Real estate contracts require the buyer and seller to disclose certain information to each other. ...How is the buyer obtaining the money to make the purchase? ...What condition is the property in?
Tiffany Webber is joined by Erin Weatherman, another NC Real Estate Attorney. Together they discuss Sections 5-8 of the North Carolina Standard Offer to Purchase, including buyer & seller representations, which party is going to be paying for which closings costs, and more.
00:00 - Buyer Representations
00:35 - 5(a) Source of Funds
02:20 - 5(b) Other Property
04:20 - 5(d) Receipt of Disclosures
05:30 - Buyer Obligations - Special Assessments
06:22 - Buyer Paid Closing Costs
07:57 - Seller Representations
09:45 - Seller Obligations
12:55 - Access to the Property
15:05 - Removal of Seller's Belongings
17:10 - Clear Title
18:30 - Taxes and Fees
19:20 - Seller Paid Closing Costs