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Right of Way Remnant Property

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  • NCDOT Purchasing Process
    Process to Purchase Property from NCDOT
    1. A request for purchase is made to the local Division Right of Way Office.
    2. The Division Right of Way office requests written approvals from the Division Engineer, the State Negotiator and the State Property Agent.
    3. When this approval is received, the Division Agent requests an appraisal to determine the current market value.
    4. The Right of Way office then advertises in a local newspaper and notifies the adjoining owners and requesting party of pending sale and bid opening date.
    5. A Pre-Bid meeting may be held at the Division Right of Way office, depending on the value or complexity of the Remnants being sold.
    6. A Bid opening is held at Right of Way office. The highest acceptable bid is approved by the Manager of Right of Way.
    7. 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.
    8. Once the 10% cashier's check or certified check has been submitted to the Department, the Purchaser's 60 day Due Diligence period begins, and Purchaser is
      9. responsible for conducting any tests, examinations, inspections, research etc. on the property that they deem necessary regarding their intended use of the property.
    9. During the due diligence period, the transaction is then submitted by the State Property Agent for approval by the Board of Transportation.
    10. During the Due Diligence Period, if the Purchaser discovers a valid reason that the property is unusable for their purposes and submits that evidence in letter form to the Division Right of Way Agent, then the 10% earnest money deposit will be refunded. If there is no reason other than the Purchaser decides not to complete thetransaction, then the earnest money deposit will be forfeited.
    11. After approval from the Board of Transportation, the transaction is submitted for approval by the Council of State provided no issues are discovered during the due diligence period.
    12. The outstanding balance of sale is due when the Department delivers the Deed to the Purchaser.
    13. ​The Purchasing party is responsible for recording the deed and paying all required fees.​

  • NCDOT Disclaimer
    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.​​
    ​
  • Property Classification Definitions
    Property Classification Definitions:

    ​ A-class residues, by definition, are those residues that are buildable and have access. These are valued by an outside source, other than the Department of Transportation (Department) and are publicly advertised via various media and sold at public auction then conveyed to the highest bidder.

    B-class residues, by definition, are those residues that may or may not be buildable or may or may not have access. B-class residues having a value of $25,000 or greater, which has been determined by an outside source other than the Department or has an area greater than 1-acre are publicly advertised using various medias and sold at public auction then conveyed to the highest bidder. B-class residue having a value less than $25,000 as determined by an outside source other than the Department, and an area less than 1-acre are initially offered to all adjoining owners via certified mail, if there is interest, the residue is conveyed to the highest bidder; however, if there is no interest from the adjoining owners, the residue is publicly advertised on various medias and sold at public auction then conveyed to the highest bidder.

    C-class residues, by definition, are those residues that are not buildable or do not have access and have only one adjoining owner. C-class residues are initially offered to the adjoining owner via certified mail for a value determined by an outside source other than the Department. If the only adjoining owner is not interested in purchasing the residue, it is publicly advertised on various media and sold at public auction then conveyed to the highest bidder.​

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2/20/2025 11:52 AM