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This statement is a disclosure of the condition of the property in compliance with the Seller Disclosure Act, detailing the property’s known conditions, systems, and any other relevant information as per the Seller’s knowledge.
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How to fill out sellers disclosure statement

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How to fill out sellers disclosure statement

01
Obtain the seller's disclosure statement form from your local real estate board or regulatory authority.
02
Begin by filling out the basic information such as property address, seller's name, and date.
03
Disclose any known defects or issues with the property's structure, systems, or appliances in the designated section.
04
Indicate whether the property has experienced any past flooding, pest infestations, or environmental hazards.
05
Provide details about any repairs that have been made and whether they were completed by a licensed professional.
06
Answer questions regarding zoning, easements, or any homeowner association rules that may apply to the property.
07
Review all disclosures for accuracy and completeness, ensuring that all known information is included.
08
Sign and date the form, and provide it to potential buyers as required by law.

Who needs sellers disclosure statement?

01
Anyone selling residential real estate is typically required to provide a seller's disclosure statement to potential buyers.
02
Real estate agents often encourage sellers to complete this document to ensure transparency and protect against future legal issues.
03
Buyers seeking to understand the condition of the property and any potential risks associated with it also rely on this statement.
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A seller's disclosure statement is a document provided by a property seller that outlines the known condition of the property and any issues that may affect its value or desirability.
Typically, sellers of residential real estate are required to complete a seller's disclosure statement, especially in transactions involving real estate agents.
To fill out a seller's disclosure statement, the seller should answer all questions truthfully, provide details about the property's condition, and disclose any known defects or issues.
The purpose of a seller's disclosure statement is to inform potential buyers about the property's condition, helping them make an informed decision and protecting the seller from future legal disputes.
Information that must be reported includes known defects or issues with the property, such as structural problems, plumbing and electrical issues, pest infestations, and any history of flooding or natural disasters.
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