Home Seller Dies While Under Contract

If a home seller dies while they are under contract with a buyer, is the contract still binding on their heirs?

The answer: yes

This is spelled out by paragraph 17 of Standard Offer To Purchase Form 2-T, and is also supported by North Carolina General Statutes.

If the buyer chooses, they can compel the contract to be honored.

If the heirs are unable to complete the transaction within 7 days of the settlement date, they would be in breach of contract, and the buyer would be entitled to remedies spelled out in paragraph 23, which would include recovery deposits and any inspection and loan costs.