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What is a Seller’s Disclosure? Here’s Why It’s Important

Redfin

Whether you’re about to purchase a new condo or sell your current home , there is a lot to learn and paperwork to sign. One of these critical documents is called a seller’s disclosure. . A seller’s disclosure, also known as a property disclosure, is a document that sellers are legally required to provide buyers.

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What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Dobbs works in Illinois, where buyer representation agreements are not common. Some states require sellers to fill out a seller disclosure statement documenting known repair needs or health and safety hazards in the home.

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25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

You can avoid getting into this situation by avoiding making other big purchases or applying for other loans once you are approved for a mortgage and under contract. First, when deciding to purchase a home, you’ll naturally try to make sure you’re at a stable point in your career. Problem: There’s an issue with the Closing Disclosure.

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Selling a House ‘As Is’ in Washington State

HomeLight

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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