Most real estate experts would tell you that spring and early summer is peak season for buying or selling a home, and statistics show that they’re right. But that doesn’t mean that the rest of
Making Real Estate Disclosures In North Carolina
State law in North Carolina (North Carolina General Statutes Section 47E-4) requires that sellers provide buyers a disclosure form, which includes details on the property, including:
defects in the plumbing, electrical, and other house systems
the property’s water supply source and sewage disposal system
conditions such as contaminated soil or asbestos
homeowners’ association fees and services provided, such as trash removal, and
other specified details of the property, such as shared driveways or easements.
Disclosures must be on a Residential Property and Owners' Association Disclosure Statement form established by the North Carolina Real Estate Commission. Certain types of sales (such as newly built, never inhabited, homes) are exempt from state disclosure rules.
In addition, if your house was built before 1978, you must comply with federal Title X disclosures regarding lead-based paint and hazards. See the lead disclosure section of the EPA’s website, for details.
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