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This document is a Seller\'s Property Disclosure Statement, recommended and approved for use by the members of the Pennsylvania Association of Realtors. It provides essential information regarding the condition of the property, as required by the Real Estate Seller Disclosure Law in Pennsylvania. The form aims to ensure that potential buyers are informed about specific details concerning the residential property before an agreement of sale is signed.

How to fill out sellers property disclosure statement

How to fill out sellers property disclosure statement

1. Obtain the form from your local real estate office or online.
2. Read the instructions carefully before starting.
3. Fill in your property details including address and seller information.
4. Disclose any known defects or issues related to the property honestly.
5. Provide information on systems and appliances, including their conditions.
6. Answer all questions, even if it's uncomfortable; it's legally required.
7. Review your disclosures to ensure accuracy and completeness.
8. Sign and date the document.
9. Provide the completed disclosure statement to potential buyers.

Who needs sellers property disclosure statement?

1. Sellers of residential real estate properties.
2. Real estate agents on behalf of their clients.
3. Buyers seeking transparency about property conditions.

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What is sellers property disclosure statement?

A sellers property disclosure statement is a document provided by the seller of a property that outlines any known issues, defects, or conditions affecting the property, ensuring transparency for the buyer.

Who is required to file sellers property disclosure statement?

Typically, all real estate sellers are required to file a seller's property disclosure statement when selling residential property, although specific requirements can vary by state.

How to fill out sellers property disclosure statement?

To fill out a sellers property disclosure statement, the seller must answer all questions truthfully regarding the condition of the property, include specific details about any repairs, improvements, or issues, and sign the document.

What is the purpose of sellers property disclosure statement?

The purpose of the sellers property disclosure statement is to inform potential buyers of any known issues with the property, promoting transparency and protecting buyers from unforeseen problems.

What information must be reported on sellers property disclosure statement?

Information that must be reported includes details about structural issues, water damage, pest infestations, repairs made, the existence of hazardous materials, and any rights-of-way or easements affecting the property.