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1. • • A seller’s disclosure is drafted on behalf of the seller and spells out everything the owner knows about the home — especially any outstanding issues with the property. The seller’s disclosure helps the buyer to make an educated purchase and to back out of the transaction should any undisclosed issues arise.
     www.chase.com/personal/mortgage/education/buying-a-home/sellers-disclosure

     Seller's Disclosure, Explained | Chase

2. People also ask

   What is a seller's disclosure?

   • A Seller’s Disclosure is a legal document that requires sellers to provide previously undisclosed details about the property’s condition that prospective buyers may find unfavorable. This document is also known as a property disclosure, and it’s important for both those buying a house and for those selling a house.

   Understanding Seller’s Disclosures - Rocket Mortgage

   www.rocketmortgage.com/learn/sellers-disclosure

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   What happens if a seller's disclosure reveals a problem?

   • If the seller’s disclosure reveals a major issue with the home, buyers can back out of the deal without losing earnest money. Any problems documented in the seller’s disclosure can also give the buyer some negotiating power, such as the price of the home or requesting the seller make any necessary repairs.

   What is a Seller’s Disclosure | Redfin

   www.redfin.com/blog/what-is-a-sellers-disclosure/

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   Do you need a seller disclosure form for a home sale?

   • Home sellers are often nervous about how their home’s flaws will affect the sale, but here’s the thing: no home is perfect. In fact, homes on the market typically come with seller disclosure forms explaining all of their issues. A seller disclosure ensures the buyer knows what they’re getting in a home, and they protect sellers, too.

   Seller disclosures: What you need to know when selling your home - Tr…

   www.trulia.com/guides/seller-disclosure-what-it-is-and-how-it-works/

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   Can a buyer not receive a seller's disclosure?

   • There are several circumstances in which a buyer may not receive a seller’s disclosure – this is known as a “no seller’s disclosure sale.” This means the seller is selling the property without disclosing any defects or issues that the buyer might need to know to make an informed decision.

   What is a Seller’s Disclosure | Redfin

   www.redfin.com/blog/what-is-a-sellers-disclosure/

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3. www.rocketmortgage.com › learn › sellers-disclosureUnderstanding Seller’s Disclosures - Rocket Mortgage

   www.rocketmortgage.com › learn › sellers-disclosure

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   Mar 6, 2024 · What Is A Seller’s Disclosure? A Seller’s Disclosure is a legal document that requires sellers to provide previously undisclosed details about the property’s condition that prospective buyers may find unfavorable.

4. www.redfin.com › blog › what-is-a-sellers-disclosureWhat is a Seller’s Disclosure - Redfin

   www.redfin.com › blog › what-is-a-sellers-disclosure

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   Mar 14, 2022 · A seller’s disclosure is a legal document protecting both the seller and the buyer. It protects the buyer by informing them of any issues or defects the home and surrounding property may have. It also safeguards the seller from being sued by the buyer after the transaction if the seller’s disclosure was completed correctly.

5. Videos

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     Understanding the Seller's Property Disclosure

     24 Jun 2021

     155 views

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     Sales Document Execution Tutorial | Seller's Real Estate Disclosure (SRED)

     8 Oct 2015

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     Sellers Disclosure Explanation - Texas Real Estate

     9 Apr 2019

     3K views

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6. www.realtor.com › advice › sellSeller Disclosure: The Basic Rules of What You Need to Disclose

   www.realtor.com › advice › sell

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   Dec 5, 2023 · Seller disclosure is a tricky maze to navigate. We're here to tell you how much you need to disclose, and how detailed you need to be.

7. www.nerdwallet.com › mortgages › sellers-disclosureSeller’s Disclosure: What Home Sellers Must Reveal

   www.nerdwallet.com › mortgages › sellers-disclosure

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   Jul 11, 2022 · In the disclosure, a seller provides written information about known issues that could hurt the property's value, such as termite damage, improper drainage or a leaky...

8. www.trulia.com › guides › seller-disclosure-what-itSeller disclosure: what it is and how it works - Trulia

   www.trulia.com › guides › seller-disclosure-what-it

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   A seller disclosure, or home disclosure, is a form sellers fill out before putting their home on the market. It includes any known issues with the home, as well as any upgrades or repair work. This helps buyers evaluate the home fairly, and saves everyone from surprises during the home inspection.

9. www.bankrate.com › real-estate › sellers-disclosureSeller’s Disclosures: Definition And Explanation - Bankrate

   www.bankrate.com › real-estate › sellers-disclosure

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   Feb 23, 2023 · A seller’s disclosure is a form that outlines a property owner’s knowledge of any defects that may impact the property value, or impact a new owner’s safety and well-being once...

10. www.zillow.com › learn › what-does-disclosure-meanImportant Seller Disclosure Obligations to Follow in Real ...

    www.zillow.com › learn › what-does-disclosure-mean

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    Nov 26, 2019 · What does seller disclosure mean? In real estate, disclosures refer to the seller's legal obligation to reveal known defects about the home or property they're selling. A property disclosure statement is the actual documentation of a seller's disclosure.