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SELLER S PROPERTY DISCLOSURE STATEMENT (CONDOMINIUM) EXHIBIT Georgia REALTORS 2015 Printing This Seller s Property Disclosure Statement (Statement) is an exhibit to the Condominium Purchase and Sale
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How to fill out seller39s property disclosure statement
How to Fill Out Seller's Property Disclosure Statement:
01
Start by carefully reviewing the form: Take the time to thoroughly read the seller's property disclosure statement form provided to you. Understand the sections and questions asked in order to accurately provide the necessary information.
02
Conduct a thorough property inspection: Before filling out the form, thoroughly inspect your property. Take note of any visible issues, defects, or repairs that need to be disclosed. This may include structural issues, water damage, plumbing or electrical problems, pests, or any other significant concerns.
03
Disclose all known information: The seller's property disclosure statement aims to provide potential buyers with comprehensive information about the property's condition. It is crucial to disclose all known problems, even if they have been repaired or resolved. Be honest and transparent about past issues and the steps taken to rectify them.
04
Consult experts if unsure: If you are unsure about any particular question or disclosure, consult with professionals such as home inspectors, contractors, or real estate agents. Their expertise can help ensure that you provide accurate and complete information.
05
Fill out each section accurately: Carefully complete each section of the form, paying attention to details and providing specific answers where necessary. Include any necessary attachments or additional explanations when required.
06
Sign and date the form: Once you have filled out the seller's property disclosure statement, sign and date it. Make sure to keep a copy for your records.
Who needs a Seller's Property Disclosure Statement:
01
Homeowners selling a property: If you are a homeowner planning to sell your property, you are required to provide a seller's property disclosure statement to potential buyers. This ensures transparency and allows buyers to make informed decisions.
02
Real estate agents and brokers: Real estate professionals play a significant role in the buying and selling process and are responsible for ensuring that sellers provide accurate and complete disclosure statements to potential buyers. They may require sellers to complete the form as part of their contractual obligations.
03
Potential buyers: Buyers have the right to receive a seller's property disclosure statement from the seller before making a purchasing decision. This document helps buyers understand the property's condition, potential issues, and any past repairs or maintenance that may have been performed.
In conclusion, filling out a seller's property disclosure statement involves carefully reviewing the form, conducting a thorough inspection, disclosing all known information, consulting experts if needed, accurately completing each section, and signing and dating the form. This document is necessary for homeowners selling a property, real estate agents and brokers, as well as potential buyers.
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What is seller39s property disclosure statement?
Seller's property disclosure statement is a document completed by the seller of a property that discloses known issues or defects with the property.
Who is required to file seller39s property disclosure statement?
In many jurisdictions, sellers are legally required to fill out and provide a property disclosure statement to potential buyers.
How to fill out seller39s property disclosure statement?
To fill out a seller's property disclosure statement, the seller must carefully review the form and provide accurate information about the property's condition.
What is the purpose of seller39s property disclosure statement?
The purpose of a seller's property disclosure statement is to inform potential buyers about any known issues or defects with the property that could affect its value or safety.
What information must be reported on seller39s property disclosure statement?
Information that must be reported on a seller's property disclosure statement typically includes past repairs, renovations, system failures, and any other known issues or defects with the property.
What is seller's property disclosure statement?
Seller's property disclosure statement is a document that the seller completes to disclose any known defects or issues with the property being sold.
Who is required to file seller's property disclosure statement?
In most states, sellers are required to fill out and provide a seller's property disclosure statement to potential buyers.
How to fill out seller's property disclosure statement?
Sellers can fill out the property disclosure statement by providing detailed information about the condition of their property, including any past or present issues.
What is the purpose of seller's property disclosure statement?
The purpose of the seller's property disclosure statement is to inform potential buyers about the condition of the property and any known issues.
What information must be reported on seller's property disclosure statement?
Sellers must report any known issues with the property, such as water damage, electrical problems, or pest infestations.
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