Posts Tagged ‘Form 17’

Search Terms in Seattle

Wednesday, December 2nd, 2009

Seattle Real Estate Search Terms

Web sta­tis­tics include the terms peo­ple use to search on my web­sites. Through the first 36 hours of Decem­ber 2009, the search terms which brought peo­ple to GNAde.com were:

  1. wash­ing­ton state rodent dis­clo­sure buy home
  2. stairs near the liv­ing room
  3. home sell­ers dis­clo­sure form wash­ing­ton state
  4. first time home buyer tax credit seattle
  5. din­ing room with sky­light light­ing room design
  6. mount­lake terrace
  7. real estate attor­ney north­gate washington
  8. cus­tomer tes­ti­mo­ni­als exam­ples real estate
  9. form 17.doc washington
  10. real estate laws for wash­ing­ton state
  11. under­stand form 17 seller disclosure
  12. bed mas­ter room door out
  13. fail­ure to pro­vide resale cer­tifi­cate wa
  14. exam­ple of home buy­ers form 17
  15. the liv­ing end 1998
  16. brick tudor homes
  17. first time home buyer seattle
  18. form 17 wash­ing­ton state law
  19. dec­la­ra­tion state­ment real estate washington
  20. wash­ing­ton state form 17
  21. real estate seat­tle area
  22. prop­erty dealer — tes­ti­mo­nial by clients
  23. 8000 tax credit flyer

Six of the 23 terms deal with seller dis­clo­sure or men­tion directly Form 17, the Wash­ing­ton Seller Dis­clo­sure State­ment which I have called “form fatale.” Two are look­ing for infor­ma­tion about the which has not only been extended for tax credit for first-time buy­ers but also expanded to include tax cred­its for cur­rent home buy­ers.

Five search terms deal with spe­cific loca­tions (Mount­lake Ter­race and North­gate ) and home style or fea­tures (brick tudor, stair loca­tion, sky­lights). The lat­ter where likely image searches.

The one seach term on the list that has me baf­fled is “the liv­ing end 1998.”

Seller Disclosure Statement: Form Fatale

Monday, May 19th, 2008

Seller Disclosure StatementAlmost as inevitable as death and taxes, the Wash­ing­ton Seller Dis­clo­sure State­ment is a sure thing when it comes to sell­ing res­i­den­tial prop­erty in Wash­ing­ton State. Form 17, as it is also called, looms large and larger.

Get­ting more com­plex over time.

The state leg­is­la­ture keeps adding and chang­ing Form 17. The last major change was in 2003. Sub­se­quent effec­tive dates and changes/additions per­tained to:

  • Jan­u­ary, 2005: sex offender in area
  • June, 2005: prox­im­ity to farms
  • June, 2006: farm prox­im­ity lan­guage changed
  • June, 2007: envi­ron­men­tal sec­tion added plus other major changes

Major changes include:

  • Def­i­n­i­tion and des­tinc­tion between improved and unim­proved res­i­den­tial property
  • Amends the exist­ing Form 17 used for “improved” property
  • New Seller Dis­clo­sure State­ment to be pro­vided to buyer of “unim­proved” prop­erty zoned for res­i­den­tial use
  • Lim­its a Buyer’s abil­ity to waive receipt of either form

Changes to sec­tions of the form include:

  • Sec­tion 6 – title of sec­tion changed from “Com­mon Inter­ests” to “Home­own­ers’ Association/Common Interests”.
  • Sec­tion 7 – title of sec­tion changed from “Gen­eral” to “Envi­ron­men­tal”. This sec­tion must be pro­vided to the Buyer, and receipt of this sec­tion can­not be waived by the Buyer, if the answer to any ques­tion in the sec­tion is “yes”.
  • Sec­tion 7(D) – replaces old ques­tions related to flood­ing with new ques­tion ask­ing about exis­tence of shore­lines, wet­lands, flood­plains, and crit­i­cal areas on the property.

Seller Disclosure StatementWho must pro­vide Form 17?

The require­ment is get­ting tougher. Not hav­ing occu­pied the premises is likely no longer a valid excuse. One excep­tion remains: when the owner has passed away.

What if the Seller does not pro­vide Form 17?

The buyer can walk away from the pur­chase just before clos­ing and get the earnest money back.

What’s the role of the real estate agent?

The agent can not assist the seller in fill­ing out the form. The buyer acknowl­edges this by sign­ing below a state­ment that reads: “…the dis­clo­sures made herein are those of the seller only, and not of any real estate licensee or other third party.”

Must agents dis­close what they learn from Form 17?

Once the Form 17 has been pro­vided to the buyer the answers become known to the real estate licensees rep­re­sent­ing the seller and the buyer. Hav­ing learned of mate­r­ial facts through Form 17, the real estate licensees must dis­close them.

I am not using an agent to sell my home. Do I need to pro­vide Form 17?

Absolutely.

If you are inter­ested in the details of the new con­tent and ratio­nale behind the changes to the Wash­ing­ton State Seller Dis­clo­sure State­ment, visit the Wash­ing­ton State leg­is­la­ture web­site (pdf file).

Gerhard\'s Haus

Gerhard Ade
Ger­hard N Ade Real­tor®
Cold­well Banker Bain

Seattle Five Start Real Estate Agent

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