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SELLERS PROPERTY DISCLOSURE STATEMENT EXHIBIT Georgia2014 Printing This Sellers Property Disclosure Statement (Statement) is an exhibit to the Purchase and Sale Agreement with an Offer Date of for

How to fill out sellers property disclosure statement

How to fill out a seller's property disclosure statement:

1. Start by carefully reading through the entire form to understand what information is being requested. Make sure you have all the necessary documents and information at hand before you begin filling out the form.
2. Begin by providing your personal information, such as your name, address, and contact details. This will help identify you as the seller and allow the buyer to reach out to you if needed.
3. Next, go through each section of the disclosure statement and answer the questions truthfully and to the best of your knowledge. It is essential to provide accurate and complete information about the property's condition and any known issues.
4. Provide details about the property's structure, including the age, type of construction, and any renovations or additions that have been made. Mention any recent repairs or improvements that you have made, as well as any warranties that may still be in effect.
5. Describe the property's systems, such as electrical, plumbing, heating, and cooling. Mention the age and condition of each system and highlight any repairs or upgrades that have been done.
6. Disclose any known issues or problems with the property, such as water leaks, pest infestations, mold, or foundation problems. Provide a detailed description of the problem and any steps you have taken to address it.
7. If the property is part of a homeowner's association (HOA) or governed by any restrictive covenants, provide details about the association, its rules, fees, and any pending or ongoing litigation involving the association.
8. If there have been any insurance claims filed related to the property in the past, disclose the nature of the claim and any repairs that were made as a result.
9. If you are aware of any environmental hazards or conditions, such as lead-based paint, asbestos, or underground storage tanks, disclose it in this section. If you have completed any environmental testing or remediation, provide details about those as well.
10. Finally, review the completed disclosure statement for accuracy and completeness before signing and dating it. Keep a copy for your records and provide a copy to the buyer.

Who needs a seller's property disclosure statement?

A seller's property disclosure statement is typically required by law in many jurisdictions to protect home buyers from unforeseen issues and to provide them with essential information about the property they are purchasing. It is necessary for anyone selling a residential property, including individual homeowners, real estate investors, and builders or developers.

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What is sellers property disclosure statement?

The sellers property disclosure statement is a document completed by the seller of a property that discloses any known defects or issues with the property.

Who is required to file sellers property disclosure statement?

In most states, sellers are required to file a sellers property disclosure statement when selling a property.

How to fill out sellers property disclosure statement?

Sellers can fill out the property disclosure statement by providing detailed information about the condition of the property, including any known issues or defects.

What is the purpose of sellers property disclosure statement?

The purpose of the sellers property disclosure statement is to inform potential buyers about any known issues or defects with the property before a sale is finalized.

What information must be reported on sellers property disclosure statement?

Sellers must report any known issues or defects with the property, such as leaks, mold, electrical problems, or other issues that could affect the value or safety of the property.