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STATE OF NORTH CAROLINA RESIDENTIAL PROPERTY DISCLOSURE STATEMENT INSTRUCTIONS TO PROPERTY OWNERS 1. G.S. 47E requires owners of residential real estate (single-family homes and buildings with up

How to fill out property disclosure form

How to fill out a property disclosure form:

1. Start by downloading or obtaining a property disclosure form. These forms can usually be found online or obtained from your real estate agent or attorney.
2. Begin by providing your personal information at the top of the form, including your name, address, and contact information. This is necessary for identification purposes.
3. Read through the entire form carefully. The form typically includes various sections related to the condition and history of the property, including information about the structure, systems, and any known issues or defects.
4. Fill in each section of the form truthfully and accurately. It is important to disclose any known issues or defects to potential buyers, as failing to do so can lead to legal repercussions.
5. Provide detailed descriptions of any known issues or defects. This can include problems with the roof, plumbing, electrical systems, foundation, or other areas of the property. Be as specific as possible to give potential buyers a comprehensive understanding of the property's condition.
6. If there are areas or questions on the form that are not applicable or you do not have information about, mark them appropriately. It is important to only provide information that you know and can accurately disclose.
7. Review the completed form to ensure that all sections have been filled out correctly and accurately. Make sure you have provided all necessary information before signing the form.
8. Sign and date the property disclosure form. This signifies that you have accurately disclosed all known issues and defects to the best of your knowledge.
9. Keep a copy of the completed form for your records. It is also recommended to provide a copy to your real estate agent or attorney, as they may need it for future reference during the sale of the property.

Who needs a property disclosure form:

1. Home sellers: Property disclosure forms are typically required by law in many jurisdictions as part of the home selling process. Sellers are obligated to disclose any known issues or defects to potential buyers to ensure transparency and avoid legal disputes.
2. Real estate agents: Real estate agents also need property disclosure forms to understand and communicate the condition of the property to potential buyers. This helps them provide accurate information and guide their clients through the buying process.
3. Buyers: While buyers typically do not fill out property disclosure forms themselves, they need these forms to evaluate the condition and history of the property they are considering purchasing. The information provided in the form helps buyers make informed decisions and negotiate the terms of the sale.

For pdfFiller’s FAQs

What is property disclosure form?

A property disclosure form is a legal document that requires property sellers to reveal any known issues or defects with the property.

Who is required to file property disclosure form?

Property sellers are required to file the property disclosure form.

How to fill out property disclosure form?

Property sellers must provide accurate and detailed information about the property by answering all the questions on the form.

What is the purpose of property disclosure form?

The purpose of the property disclosure form is to protect buyers by ensuring they are aware of any issues with the property before purchase.

What information must be reported on property disclosure form?

Information such as known defects, past repairs, environmental hazards, and other relevant details about the property must be reported on the property disclosure form.

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