Get the free Seller’s Disclosure of Property Condition

This document serves as a Seller\'s Disclosure of Property Condition, which requires sellers of residential real estate in Kentucky to disclose known property conditions and history prior to a sale. The form includes detailed questions regarding various aspects of the property\'s condition, any known issues, and seller\'s state of knowledge regarding those issues. It is designed to inform potential buyers about the condition of the property and to satisfy legal requirements under KRS 324.360.

How to fill out sellers disclosure of property

How to fill out sellers disclosure of property

1. Obtain the sellers disclosure form from your real estate agent or online.
2. Read the instructions carefully to understand what information is required.
3. Fill in your name and property address at the top of the form.
4. Disclose any known issues with the property, such as water damage, mold, or structural repairs.
5. Indicate any renovations or improvements made to the property.
6. Mention any appliances or features that are included in the sale.
7. Provide information about the age of the roof, HVAC systems, plumbing, and electrical systems.
8. Answer all questions truthfully to avoid legal issues in the future.
9. Sign and date the form once it is complete.

Who needs sellers disclosure of property?

1. Home sellers must provide a sellers disclosure to potential buyers.
2. Real estate agents may require the disclosure from their clients when listing a property.
3. Buyers should request the disclosure to understand the property's history and any potential issues.

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What is sellers disclosure of property?

A seller's disclosure of property is a legal document in which the seller provides detailed information about the condition of the property they are selling, including any known defects, issues, or required repairs.

Who is required to file sellers disclosure of property?

Typically, all sellers of residential real estate are required to file a seller's disclosure of property, particularly in transactions involving conventional sales and some types of public sales.

How to fill out sellers disclosure of property?

To fill out a seller's disclosure of property, sellers should provide accurate and honest answers to all questions outlined in the form, disclosing any known issues with the property, and ensuring all parts of the form are thoroughly completed.

What is the purpose of sellers disclosure of property?

The purpose of a seller's disclosure of property is to inform potential buyers about the condition of the property, to protect buyers from unexpected issues, and to limit the seller's liability by disclosing known defects.

What information must be reported on sellers disclosure of property?

Information that must be reported on a seller's disclosure includes structural issues, plumbing and electrical systems, presence of pests, environmental hazards, and any past renovations or repairs.