North Carolina Real Estate Purchase and Sale Agreement (Investor PDF)
An investor-ready purchase and sale agreement drafted for North Carolina transactions, plus a plain-English summary of what North Carolina law expects in a residential purchase contract. Free PDF, no signup required.
North Carolina Purchase and Sale Agreement
Free PDF • Updated July 2026
Part of our free real estate investor forms library.
What North Carolina Requires in a Purchase Contract
These are the contract and disclosure requirements our research identified for North Carolina residential transactions, with statute citations. Requirements change; always confirm the current rule before closing.
Residential Property and Owners' Association Disclosure Statement (RPOADS)
N.C.G.S. Chapter 47E (47E-1 to 47E-8); form per 21 NCAC 58A .0114 (NCREC Form REC 4.22)
Seller of 1-4 unit residential property (including FSBO) must deliver the NCREC-prescribed disclosure statement no later than the time the buyer makes an offer; seller may answer or check 'No Representation' for most items
Applies to: all residential 1-4 unit sales, exchanges, installment sales and lease-options, INCLUDING FSBO; exemptions in 47E-2 (first sale of never-inhabited new dwelling, fiduciary/foreclosure transfers, co-owner and family transfers, buyer already occupying as lessee)
Buyer Cancellation Right for Undelivered Disclosure Statements
N.C.G.S. 47E-5
If the disclosure statements are not delivered by the time of offer, buyer may cancel the resulting contract by written notice until the earliest of: end of the 3rd calendar day after receipt, end of the 3rd calendar day after contract formation, or settlement/occupancy - without penalty and with full deposit refund
Applies to: all transactions subject to Chapter 47E
Mineral and Oil and Gas Rights Mandatory Disclosure Statement Verbatim language required
N.C.G.S. 47E-4.1 (recodified from former 47E-4(b2) by S.L. 2014-120); NCREC Form REC 4.25
Separate mandatory disclosure on whether mineral and/or oil and gas rights were or will be severed; buyer initials each item; conspicuous boldface warning required; seller cannot make 'No Representation' for its own severance items
Applies to: residential 1-4 unit transfers; applies even to several categories exempt from the general RPOADS
Federal Lead-Based Paint Disclosure Verbatim language required
42 U.S.C. 4852d; 40 C.F.R. Part 745 Subpart F (745.113); 24 C.F.R. Part 35 Subpart A
Pre-1978 housing: contract must contain the Lead Warning Statement, seller's disclosure of known lead paint/hazards, records statement, buyer's 10-day inspection opportunity, and signed acknowledgments
Applies to: pre-1978 residential dwellings
North Carolina Closing Practice at a Glance
| Deed convention | General warranty deed is the customary conveyance for arm's-length residential sales; special warranty common for REO/estate transfers |
| Transfer tax | Excise tax on conveyances (revenue stamps), N.C.G.S. 105-228.30: $1.00 per $500 (or fraction) of consideration, paid to the register of deeds before recording; PLUS a 1% local land transfer tax in seven authorized counties (Camden, Chowan, Currituck, Dare, Pasquotank, Perquimans, Washington) |
| Customary payer | seller (statutory: transferor pays the excise; local land transfer tax also customarily seller) |
| Attorney closing | Attorney required or customary. Attorney-closing state: handling a residential closing and disbursing for another is the practice of law (State v. Pledger, 257 N.C. 634 (1962); NC State Bar Authorized Practice Advisory Opinion 2002-1, rev. 2012 - non-attorneys limited to ministerial functions under attorney supervision); title opinions to title insurers must come from a licensed NC attorney (N.C.G.S. 58-26-1) |
| Witness and notary | Deeds require the grantor's signature acknowledged before a notary public (N.C.G.S. 47-38, 47-17); NO witnesses required; recorded with the register of deeds in the county where the land lies |
More Investor Resources
Disclaimer: This template and summary are provided free for reference and educational purposes. Clearway Home Buyers is not a law firm and does not provide legal advice, and no attorney-client relationship is created by downloading or using these forms. Real estate law varies by state and by transaction. Review any form with a licensed North Carolina attorney before use. Read the full disclaimer.
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