What disclosures are required by the seller?

Here are eight common real estate seller disclosures to be aware of, whether you're on the buyer's side or the seller's side. Death in the Home.Neighborhood Nuisances.Hazards.Homeowners' Association Information.Repairs.Water Damage.Missing Items.Other Possible Disclosures.

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Seller's Disclosure Statement for Vacant Land

Oakland Michigan Seller's Disclosure Statement for Vacant Land

Name: Oakland Michigan Seller's Disclosure Statement for Vacant Land
Brand: US Legal Forms
Rating: 4.58 (471 reviews)

Category:

Real Estate - Disclosures

State:

Multi-State

County:

Oakland

Control #:

US-03302BG

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Instant download

Description

In some states, a seller is required to disclose known facts that materially affect the value of the property that are not known and readily observable to the buyer. The Seller is required to disclose to a buyer all known facts that materially affect the value of the property which are not readily observable and are not known to the buyer. That disclosure requirement exists whether or not the seller occupied the property. A Vacant Land Disclosure Statement specifically designed for the disclosure of facts related to vacant land is used in such states.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

How to fill out Oakland Michigan Seller's Disclosure Statement For Vacant Land?

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Here are eight common real estate seller disclosures to be aware of, whether you're on the buyer's side or the seller's side. Death in the Home.Neighborhood Nuisances.Hazards.Homeowners' Association Information.Repairs.Water Damage.Missing Items.Other Possible Disclosures.

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 prospective buyers.

A. General Disclosure Duties: You must affirmatively disclose to the buyer, in writing, any and all known facts that materially affect the value or desirability of your Property. You must disclose these facts whether or not asked about such matters by the buyer, any broker, or anyone else.

The TDS law does not apply to residential properties of 5 or more units, commercial, industrial, vacant land or agricultural property.

You will need to include information about all appliances in the home, including which are included in the sale as well as whether they are operational. You will also need to disclose any room additions, damage, or neighborhood noise problems.

California's Especially Stringent Disclosure Requirements In addition, California sellers must fill out a separate form that discloses potential hazards from floods, earthquakes, fires, environmental hazards, and other problems. (This is called a Natural Hazard Disclosure Statement.)

In California, sellers must provide a Transfer Disclosure Statement (TDS) to any potential buyer whose offer has been accepted. This form asks specific questions about defects or malfunctions the seller may be aware of.

Under California law (Civil Code §1102.2) certain Sellers of one-to-four unit residential properties are exempt from providing the Buyer with a Transfer Disclosure Statement (TDS).

California Real Estate Disclosure Requirements In California, sellers must provide a Transfer Disclosure Statement (TDS) to any potential buyer whose offer has been accepted. This form asks specific questions about defects or malfunctions the seller may be aware of.

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Representations in the Disclosure Form are those of the Seller only, and not the Real Estate Agents. The Disclosure Act applies only to Sellers.INSTRUCTIONS TO SELLER: (1) Complete this form yourself. Who fills out the form? All sellers of existing 1-4 family homes and town homes must complete and sign the Property Condition Disclosure Statement. To be completed within first 4 years completing 521 LC units and 5200 miles of rail. This agreement for vacant land is responsible for real estate.

Oakland Michigan Seller's Disclosure Statement for Vacant Land

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How to fill out Oakland Michigan Seller's Disclosure Statement For Vacant Land?

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What disclosures are required by the seller?

Is seller disclosure mandatory in California?

What disclosures are required when selling vacant land in California?

Is a transfer disclosure statement required for vacant land?

What does a seller have to disclose in California?

What environmental issues must be disclosed on the seller's property disclosure form?

Is a seller disclosure required in California?

Who is exempt from seller disclosure in California?

What are the mandatory real estate disclosures in California?

Interesting Questions

What is a Seller's Disclosure Statement for Vacant Land in Oakland?

Why is a Seller's Disclosure Statement important?

Is a Seller's Disclosure Statement required for selling vacant land in Oakland?

What kind of information should be disclosed in a Seller's Disclosure Statement?

Can the seller omit certain information from the Seller's Disclosure Statement?

Are there any exemptions for providing a Seller's Disclosure Statement?

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