Sell your North Carolina land for cash

Yes. North Carolina charges an excise tax of $1 for each $500 of the price or value, about 0.2%. It is paid to the county register of deeds before the deed is recorded. Some northeastern counties add a 1% local land transfer tax, including Camden, Chowan, Currituck, Dare, Pasquotank and Perquimans. Ask your closing attorney for the total for your parcel. Source: N.C.G.S. 105-228.30, NC Department of Revenue, Statistical Abstract Table 75 (land transfer tax collections by county).

Interest is added, and the county or city can foreclose on the land. Taxes paid on or after January 6 owe 2% interest, and 0.75% more for each month starting February 1. The taxing unit can foreclose in a court action or by docketing a judgment and having the sheriff sell the land. In a court action, costs can include a reasonable attorney's fee and a commissioner's fee of up to 5% of the sale price. Your county tax collector can tell you what is owed and which process applies. Source: N.C.G.S. 105-360, 105-374 and 105-375.

In a court tax foreclosure, only until the court confirms the sale. You redeem by paying the taxes, penalties, interest and costs, including the attorney's fee, before confirmation. If you redeem after the sale, a commissioner's fee of up to 5% of the price is added. Confirmation can be sought 10 days after the sale is reported if no higher bid or objection is filed. Each higher bid starts a new 10-day period. Money left after taxes, costs and certain other liens is paid into court for the people entitled to it. If the county used the simpler docketed-judgment process instead, ask the clerk of superior court right away what deadline applies. Source: N.C.G.S. 105-374(e), (i), (o), (p) and (q), 105-375 and 1-339.25.

Usually not the standard forms. North Carolina's Residential Property and Owners' Association Disclosure Act, and its mineral and oil and gas rights disclosure, apply only to property with dwellings. Lots in a residential subdivision with a new street have a separate rule, mainly outside city limits. There, the developer and seller must give the buyer a subdivision streets disclosure statement before any agreement or sale. Ask a North Carolina real estate attorney which notices apply to your parcel. Source: N.C.G.S. Chapter 47E (47E-1, 47E-4.1) and 136-102.6.

Not if the buyer continues the same use and files on time. If the land loses eligibility, the deferred taxes for the 3 prior fiscal years come due, with interest from the original due dates. A buyer can keep the classification by continuing the use and filing an application within 60 days of the transfer. In that application, the new owner accepts liability for the deferred taxes, which stay a lien on the land. Your county assessor decides eligibility for each parcel. Source: N.C.G.S. 105-277.3(b2), 105-277.4(a) and (c), and 105-277.1F.

Yes. You do not need to live in North Carolina to sell North Carolina land. Liberty Acres buys land anywhere in the US and closes through a title company or real estate attorney. We pay back taxes and all closing costs. There are no agents and no commissions.