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SELLERS PROPERTY DISCLOSURE STATEMENT (LOT/LAND) EXHIBIT Georgia REALTORS 2015 Printing This Sellers Property Disclosure Statement (Statement) is an exhibit to the Purchase and Sale Agreement with

How to fill out sellers property disclosure statement

How to fill out sellers property disclosure statement:

1. Begin by gathering all relevant information about the property. This includes details about the age of the property, any renovations or repairs made, and any known issues or defects.
2. Carefully review the disclosure statement form provided by your local real estate association or state government. Make sure you understand each section and what information is required.
3. Start with the general property information section, where you provide details about the address, size, and legal description of the property.
4. Move on to the structural and mechanical systems section, where you disclose information about the condition of the foundation, roof, plumbing, electrical systems, and heating/cooling systems.
5. Next, disclose any environmental concerns or hazards that may be present on or near the property, such as flood zones, asbestos, mold, or lead-based paint.
6. Include any information about past or ongoing legal issues or property disputes, as well as any liens or encumbrances on the property.
7. Finally, provide a section for additional disclosures, where you can include any other relevant details not covered in previous sections.
8. Sign and date the disclosure statement, acknowledging that the information provided is accurate and complete to the best of your knowledge.

Who needs sellers property disclosure statement:

1. Homeowners or property owners who are selling their property are typically required to provide a sellers property disclosure statement.
2. Real estate agents and brokers often request that sellers complete this document to comply with state laws and protect themselves from potential liability.
3. Buyers of the property also benefit from receiving a sellers property disclosure statement, as it provides them with important information about the condition and history of the property they are considering purchasing.

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