Get the free Residential Property Disclosure Statement

This document provides instructions to property owners in North Carolina about the requirements for disclosing property conditions when selling residential real estate.

How to fill out residential property disclosure statement

How to fill out Residential Property Disclosure Statement

1. Begin with the property address and date at the top of the form.
2. Fill out the owner's details, including names and contact information.
3. Answer questions regarding the property's condition, including structural issues, plumbing, electrical systems, and any known hazards.
4. Disclose any past or current pest infestations and any remediation efforts taken.
5. Indicate if there have been any renovations or major repairs, providing details and dates.
6. Include information regarding the neighborhood, such as zoning changes or planned developments.
7. Review the form for accuracy and completeness.
8. Sign and date the form, acknowledging that the information provided is true to the best of your knowledge.

Who needs Residential Property Disclosure Statement?

1. Homeowners selling residential property.
2. Real estate agents assisting sellers.
3. Potential home buyers reviewing property disclosures.

People Also Ask about

How to fill out a seller's property disclosure?

What should a Seller's Disclosure include? List of specific issues the homeowner must check off if the home has them. Questions about the property the seller must answer with “Yes,” “No” or “Unknown” Space to provide further explanation of the issue and if it was fixed.

What is a residential property condition disclaimer statement?

Property disclosure statements essentially outline any flaws that the home sellers (and their real estate agents) are aware of that could negatively affect the home's value. These statements are required by law in most areas of the country so buyers can know a property's good and bad points before they close the deal.

Who fills out the seller's property disclosure statement?

The seller and any broker(s)/agent(s) involved are to participate in the disclosures. If more than one broker/agent is involved, the broker/agent obtaining the offer is to deliver the disclosures to the prospective buyer unless the seller instructs otherwise.

What should the seller's property disclosure statement reveal?

Examples of material facts that must be disclosed include structural problems with the house, soil problems, a leaking roof, unpermitted construction, neighborhood noise problems, and anything else that a buyer would deem to be important.

What is a residential property disclosure statement?

The second section is a detailed disclosure of any specific issues that the seller is aware of. It can include anything from problems with the roof to potential safety hazards in the home. The disclosure statement is important as it can allow buyers to see any potential issues with the property before they purchase.

What is an example of a disclosure statement?

I hereby certify that, to the best of my knowledge, neither I (including any member of my immediate family) nor any individual or entity with whom or wijt h which I have a significant working relationship have (has) received something of value from a commercial party related directly or indirectly to the subject of

What is the purpose of a property disclosure statement?

A disclosure document details a property's condition and what might negatively affect its value. Sellers who willfully conceal information can be sued and potentially convicted of a crime.

What is the purpose of the disclosure statement?

It is typically used to ensure transparency and to inform individuals of any potential conflicts of interest or risks associated with the matter at hand.

For pdfFiller’s FAQs

What is Residential Property Disclosure Statement?

The Residential Property Disclosure Statement is a document that provides potential buyers with important information about a residential property, including its condition and any known issues.

Who is required to file Residential Property Disclosure Statement?

Typically, sellers of residential properties are required to file a Residential Property Disclosure Statement to disclose any known defects or issues related to the property to potential buyers.

How to fill out Residential Property Disclosure Statement?

To fill out the Residential Property Disclosure Statement, a seller must answer specific questions regarding the property's condition, any repairs or issues, and relevant legal disclosures, usually in a standard format provided by state or local real estate authorities.

What is the purpose of Residential Property Disclosure Statement?

The purpose of the Residential Property Disclosure Statement is to inform potential buyers about the condition of the property, help them make informed decisions, and promote transparency in the real estate transaction process.

What information must be reported on Residential Property Disclosure Statement?

Information that must be reported includes any known structural issues, plumbing or electrical defects, history of water damage, pest infestations, environmental hazards, and any other material facts that could affect the property's value or safety.