NC Real Estate Contract Form PDF Details

In the dynamic world of real estate, flexibility is key, and the NC Real Estate Contract form acts as a vital tool for buyers and sellers navigating the nuances of property transactions. This specialized form, known as the Agreement to Amend Contract, embodies the principle of adaptability by allowing both parties to modify the terms of an existing contract. It applies to various types of agreements, including those concerning the purchase of homes, vacant lots, or land, as specified in the Offer to Purchase and Contract forms (form 2-T or form 12-T). Critical amendments can be made through this form, addressing alterations in the purchase price, earnest money deposit amounts, due diligence fees, and other significant aspects like the settlement date and due diligence period. Importantly, this mechanism ensures that any amendments are formally agreed upon, documenting changes such as the buyer's and seller's responsibility towards expenses at settlement. It highlights the necessity of clear communication and mutual consent in real estate transactions, promoting a smoother path to closing. However, it also serves as a reminder of the importance of professional advice, as indicated by the disclaimer regarding legal validity, stressing that each transaction's unique nature may require specialized legal interpretation. This document, endorsed by the North Carolina Association of REALTORS®, is an essential instrument in the real estate toolkit, paving the way for adjustments that reflect the evolving circumstances and agreements between buyers and sellers.

QuestionAnswer
Form NameNC Real Estate Contract Form
Form Length1 pages
Fillable?Yes
Fillable fields35
Avg. time to fill out7 min 15 sec
Other namesnc amend contract, nc form 4 t, fillable nc agreement, agreement to amend contract nc

Form Preview Example

AGREEMENT TO AMEND CONTRACT

WARNING: ALL PARTIES, INCLUDING ANY LENDER AND SETTLEMENT AGENT,

MUST BE PROVIDED A COPY OF THIS AGREEMENT

________________________________________________________________________________________________, as Buyer, and

___________________________________________________________________________________________________, as Seller,

have entered into a contract on the Offer to Purchase and Contract (form 2-T) or the Offer to Purchase and Contract Vacant Lot/Land (form 12-T) (“Contract”) regarding the purchase and sale of the following property (insert property address): ____________

_________________________________________________________________________________________________ (“Property”).

Buyer and Seller hereby agree to amend the Contract as set forth below [check applicable box(es)]:

Purchase Price. The Purchase Price is hereby changed to: $ _______________________________________________________.

(Additional) Earnest Money. The (Additional) Earnest Money Deposit is hereby changed to: $____________________________

(Additional) Earnest Money Deposit Date: The date by which the (Additional) Earnest Money Deposit shall be paid to Escrow Agent is hereby changed to:____________________________.

Building Deposit. The Building Deposit is hereby changed to: $ ____________________________________________________.

Due Diligence Fee. The Due Diligence Fee paid to Seller is hereby changed to: $ ________________________________.

Due Diligence Period. The expiration date of the Due Diligence Period is hereby changed to: ____________________________.

Settlement Date. The Settlement Date is hereby changed to: _______________________________________________________.

Expenses. The amount Seller shall pay at Settlement toward Buyer’s expenses associated with the purchase of the Property is hereby changed to: $ ___________________________.

All terms and conditions of the Contract not specifically amended herein shall remain in full force and effect.

THE NORTH CAROLINA ASSOCIATION OF REALTORS®, INC. MAKES NO REPRESENTATION AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION OF THIS FORM IN ANY SPECIFIC TRANSACTION.

Buyer:

 

Date

 

Seller:

 

Date

Buyer:

 

Date

 

Seller:

 

Date

 

 

 

Buyer:

 

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Seller:

 

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Page 1 of 1

 

North Carolina Association of REALTORS®, Inc.

STANDARD FORM 330-T

 

Revised 7/2011

 

© 7/2012

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