Get the free BUYER S DISCLOSURE STATEMENT - khaminc.com

1993 California Association of Business Brokers Form #13b, Rev 09/15 ADDENDUM TO DISCLOSURE STATEMENT SELLER IS BUYER IS Business Broker Buyer Broker s Agent

How to fill out buyer s disclosure statement

How to Fill Out Buyer's Disclosure Statement:

1. Begin by obtaining the official buyer's disclosure statement form from your real estate agent or the appropriate government agency. This form is typically required during the process of purchasing a property.
2. Carefully read through the entire disclosure statement form to understand the information it requires. It is crucial to provide accurate and detailed information to avoid any legal complications in the future.
3. Start by entering your personal details in the designated section of the form. This may include your full name, contact information, and any other relevant identification details.
4. Specify the address of the property you intend to purchase. This should include the street address, unit or apartment number if applicable, city, state, and zip code.
5. Provide a thorough description of the property. Include details such as the type of property (e.g., single-family home, condo), the number of bedrooms and bathrooms, the square footage, and any notable features or amenities.
6. Disclose any known material defects or issues with the property. This could include structural problems, plumbing or electrical issues, past repairs, or any potential hazards that might affect the property's value or safety.
7. If you have conducted any inspections or surveys on the property, indicate the dates on which they were performed. Be sure to attach relevant documentation or reports as necessary.
8. Confirm if there are any ongoing legal disputes or claims involving the property. This may include pending lawsuits, property liens, or disputes with neighbors or homeowners' associations.
9. Provide information regarding any encumbrances or easements affecting the property. This could involve rights granted to utility companies, shared driveways, or any other limitations on the use of the property.
10. Sign and date the buyer's disclosure statement to validate the accuracy and completeness of the information provided. In some cases, you may also require the signature of your real estate agent or attorney.

Who Needs Buyer's Disclosure Statement:

1. Home Buyers: Any individual or entity planning to purchase residential real estate is typically required to fill out a buyer's disclosure statement. This helps ensure that buyers are aware of important information regarding the property before committing to the purchase.
2. Sellers: In some cases, sellers may also be required to complete a disclosure statement, informing potential buyers about any known defects or issues with the property. This helps create transparency and establishes a fair transaction process.
3. Real Estate Agents and Attorneys: Professionals involved in the real estate transaction process, such as real estate agents and attorneys, need to familiarize themselves with the buyer's disclosure statement requirements. They can guide their clients through the process and ensure compliance with legal obligations.

Note: The specific requirements for a buyer's disclosure statement may vary depending on the region or jurisdiction in which the property is located. It is advisable to consult with a local real estate professional or legal expert to ensure accurate completion of the form.

For pdfFiller’s FAQs

Can I create an electronic signature for the buyer s disclosure statement in Chrome?

You can. With pdfFiller, you get a strong e-signature solution built right into your Chrome browser. Using our addon, you may produce a legally enforceable eSignature by typing, sketching, or photographing it. Choose your preferred method and eSign in minutes.

How do I edit buyer s disclosure statement straight from my smartphone?

The easiest way to edit documents on a mobile device is using pdfFiller’s mobile-native apps for iOS and Android. You can download those from the Apple Store and Google Play, respectively. You can learn more about the apps here. Install and log in to the application to start editing buyer s disclosure statement.

Can I edit buyer s disclosure statement on an Android device?

You can edit, sign, and distribute buyer s disclosure statement on your mobile device from anywhere using the pdfFiller mobile app for Android; all you need is an internet connection. Download the app and begin streamlining your document workflow from anywhere.

What is buyer s disclosure statement?

The buyer's disclosure statement is a document that provides information about the condition of a property being sold.

Who is required to file buyer s disclosure statement?

Buyers are typically required to fill out and file the buyer's disclosure statement when purchasing a property.

How to fill out buyer s disclosure statement?

Buyers can fill out the buyer's disclosure statement by providing accurate and detailed information about the property's condition.

What is the purpose of buyer s disclosure statement?

The purpose of the buyer's disclosure statement is to inform potential buyers about any known issues or defects with the property.

What information must be reported on buyer s disclosure statement?

Buyers must report any known issues, defects, or concerns about the property on the buyer's disclosure statement.