Extract Data From Legal South Carolina Disclosures Forms For Free

South Carolina Code of Laws Ann., Title 27, Chapter 50, Article 1 requires that an owner of residential real estate (single-family homes and buildings with up to four dwelling units) shall provide to a purchaser this property condition disclosure statement, which must be completed prior to signing a contract of sale.

The South Carolina Code § 27-50-40 dictates that the seller ?shall furnish to a purchaser a written disclosure statement.? The Residential Property Condition Disclosure Form must also be promulgated by the commission and could be delivered via e-mail, which your agent can easily send using the internet.

Owner must provide the completed disclosure statement to the purchaser prior to the time the owner and purchaser sign a real estate contract unless the real estate contract states otherwise. Owner should provide a signed copy to the purchaser and keep a copy signed by the purchaser.

All residential (commercial is exempt) properties (1-4 units) are subject to the new law. That is, when a residential property is sold in SC after Jan. 1 2003, the seller will be required to complete a Disclosure Form. New construction is exempt under the law.

The statute requires that the disclosure statement include information on: (1) the water supply and sanitary sewage disposal system; (2) the roof, chimneys, floors, foundation, basement, and other structural components; (3) the plumbing, electrical, heating, cooling, and other mechanical systems; (4) past or present, ...

Before you can form a real estate contract with a potential buyer for your South Carolina home, state law requires that you give that buyer a "disclosure statement." This is a document that tells the buyer about any known defects in your home and property.