Buying or selling property involves a lot of moving parts and can be extremely complicated. For example, a typical real estate sale in North Carolina can take months to close and can require many different inspections, mortgage approvals, negotiations, and more. This can be very time consuming and frustrating for those who have other priorities in life. However, there are alternatives that can be less complicated and result in a much faster sale. One option is to sell your property directly to a home buying company like North Carolina Property Solutions. The benefits of this option include avoiding listing fees and agent commissions, a shorter closing process, and minimizing the potential for financing delays that can make a traditional sale difficult.
Whether you’re looking to sell a home, land or another non-commercial piece of real property in North Carolina, the process is generally similar. For a home, you’ll need to have a property assessment done by a qualified inspector to determine its value. This includes a full home inspection, an appraisal of the property’s condition, and a copy of your mortgage agreement with the lender. You’ll also need to have your deed and any other legal documents you may have on file.
For land and other non-residential properties, the process will be slightly different depending on the type of property. For example, if you’re selling a residential rental property, you will need to provide documentation about the rental history and any issues that might have occurred with previous tenants. In most cases, you’ll also need to provide an environmental assessment.
Selling state-owned property is handled through the Department Efficient Land Deals in North Carolina of Administration State Property Office. It manages all transactions involving state property, including deeds, leases, licenses, easements and more. It also maintains an inventory of state-owned lands and buildings, as well as leased spaces used by State agencies.
Like all states, North Carolina has its own laws and customs for property ownership. Knowing how to navigate these can help you have a smoother transaction, especially when dealing with a FSBO sale. For instance, the State of North Carolina does not allow for verbal or handshake contracts to sell real property. The sale must be in writing and signed by both parties. Also, any monetary exchanges must be recorded and reflected on the deed.