what are disclosures in real estate

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In real estate,disclosures refer to theseller legal obligation to reveal known defects about the home or property they檙e selling. A property disclosure statement is the actual documentation of a seller disclosure.

People also ask


  • What is a real estate disclosure statement?

  • Real estate disclosure statements, which can come in a variety of forms, are the buyer opportunity to learn as much as they can about the property and the seller experience in it.

  • What does it mean when a seller makes a disclosure?

  • What does seller disclosure mean? In real estate, disclosures refer to the seller legal obligation to reveal known defects about the home or property they檙e selling. A property disclosure statement is the actual documentation of a seller disclosure.

  • What are the most common disclosures in real estate?

  • These common disclosures are all related to the 渞eal property??the legal term for the actual physical structure and the land. Health and safety hazards:Mold disclosure is common, as are radon and asbestos disclosures.

  • What do sellers have to disclose about defects?

  • Answer: Sellers disclosure, the known material defects about the property. Typically, a seller would make these disclosures on a Real Estate Transfer Disclosure Statement (TDS). However, if an item is not covered on a TDS, a seller must still make these disclosures about known material defects.

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