This Seller's Information for Appraiser provided to Buyer form is used by the Buyer in Idaho to provide information required by an appraiser in order to conduct an appraisal of the property prior to purchase. The Seller provides this completed form to the Buyer, who furnishes it to the appraiser. This form is designed to make the transaction flow more efficiently.
Idaho Seller's Information for Appraiser provided to Buyer
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FAQ
A: An appraisal is generally considered a professional opinion of the market value of a property, not a fact. Although it's both legally and ethically necessary to disclose a material fact, the same requirement doesn't apply to an opinion.
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.
As a general rule it certainly is not a good idea for a buyer and seller to talk directly with each other during negotiations.Good communications between the buyer and seller are important, and that also means that both Realtors need to be good communicators, too.
Buyers must sign off on all disclosures and reports. So it's important to review them carefully and ask questions if you need to. Full disclosure upfront is the way to go. Providing full disclosure can help a seller.
If your seller simply will not fill out the form after you advise them of the requirement to do so, you can have them mark refused on the form, and then provide that to the buyer.
Technically, yes, a buyer or seller can contact the other side. However, their own agent cannot suggest or recommend it and they probably prefer you not. The other agent shouldn't really talk with you, but if you made the initial contact, it would be rude of them to hang up.
Who Must Make These Seller Disclosures in California. As a broad rule, all sellers of residential real estate property containing one to four units in California must complete and provide written disclosures to the buyer.
Death in the Home. Neighborhood Nuisances. Hazards. HOA Information. Repairs. Water Damage. Missing Items. Other Possible Disclosures.
Once you and the buyer have signed a written agreement for the sale of your property, you must deliver a copy of your completed disclosures to the buyer within five business days.