The Houston Texas Seller's Real Estate Disclosure Statement is a vital document that provides important information about a residential property in Houston, Texas. It is an essential part of the home-buying process as it helps potential buyers make informed decisions about the property's condition, potential risks, and history. This disclosure statement is typically completed by the seller and offers transparency by revealing any known defects, renovations, or legal issues associated with the property. By law, sellers in Houston are required to provide this document to the buyer before the sale closes. The Houston Texas Seller's Real Estate Disclosure Statement may vary slightly depending on the situation and type of property being sold. Some common types of these disclosure statements include: 1. Residential Property Disclosure Statement: This is the most common type of disclosure statement used for residential properties in Houston. It covers a wide range of information about the condition, repairs, and any known issues with the property. Sellers are expected to disclose any past or present problems related to the roof, plumbing, electrical systems, foundation, HVAC, or any other significant components of the house. 2. Condominium Disclosure Statement: In cases where the property being sold is a condominium unit, a specific Condominium Disclosure Statement may be used. This statement includes information about the building's homeowners association (HOA), the unit's monthly fees, any ongoing or planned assessments, and the rules and regulations governing the condominium community. 3. Historic Property Disclosure Statement: If the property being sold is a designated historic property, sellers are required to provide a Historic Property Disclosure Statement. This document outlines any restrictions or requirements imposed by local historic preservation ordinances or governing bodies. It may include information on the property's historical significance, any preservation easements, or specific guidelines for alterations or renovations. 4. New Construction Disclosure Statement: When selling a newly constructed home or a property with recent renovations, builders or sellers might provide a New Construction Disclosure Statement. This document focuses on the materials used, warranties, and any defects that may arise due to construction or renovation activities. Overall, the Houston Texas Seller's Real Estate Disclosure Statement is an invaluable tool for prospective homebuyers to assess the condition and potential risks associated with a property. It helps ensure transparency and protect buyers from unforeseen issues after the purchase.
Texas Seller's Disclosure Form
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How to fill out Houston Texas Seller's Real Estate Disclosure Statement?
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FAQ
Texas is one of a handful of states that are considered ?non-disclosure? states. This means there is no law that allows the state government, including appraisal districts, to force you to provide it with sales price information.
Seller's disclosure requirements do not apply to foreclosure sales, or to the subsequent sale by a foreclosing lender (Texas Property Code Section 5.008). Foreclosure sales are also exempt from the federal lead-based-paint disclosure requirements.
Any ongoing problems with neighbours, including boundary disputes. Any neighbours known to have been served an Anti Social Behaviour Order (ASBO) Whether there have been any known burglaries in the neighbourhood recently. Whether any murders or suicides have occurred in the property recently.
THIS NOTICE IS A DISCLOSURE OF SELLER'S KNOWLEDGE OF THE CONDITION OF THE PROPERTY AS OF THE DATE SIGNED BY SELLER AND IS NOT A SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THE PURCHASER MAY WISH TO OBTAIN. IT IS NOT A WARRANTY OF ANY KIND BY SELLER OR SELLER'S AGENTS. Seller.
The Texas Property Code requires that most home sellers fill out a Seller's Disclosure form. The purpose of the form is to disclose any issues with the house you are selling that you are aware of and give the potential buyers information and a historical account of your home.
Is a Seller's Disclosure Required in Texas? Yes. Section 5.008 of the Texas Property Code requires anyone selling a single family home to fill out a seller's disclosure. It even has a script you can use to write your disclosure?so you know you've met all the requirements.
The seller's failure to provide the required disclosures entitles you to make claims for monetary damages for undisclosed defects under either the Texas Deceptive Trade - Consumer Protection Act or the Statutory Fraud Act.
Disclosure Laws in Texas for Home Sales It says that sellers of single-unit residential real property must give purchasers a written notice containing their knowledge of the condition of the property, and sets forth language that should be on that form, focusing on material defects.