This form is a Seller's Disclosure Statement for use in a residential sales transaction in Pennsylvania. This disclosure statement concerns the condition of property and is completed by the Seller.
Pennsylvania Residential Real Estate Sales Disclosure Statement
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Description Seller's Disclosure
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How to fill out Residential Estate Disclosure?
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Real Estate Disclosure Document FAQ
You will need to check into your state's law.In fact, in some states, sellers are explicitly told (within the law or by court decisions) that they do NOT need to disclose deaths on the property to buyers. This is the case in Arizona, Georgia, and Pennsylvania, for example.
Under California law, all material facts that affect the value or desirability of the property must be disclosed to the buyer. There is no specific definition or rule on what is considered to be a material fact.
In Pennsylvania, the sellers of a house are usually required by law to disclose the condition of that home.Where applicable, the law requires a seller to disclose to a buyer all known material defects about the property being sold that are not readily observable.
California's Especially Stringent Disclosure Requirements Sellers must fill out and give the buyers a disclosure form listing a broad range of defects, such as a leaky roof, deaths that occurred within three years on the property, neighborhood nuisances such as a dog that barks every night, and more.
So, in Pennsylvania, the law continues to require sellers to disclose only identifiable damage. Another example of what is not included: what the neighbors are like.
The Property Condition Disclosure Act requires the seller of residential real property to cause this disclosure statement or a copy thereof to be delivered to a buyer or buyer's agent prior to the signing by the buyer of a binding contract of sale.
In Pennsylvania, the sellers of a house are usually required by law to disclose the condition of that home.Where applicable, the law requires a seller to disclose to a buyer all known material defects about the property being sold that are not readily observable.
Who Must Make These Seller Disclosures in California. As a broad rule, all sellers of residential real estate property containing one to four units in California must complete and provide written disclosures to the buyer.
Selling a house as-is in Pennsylvania is not tricky. Determining if spending time and money repair the property is worth it, can be. Before sellers take on a project, they should ask, is this even worth it?.