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DocuSign Envelope ID: 0A5FCFD2D5674F8BAB9993735254B2A6 INFORMATION ABOUT THE PROPERTY DISCLOSURE STATEMENT STRATA TITLE PROPERTIES THIS INFORMATION IS INCLUDED FOR THE ASSISTANCE OF THE PARTIES ONLY.

How to fill out property disclosure statement

How to fill out property disclosure statement

1. Begin by obtaining a property disclosure statement form from your local real estate association or from the seller of the property.
2. Carefully read through the entire form to understand what information needs to be disclosed.
3. Start by filling out the basic details section, including the property address, seller's name, and the date the form is being filled out.
4. Proceed to the next section where you will disclose any known material defects of the property. This includes issues such as structural problems, electrical or plumbing issues, or past water damage.
5. Detail any renovations or repairs that have been made to the property, including the dates and nature of the work done.
6. Include information about any past insurance claims filed for the property.
7. Disclose any environmental hazards or contamination that may be present on the property.
8. Provide information regarding any legal disputes or pending litigation involving the property.
9. Finally, review the completed form to ensure all necessary information has been accurately provided.
10. Sign and date the property disclosure statement, and ensure all parties involved receive a copy of the form.

Who needs property disclosure statement?

1. Home sellers who are involved in a real estate transaction are typically required to complete a property disclosure statement.
2. Homebuyers often request a property disclosure statement from the seller to gain insights into the condition of the property.
3. Real estate agents or brokers may also need property disclosure statements for their records or to fulfill legal requirements.
4. Additionally, mortgage lenders or insurance providers may request a property disclosure statement to assess the risk and value of the property.

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What is property disclosure statement?

Property disclosure statement is a document completed by the seller of a property that provides information about the condition of the property.

Who is required to file property disclosure statement?

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

How to fill out property disclosure statement?

Property disclosure statements can vary by state but typically include questions about the condition of the property, any known issues, and any recent repairs or renovations.

What is the purpose of property disclosure statement?

The purpose of a property disclosure statement is to inform potential buyers about any known issues with the property before they make an offer.

What information must be reported on property disclosure statement?

Information that must be reported on a property disclosure statement typically includes information about the property's structure, systems, and any known issues.