Each state has statutory requirements regarding real estate disclosures in residential home sales. Seller disclosures are intended to provide the buyer information about conditions that may impair the value of the home.
In addition to disclosures within the executory contract, the seller must provide a separate seller's disclosure. A seller's real estate disclosure is referred to as a property disclosure, seller's statement of condition, property statement or other name depending on the state. The seller's disclosure should be provided to the buyer prior to or at the signing of the sales contract.
The following is an example of the type of information contained in a seller's disclosure.
NOTE: THIS IS NOT A COMPLETE SELLER'S DISCLOSURE A. MAJOR APPLIANCES AND SYSTEMS Are the following items in working order? |
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No |
NA |
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Yes |
No |
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Oven and Range |
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Ceiling Fans |
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Range Hood |
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Attic Fan |
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Gas Grill |
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Bathroom Vent/Fans |
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Refrigerator |
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Smoke Detectors |
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Freezer |
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Security Systems (if owned) |
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Dishwasher |
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Intercom |
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Disposal |
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Solar Systems |
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Microwave Oven |
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Garage Door Opener(s) |
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Trash Compactor |
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Garage Door Remote(s) |
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Clothes Washer |
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Sprinkler System |
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Clothes Dryer |
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Invisible Fence & Collars |
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Water Softener (if owned) |
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Attached Antenna/Rotor |
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Water Heater |
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Satellite Dish (if owned) |
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Water Purifier |
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Data Communication Line |
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Sump Pump |
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Landscape Lighting |
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Toilets |
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Central Air Conditioner |
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Bathtubs/Showers/Basins |
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Window Air Conditioners |
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Hot Tub/Spa/Sauna |
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Plumbing System |
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Pool & Related Equipment |
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Sewer System |
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Central Vacuum |
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Heating/Cooling System |
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Central Humidifier |
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Electrical System & Wiring |
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Electric Air Filter |
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Windows/Skylights |
Yes |
No |
NK |
B. LAND, DRAINAGE & MOISTURE |
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Yes |
No |
NK |
C. STRUCTURES |
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Yes |
No |
NK |
D. TERMITES, PESTS, DRY ROT |
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Yes |
No |
NK |
F. ELECTRICAL |
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Yes |
No |
NK |
G. PLUMBING & SEWER |
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Yes |
No |
NK |
H. HEATING, COOLING, FIREPLACE |
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Yes |
No |
NK |
I. ENVIRONMENTAL HAZARDS |
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