise stated herein it is a condition of this contract that i the built-in appliances electrical system plumbing system heating and cooling systems roof coverings including flashing and gutters doors and windows exterior...surfaces structural components including foundations columns chimneys floors walls ceilings and roofs porches and decks fireplaces and flues crawl space and attic ventilation systems if any water and sewer systems public and private shall be performing the function for which intended and shall not be in need of immediate repair ii there shall be no unusual drainage conditions or evidence of excessive moisture adversely affecting the structure s and iii there shall be no friable asbestos or...existing environmental contamination. Any inspections shall be completed and written notice of necessary repairs shall be given to Seller on or before. Seller shall provide written notice to Buyer of Seller s response within days of Buyer s notice. Buyer is advised to have any inspections made prior to incurring expenses for Closing and in sufficient time to permit any required repairs to be completed by Closing. b Wood-Destroying Insects Unless otherwise stated herein Buyer shall have the...option of obtaining at Buyer s expense a report from a licensed pest control operator on a standard form in accordance with the regulations of the North Carolina Structural Pest Control Committee stating that as to all structures except there was no visible evidence of wood-destroying insects and containing no indication of visible damage there from. The report must be obtained in sufficient time so as to permit treatment if any and repairs if any to be completed prior to Closing. All treatment...required shall be paid for by Seller and completed prior to Closing unless otherwise agreed upon in writing by the parties. Unless otherwise stated herein it is a condition of this contract that i the built-in appliances electrical system plumbing system heating and cooling systems roof coverings including flashing and gutters doors and windows exterior surfaces structural components including foundations columns chimneys floors walls ceilings and roofs porches and decks fireplaces and flues...crawl space and attic ventilation systems if any water and sewer systems public and private shall be performing the function for which intended and shall not be in need of immediate repair ii there shall be no unusual drainage conditions or evidence of excessive moisture adversely affecting the structure s and iii there shall be no friable asbestos or existing environmental contamination. Any inspections shall be completed and written notice of necessary repairs shall be given to Seller on or...before. Seller shall provide written notice to Buyer of Seller s response within days of Buyer s notice. Buyer is advised to have any inspections made prior to incurring expenses for Closing and in sufficient time to permit any required repairs to be completed by Closing. b Wood-Destroying Insects Unless otherwise stated herein Buyer shall have the option of obtaining at Buyer s expense a report from a licensed pest control operator on a standard form in accordance with the regulations of the...North Carolina Structural Pest Control Committee stating that as to all structures except there was no visible evidence of wood-destroying insects and containing no indication of visible damage there from. The report must be obtained in sufficient time so as to permit treatment if any and repairs if any to be completed prior to Closing. All treatment required shall be paid for by Seller and completed prior to Closing unless otherwise agreed upon in writing by the parties. The Buyer is advised...that the inspection report described in this paragraph may not always reveal either structural damage or damage caused by agents or organisms other than wooddestroying insects.
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How to fill out the NC Standard Form 2-T

Understanding NC Standard Form 2-T

The NC Standard Form 2-T serves as a pivotal tool in North Carolina real estate transactions, functioning like a comprehensive contract between buyers and sellers. This standardized form ensures clarity and consistency throughout the purchasing process, which is vital in a market that involves significant legal and financial commitments. It is primarily utilized by real estate professionals, which include agents and brokers, to facilitate smooth transactions and safeguard both parties' interests.

What are the key components of the NC Standard Form 2-T?

  1. The offer section identifies both buyer and seller, specifying their roles and what is being proposed in terms of price and conditions.
  2. It is crucial to provide an accurate and thorough description of the real property, including boundaries, improvements, and any included personal property.
  3. This section outlines specific terms like contingencies, financing arrangements, and any obligations that either party must fulfill.

How to fill out the NC Standard Form 2-T?

Filling out the NC Standard Form 2-T can seem daunting at first, but following a step-by-step approach simplifies the process. Begin with the buyer and seller’s information, ensuring all names and legal entities are accurately articulated. Next, succinctly describe the real estate property involved, covering key details. To effectively list fixtures and personal property, clarify what is included in the sale to prevent future disputes.

What legal considerations should you keep in mind?

  1. Always review any restrictive covenants that may apply to the property to avoid legal pitfalls post-signing.
  2. It's advisable to consult with legal professionals for a thorough review of the contract before finalizing, ensuring all aspects are legally sound.
  3. Be wary of common mistakes, such as not completing all fields or misunderstanding legal terms, as these can lead to complications later.

How can pdfFiller assist with the NC Standard Form 2-T?

Using pdfFiller can vastly improve your experience in managing the NC Standard Form 2-T. The platform allows for seamless editing of PDF documents, which means you can make modifications as necessary without hassle. Additionally, features like eSigning enable secure and efficient collaboration with potential buyers or sellers, making the document management process incredibly streamlined and organized.

Why is the purchase price specification important?

  1. Understanding each segment of the purchase price ensures clarity on costs, helping both parties set realistic expectations.
  2. Clarifying what is included in the earnest money deposit can prevent conflicts regarding what is at stake.
  3. Different payment methods may come with varying terms that can significantly affect the contract execution and obligations.

Where can you find resources for further learning?

pdfFiller provides an extensive forms library, which includes not just the NC Standard Form 2-T but also related documents relevant to North Carolina real estate transactions. This resource is invaluable for anyone looking to deepen their understanding of contracts and legalities in real estate. Additionally, accessing the advice articles will equip you with better strategies for navigating real estate laws and regulations.

Frequently Asked Questions about form 2 t

What is the NC Standard Form 2-T?

The NC Standard Form 2-T is a standardized real estate contract used in North Carolina that outlines the terms of purchase between buyers and sellers. It ensures clarity and consistency in real estate transactions.

How do I start filling out the NC Standard Form 2-T?

Begin by accurately entering the buyer and seller's information, followed by a detailed description of the property involved in the transaction. This provides a solid foundation for the rest of the contract.

What are the risks of not using the NC Standard Form 2-T?

Not using the NC Standard Form 2-T can lead to misunderstandings and disputes, as it provides a uniform structure that helps ensure all legal requirements are met. This can increase the risk of litigation if issues arise.

Can I edit the NC Standard Form 2-T after signing?

Once the NC Standard Form 2-T is signed, it should not be edited as this can void the contract. Any changes must be documented in an amendment and agreed upon by all parties involved.

What should I do if I have questions about the NC Standard Form 2-T?

If you have questions, it's best to consult with a real estate agent or legal counsel who can provide specific guidance based on your situation. They can help clarify any legal obligations and terms within the contract.

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People Also Ask about offer to purchase and contract form 2 t

An offer is a written proposal to buy a property with conditions baked in. The buyer's agent helps to write it up and delivers it to the seller's agent. Purchase agreements are an actual agreement between the buyer and the seller also sometimes called a real estate contract.
In North Carolina, a Memo To Buyer utilizes NC Realtors Form 340-T. This form rejects a buyer's offer and informs the buyer of what a seller is would find favorable in receiving an offer. This may include terms, price, or closing dates.
An offer is a written proposal to buy a property with conditions baked in. The buyer's agent helps to write it up and delivers it to the seller's agent. Purchase agreements are an actual agreement between the buyer and the seller also sometimes called a real estate contract.
Home sellers are free to reject or counter even a contingency-free, full-price offer, and aren't bound to any terms until they sign a written real estate purchase agreement.
An offer to purchase and contract NC is an agreement between two parties within the realm of realty in North Carolina. These contracts begin with an offer and become legally binding once the offer is accepted.
A North Carolina purchase agreement is a legal document used by a buyer to make an offer to acquire real estate. It will include the terms and conditions of the transaction including the closing date, due diligence period, earnest money deposit, and any contingencies regarding the sale.
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