DO I HAVE TO PROVIDE A SELLERS DISCLOSURE NOTICE

Dated: 09/08/2015

Views: 1015

09/08/2015 | Author: Editorial Staff | Source: TAR WEBSITE

I'm selling a single-family investment property that I haven't seen in years. I have no knowledge of the property’s condition. Do I have to fill out a seller's disclosure?

Yes. The Texas Property Code requires a seller of residential real property comprising not more than one dwelling unit to provide a seller’s disclosure notice to the buyer. Although the Property Code does provide certain exceptions to this requirement, a seller never seeing or living in the property is not one of them. After all, knowledge of the property can come from sources other than a visual examination, such as complaints from tenants or reports from property managers. If a seller is unaware of any particular condition of the property, the seller can indicate that on the notice.

Failing to provide a completed seller’s disclosure notice to a buyer may entitle the buyer to certain remedies, like terminating the contract.

Blog author image

Chip Franks

The Supreme Commander of The Real Estate MarketPlace and A Good Guy, In General! Ron "Chip" Franks was born in 1972 in the thriving metropolis of Killeen, Texas and makes his profession there as on....

Want to Advertise on this Site?

Latest Blog Posts

9 MoneySaving Tips That Grandma Never Told You About

Your grandma and her ma before her knew how to pinch pennies. Bet they knew where every dime of their household income went. Do you? Don't kick yourself if you don't. It's tough in this day and

Read More

5 Painting Mistakes Thatll Show

 5 Painting Mistakes That’ll ShowPainting can be one of the most cost-effective ways to spruce up a listing. But homeowners can also make a lot of mistakes with this common DIY job. 

Read More

Preparing Your Home For Sale 2018

Have you really considered selling your home ?Are there lots and lots of questions that you'd like answered well let's try to answer a few ?Are you trying to sell your home as quickly as possible

Read More

Zillow

I realize that you may not know where I am. I am the owner of The Real Estate Home Team which is in Copperas Cove, TX. I have been helping people buy and sell homes in the entire Fort Hood area for

Read More