Real Estate in North Carolina

The state of North Carolina is unique in that many regional jurisdictions within the state have their own set of real estate guidelines and laws. As for the state itself, real estate transactions generally follow the common group of laws used by many other states in the country. One exception is that a buyer can cancel a sales agreement within three days of signing it if the seller does not provide a proper disclosure for the property. This three-day waiting period is much shorter than other states, and it requires the buyer to provide notice of their intent to rescind their part of the sales agreement in writing to the seller.

In North Carolina, the title search needs to be completed under the supervision of a properly licensed North Carolina real estate attorney. Many states allow title searches to be done by third-parties, but this is not the case in North Carolina. Despite being directly responsible for overseeing title searches, attorneys in North Carolina are not responsible for irregularities that are hidden. For example, a forged signature on a title deed could cause problems for the buyer, but it is not the responsibility of the attorney to determine the validity of a signature.

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Residential and Commercial Real Estate Agencies and Associations in North Carolina

North Carolina Association of Realtors
Address: North Carolina Association of Realtors
2901 Seawell Rd
Greensboro, NC 27407
Office Phone: (336)-294-1415
Web site: www.ncrealtors.org

Sanford Area Association of Realtors
Address: Sanford Area Association of Realtors
106 Charlotte Ave
Sanford, NC 27330
Office Phone: (919)-774-6591
Web site: www.movetosanford.com

Wilmington Regional Association of Realtors
Address: Wilmington Regional Association of Realtors
1826 Sir Tyler Dr.
Wilmington, NC 28405
Office Phone: (910)-762-7400
Web site: www.wrar.com

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