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Sellers Disclosure Statement Property address: MICHIGAN Street City, Village, or Township Purpose of Statement: This statement is a disclosure of the condition of the property in compliance with the
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How to fill out seller039s disclosure statement
How to fill out a seller's disclosure statement:
01
Begin by obtaining a seller's disclosure form from your local real estate agent or from your state's Department of Real Estate.
02
Carefully read through the entire form and familiarize yourself with the questions and requirements.
03
Start filling out the form by providing accurate and detailed information about your property. This may include the age of the home, any renovations or repairs done, and details about any major systems such as HVAC, plumbing, or electrical.
04
Disclose any known issues or defects with the property. It's crucial to be honest and transparent about any issues, even if they have been repaired or resolved.
05
Pay special attention to disclosing any past or current water damage, mold, or pest infestations. This information is essential to potential buyers.
06
Include information about any encroachments, easements, or zoning restrictions that may affect the property.
07
Disclose any knowledge of pending lawsuits or disputes related to the property.
08
If applicable, disclose any knowledge of previous insurance claims or damage due to natural disasters.
09
Sign and date the completed seller's disclosure form.
10
Keep a copy of the completed form for your records.
11
Prior to listing your property for sale, provide the seller's disclosure statement to your real estate agent or attorney for review.
Who needs a seller's disclosure statement:
01
Homeowners planning to sell their property.
02
Real estate agents who are representing sellers in a property transaction.
03
Potential buyers interested in purchasing a property may request a seller's disclosure statement for better understanding of the property's condition and any potential issues.
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What is seller's disclosure statement?
Seller's disclosure statement is a document where sellers disclose any known issues or defects with the property they are selling.
Who is required to file seller's disclosure statement?
In most states, sellers are required to file seller's disclosure statement when selling a property.
How to fill out seller's disclosure statement?
To fill out seller's disclosure statement, sellers must provide accurate and complete information about the property's condition.
What is the purpose of seller's disclosure statement?
The purpose of seller's disclosure statement is to protect buyers by providing them with information about the property's condition.
What information must be reported on seller's disclosure statement?
Information such as any known issues with the property, past repairs or renovations, and environmental hazards must be reported on seller's disclosure statement.
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