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Brokers Guild Betty Courtyard pH: 3039880123 Fax: 7209629081 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (SF 94504)
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How to fill out square footage disclosure
How to fill out square footage disclosure:
01
Gather accurate measurements: Begin by measuring the property's interior space. This includes all finished areas such as bedrooms, living rooms, bathrooms, and any other livable spaces. Use a tape measure or laser measuring device to ensure precise measurements.
02
Include relevant details: In the square footage disclosure form, provide information about the property's square footage, including the total area and the breakdown of each room's size. It's important to be thorough and accurate, as any discrepancies may lead to legal or financial implications.
03
Follow legal guidelines: Check with your local real estate board or government agency to understand the specific requirements for square footage disclosure in your area. Ensure that you comply with all regulations and provide the necessary information according to the guidelines.
04
Consider hiring professionals: If you are unsure about measuring or calculating square footage accurately, it may be beneficial to hire a professional appraiser or architect. They have the expertise and knowledge to provide accurate measurements, taking into account factors such as ceiling height, sloping floors, or non-uniform room shapes.
Who needs square footage disclosure:
01
Home sellers: When selling a property, homeowners often need to provide accurate square footage disclosures. This helps potential buyers make informed decisions and ensures transparency in the real estate transaction.
02
Real estate agents: Real estate agents play a crucial role in facilitating property transactions. They need to be well-versed in square footage disclosures to provide accurate information to both buyers and sellers. Agents should understand the legal requirements and assist clients in completing the disclosure forms correctly.
03
Potential homebuyers: Buyers often rely on square footage information to assess the value and livability of a property. Square footage disclosure allows them to compare different properties and make an informed decision based on their specific needs and preferences.
In conclusion, filling out square footage disclosure involves gathering accurate measurements, providing relevant details, following legal guidelines, and considering professional help if needed. Home sellers, real estate agents, and potential homebuyers are the main parties involved in square footage disclosure.
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What is square footage disclosure?
Square footage disclosure is the requirement for property sellers to disclose the total square footage of a property being sold.
Who is required to file square footage disclosure?
Property sellers are required to file square footage disclosure.
How to fill out square footage disclosure?
To fill out square footage disclosure, property sellers need to accurately measure and report the total square footage of the property.
What is the purpose of square footage disclosure?
The purpose of square footage disclosure is to provide transparency and accuracy regarding the size of a property being sold.
What information must be reported on square footage disclosure?
Property sellers must report the total square footage of the property, including all livable areas.
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