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SELLERS PROPERTY DISCLOSURE STATEMENT (NEW CONSTRUCTION) EXHIBIT Georgia2020 Printing N This Sellers Property Disclosure Statement (Statement) is an exhibit to the New Construction Purchase and Sale

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How to fill out sellers property disclosure statement

01

Start by reviewing the sellers property disclosure statement form provided by your local real estate association or agency.

02

Take the time to thoroughly inspect your property and make note of any known issues or defects that you are aware of.

03

Complete each section of the form accurately and honestly, providing detailed information about the property's condition.

04

Include any relevant supporting documentation or reports, such as inspection reports or repair receipts.

05

Make sure to disclose any past or present problems with the property, including issues with plumbing, electrical systems, foundation, roof, or any other structural elements.

06

Do not withhold or omit any information, as it may lead to legal consequences.

07

Sign and date the completed sellers property disclosure statement, acknowledging that the information provided is true and accurate to the best of your knowledge.

08

Provide a copy of the disclosure statement to potential buyers or their agents as required by law.

09

Consult with a real estate attorney or agent if you have any doubts or questions regarding the disclosure process.

Who needs sellers property disclosure statement?

01

Anyone selling residential real estate or property typically needs to fill out and provide a sellers property disclosure statement.

02

This includes individual homeowners, real estate investors, developers, and anyone else involved in the sale of property.

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What is sellers property disclosure statement?

A sellers property disclosure statement is a legal document that provides information about the condition of a property being sold, disclosing any known issues or defects to potential buyers.

Who is required to file sellers property disclosure statement?

Typically, sellers of residential real estate are required to file a sellers property disclosure statement. This includes individual sellers as well as entities like corporations or trusts sold by an agent.

How to fill out sellers property disclosure statement?

To fill out a sellers property disclosure statement, a seller should review the property thoroughly, answer all questions accurately regarding the property's condition, and provide any documentation for repairs or improvements made.

What is the purpose of sellers property disclosure statement?

The purpose of the sellers property disclosure statement is to inform potential buyers about the condition of the property, ensuring transparency and helping buyers make informed decisions.

What information must be reported on sellers property disclosure statement?

Information that must be reported includes structural issues, plumbing and electrical system conditions, roof conditions, pest infestations, environmental hazards, and any legal issues related to the property.

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