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SELLERS PROPERTY DISCLOSURE STATEMENT For Unimproved Land (To be completed by Seller) Sunflower Association of REALTORS, Inc. S Berryton Rd., Lyndon, KS 66451 Property Address: 25620 ___06/27/2024

How to fill out sellers property disclosure statement

How to fill out sellers property disclosure statement

1. Gather all necessary information about the property, including its history and condition.
2. Identify any known defects or issues, such as plumbing, electrical, or structural concerns.
3. Review local laws and regulations regarding seller disclosures to ensure compliance.
4. Complete all sections of the disclosure form accurately and truthfully.
5. Provide details about any repairs or improvements made to the property.
6. Include information about the neighborhood, such as noise levels or nearby hazards.
7. Have the disclosure form reviewed by a real estate professional if needed.
8. Sign and date the disclosure statement before presenting it to potential buyers.

Who needs sellers property disclosure statement?

1. Home sellers who are listing their property for sale.
2. Real estate agents representing sellers.
3. Buyers reviewing properties to understand potential issues.
4. Attorneys involved in real estate transactions.

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What is sellers property disclosure statement?

The seller's property disclosure statement is a document provided by the seller of a property that outlines any known issues, defects, or conditions related to the property that could affect its value or desirability.

Who is required to file sellers property disclosure statement?

Typically, residential property sellers are required to file a seller's property disclosure statement, especially in transactions involving real estate agents or brokers.

How to fill out sellers property disclosure statement?

To fill out a seller's property disclosure statement, the seller should carefully answer all questions regarding the property's condition, provide details on any known issues, and ensure that all information is accurate and truthful.

What is the purpose of sellers property disclosure statement?

The purpose of the seller's property disclosure statement is to inform potential buyers of any significant problems or characteristics of the property that could affect its marketability and to protect the seller from future legal claims.

What information must be reported on sellers property disclosure statement?

Information that must be reported can include structural issues, water damage, pest infestations, environmental hazards, and any alterations made to the property, among other things.