SC Residential Property Condition Disclosure Statement 2003 free printable template

SECTION 275010. Definitions. As used in this article: (1) Commission means the South Carolina Real Estate Commission. (2) Disclosure statement means a residential property condition disclosure statement

How to fill out SC Residential Property Condition Disclosure Statement

How to fill out SC Residential Property Condition Disclosure Statement

1. Obtain a copy of the SC Residential Property Condition Disclosure Statement form from the South Carolina Association of REALTORS® or a relevant website.
2. Read through the form carefully to understand each section and the information required.
3. Gather information about the property's condition, including any known defects or issues with the roof, plumbing, electrical systems, appliances, and structural components.
4. Fill out the sections of the disclosure statement as accurately and honestly as possible, indicating any items that need attention or repair.
5. Sign and date the form, indicating that the information provided is true to the best of your knowledge.
6. Provide the completed disclosure statement to potential buyers in a timely manner during the sale process.

Who needs SC Residential Property Condition Disclosure Statement?

1. Sellers of residential properties in South Carolina are required to complete the SC Residential Property Condition Disclosure Statement.
2. Real estate agents and brokers involved in residential sales also need the statement to inform potential buyers about the condition of the property.

People Also Ask about

Who's responsible for completing the South Carolina Residential Property Condition Disclosure Statement?

South Carolina law requires a Seller Disclosure form be completed by the seller and given to the buyer prior to entering into a contract of sale. This includes transfers of residential real property consisting of at least one, but not more than four, dwellings units.

What is the purpose of the South Carolina Residential Property Condition Disclosure law?

The South Carolina Residential Property Condition Disclosure Act, the “Act,” is a statute that requires that every seller of a residence must complete a statement disclosing any problems in the residence and provide a copy of the statement to a purchaser of the property.

Is a property disclosure statement required in SC?

The South Carolina Residential Property Condition Disclosure Act, the “Act,” is a statute that requires that every seller of a residence must complete a statement disclosing any problems in the residence and provide a copy of the statement to a purchaser of the property.

Is a property disclosure required in South Carolina?

South Carolina requires a seller of residential property to disclose known defects, damages, and other issues to a potential buyer prior to entering into a contract for sale.

What is the purpose of the South Carolina Residential Property Disclosure Form?

Before you can form a real estate contract with a potential buyer for your South Carolina home, state law requires that you give that buyer a "disclosure statement." This is a document that tells the buyer about any known defects in your home and property. Defects come in all shapes and sizes.

What is the Residential Property Condition Disclosure Act in South Carolina?

The South Carolina Code of Laws requires that an owner of residential real property (single family dwelling unit or a single transaction involving transfer of four dwelling units or less) to provide to a purchaser a completed and signed Residential Property Condition Disclosure Statement prior to forming a real estate

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What is SC Residential Property Condition Disclosure Statement?

The SC Residential Property Condition Disclosure Statement is a legal document that provides a list of the condition of various aspects of a residential property, including its systems and structures, to inform potential buyers.

Who is required to file SC Residential Property Condition Disclosure Statement?

Sellers of residential properties in South Carolina are required to file the SC Residential Property Condition Disclosure Statement.

How to fill out SC Residential Property Condition Disclosure Statement?

To fill out the SC Residential Property Condition Disclosure Statement, sellers must complete the form by answering a series of questions regarding the property's condition, including any known defects or issues.

What is the purpose of SC Residential Property Condition Disclosure Statement?

The purpose of the SC Residential Property Condition Disclosure Statement is to ensure transparency in real estate transactions, allowing buyers to make informed decisions by understanding the condition of the property.

What information must be reported on SC Residential Property Condition Disclosure Statement?

The statement must report information about the property's structural components, systems (like plumbing, electrical, HVAC), any known defects, past repairs or upgrades, and any environmental hazards.