Today's real estate tip is for home sellers i've been selling real estate for 24 years one of my biggest complaints are incomplete sellers property disclosure statements i see them very often when i represent buyers if you as a seller fail to disclose a known defect even if i accident by failing to list it on your seller's property disclosure statement when completing the paperwork to list your home you're leaving yourself vulnerable to a possible lawsuit from the buyer after the sale if you don't want this to happen to you call me to list your home i'll see to it that is done right.
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About Sellers Disclosure Pa
Sellers Disclosure PA refers to the Pennsylvania Sellers Disclosure Law, which requires sellers of residential real estate in Pennsylvania to provide a written disclosure statement to potential buyers. The law was enacted to ensure that buyers have access to important information about the condition of a property they are interested in purchasing. The disclosure statement covers various aspects of the property, such as its structural integrity, mechanical systems, water and sewage systems, electrical systems, and overall condition. It also includes any known material defects or issues that could affect the value or safety of the property. The Sellers Disclosure PA is mandatory for sellers of residential real estate properties in Pennsylvania. This includes single-family homes, condominiums, townhouses, and certain multi-unit buildings with up to four units. Sellers are legally obligated to provide this disclosure statement to potential buyers before they enter into a sales contract. By providing this disclosure, sellers aim to give buyers a clear understanding of the condition of the property and any potential issues they may need to address. This information empowers buyers to make informed decisions about whether to proceed with the purchase, negotiate the price, or request repairs prior to closing the deal. It is important for both sellers and buyers to understand the relevance and significance of Sellers Disclosure PA when engaging in real estate transactions in Pennsylvania. Compliance with this law helps promote transparency and protect the interests of both parties involved.
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