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SELLERS PROPERTY DISCLOSURE STATEMENT EXHIBIT 2019 PrintingLYThis Sellers Property Disclosure Statement (Statement) is an exhibit to the Purchase and Sale Agreement with an Offer Date of for the Property

How to fill out property disclosure statement

How to fill out property disclosure statement

1. Start by obtaining a property disclosure statement form from the appropriate source or website.
2. Read the instructions carefully to understand what information needs to be disclosed.
3. Begin filling out the form by providing the basic details of the property, such as its address, size, and type of property (residential, commercial, etc.).
4. Proceed to disclose any known material defects or issues with the property. This may include previous repairs, pest infestations, water damage, structural problems, or any other issues that may affect the property's value or safety.
5. Include information about the age and condition of major systems and appliances within the property, such as the HVAC, electrical, plumbing, and other utilities.
6. If applicable, disclose any pending legal actions or past disputes related to the property.
7. Complete the form by signing and dating it, indicating that the information provided is true and accurate to the best of your knowledge.
8. Make copies of the completed property disclosure statement for your records and provide the original to the appropriate party, such as the buyer, real estate agent, or attorney involved in the transaction.

Who needs property disclosure statement?

1. The property disclosure statement is typically required by law in real estate transactions. Therefore, anyone involved in buying or selling real estate, including both buyers and sellers, may need to fill out a property disclosure statement. Additionally, real estate agents and attorneys representing buyers or sellers may also require the property disclosure statement to accurately represent the condition and history of the property.

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What is property disclosure statement?

The property disclosure statement is a document that provides information about the condition and history of a property, typically completed by the seller.

Who is required to file property disclosure statement?

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

How to fill out property disclosure statement?

The property disclosure statement is typically filled out by the seller, providing information about the property's condition, history, and any known issues.

What is the purpose of property disclosure statement?

The purpose of the property disclosure statement is to inform the buyer about any known issues or defects with the property before the sale is finalized.

What information must be reported on property disclosure statement?

Information such as past repairs, renovations, water damage, pest infestations, and other important details about the property must be reported on the property disclosure statement.