The Seller Disclosure is usually ready to be downloaded by any broker from the MLS where it is part of the property listing. This gives the buyer's agent the chance for review prior to making an offer. If the buyer goes ahead and makes an offer, page 5 of the Seller Disclosure Statement can be included with the buyer(s) acknowledging on line 263 that they've received the offer. Also, while the broker/agent is not allowed to answer any questions posed on the Statement, both seller and buyer brokers are liable for inaccurate information if they know the information to be inaccurate. Read the rest of this entry »

Pages 2 through 4 of the Seller Disclosure deal with every kind of aspect of an improved property, i.e. the home and the land. The first category is Water, beginning on line 60 (page 1). Looking at these questions and others I wish there was a fourth column of check marks labeled "NOT APPLICABLE". Question 4 "...has the [water] source provided an adequate year-round supply of potable water?" often prompts the question "what's potable water?" Read the rest of this entry »