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DISCLOSURE STATEMENT: SELLERS PROPERTY DISCLOSURE Statements form approved by the Minnesota Association of REALTORS, which disclaims any liability arising out of use or misuse of this form. 2023 Minnesota

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How to fill out sellers property disclosure statement

01

Gather all relevant information about the property including past repairs, renovations, and any issues that have arisen during your ownership.

02

Review the standard sellers property disclosure form provided by your state or jurisdiction.

03

Complete each section of the form thoroughly and honestly, ensuring all required information is provided.

04

Disclose any known defects, hazards, or issues with the property, even if they have been repaired or mitigated.

05

If you are unsure about how to answer a question, seek guidance from a real estate attorney or agent.

Who needs sellers property disclosure statement?

01

Anyone selling a residential property, including homeowners, real estate investors, and developers, typically needs to fill out a sellers property disclosure statement.

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What is sellers property disclosure statement?

A seller's property disclosure statement is a document that provides potential buyers with detailed information about the condition of a property, including any known issues or defects.

Who is required to file sellers property disclosure statement?

Typically, the seller of a residential property is required to file a seller's property disclosure statement before the sale to inform potential buyers about the property's condition.

How to fill out sellers property disclosure statement?

To fill out a seller's property disclosure statement, the seller must provide truthful responses to a series of questions about the property's condition, maintenance, and any known defects.

What is the purpose of sellers property disclosure statement?

The purpose of the seller's property disclosure statement is to protect buyers by ensuring they are informed about the property's condition and any potential issues before making a purchase.

What information must be reported on sellers property disclosure statement?

The information that must be reported includes details about structural issues, water damage, electrical and plumbing systems, pest infestations, and any past repairs or renovations.

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