Get the free Property Disclosure Form - REHonors.com

The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (LC 18-5-04) THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES

How to fill out property disclosure form

How to fill out a property disclosure form:

1. Start by obtaining a property disclosure form from your real estate agent or attorney. This form is typically required when selling a property and aims to disclose any known issues or defects with the property.
2. Begin by providing basic information about the property, such as the address, the current owner's name, and the date of completion of the form.
3. Take your time to thoroughly review the form and answer each question accurately and honestly. Failure to disclose relevant information could lead to legal issues in the future.
4. The form may ask specific questions about the condition of the property, such as structural issues, plumbing, electrical systems, known pests or infestations, past or present leaks, and any renovations or additions made to the property. Answer each question truthfully and to the best of your knowledge.
5. If you're unsure about certain aspects of the property's condition, it's advisable to consult with professionals, such as contractors or inspectors, to ensure accurate and informed responses.
6. Be sure to include any relevant documentation or reports that support your answers, such as inspection reports, warranties, or repair receipts.
7. If there have been any recent repairs or renovations made to the property, provide details about the work done, including dates, permits obtained, and contractors hired.
8. Remember to sign and date the form once you have completed all the necessary sections. Some jurisdictions may require witnesses or notarization, so be sure to comply with local regulations.
9. Keep a copy of the completed property disclosure form for your records and provide a copy to the buyer or their representative.
10. Seek professional advice from your real estate agent or attorney if you have any concerns or questions about filling out the property disclosure form accurately.

Who needs a property disclosure form:

1. Sellers: Property disclosure forms are typically required by sellers or homeowners who are listing their property for sale. It is their responsibility to disclose any known issues or defects to potential buyers.
2. Buyers: While buyers may not directly fill out a property disclosure form, they rely on the information provided by sellers to make informed decisions about purchasing a property. Buyers should carefully review the disclosure form and ask questions if any areas of concern arise.
3. Real estate agents and attorneys: Real estate professionals and attorneys involved in the buying or selling process may be responsible for providing property disclosure forms to their clients and ensuring that they are properly completed. They can also offer guidance and advice to their clients regarding the form's completion.

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What is property disclosure form?

The property disclosure form is a document that requires the seller to disclose any known issues or defects with the property they are selling.

Who is required to file property disclosure form?

In most real estate transactions, the seller is required to file the property disclosure form.

How to fill out property disclosure form?

The seller must carefully fill out all sections of the property disclosure form, disclosing any known issues or defects with the property.

What is the purpose of property disclosure form?

The purpose of the property disclosure form is to protect the buyer by providing them with important information about the condition of the property.

What information must be reported on property disclosure form?

The seller must report any known issues or defects with the property, such as leaks, structural problems, or environmental hazards.