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 Seattle Washington Residential Real Estate Sales Disclosure Statement is a crucial document required by law in the state of Washington to be presented by sellers of residential properties to potential buyers. It serves as a comprehensive disclosure of important information regarding the property's condition, history, and other relevant details that may affect the buyer's decision-making process. The purpose of this disclosure statement is to ensure transparency and protect both sellers and buyers in real estate transactions. Keywords: Seattle Washington, Residential Real Estate, Sales Disclosure Statement, property condition, disclosure, information, history, transparency, real estate transactions, sellers, buyers. In Seattle, there are different types of Residential Real Estate Sales Disclosure Statements that pertain to specific situations or property types. These can include: 1. Standard Residential Real Estate Sales Disclosure Statement: This is the basic form used for most residential property sales in Seattle. It covers general property information, including the age of the property, existing systems such as plumbing and electrical, any known architectural or structural issues, and any prior improvements or renovations. 2. Condominium Disclosure Statement: This type of disclosure statement is specific to condominium units and provides additional information related to the governance and regulations of the condominium association. It includes details about association fees, bylaws, rules and regulations, reserve funds, maintenance responsibilities, and any ongoing litigation or disputes that may involve the condominium association. 3. New Construction Disclosure Statement: This form is used when selling newly constructed residential properties. It includes information regarding warranties provided for the construction, materials used, potential defects, and any applicable home builder guarantees. 4. Lead-Based Paint Disclosure: This disclosure is required for properties built before 1978 and informs buyers about the potential presence of lead-based paint. It outlines the hazards associated with lead-based paint, offers information on testing methods and results, and provides safety measures to prevent lead exposure. 5. Environmental Hazard Disclosure Statement: In certain cases, such as if the property is located in a flood zone or near hazardous waste sites, an Environmental Hazard Disclosure Statement may be necessary. This form discloses information about environmental hazards that may affect the property, including flood risks, soil contamination, or proximity to airports or landfills. As a prospective buyer in Seattle, it is essential to review and understand the appropriate type of Residential Real Estate Sales Disclosure Statement for the property you are considering. It is also advisable to consult with a qualified real estate agent or attorney to ensure that all necessary disclosures have been made and thoroughly evaluated before proceeding with the purchase.
