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Page 1 of 5SELLER DISCLOSURE OF PROPERTY CONDITION (To be delivered prior to buyer making Offer to Buy Real Estate)Property Owner(s) & Address: Brian Mellower 1310 15th Street, Ha warden, IA 51023

How to fill out seller disclosure of property

How to fill out seller disclosure of property

1. To fill out a seller disclosure of property, follow these steps:
2. Start by carefully reading the form. Understand what information is required to be disclosed.
3. Gather all relevant documents and information related to the property, such as past renovations, repairs, or known issues.
4. Fill in the seller's name, property address, and contact information at the beginning of the form.
5. Proceed to answer each question or provide the requested details truthfully and to the best of your knowledge.
6. If there is insufficient space in the form for a detailed response, attach additional sheets with relevant information.
7. Provide accurate and complete information regarding the property's condition, any existing problems, or potential hazards.
8. Include any known defects, malfunctions, or issues with the property's systems, such as plumbing, electrical, or HVAC.
9. Remember to disclose any history of flooding, drainage problems, or water damage the property may have experienced.
10. If any warranties or guarantees were provided for the property or specific elements, disclose the details.
11. Review the completed form thoroughly to ensure all necessary information has been disclosed.
12. Sign and date the seller disclosure form, acknowledging that the provided information is accurate to the best of your knowledge.
13. Provide the completed form to the buyer or their agent before closing the sale.

Who needs seller disclosure of property?

1. Every individual or entity selling residential real estate needs to provide a seller disclosure of property.
2. This typically includes homeowners, landlords, property investors, real estate agents, or anyone acting as a seller.
3. In some regions, even properties that are being sold 'as is' may still require a basic seller disclosure form.
4. The purpose of a seller disclosure is to inform potential buyers about the condition and history of the property,
5. ensuring transparency and allowing buyers to make an informed decision before purchasing.

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What is seller disclosure of property?

Seller disclosure of property is a document in which the seller provides information about the condition of the property to the buyer.

Who is required to file seller disclosure of property?

In most cases, the seller of a property is required to file seller disclosure of property.

How to fill out seller disclosure of property?

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

What is the purpose of seller disclosure of property?

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

What information must be reported on seller disclosure of property?

Information such as the age of the property, any renovations or repairs done, presence of pests or mold, and any past or current issues must be reported on seller disclosure of property.