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TERMS AND CONDITIONS

Last Updated: 07/13/2025
Effective Date: 07/13/2025
Governing Jurisdiction: North Carolina

1. Introduction
Velosell Home Buyers (“Company,” “we,” “us”) operates as a principal buyer/assignor of residential real estate in North Carolina (“NC”). We are NOT licensed real estate agents, brokers, or attorneys (NCREC Rule 58A .0104). By submitting information via velosellhomebuyers.com (the “Site”), you (“Seller”) agree to these binding Terms.

2. SERVICES & NC-SPECIFIC DISCLAIMERS

(a) Services Provided:

WE BUY HOUSES:
We purchase residential properties directly as principals in NC, acting as the buyer of record.

WE ASSIGN CONTRACTS:
We may enter a purchase agreement with Seller and assign that contract to an end-buyer for a disclosed fee.

(b) Critical Disclaimers (NC Compliance):

NO LICENSES HELD:
We are NOT licensed under NC Real Estate Commission (NCREC) rules. We perform zero brokerage services.

NO ADVICE OR AGENCY:
We do not provide real estate, legal, tax, or financial advice. No agency, brokerage, or fiduciary relationship is created.

PRINCIPAL STATUS ACKNOWLEDGEMENT:
*”All parties acknowledge: (1) We are the original purchaser in all contracts; (2) Assignments convey our contractual rights only; (3) No agency relationship exists between us, sellers, or end-buyers per NCGS § 93A-2.”*

3. NC TRANSACTION TERMS

(a) Due Diligence:

Buyers/Sellers must independently verify:

  • Title status & liens (NCGS § 47B)
  • Zoning compliance
  • Physical property condition (all sales are “AS-IS”).

(b) Assignments:

  • Governed by NC Statute of Frauds (NCGS § 22-2); requires written agreement.
  • Assignment fees disclosed in writing to all parties prior to execution.
  • We comply with NCREC Advisory Opinion 2017-01 on wholesaling.

(c) Earnest Money:

If applicable, held in NC-compliant escrow (NCGS § 93A-12).

4. LIMITATION OF LIABILITY

(a) No Guarantees:

We DO NOT guarantee:

  • Property condition (all purchases are “AS-IS”),
  • Investment outcomes,
  • Transaction success.

(b) Cap on Damages:

Our maximum liability for any claim is limited to fees paid directly to us (excludes third-party acts).

5. DISPUTE RESOLUTION (NC)

  • Mandatory Binding Arbitration in Wake, NC
    under AAA rules.
  • Class Action Waiver: No joinder or class arbitration permitted.
  • Governing Law: North Carolina law (NCGS Ch. 1) exclusively.

6. LEGAL COMPLIANCE (NC)

  • Wholesaling: Adheres to NCREC Advisory Opinion 2017-01.
  • UDTPA: Compliance with NC Unfair and Deceptive Trade Practices Act (NCGS § 75-1.1).
  • Privacy: Data handled per NC Identity Theft Protection Act (NCGS § 75-60).
  • Communications: Consent to calls/texts/emails (TCPA-compliant).

7. INTELLECTUAL PROPERTY & USE

Site content is Company property. Unauthorized commercial use prohibited.

8. CONTACT & DISCLOSURES

Velosell Home Buyers
207 W Millbrook Road, Suite 210
Raleigh, NC, US 27609
[Phone] | info@velosellhomebuyers.com
NC Wholesaling Disclosure .

ACKNOWLEDGEMENT

BY SUBMITTING OUR FORM, YOU CONFIRM:

  1. You read these Terms and our NC Wholesaling Disclosure .
  2. You understand we are NOT licensed agents/brokers.
  3. You consent to NC arbitration and communications.
  4. You agree to the verbatim NC Addendum in Section 2(b).

Legal Advisory:
This document complies with NC-specific statutes and NCREC guidance. Retain NC counsel to:

  • Finalize assignment agreement templates.
  • Validate escrow procedures.
  • Review “AS-IS” purchase clauses per NCGS § 39-4.4.
  • Ensure UDTPA compliance in marketing.