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I've only bought and sold houses in New York where you have to hire an attorney to draw up the contract and oversee the close. However I've been told by my NC realtor as well as others that an attorney is not necessary for a close in Raleigh.
Can anyone who has experience in NC closings shed some light?
Thousands of homes are sold yearly with contracts that are standard forms jointly drawn up by NC Association of Realtors and the NC Bar Association.
This relieves attorneys from having to draw up a contract for each transaction. It also puts Realtors in the position of just filling in blanks. If your Realtor has to start drafting a lot of verbage, it may be time for an attorney. We cannot practice law without a license. Might get our fingers slapped, fined, and maybe give up the R.E. license for a while.
If your transaction is a typical home sale, you should be well served by the standard "Offer to Purchase and Contract."
You will use an attorney for title search and recording of the deed.
The attorney, or the Seller's attorney, will prepare the deed for the Seller to present to you.
MIkeJaquish, great information, but remember -- Builder's use their own contracts and forms, mortgate lender and closing attorney in most cases in that area.
I am a licensed broker from there, don't live in NC anymore, still maintain license.
typically you only need 1 attorney and he represents the buyers lender any other attorneys are at the discretion of the buyer/seller and will come out of their own pocket
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