Washington Purchase or Sale of Real Property - Land or Lot - Questionnaire

State:
Multi-State
Control #:
US-Q1036
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in a lot or land sale matter. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney’s case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client’s needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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FAQ

In the state of Washington, you, as a residential home seller, are required by law to disclose certain details about a residential property you are trying to sell. These disclosures are important because buyers want to know as much as possible about a property before they make such an important purchase.

Technically, any CAS-covered contract of $50 million or more always requires a disclosure statement prior to the contract award. Most contractors that are not currently CAS covered when they submit such a bid, will not comply with this requirement.

Washington's Seller Disclosure Statute, RCW 64.06, originally passed in 1994, required Sellers of real property to disclose material defects on a Seller Disclosure Statement, which quickly became known as a Form 17.

There is a legal doctrine called caveat emptorwhich is latin for let the buyer beware. Under this theory, it is the buyer's obligation to reasonably inspect a good she is purchasing.

Washington courts have repeatedly affirmed the legal principal of caveat emptor, meaning buyer-beware. A buyer should make sure to investigate any defects it learns of both in areas where the defect is known to exist and throughout the entirety of the home.

First, you will want to have the land surveyed for any potential risk. Then you will want to make sure you know about any environmental restrictions, zoning guidelines, and permitting necessary for when you start to build your home. You don't want to end up with a piece of land that you aren't able to build on.

Almost all real estate sales in Washington State require a seller disclosure statement to be given to the buyer. Home sales, including condominium units, are included in the types of sales requiring a seller disclosure statement. The statute (RCW 64.06.

In the state of Washington, you, as a residential home seller, are required by law to disclose certain details about a residential property you are trying to sell. These disclosures are important because buyers want to know as much as possible about a property before they make such an important purchase.

While sellers don't have a duty to inspect their home or look for defects, they do have a duty to disclose defects that affect the value, physical condition, or title to the property. Sellers should consider disclosure to be a form of insurance.

More info

A land contract is a written legal contract used to purchase real estate, such as vacant land, a house, an apartment building, or other real property. In Washington, selling your house without a real estate agent is possible, and it could save you a lot of money in agent commission fees.In today's hot real estate market it's relatively easy to sell your average house, but selling land can be tricky and knowing how to sell land can make a ... Buying land is easier than other real estate purchases.The seller should be able to describe the zoning of the lot, but it's always ... These are just a few of the many questions raised when a property saleEvery estate involving a deceased that owned real property will need to go ... Before you pull out that checkbook, ask these thirteen questions to make sure your land real estate purchase is worth every dollar of your ... Houses built by a developer and offered for sale are stock in trade.For real estate, it means property purchased with the intent to sell it, such as a ... The Real Property Division assists city departments in all facets of real estate transactions ? providing strategic advice and purchasing property rights ... When the time comes, you'll also need to have a lot of questionsNote: if you are not buying a property with a real estate agent or ... This publication explains how you treat items such as settlement and closing costs, real estate taxes, sales taxes, home mortgage interest, and repairs. The ...

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Washington Purchase or Sale of Real Property - Land or Lot - Questionnaire