This form is a Seller's Disclosure Statement for use in a residential sales transaction in Washington. This disclosure statement concerns the condition of property and is completed by the Seller.
The King Washington Residential Real Estate Sales Disclosure Statement is a crucial legal document that provides comprehensive information about a property's condition, potential hazards, and other relevant aspects to prospective buyers. This disclosure statement aims to ensure transparency and protect the rights of buyers while preventing any hidden surprises or misunderstandings during the transaction process. In King Washington, there are several types of Residential Real Estate Sales Disclosure Statements, including: 1. General Property Condition Disclosure: This type of disclosure statement covers the overall condition of the property, including structural integrity, plumbing, electrical systems, appliances, and any known defects or issues. It also includes information about recent renovations or repairs performed on the property. 2. Environmental Disclosures: These statements focus on potential environmental concerns associated with the property, such as the presence of hazardous materials (e.g., lead-based paint, asbestos, mold) or proximity to environmentally sensitive areas (e.g., wetlands, flood zones). 3. Neighborhood Disclosures: This type of disclosure statement provides information about the neighborhood in which the property is located. It may include details about zoning regulations, noise levels, crime rates, nearby facilities or amenities, schools, transportation options, and any pending or future development plans that may impact the area. 4. Seller's Disclosure of Property History: This disclosure statement highlights the property's history, such as previous renovations, additions, repairs, insurance claims, or any significant events that have occurred on the premises (e.g., fires, floods, structural damages). 5. Homeowner's Association (HOA) Disclosures: In case the property is part of an HOA or a planned community, this disclosure statement informs potential buyers about the association's rules, regulations, fees, responsibilities, and any pending or ongoing litigation involving the HOA. Prospective buyers are strongly advised to carefully review the Residential Real Estate Sales Disclosure Statement provided by the seller before making any decisions or offers. They may also seek professional assistance from real estate agents, lawyers, or home inspectors to ensure they understand all the information provided and to address any concerns or questions they may have.
