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Mississippi Residential Real Estate Sales Disclosure Statement

State:
Mississippi
Control #:
MS-37014
Format:
PDF
Instant download

Description

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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  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement

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FAQ

If a seller fails to disclose, or actively conceals, problems that affect the value of the property; they are violating the law, and may be subject to a lawsuit for recovery of damages based on claims of fraud and deceit, misrepresentation and/or breach of contract.

In the simplest terms, a Seller's Disclosure is a document a potential buyer receives in order to know what condition the property is in. It contains about 100 questions and it will take you 20-30 minutes at most to complete.You're not required to have this document ready until your home is under contract.

Who Must Make These Seller Disclosures in California. As a broad rule, all sellers of residential real estate property containing one to four units in California must complete and provide written disclosures to the buyer.

California's Especially Stringent Disclosure Requirements Sellers must fill out and give the buyers a disclosure form listing a broad range of defects, such as a leaky roof, deaths that occurred within three years on the property, neighborhood nuisances such as a dog that barks every night, and more.

Under California law, all material facts that affect the value or desirability of the property must be disclosed to the buyer. There is no specific definition or rule on what is considered to be a material fact.

In general, you have an obligation to disclose potential problems and material defects that could affect the value of the property you're trying to sell. In addition, it is considered illegal in most states to deliberately conceal major defects on your property.

If a seller fails to disclose, or actively conceals, problems that affect the value of the property; they are violating the law, and may be subject to a lawsuit for recovery of damages based on claims of fraud and deceit, misrepresentation and/or breach of contract.

Whenever you sell real estate, you are obligated to follow local mandatory disclosure laws. This involves informing the buyer about specific hazards or problems affecting the property before the sale is completed.

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Mississippi Residential Real Estate Sales Disclosure Statement