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PROPERTY DISCLOSURE STATEMENT RESIDENTIALPAGE 1 of _3_ PAGES ffll11liH COU.111!11, IH!\'AL \'!, \'YA\'Ti. #,$$QClATI01\'1Date of disclosure: May 2017 The following is a statement made by the seller

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How to fill out property disclosure statements in

01

Read the requirements for property disclosure statements in your state or locality.

02

Gather all necessary information and documentation related to the property.

03

Fill out the statement accurately and truthfully, providing all requested information.

04

Be thorough in disclosing any known issues or defects with the property.

05

Sign and date the disclosure statement to certify its accuracy.

Who needs property disclosure statements in?

01

Property disclosure statements are typically required for sellers of residential real estate.

02

They are intended to inform potential buyers of any known issues or defects with the property.

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What is property disclosure statements?

Property disclosure statements are legal documents that inform potential buyers about the condition and history of a property. They disclose known issues and defects to ensure transparency in the real estate transaction.

Who is required to file property disclosure statements?

Typically, sellers or their agents are required to file property disclosure statements. This ensures that all known issues related to the property are disclosed to prospective buyers.

How to fill out property disclosure statements?

To fill out property disclosure statements, sellers should provide detailed information about various aspects of the property, including structural issues, environmental hazards, and any past repairs or renovations. It's crucial to disclose all known issues truthfully and completely.

What is the purpose of property disclosure statements?

The purpose of property disclosure statements is to protect both the seller and the buyer by ensuring that buyers are fully informed about the property's condition and any potential issues before completing the sale.

What information must be reported on property disclosure statements?

The information that must be reported includes details about the property's condition, such as past flooding, foundation issues, roof problems, and the presence of hazardous materials. Other disclosures may include information about the neighborhood or any legal issues affecting the property.

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