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  • Sellers Property Condition Disclosure Statement - Ia (pdf)

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Print Form Clear Form Save Form Southwest Iowa Association of REALTORS SELLER S DISCLOSURE OF PROPERTY CONDITION (To be delivered prior to buyer making offer to buy real estate) Property Address:.

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How to fill out the Sellers Property Condition Disclosure Statement - IA (PDF) online

Completing the Sellers Property Condition Disclosure Statement is a vital step for sellers in Iowa. This guide will provide you with clear, step-by-step instructions to efficiently fill out the form online, ensuring you meet all legal requirements while making the process manageable.

Follow the steps to successfully complete the form online.

  1. Click the ‘Get Form’ button to obtain the Sellers Property Condition Disclosure Statement and open it in the editor.
  2. Begin by filling in the property address and the property owner's name as per the title. Ensure that the information is accurate and matches official documents.
  3. Review the section regarding exempt properties. If applicable, indicate your property's exemption by signing in the designated area. If not exempt, proceed to the next section.
  4. Move to Section I, which is mandatory. Document all known conditions about the property, including issues related to the roof, basement, plumbing, and any systems in place. Use the space provided to describe problems or the dates of repairs.
  5. For each item listed in Section I, carefully check the appropriate boxes indicating whether there are known problems, if repair work was done, or if information is not applicable. Be honest and thorough in your responses to ensure transparency.
  6. Section II is optional but provides valuable context about included appliances and systems in the transaction. Note their condition and any exceptions, carefully verifying functionality where applicable.
  7. In Section III, provide additional non-mandatory information, including any known enhancements, past insurance claims, or environmental concerns. These details can be beneficial to the buyer.
  8. Once all sections are filled out, review the entire document to ensure accuracy and completeness. Make any necessary adjustments.
  9. Upon finalizing the form, save your changes. You can then download the completed form, print it for physical signatures, or share it as needed.

Start completing your Sellers Property Condition Disclosure Statement online today!

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A Seller's Disclosure is a legal document that requires sellers to provide previously undisclosed details about the property's condition that prospective buyers may find unfavorable. This document is also known as a property disclosure, and it's important for both those buying a house and for those selling a house.

Disclosure Law in Iowa for Home Sales The legal basis for this disclosure requirement is Iowa Code § 558A, which requires you, as a seller, to deliver a written disclosure statement to a person interested in buying your property before they've made a written offer or you've accepted it.

Disclosure Law in Iowa for Home Sales The legal basis for this disclosure requirement is Iowa Code § 558A, which requires you, as a seller, to deliver a written disclosure statement to a person interested in buying your property before they've made a written offer or you've accepted it.

If a seller fails to disclose, or actively conceals, problems that affect the value of the property; they are violating the law, and may be subject to a lawsuit for recovery of damages based on claims of fraud and deceit, misrepresentation and/or breach of contract.

Iowa Code 558A requires sellers to deliver written disclosure statements to a person interested in buying a property before they have made a formal offer or the offer has been accepted.

Iowa code requires the seller to disclose “all known conditions materially affecting the property.” That can include everything from the roof to the basement, including sewer lines, the foundation, termites or other infestations, and any hazards such as radon and asbestos.

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.

1. A person interested in transferring real property, or a broker or salesperson acting on behalf of the person, shall deliver a written disclosure statement to a person interested in being transferred the real property.

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