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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...

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How to fill out pennsylvania sellers disclosure form

01

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.

02

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.

03

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.

04

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.

05

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.

06

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.

07

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.

08

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.

09

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?

01

Sellers in Pennsylvania who are listing their property for sale are required to fill out the PA Sellers Disclosure Form.

02

Potential buyers and their real estate agents often request the completed form to review the property's condition and make informed decisions.

03

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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What is pa sellers disclosure form?

The Pennsylvania Seller’s Disclosure Form is a disclosure document required by the Pennsylvania Real Estate Seller Disclosure Law. It is a standard form completed by the seller of a residential property that provides prospective buyers with information about the property’s condition and any known defects. The form must be completed and signed by the seller before the sale of the property can be finalized.

How to fill out pa sellers disclosure form?

1. Read the entire form carefully and make sure you understand all the instructions. 2. Fill out the form completely and accurately. Provide all requested information. 3. Print your name and sign the form as the seller. 4. Have a witness sign and date the form. 5. Make copies of the completed form for your records. 6. Submit the form to the real estate agent or whoever is handling the sale.

What information must be reported on pa sellers disclosure form?

1. The seller's name and address. 2. The date of the sale. 3. Whether the seller has had any lawsuits, judgments or liens against them in the past five years. 4. Whether any improvements or repairs have been made to the property since the seller has owned it. 5. Whether there are any outstanding violations, such as zoning or building code violations, or any unpaid taxes on the property. 6. Whether the seller has received any notices from the local government or utility companies concerning the property. 7. Whether the property is located in a flood plain. 8. Whether there are any easements, rights of way, or other encumbrances on the property. 9. Whether the property is subject to any leases or rental agreements. 10. Whether the property is subject to any homeowner association fees or other assessments. 11. Whether the property is subject to any liens or encumbrances. 12. Whether there are any other conditions, restrictions, or limitations on the use of the property.

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