This form is a Seller's Disclosure Statement for use in a residential sales transaction in Pennsylvania. This disclosure statement concerns the condition of property and is completed by the Seller.
Real Estate Sales Form Contract With Real Estate Agent
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How to fill out Pennsylvania Residential Real Estate Sales Disclosure Statement?
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FAQ
Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.
The Statute of Frauds dictates that a contract for the transfer of an interest in real estate must be in writing and must be signed by the party against whom the contract is being enforced. Otherwise, the contract is unenforceable.
A contract can either be written or verbal, and while both can be legally binding, some contracts are required to be written in a designated format to be enforceable.
No Need for Repairs: If you sell your house "as is," it means that the buyers will have to deal with any problems in the home. They will deal with the repairs and hire contractors if needed.
Proposed clause: The Seller is selling this property in ?As Is? condition. Buyer acknowledges and agrees that Buyer is accepting the Property ?As Is? without any warranties, representations or guarantees, either expressed or implied, of any kind, nature or type whatsoever from or on behalf of the Seller.