Property Disclosure

North Carolina General Statute requires homeowners of residential real estate (single-family homes and dwellings with up to four units) to fill out a property disclosure statement when they are selling their properties. This statement form is available from any RE/MAX UNITED office. A disclosure statement must be furnished to all potential purchasers in connection with the sale, exchange, option and sale under a lease with option to purchase (unless the tenant is already occupying or intends to occupy the dwelling). A disclosure statement is not required for some transactions however, including the first sale of a dwelling which has never been inhabited and transactions of residential properties made pursuant to a lease with option to purchase where the lessee occupies or intends to occupy the dwelling.

Homeowners who attempt to sell their homes on their own (for-sale-by-owner) are not excluded and they have the same obligation to provide this disclosure statement to potential buyers, whether or not they are assisted by a licensed real state broker or salesman.

Exemptions to this requirement are as follows:

  • New constructed never occupied homes
  • Transfers from one co-owner to another
  • Transfers to a spouse or persons in the lineal line
  • Transfers between spouses as a result of a divorce
  • Transfers pursuant to a court order, foreclosures, bankruptcy, or by trustees or estate administrators
  • Lease with option to purchase contract where the lessee occupies or intends to occupy the dwelling
  • Transfers between parties when both parties agree in advance not to complete a residential property disclosure statement

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  • RE/MAX United Offices, Raleigh-Cary, North Carolina
  • Kathy Sims
  • Certified Luxury Home Marketing Specialist
  • RE/MAX© Platinum Club
  • 51 Kilmayne Drive
  • Cary, North Carolina 27511
  • Toll Free: (800) 326-3562 x 6565
  • Direct/Voicemail: (919) 274-1710
  • Fax: (919) 882-1451
  • Email: kathy@kathysims.com
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