Get Seller's Real Estate Disclosure Statement

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SELLER\\\'S DISCLOSURE STATEMENT The following is a Disclosure Statement, made by the Seller, concerning the condition of the property located at:___. This Disclosure is not a warranty of any kind
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FAQ

What Are Seller Disclosures and Why Are They Important? A seller disclosure helps protect the buyer from defects or problems with the home and surrounding property. The seller lists any known problems with the property on the disclosure form, giving the buyer advance notice of any repairs that may need to be made.

A seller disclosure helps protect the buyer from defects or problems with the home and surrounding property. The seller lists any known problems with the property on the disclosure form, giving the buyer advance notice of any repairs that may need to be made.

A Seller Disclosure is a document provided by a home seller to a home buyer that outlines known issues with a property and other historical details. A seller disclosure often includes details about defective appliances or systems, known repair issues or history of leaks or environmental contamination.

The typical seller disclosure form is several pages long, and it asks the seller to report known defects in the home. This will include the appliances, as well as information about electrical, heating, sewer, water or other mechanical systems.

A: Some states require just about all sellers to provide a seller disclosure form to a buyer, but in some cases, a seller is not required to deliver the disclosure. For example, if the seller's home is part of an estate or a foreclosure sale by a sheriff or court, a seller disclosure form may not be required.

A seller's disclosure form is a legally required statement that discloses important or relevant information to a real property buyer. A sellers property disclosure form is governed by state and federal laws. ... In real estate disclosure, a seller has to disclose to a buyer the latent defects in the property.

The property disclosure statement is required in most States to be completed by the seller to inform the buyer of any material defects or information by law to be mentioned. ... Once completed, the statement must be delivered to the buyer before or at the time an offer is placed.

The Property Condition Disclosure Act requires the seller of residential real property to cause this disclosure statement or a copy thereof to be delivered to a buyer or buyer's agent prior to the signing by the buyer of a binding contract of sale.

However, since a disclosure is a legally binding agreement, a serious seller should be willing to sign a disclosure form without hassle. So a buyer should be wary if a seller refuses to complete a seller's disclosure, which essentially allows sellers to hide what could be the negative condition of their home.

Delivery of the disclosure statement must occur not later than five business days, unless otherwise agreed, after mutual acceptance of a written contract to purchase between a buyer and a seller.