Sunday, February 4, 2007

Seller's Property Disclosure

A Seller disclosure used in Pennsylvania is a 6 page document that must be filled out by the Seller prior to marketing their home. If it is an estate, foreclosure, or relocation buy out, they are not required. You may ask, What is a Seller Disclosure? It asks a series of questions, about all areas of the home, if you had any problems with the home, if you pulled permits for improvements to the home. If their are defects in the home. Do you have water leakage in the home? Was your home ever treated for wood-destroying insects? A big concern addressed are structutural items. You want to know what your source of drinking water is, this is addressed in this document. You will also know what appliances are remaining and if they being sold in a "as is" condition. A good tip! If appliances are staying, with the property, make note of model & serial number so they are not switched out. The disclosure will also state what tests were performed to the property, and the results of them. In a nutshell, it sparks the seller's memory on the condition of the home. Feel free to contact me if you need more info, on this posting or others. Have a great day!

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