What Should A Seller's Disclosure Include? List of specific issues the homeowner must check off if the home has them. Questions about the property the seller must answer with “Yes,” “No” or “Unknown” Space to provide further explanation of the issue and if it was fixed.
A minority of states require sellers to make certain disclosures when selling commercial real estate specifically. These states are California, Maine, Michigan, Minnesota, New Hampshire, Tennessee, Texas, and Washington.
New York law requires most property sellers to disclose known home defects to buyers, covering structural, environmental, and other physical and legal issues.
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.
What Should A Seller's Disclosure Include? List of specific issues the homeowner must check off if the home has them. Questions about the property the seller must answer with “Yes,” “No” or “Unknown” Space to provide further explanation of the issue and if it was fixed.
The following states are currently non-disclosure states: Alabama, Alaska, Idaho, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Montana, New Mexico, North Dakota, Ohio, Oklahoma, South Dakota, Texas, Utah, and Wyoming.
Ohio law requires sellers to fill out a real estate disclosure. There are certain circumstances, however, where it is not needed. For example, when a property is a foreclosure, is being transferred directly between owners, or when a property is transferred to or from a governmental agency.
Property Condition: The Seller's Disclosure Notice requires detailed information about the property's condition, including the roof, foundation, plumbing, electrical systems, and appliances. Sellers must indicate if these elements are in good working order or if there are known issues.
Section 5302.30 | Property disclosure form required for all residential real property transfers. (A) As used in this section: (1) "Good faith" means honesty in fact in a transaction involving the transfer of residential real property.