Hawaii Unsatisfied Problems Identified in Seller's Files
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How to fill out Unsatisfied Problems Identified In Seller's Files?
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FAQ
Revised Code of Washington requires that real estate sellers provide to buyers a disclosure statement which details the condition of the property being sold. There are three different versions of the disclosure statement, the one you use will depend on the type of property being sold.
In Hawaii, the agency disclosure requirement applies to... all commercial sales transactions.
Depending on what is outlined in the Purchase Contact, the home inspection (or J1 in the Hawaii Purchase Contract) is typically done within the first 15 days after the initial offer was accepted.
Under Hawaii law, no seller may sell Hawaii residential real property unless prior to the sale of the Hawaii residential real estate property, a disclosure statement is: (a) signed and dated by the seller within six (6) months before or ten (10) calendar days after the acceptance of a Hawaii real estate purchase ...
Disclosure Law in Hawaii for Home Sales § 508D is the relevant statute. It says, at § 508D-4 and § 508D-5 that no one may sell residential real property without signing and dating a disclosure statement within six months before or ten calendar days after accepting a prospective buyer's real estate purchase offer.
The only material facts that must be disclosed are those that are within the knowledge or control of the seller, can be observed from visible, accessible areas, release or waiver of construction defects, or a few other conditions listed in HRS 508D-15. The key phrase in this is ?material fact? which is also defined.
A seller must disclose to a buyer all known material defects about property being sold that are not readily observable. This disclosure statement is designed to assist the seller in complying with disclosure requirements and to assist the buyer in evaluating the property being considered.
