Washington State Form 17 For Sale In Wake
Description
Form popularity
FAQ
Washington State requires sellers of residential real property to thoroughly disclose material facts on a form called the Residential Real Property Disclosure Statement (often referred to as Form 17).
Based on the premise that a specific non-disclosure could impact the value of and the decision to buy a property, mentioning all such relevant disclosures is mandatory. For example, failure to disclose real estate pest infestation in the past in the area where the property is located.
Washington State requires sellers of residential real property to thoroughly disclose material facts on a form called the Residential Real Property Disclosure Statement (often referred to as Form 17).
Sellers may be required to disclose a list of all of the major repairs made in various areas of the property. Buyers will want to know of any past problems. They'll want to know if an issue's been fixed and how it was fixed, if it requires ongoing maintenance or if it has the potential to cause problems in the future.
The state does not require disclosure of any deaths, including murders or suicide. Do you have to report a death in your home while selling real estate in Washington? Washington state does not require disclosure of death on a property.
It is a general rule that sellers must disclose any information that could negatively impact the value of the property.
Sellers must fill out either an unimproved or improved residential real estate disclosure form, which covers various topics about the property's condition. This comprehensive form asks about the state of the home's electrical, plumbing, heating and other systems.
Suing the Seller for Non-Disclosure Under California's disclosure laws, buyers can pursue compensation for damages related to a seller's non-disclosure.
The phrase “caveat emptor” is Latin for “let the buyer beware.” Caveat emptor principles are generally still followed today; however, they are subject to exceptions.
