Colorado Seller's Property Disclosure

State:
Colorado
Control #:
CO-RE-SPD19
Format:
PDF
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Description

Seller's Property Disclosure: This is an official Colorado Real Estate Commission form that complies with all applicable Colorado codes and statutes. USLF amends and updates all Colorado forms as is required by Colorado statutes and law.

How to fill out Colorado Seller's Property Disclosure?

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FAQ

If you are selling a home, you are required to disclose only facts actually known to you. In other words, you are not required to disclose facts about the property that you should have known, nor are you required to commission any inspections of your property in advance of filling out the form.

The typical seller disclosure form is several pages long, and it asks the seller to report known defects in the home. This will include the appliances, as well as information about electrical, heating, sewer, water or other mechanical systems.

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.

California's Especially Stringent Disclosure Requirements Sellers must fill out and give the buyers a disclosure form listing a broad range of defects, such as a leaky roof, deaths that occurred within three years on the property, neighborhood nuisances such as a dog that barks every night, and more.

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.

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.

Colorado's Disclosure Laws. Colorado state statutes require that sellers of residential property disclose the following to buyers: That the property might be in a special taxing district, and where the buyer can go to find out whether the property is, in fact, within such a district.

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Colorado Seller's Property Disclosure