NC DOT Remnant Properties

NCDOT_triskelion_logo_4C.png
Process to Purchase Property from NCDOT

 

The process to place a bid is as follows:

  1. Submit the necessary information via web form found on our homepage.

  2. After information is submitted buyer (and Buyer Agent if applicable) will receive a contract package via email

  3. Buyer signs offer to purchase and contract and NC DOT Addendum

  4. Initial submission to NC DOT

  5. If accepted, from this point there is a waiting period for other offers to be received, if there are multiple offers then we will contact all involved parties requesting Highest and Best offers.

  6. Past the waiting period there is initial acceptance or counter of the highest bid. The highest bidder will submit their Earnest money check for 10% of the purchase price to be made to ERA Dream Living Realty. Please note, if the NCDOT is not able to approve and complete the sale your earnest money will be returned to you. 

  7. From this point, the property will be submitted for final approval which in some cases can take 60-90 days

  8. Once we have final approval the attorney generals office will take over and get the deed recorded for the property owner, this can take up to 30 days depending on when we have final approval.

Disclaimer

The State of North Carolina, hereinafter, "OWNER", offers for sale the following Remnant Property Property pursuant to 19A NCAC 2B.0143 [4]). 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 "AS IS".

  1. Owner makes no warranties regarding the possibility of contamination on the Remnant Property Property.

  2. Owner makes no warranties regarding title to the property. Title will be conveyed to PURCHASER via Quitclaim Deed.

  3. Owner makes neither warranties nor representations regarding flood hazards.

  4. Owner makes neither warranties nor representations regarding the suitability of the soil for building purposes.

  5. Owner shall not pay commissions to Real Estate Agents representing the PURCHASERS.

  6. Owner makes no warranties regarding the existence of environmental issues that may prohibit, diminish or interfere with the purchaser’s intended use of the property.

Please note, We represent the NCDOT and not the purchaser in this transaction. We are happy to work with you to facilitate the sale.

Please do not submit any funds until requested by The Dawson Group office. 

Helpful links

The Dawson Group 

1 Glenwood Ave.  5th floor

Raleigh, NC 27603

919.665.6500

TheDawsonGroupLogo_edited.png