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SELLER'S DISCLOSURE NOTICE FINANCING TERMS Before the Contract for Deed contract regarding the property located at is to be signed by the Purchaser, the Seller does provide to the purchaser a written

How to fill out north carolina sellers disclosure

How to fill out the North Carolina sellers disclosure:

1. Begin by filling in your personal information at the top of the form, including your name and contact information.
2. Provide details about the property being sold, such as the address, the type of property (single-family home, condominium, etc.), and any other relevant information.
3. Disclose any known material defects or issues with the property. This includes problems with the structure, plumbing, electrical systems, and any other aspects that may impact the value or safety of the property.
4. If there have been any past repairs or renovations done to the property, disclose this information. Include details about the nature of the work done, when it was completed, and whether any warranties or guarantees are still in effect.
5. Declare any known environmental hazards associated with the property. This includes issues such as lead-based paint, asbestos, or underground storage tanks.
6. Provide information about any pending legal actions or disputes involving the property. This may include any ongoing lawsuits, disputes with neighbors, or zoning or building code violations.
7. Indicate whether the property is located in a flood zone and provide any relevant documentation or insurance information.
8. If you are aware of any boundary line issues or encroachments on the property, disclose this information as well.
9. Finally, sign and date the disclosure form, confirming that the information provided is true and accurate to the best of your knowledge.

Who needs the North Carolina sellers disclosure?

1. Homeowners selling their property in North Carolina are required by law to provide buyers with a sellers disclosure form. This ensures transparency and helps protect buyers from any hidden defects or issues with the property.
2. Real estate agents representing sellers are also responsible for ensuring that the sellers provide a complete and accurate sellers disclosure form to potential buyers.
3. Buyers and their agents will typically request the sellers disclosure form as part of their due diligence process before making an offer on a property. It helps them make informed decisions and assess the condition of the property they are interested in.

This Seller's Disclosure Notice of Financing Terms Contract for Deed serves as notice to Purchaser of the purchase price of property and how payments, interest, and late charges are set. This document should be completed by Seller of property and provided to the Purchaser at or before the signing of the contract for deed.

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