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This document is a Seller’s Property Disclosure Statement required by the Real Estate Seller Disclosure Law in Pennsylvania. It details the known material defects of the property located at 2775 River Rd, New Hope, PA 18938. The statement is intended to inform potential buyers of the property\'s condition and outlines the seller\'s responsibilities regarding disclosure. Specific sections cover aspects such as the roof, plumbing, heating systems, water supply, sewage systems, and more,...

How to fill out sellers property disclosure statement

How to fill out sellers property disclosure statement

1. Obtain the seller's property disclosure statement form from your real estate agent or local real estate board.
2. Carefully read the instructions provided with the form to understand what information is required.
3. Begin by filling in your contact information, including your name and property address.
4. Disclose any known issues with the property, such as past flooding, roof problems, or pest infestations, in the designated sections.
5. Provide information about major systems, including plumbing, electrical, and heating, indicating their current conditions.
6. Answer questions about the property’s features, such as appliances, structural modifications, or zoning issues.
7. Review the completed form for accuracy and completeness before signing it.
8. Provide the signed disclosure statement to interested potential buyers during the showing process.

Who needs sellers property disclosure statement?

1. All sellers of residential real estate properties are typically required to provide a seller's property disclosure statement to prospective buyers.
2. Real estate agents and brokers also need this statement to correctly inform potential buyers about the condition of the property.
3. Buyers often need the disclosure statement to make informed decisions and identify potential risks before purchasing a property.

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What is seller's property disclosure statement?

A seller's property disclosure statement is a document provided by the seller of a property that outlines any known issues, defects, or other material information related to the property's condition that may affect its value.

Who is required to file seller's property disclosure statement?

Typically, the seller of a residential property is required to file a seller's property disclosure statement, although the specific requirements can vary by state or locality.

How to fill out seller's property disclosure statement?

To fill out a seller's property disclosure statement, a seller should thoroughly review the property and answer questions regarding its condition, known defects, repairs made, and other pertinent information truthfully.

What is the purpose of seller's property disclosure statement?

The purpose of a seller's property disclosure statement is to inform potential buyers about the state of the property, ensuring transparency and allowing buyers to make informed decisions.

What information must be reported on seller's property disclosure statement?

Information that must be reported includes known defects, past water damage, issues with systems (like plumbing and electrical), pest infestations, and any other relevant material facts about the property.