Profile picture for user3195068

Buyers/Sellers responsibility in a real estate transaction

What is the buyer and sellers responsibilities in a real estate transaction?
  • October 22 2013 - Burnsville
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (2)

Best Answer

Profile picture for DFisherBroker
Good morning, Burnsville.
Every real estate transaction is a negotiation of purchase terms and conditions. Buyer and Seller responsibilities are part of these negotiated items. The NC standard form Offer to Purchase and Contract outlines some of the more common rights and responsibilities in Sections 4-8, although there are additional obligations throughout the form. To review this, search for "sample form 2t"  To have a comprehensive summary and interpretation, ask your real estate closing attorney. If you appreciate an answer, please give thumbs up.  For the most helpful answer, please say thanks with a best answer click.
  • October 22 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

This may seem like a silly sum-up but in my opinion it is really this simple:

Buyer:  To Perform. (ie Secure financing, or pony up the cash.  Comply with all paperwork, etc(.

Seller: To Disclose and to comply with all paperwork/terms.

Best wishes from So-Cal and good luck
  • October 22 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.