The statutory window
Until midnight of the fifth day after the later of signing or receiving the public offering statement and the other documents the statute requires.
When the clock starts. The later of execution or receipt of those documents.
How notice is treated. A mailed notice counts as given on the postmark date if the developer or independent escrow agent actually receives it. An electronic notice counts when transmitted, if it is actually received. A closing may not happen until the cancellation period has expired, and the right cannot be waived.
Checked 2026-10-26 against N.C. Gen. Stat. § 93A-45. Statutes are amended. Your contract can give you longer than the statute. Confirm both before you rely on a date.
What to do if the purchase is recent
- Find the cancellation address in the contract. Do not use the sales desk’s verbal instructions as a substitute.
- Send a short writing that says you cancel, names the contract, and is signed. Keep a copy.
- Use the delivery method the contract, or the statute, treats as effective. Certified mail is often safer than a regular email even when email is allowed.
- Do not sign a waiver of your cancellation right while the window might still be open.
- Do not stop there if a closing already happened. Some statutes treat an early closing as voidable for much longer, and that question belongs with a lawyer.
If you have owned it for years
This statute will not unwind an old purchase. The later path is the contract you have now: maintenance, any loan, the term, and whether the developer offers a real release. That review is the contract-cancellation service, not this page.