This form is a Seller's Disclosure Statement for use in a residential sales transaction in Texas. This disclosure statement concerns the condition of property and is completed by the Seller.
The Harris Texas Residential Real Estate Sales Disclosure Statement is a crucial document that provides important information about the condition of a residential property being sold in Harris County, Texas. It aims to ensure transparency and protect both the buyer and seller in real estate transactions. This disclosure statement outlines various aspects of the property, including its physical condition, history, and any known issues. It is designed to ensure that potential buyers have all the necessary information to make informed decisions before purchasing a residential property. The disclosure requirements are governed by the Texas Property Code, specifically Section 5.008. The Harris Texas Residential Real Estate Sales Disclosure Statement typically includes the following elements: 1. Property Details: This section includes information such as the property's address, legal description, and other basic details. 2. Seller's Disclosure: Sellers are required to disclose any known defects or problems related to the property. This may include issues with the foundation, plumbing, electrical systems, roofing, HVAC, or presence of hazardous materials like asbestos, lead-based paint, or mold. 3. Environmental Disclosures: This section covers any environmental hazards or conditions affecting the property. It may mention whether the property is located in a flood zone, near a landfill, or has soil contamination issues. 4. Structural and Other Property Disclosures: The statement may inquire about the presence of termite damage, structural issues, or any other significant problems that may impact the property's value or safety. 5. Legal Disclosures: This portion includes legal matters, such as ongoing lawsuits or disputes related to the property, boundary disputes, or any liens or encumbrances on the property. 6. Homeowners Association (HOA) Disclosures: If the property is part of an HOA or falls within a planned community, it may require additional disclosures about HOA rules, fees, and restrictions. Different types of the Harris Texas Residential Real Estate Sales Disclosure Statement may exist depending on the property type or specific requirements. For instance, there might be separate disclosure forms for single-family homes, condominiums, townhouses, or multi-unit properties. It is essential for both sellers and buyers to thoroughly review and understand the contents of the Harris Texas Residential Real Estate Sales Disclosure Statement. If buyers have concerns or questions about the information disclosed, they can request further inspections or negotiate repairs or contingencies in the purchase agreement. Ultimately, this disclosure statement serves as a vital tool for transparent and fair real estate transactions in Harris County, Texas.The Harris Texas Residential Real Estate Sales Disclosure Statement is a crucial document that provides important information about the condition of a residential property being sold in Harris County, Texas. It aims to ensure transparency and protect both the buyer and seller in real estate transactions. This disclosure statement outlines various aspects of the property, including its physical condition, history, and any known issues. It is designed to ensure that potential buyers have all the necessary information to make informed decisions before purchasing a residential property. The disclosure requirements are governed by the Texas Property Code, specifically Section 5.008. The Harris Texas Residential Real Estate Sales Disclosure Statement typically includes the following elements: 1. Property Details: This section includes information such as the property's address, legal description, and other basic details. 2. Seller's Disclosure: Sellers are required to disclose any known defects or problems related to the property. This may include issues with the foundation, plumbing, electrical systems, roofing, HVAC, or presence of hazardous materials like asbestos, lead-based paint, or mold. 3. Environmental Disclosures: This section covers any environmental hazards or conditions affecting the property. It may mention whether the property is located in a flood zone, near a landfill, or has soil contamination issues. 4. Structural and Other Property Disclosures: The statement may inquire about the presence of termite damage, structural issues, or any other significant problems that may impact the property's value or safety. 5. Legal Disclosures: This portion includes legal matters, such as ongoing lawsuits or disputes related to the property, boundary disputes, or any liens or encumbrances on the property. 6. Homeowners Association (HOA) Disclosures: If the property is part of an HOA or falls within a planned community, it may require additional disclosures about HOA rules, fees, and restrictions. Different types of the Harris Texas Residential Real Estate Sales Disclosure Statement may exist depending on the property type or specific requirements. For instance, there might be separate disclosure forms for single-family homes, condominiums, townhouses, or multi-unit properties. It is essential for both sellers and buyers to thoroughly review and understand the contents of the Harris Texas Residential Real Estate Sales Disclosure Statement. If buyers have concerns or questions about the information disclosed, they can request further inspections or negotiate repairs or contingencies in the purchase agreement. Ultimately, this disclosure statement serves as a vital tool for transparent and fair real estate transactions in Harris County, Texas.
