What should the seller's property disclosure statement reveal?

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.

What must be disclosed when selling a house in Washington state?

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.

US Legal Forms
Forms Kit
Agreements - Agreement Forms
Multi-State
One Time Listing and Showing Agreement

Washington State Form 17 With Sale Agreement In Wayne

Category:

Real Estate - Listing Agreements

State:

Multi-State

County:

Wayne

Control #:

US-00056DR

Format:

Instant download

Description

The Washington state form 17 with sale agreement in Wayne is a One Time Listing and Showing Agreement that outlines the terms under which a seller permits a realtor to show their property to potential buyers. This legally binding contract requires the seller to specify the property details, including the legal description and the sale price. It includes provisions for the agent's professional fee, either as a set dollar amount or a percentage of the sales price, payable at closing. The agreement also clarifies the agency relationship, whether the agent represents the buyer, the seller, or acts as a transactional agent. Key instructions for filling out the form include entering the seller's and buyer's names, as well as the realtor's name and signature. It is primarily useful for attorneys, partners, owners, associates, paralegals, and legal assistants who deal with real estate transactions in Washington State. The form facilitates clear communication between parties and ensures that all involved understand their rights and responsibilities. This agreement is vital for smooth closing processes and can help prevent disputes by establishing clear terms upfront.

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FAQ

It is a general rule that sellers must disclose any information that could negatively impact the value of the property.

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.

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 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.

Sellers must complete a Transfer Disclosure Statement (TDS), in which they disclose known defects and other pertinent information about the property. Failure to disclose these material facts can lead to legal liability.