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SELLERS PROPERTY DISCLOSURE STATEMENT (NEW CONSTRUCTION) D EXHIBIT Georgia REALTORS 2015 Printing This Sellers Property Disclosure Statement (Statement) is an exhibit to the New Construction Purchase

How to fill out sellers property disclosure statement

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

1. Start by carefully reviewing the entire form to ensure you understand each section and question.
2. Begin filling out the form by providing your personal information, including your name, address, and contact details.
3. Move on to the property details section where you will need to provide information about the property being sold, such as the address, type of property, and any previous improvements or renovations.
4. Proceed to the section regarding the property's structure and systems. Here, you will need to disclose information about the roof, foundation, plumbing, electrical systems, HVAC, and any known issues or repairs.
5. Next, complete the section on environmental concerns, such as the presence of lead-based paint, asbestos, mold, or any past contamination issues on the property.
6. If applicable, provide details about any ongoing legal or financial concerns related to the property, such as liens, pending lawsuits, or any past insurance claims.
7. In the final section, disclose any additional information that is necessary or relevant to the property, ensuring you mention any defects, damage, or issues that could affect the buyer's decision.
8. Sign and date the form once you have completed all the necessary sections, acknowledging that the information provided is accurate and truthful to the best of your knowledge.

Who needs a seller's property disclosure statement?

1. Sellers who are selling residential real estate are generally required to fill out a seller's property disclosure statement.
2. This is necessary to inform potential buyers about any known issues or defects with the property that might affect their decision to purchase.
3. The seller's property disclosure statement is particularly important for legal and ethical reasons as it helps establish transparency and promotes good faith between the seller and buyer.

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What is sellers property disclosure statement?

The sellers property disclosure statement is a document where the seller discloses any known issues or defects with the property they are selling.

Who is required to file sellers property disclosure statement?

Sellers are typically required to file the sellers property disclosure statement.

How to fill out sellers property disclosure statement?

To fill out the sellers property disclosure statement, the seller must answer all questions honestly and to the best of their knowledge.

What is the purpose of sellers property disclosure statement?

The purpose of the sellers property disclosure statement is to inform potential buyers of any known issues or defects with the property that could affect its value or safety.

What information must be reported on sellers property disclosure statement?

Information such as past repairs, renovations, pest infestations, water damage, and any other issues must be reported on the sellers property disclosure statement.