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SELLER S PROPERTY DISCLOSURE STATEMENT SPD This form recommended and approved for but not restricted to use by the members of the Pennsylvania Association of REALTORS PAR. For a list of exempt sellers see Information Regarding the Real Estate Seller s Property Disclosure Law found on the last page of this document. A Material Defect is a problem with a residential real property or any portion of it that would have a significant adverse impact on the value of the property or that involves an...

How to fill out seller disclosure form pa

1. Before filling out the PA Sellers Disclosure Form, gather all necessary information about your property. This includes any known defects, repairs or improvements made, and any conditions that can affect the property's value or safety.
2. Start by providing basic information about the property in Section 1 of the form. This includes the property address, the type of property being sold, and the names of all owners.
3. In Section 2, disclose any known defects or problems with the property. This can include issues with the roof, foundation, plumbing, electrical systems, or any other significant areas. Be honest and thorough in your disclosures to avoid any legal complications in the future.
4. Section 3 of the form asks about any past repairs or improvements made to the property. Include details about the type of work done, the approximate dates, and whether it was performed by a professional or DIY.
5. Next, in Section 4, disclose any pending legal actions, zoning violations, or active code enforcement against the property. This information is important for potential buyers to be aware of.
6. Section 5 requires you to disclose any current or past issues with hazards, such as water intrusion, mold, lead-based paint, or radon. If you're unsure about the presence of these hazards, it's recommended to get professional inspections done.
7. Provide details about the property's utilities in Section 6. This includes information about the water supply, sewage system, heating and cooling systems, and any other relevant utilities.
8. If the property is part of a homeowners association (HOA), mention it in Section 7 and provide details about the HOA fees, rules, and any pending assessments.
9. Finally, sign and date the PA Sellers Disclosure Form in Section 8 to confirm that all the information provided is true and accurate to the best of your knowledge.

Who needs the PA Sellers Disclosure Form?

1. Sellers in Pennsylvania who are listing their property for sale are required to fill out the PA Sellers Disclosure Form.
2. Potential buyers and their real estate agents often request the completed form to review the property's condition and make informed decisions.
3. Real estate professionals involved in the buying and selling process may also rely on this form to assess the property's condition and address any concerns.

PA Sellers Property Disclosure Statement

Before you put that “fixer-upper” on the market, you should stop to consider the consequences of lying on your property disclosure statement.

Do you remember the time that you did some repairs to the windows and your contractor took you aside and quietly said that he had encountered something that resembled the dreaded four-letter word M-O-L-D in your home? Do you remember averting your eyes as the wall was resealed without the proper steps having been taken to deal with the chronic moisture?  Do you recall skimming over the question 5B on your PA Sellers Property Disclosure Statement about water infiltration?

While it behooves the buyer to do their due diligence, starting with professional housing inspections and extending to chatting up the neighbors, it is also the responsibility of the seller to document, to the best of their ability, any incidents which might affect the value of the property.

A seller’s property disclosure statement is something given to the buyer by the seller documenting their knowledge of potential issues with the property. It is not the same thing as an inspection; because there are things the seller may not be aware of that an inspection can bring to light.  The statement covers things like repairs or issues with the roof and/or basement, the seller’s awareness of termite damage, structural issues with the property, water supply, sewage and heating and cooling systems, electrical systems, land and flooding problems, hazardous waste issues, and finally any legal restrictions.

Lying on your statement may open you up to lawsuits down the road, especially if a buyer is able to gather evidence which points to your prior knowledge of a problem.  Each state has its own disclosure requirements, and municipalities within the state may have their own additional requirements.  Click PA Sellers Property Disclosure Statement form with PDFfiller now.

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Instructions and Help about disclosure papers for real estate

What is pa form disclosure?

A seller's property disclosure statement is something given to the buyer by the seller documenting their knowledge of potential issues with the property. ... Click PA Sellers Property Disclosure Statement form with PDFfiller now.

People Also Ask about seller's property disclosure statement pdf

What is the sellers disclosure statute in PA?

§ 7308. In completing the property disclosure statement, the seller shall not make any representations that the seller or the agent for the seller knows or has reason to know are false, deceptive or misleading and shall not fail to disclose a known material defect.

How long are you liable after selling a house in PA?

C.S. §§7501, up to two years from the date of closing. A claim may be provable through information gained from neighbors, utility bills, former Disclosure Statements, failed sales inspection reports, home warranty claims, and/or insurance claims.

What is the statute of limitations on seller disclosure in PA?

For example, under Pennsylvania law, a suit against a home inspector must be brought within one (1) year of the date the home inspection report is given to the buyer. The Pennsylvania Seller Disclosure Law requires the suit to be filed within two (2) years of the date closing.

Is Pennsylvania a full disclosure state?

Pennsylvania home sellers must, by law, advise potential buyers of the property about "known material defects" that are not readily observable, including structural problems, hazardous substances, and more, before the sale is completed.

Is a sellers disclosure required in PA?

Any seller who intends to transfer any interest in real property shall disclose to the buyer any material defects with the property known to the seller by completing all applicable items in a property disclosure statement which satisfies the requirements of section 7304 (relating to disclosure form).

What do you have to disclose when selling a house in Pennsylvania?

Seller: A seller must disclose to a buyer all known material defects about property being sold that are not readily observable. This disclosure statement is designed to assist the seller in complying with disclosure requirements and to assist the buyer in evaluating the property being considered.

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What is Pennsylvania sellers disclosure form?

The Pennsylvania sellers disclosure form is a legal document used in real estate transactions that requires sellers to provide potential buyers with information about the condition of the property being sold.

Who is required to file Pennsylvania sellers disclosure form?

Sellers of residential real estate properties in Pennsylvania are required to complete and provide the sellers disclosure form to prospective buyers.

How to fill out Pennsylvania sellers disclosure form?

To fill out the Pennsylvania sellers disclosure form, sellers should carefully answer each question regarding the condition of the property, disclose any known defects, and provide relevant details about past repairs and improvements.

What is the purpose of Pennsylvania sellers disclosure form?

The purpose of the Pennsylvania sellers disclosure form is to promote transparency in real estate transactions by ensuring that buyers are informed about the property's condition before making a purchase.

What information must be reported on Pennsylvania sellers disclosure form?

The information that must be reported on the Pennsylvania sellers disclosure form includes details about the property's structural condition, systems (like plumbing and electrical), pests, and any known issues or repairs.