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Get the free South Dakota Seller's Property Condition Disclosure Statement - legis state sd

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This document serves as a legal disclosure prepared by the seller regarding the condition of a property, per South Dakota legislation. It requires the seller to provide detailed information about
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How to fill out South Dakota Seller's Property Condition Disclosure Statement

01
Begin by downloading the South Dakota Seller's Property Condition Disclosure Statement form from the appropriate government or real estate website.
02
Fill in your name and contact information as the seller at the top of the form.
03
Provide the property's address where indicated on the form.
04
Answer all relevant questions regarding the property, including its physical condition and any known issues such as structural defects, plumbing problems, or pest infestations.
05
Disclose any past insurance claims related to the property, if applicable.
06
Indicate if there have been any modifications or repairs made to the property, along with any relevant permits obtained.
07
Answer questions about the property's appliances and included systems, such as heating and cooling systems, and their current condition.
08
Review your answers carefully to ensure all information is accurate and complete before signing the document.
09
Date the disclosure statement and provide it to the buyer as part of the sales process.

Who needs South Dakota Seller's Property Condition Disclosure Statement?

01
The South Dakota Seller's Property Condition Disclosure Statement is required for anyone selling residential real estate in South Dakota, with certain exceptions such as sales by a government entity or properties being sold at foreclosure.
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The South Dakota Seller's Property Condition Disclosure Statement is a legal document that sellers must provide to potential buyers, outlining the condition of a property and disclosing any known issues or defects.
All sellers of residential real estate in South Dakota are required to file this disclosure statement, unless an exemption applies.
Sellers must complete the disclosure statement by answering questions regarding the property's condition, including past repairs, known issues, and overall maintenance, as truthfully and accurately as possible.
The purpose of the disclosure statement is to inform potential buyers of any defects or issues with the property, ensuring transparency and helping buyers make an informed decision.
The statement must report information about the structural integrity, systems (like plumbing, electrical, and HVAC), environmental hazards, past flooding or damage, and any known defects affecting the property.
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