Current Available Property for Sale by Sealed Bid
Process to Purchase Property from NCDOT
- A request for purchase is made to Division Right of Way Office.
- The Division Right of Way office receives written approvals from the Division Engineer, the State Negotiator and the Property Agent.
- An appraisal is requested to determine the current market value.
- The Right of Way office then advertises in a local newspaper and notifies the adjoining owners and requesting party of pending
- A Pre-bid meeting is held at the Right of Way office.
- A Bid opening is held at Right of Way office (bids require 10% of purchase bid amount in the form of a personal check).
- The highest bid is approved by the Manager of Right of Way.
- All personal checks are returned to the bidders and the person or entity with the winning bid submits a cashier's check or certified
check in the amount of 10% of the bid amount.
- Once the 10% cashier’s check or certified check has been submitted to the Department, the Purchaser’s Due Diligence period
begins, and Purchaser is responsible for conducting any tests, examinations, inspections, research etc. on the the property that
they deem necessary regarding their intended use of the property.
- During the due diligence period, the transaction is then submitted for approval by the Board of Transportation.
- After approval from the Board of Transportation, the transaction is submitted for approval by the Council of State.
- The outstanding balance of sale is due when the Department delivers the Deed to the Purchaser.
- The Purchasing party is responsible for recording the deed and paying all required fees.
- After the deed has been recorded in the county where the property is located, the recorded deed will be mailed to the purchasing
The State of North Carolina, hereinafter, "OWNER", offers for sale the following Residue Property pursuant to 19A NCAC 2B.0143
). Owner makes neither warranties nor representations regarding the condition of the property. PURCHASER is solely responsible for
conducting any tests, examinations, inspections, etc. during an agreed upon due diligence period. Owner hereby makes the following
representations regarding the matters set forth below. Please note that this list is NOT all inclusive, and PURCHASER accepts the property
- Owner makes no warranties regarding the possibility of contamination on the Residue Property.
- Owner makes no warranties regarding title to the property. Title will be conveyed to PURCHASER via Quitclaim Deed.
- Owner makes neither warranties nor representations regarding flood hazards.
- Owner makes neither warranties nor representations regarding the suitability of the soil for building purposes.
- Owner shall not pay commissions to Real Estate Agents representing the PURCHASERS.
- Owner makes no warranties regarding the existence of environmental issues that may prohibit, diminish or interfere with the purchaser’s intended use of the