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Contracts Disclosure Forms form can be completed online at www.sanantonio.gov/ethics. If form cannot be completed online, please print, complete and submit with proposal. All questions must be answered.
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What is property disclosure statement?
A property disclosure statement is a document that provides potential buyers with information about the condition and history of a property, including any defects or issues that may affect its value or desirability.
Who is required to file property disclosure statement?
Typically, sellers of residential real estate are required to file a property disclosure statement to inform buyers about the property's condition and any known issues.
How to fill out property disclosure statement?
To fill out a property disclosure statement, sellers should carefully assess the property for any issues, complete the standard form provided by their state or local authority, and disclose all known defects, repairs, and pertinent information honestly.
What is the purpose of property disclosure statement?
The purpose of a property disclosure statement is to provide transparency in real estate transactions, protect buyers by informing them of potential problems, and reduce the risk of future disputes between buyers and sellers.
What information must be reported on property disclosure statement?
Information that must be reported on a property disclosure statement generally includes the condition of major systems (like electrical, plumbing, and heating), past repairs, environmental hazards, and any other known defects.
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