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Ramras Realty Document updated: August 2010 RESIDENTIAL SELLER ADVISORY WHEN IN DOUBT - DISCLOSE! REAL SOLUTIONS. REALTOR SUCCESS Sellers are obligated by law to disclose all known material (important).

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When a seller fails to disclose a material, latent defect, that seller is liable for any costs the purchaser has to pay to remedy the situation. This liability extends to the listing agent. ... The owner and agent may remain liable even if the buyer's inspector does not discover the defect(s) during inspection.

3:02 6:58 Suggested clip How to fill out a real estate Seller's Property Disclosure StatementYouTubeStart of suggested clipEnd of suggested clip How to fill out a real estate Seller's Property Disclosure Statement

For example, one seller had listed their home in as is condition and refused to provide the buyer with a disclosure. Another seller hadn't even lived in the property they were selling; it was an investment property and they didn't have enough first-hand knowledge of the property's history to provide a disclosure.

That is precisely why Kansas law requires that when you decide to sell, you make certain disclosures to potential buyers. Specifically, state law requires that sellers reveal problems that could affect the property's value or desirability, so that buyers are not unpleasantly surprised after moving in.

Do not exclude any information. Be honest. ... Write clearly. Use simple words in writing your income statement for disclosure. ... Attach necessary documents to your disclosure statement. ... Review and revise.

(A) Seller Disclosure Deadline is the time allotted the seller to provide any and all information concerning known problems in regards to the property in question. If this information is not provided by the agreed upon date the buyer may choose to dissolve the contract and demand return of all earnest monies.

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. There are a few exceptions, such as for multi-unit buildings and properties that are transferred by court order or from one co-owner to another.

A buyer isn't required by law to sign a seller's disclosure notice. Relocation companies with title to a property are still required to fill out the seller's disclosure notice. They can attach the notice to any inspection reports concerning the property.

3:02 6:58 Suggested clip How to fill out a real estate Seller's Property Disclosure StatementYouTubeStart of suggested clipEnd of suggested clip How to fill out a real estate Seller's Property Disclosure Statement

Request the disclosure form from the seller. The seller or the seller's agent should send this to you without any prompting. However, if you haven't received it yet, then call and ask for it. Make sure you have all of the sheets and that you can read the information.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232