Get the free PROPERTY DISCLOSURE STATEMENT - RESIDENTIAL - 2014

CBREALTORREALTORS ASSOCIATION OF NEW MEXICO PROPERTY DISCLOSURE STATEMENT RESIDENTIAL 2014 INSTRUCTIONS AND ACKNOWLEDGEMENT REGARDING THIS FORM This Statement discloses Seller's current, actual knowledge

How to fill out property disclosure statement

How to fill out property disclosure statement

1. Start by obtaining a copy of the property disclosure statement form.
2. Carefully read and familiarize yourself with the form and its sections.
3. Begin by providing your personal information, such as your name, address, and contact details.
4. Identify the property for which you are filling out the disclosure statement by providing its address and legal description.
5. Proceed to the first section of the form, which typically asks about the condition of the property's structure.
6. Answer all the questions in this section truthfully and to the best of your knowledge.
7. Move on to the subsequent sections, which may inquire about the property's mechanical systems, plumbing, electricals, and any recent repairs or renovations.
8. Provide complete and accurate information for each question or category.
9. Take note of any additional instructions or requirements mentioned on the form.
10. Once you have completed all the sections and questions, carefully review your responses.
11. Make any necessary changes or additions before signing the disclosure statement.
12. Sign and date the form to confirm that the information provided is true and accurate.
13. Keep a copy of the filled-out disclosure statement for your records.
14. Submit the signed disclosure statement to the relevant parties involved in the property transaction, such as the buyer, seller, real estate agents, or attorneys.

Who needs property disclosure statement?

1. The property disclosure statement is typically required by sellers of residential real estate.
2. It serves as a legal document that outlines any known material defects or issues with the property.
3. It is primarily used to inform potential buyers about the condition of the property and any pertinent information that may affect their decision to purchase.
4. Real estate agents, attorneys, and other professionals involved in property transactions may also need the property disclosure statement to fulfill legal and ethical obligations.

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What is property disclosure statement?

Property disclosure statement is a document that provides information about the condition of a property being sold.

Who is required to file property disclosure statement?

Sellers of real estate properties are required to file property disclosure statements.

How to fill out property disclosure statement?

Property disclosure statements can be filled out by providing accurate information about the property's condition and any known issues.

What is the purpose of property disclosure statement?

The purpose of a property disclosure statement is to inform potential buyers about the condition of the property and any issues that may exist.

What information must be reported on property disclosure statement?

Information such as the age of the property, known defects, renovations, and any environmental hazards must be reported on the property disclosure statement.