Washington State Form 17 Withholding In Cook
Description
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FAQ
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.
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.
It is a general rule that sellers must disclose any information that could negatively impact the value of the property.
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).
While sellers have always been required to disclose material facts, the Form 17 has been required by law (RCW 64.06. 020) since January 1, 1995. It has undergone ten revisions since its inception, the last of which went into effect in 2021.
What Washington Law Requires Home Sellers to Disclose. The history of a concept known as "caveat emptor" (or, "buyer beware") in real estate transactions led many states, including Washington in 1994, to pass laws mandating that sellers provide disclosures about all aspects of the property.
90-383 requires that a written supplement be provided to the buyer if the seller is aware of any errors in the original disclosure form. A seller who "knowingly" violates the Act or discloses untruthful information is liable for actual damages, court costs, and reasonable attorney's fees.
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.
