Get Al Sellers Property Disclosure Statement

If you live in a non-disclosure state, it means that sale prices in a real estate transaction are not disclosed or recorded as public record. If you want to know a sale price of a home, you'd have to ask the seller directly or work with a real estate professional who has access to the Multiple Listing Service (MLS).

Unlike in many other U.S. states, Alabama law employs a rule known as caveat emptor for the sale of used residential property. Caveat emptor is Latin for let the buyer beware, which means that the seller has no actual duty to advise the buyer of issues with the property's physical condition during the sale.

You can find your state real estate agency at the Association of Real Estate License Law Officials website. Or search online for real estate disclosure, disclosure form, or disclosure statement and the name of your state.

Issue #1: Seller Lied on Disclosure Statement Now, if you believe that the seller lied about problems with the home and want to take it to court, then you have to prove it. You have to bring evidence that the seller knew or should have known about the issues, and they purposely covered it up.

Alabama law states a death on the property is not a material fact that must be disclosed. In addition, Alabama is a buyer-beware state it's the buyer's duty to discover anything about the property that doesn't directly affect health and safety.

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.

Death in the Home. Neighborhood Nuisances. Hazards. HOA Information. Repairs. Water Damage. Missing Items. Other Possible Disclosures.

Your state real estate association or board may have documents, often in checklist form, that list the disclosures required in your state. If you're using an agent for the transaction, they'll have a form for you to complete and sign.

A seller is supposed to be truthful when answering the disclosure statement for the buyer. ... And, if a seller lies, the buyer is entitled to go after the seller for damages sustained because of an omission in the disclosure statement given to the buyer.