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Lawyer Reviews Every Change in the 2024 North Carolina Standard Offer to Purchase (July 2024)

In this video, I dive into the latest updates to North Carolina's 2024 Standard Residential Offer to Purchase and Contract. As a real estate lawyer, I break down the significant revisions made to this key forms, ensuring compliance with NC law. We'll explore changes like permitting buyers to pay the Due Diligence Fee to a designated party, clarifying the Due Diligence Period with new checkboxes for better accuracy, and emphasizing seller responsibilities regarding HOA information. These updates are not as major as they have been in previous years, but they are still important for agents, attorneys, and anyone involved in real estate transactions in North Carolina. Whether you're a buyer, seller, or agent, understanding these changes is essential for smoother, legally sound transactions. Tiffany Webber is a real estate attorney and owner of Thomas & Webber, a real estate law firm in Mooresville, North Carolina. They handle both commercial and residential real estate closings, estate planning, and business formations. If you'd like to work with Thomas & Webber, please email [email protected] 00:00 - New Contract 00:40 - Time is of The Essence 01:19 - Due Diligence $ 02:40 - Due Diligence Period 05:00 - Buyer Investigation 06:10 - HOA Fees 08:16 - Reporting Violations