A Lawyer's Guide to the North Carolina Real Estate Contract (Part 1) Parties, Property, Price

Tiffany Webber is joined by Erin Weatherman, another NC Real Estate Attorney. Together they discuss the first four pages of the North Carolina standard offer to purchase, including the three P's of the contract: the Parties, the Property, and the Purchase Price.

When you're a real estate agent, it's important to know the ins and outs of the contract your clients will be signing. The North Carolina Standard offer to purchase is a legally binding contract, so it's crucial that you understand all of the details.

North Carolina Real Estate Show (Episode 17)

00:00 - Intro
00:50 - Offer to Purchase (Form 2-T)
01:24 - Key Definitions
03:24 - Purchase Price
05:23 - Breach
06:49 - E.M.D.
09:34 - Effective Date
10:09 - Due Diligence
12:28 - Settlement vs Closing
16:09 - Fixtures
17:59 - Personal Properties
19:39 - Closing Advice