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Seller’s Disclosure Statement - Everything You Should Know

Understand the importance of a Selleru2019s Disclosure Statement in real estate. Learn what to include, why it protects both buyers and sellers, and how to complete it accurately to avoid legal risks. https://somethingdifferentre.com/sellers-disclosure-statement/

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Seller’s Disclosure Statement - Everything You Should Know

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  1. WHY TRANSPARENCY PROTECTS BOTH BUYERS & SELLERS https://somethingdifferentre.com

  2. WHAT IS A SELLER’S DISCLOSURE STATEMENT? A legal document required in real estate transactions Outlines known issues or defects with the property Includes information about: 1.Property condition 2.Repairs made 3.Environmental hazards 4.Structural concerns https://somethingdifferentre.com

  3. COMMON DISCLOSURES INCLUDE Roof leaks or past damage Plumbing or electrical issues Pest infestations (past or present) Mold or water damage Renovations or repairs Environmental risks (flood zones, asbestos, etc.) https://somethingdifferentre.com

  4. LEGAL REQUIREMENTS Disclosure laws vary by state or region Failure to disclose known issues can lead to: Financial penalties Legal action Contract cancellation https://somethingdifferentre.com

  5. HOW BUYERS USE THE DISCLOSURE Review before finalizing purchase May request additional inspections Negotiate repairs or pricing based on findings Ensure no surprises post-purchase https://somethingdifferentre.com

  6. NEED HELP NAVIGATING DISCLOSURES? Contact a trusted real estate professional to guide you through the process. Website: somethingdifferentre.com

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