Washington State Form 17 With Sale Agreement In Washington
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The seller disclosure statement, also known as a seller disclosure form or Form-17 is a crucial document that sellers must complete when selling their home. Its purpose is to provide potential buyers with information about the condition of the property and any known issues or defects.
Almost all real estate sales in Washington State require a seller disclosure statement to be given to the buyer. Home sales, including inium units, are included in the types of sales requiring a seller disclosure statement. The statute (RCW 64.06.
A seller is required to provide the TDS even when selling property without an agent, such as in a “for sale by owner” transaction. The TDS also must be provided for sales of a new residential property that is not part of a subdivision, such as a new home or a new four-unit building being built on a lot.
Sellers are required to disclose property information to the realtor and potential buyers based on state and local laws. A disclosure document details a property's condition and what might negatively affect its value. Sellers who willfully conceal information can be sued and potentially convicted of a crime.
What You Need to Know about the Washington State Seller Property Disclosure – Form 17. 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).
What You Need to Know about the Washington State Seller Property Disclosure – Form 17. 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).
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).
Nearly all real estate sales in Washington State require a seller disclosure statement, also known as Form 17, to be given to the buyer.
Yes, you can. Home sellers are not required to work with any type of real estate agent if they don't want to, in Washington or any state. However, if you choose to go this route, be ready to handle listing, marketing, showing and negotiating the sale of the property all on your own — it's a big commitment.
Most seller property disclosures are required for residential properties and vacant land. This means that when selling a residential property, the seller is legally obligated to disclose any known defects or issues with the property to potential buyers.
