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Transfers Between Related Parties Family transactions are frequently exempt, including: Transfers between co-owners. Sales or gifts to spouses or direct family members (e.g., parent to child). Transfers resulting from divorce settlements or property divisions.

Selling a property involves a multitude of responsibilities, including providing potential buyers with essential information about the property's condition, history, and potential issues. While the concept of seller disclosures is universal, the specific requirements can vary significantly from state to state.

Like most states, the seller disclosure requirement in Alaska is a form that discloses the issues of the house before buyers can make an offer. In Alaska, there are a few specific disclosure requirements in Alaska you must be aware of. Remember, there are penalties for failure to disclosure properly.

Almost every U.S. state has passed laws mandating that sellers give buyers specific information about what structural and other features the house contains, and their condition. In some cases, the brokers must speak up about hidden conditions, too.

Examples of material facts that must be disclosed include structural problems with the house, soil problems, a leaking roof, unpermitted construction, neighborhood noise problems, and anything else that a buyer would deem to be important.

The sellers must disclose, in writing, any and all known material facts that affect the value of their property whether the buyers ask or not. Even if a home is sold "as is" in its present condition, the seller must disclose any observable (patent) defects as well as any hidden (latent) defects.

Pennsylvania sellers of homes and individual condominium units must, by law, advise potential buyers of the property about "known material defects" that are not readily observable, including structural problems, hazardous substances, and more, before the sale is completed.

A seller's disclosure gives buyers a clear picture of the home's current condition and defects, while also protecting sellers from any issues that arise after the sale.

Alaska's adverse possession law is fairly simple. Anyone openly possessing a parcel of property under color of title for at least seven years, or at least 10 years under a good faith (but mistaken) belief that the land was already part of their property, may claim that property.