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This form is a Seller's Disclosure Statement for use in a residential sales transaction in Mississippi. This disclosure statement concerns the condition of property and is completed by the seller.
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How to fill out residential real estate sales
How to fill out property condition disclosure statement
01
Obtain the Property Condition Disclosure Statement form from your local real estate authority or website.
02
Read the instructions carefully to understand what information is required.
03
Begin with your property’s basic information: address, type of property, and date of the disclosure.
04
List any known defects or issues with the property, such as structural problems, plumbing issues, or pest infestations.
05
Include details about the age and condition of major systems like HVAC, roofing, and electrical systems.
06
Disclose any past repairs or renovations made, along with any warranties remaining.
07
Answer questions regarding environmental hazards, such as flood zones or the presence of lead paint.
08
Review your disclosures to ensure they are accurate and complete.
09
Sign and date the form to finalize your disclosures.
Who needs property condition disclosure statement?
01
The property condition disclosure statement is typically required for sellers of residential properties when selling to inform potential buyers about the condition of the property.
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What is property condition disclosure statement?
A property condition disclosure statement is a legal document provided by sellers to potential buyers, outlining the condition of the property, including any known defects or issues.
Who is required to file property condition disclosure statement?
Typically, sellers of residential real estate are required to file a property condition disclosure statement, although the specific requirements may vary by state or locality.
How to fill out property condition disclosure statement?
To fill out a property condition disclosure statement, sellers must accurately describe the condition of the property, answer specific questions about its systems and structures, and disclose any known issues or repairs made.
What is the purpose of property condition disclosure statement?
The purpose of the property condition disclosure statement is to inform potential buyers about the current state of the property, ensuring transparency and helping buyers make informed decisions.
What information must be reported on property condition disclosure statement?
Information reported on a property condition disclosure statement typically includes details about the property's foundation, roof, plumbing, electrical systems, any past damages, renovations, and environmental hazards.
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