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The seller's failure to provide the required disclosures entitles you to make claims for monetary damages for undisclosed defects under either the Texas Deceptive Trade - Consumer Protection Act or the Statutory Fraud Act.
If the property is being sold by the executor of an estate, a seller's disclosure is not required. However, heirs at law and beneficiaries are not included in the list of exemptions and must therefore complete a seller's disclosure. Whether buying or selling, real estate law can be complex and confusing.
Seller's disclosure requirements do not apply to foreclosure sales, or to the subsequent sale by a foreclosing lender (Texas Property Code Section 5.008). Foreclosure sales are also exempt from the federal lead-based-paint disclosure requirements.
Texas is one of a handful of states that are considered ?non-disclosure? states. This means there is no law that allows the state government, including appraisal districts, to force you to provide it with sales price information.
THIS NOTICE IS A DISCLOSURE OF SELLER'S KNOWLEDGE OF THE CONDITION OF THE PROPERTY AS OF THE DATE SIGNED BY SELLER AND IS NOT A SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THE PURCHASER MAY WISH TO OBTAIN. IT IS NOT A WARRANTY OF ANY KIND BY SELLER OR SELLER'S AGENTS. Seller.
Sellers and landlords may state if they are aware of a variety of environmental conditions and material defects. The statement, which is not required by law to complete, can describe improved or unimproved properties.
Is a Seller's Disclosure Required in Texas? Yes. Section 5.008 of the Texas Property Code requires anyone selling a single family home to fill out a seller's disclosure. It even has a script you can use to write your disclosure?so you know you've met all the requirements.
Seller's disclosure requirements do not apply to foreclosure sales, or to the subsequent sale by a foreclosing lender (Texas Property Code Section 5.008). Foreclosure sales are also exempt from the federal lead-based-paint disclosure requirements.
Yes. Section 5.008 of the Texas Property Code requires anyone selling a single family home to fill out a seller's disclosure. It even has a script you can use to write your disclosure?so you know you've met all the requirements.
Texas is one of a handful of states that are considered ?non-disclosure? states. This means there is no law that allows the state government, including appraisal districts, to force you to provide it with sales price information.