A seller's property disclosure is a document that outlines information about a property being sold. While the specific contents of a seller's property disclosure can vary depending on the jurisdiction, typical information included in such a disclosure may cover the following areas:
1. Property Condition: This section describes the overall condition of the property and any known issues or defects. It may include details about the roof, foundation, plumbing, electrical systems, HVAC (heating, ventilation, and air conditioning), appliances, and other structural components.
2. Repairs and Renovations: The disclosure may mention any repairs, renovations, or additions made to the property during the seller's ownership. This could include upgrades to the kitchen, bathrooms, flooring, or other areas.
3. Environmental Issues: If the seller is aware of any environmental concerns or hazards on the property, such as lead-based paint, asbestos, mold, or underground storage tanks, they may disclose them in this section.
4. Pest or Infestation History: Sellers may disclose any past or current issues with pests or infestations, such as termites, rodents, or other pests.
5. Water and Drainage: This section may cover details about the water supply (municipal or well), any water-related problems, such as flooding or drainage issues, or the presence of water damage.
6. Legal and Insurance Information: Sellers may disclose any ongoing legal disputes, property boundary disputes, insurance claims, or insurance coverage details that pertain to the property.
7. Homeowners Association (HOA) or Condominium Association: If the property is part of an HOA or condominium association, the seller may provide information about the association, including any fees, rules, or pending assessments.
8. Neighborhood and Area: The disclosure may include details about the surrounding neighborhood, nearby amenities, schools, noise issues, or any other relevant information that could impact the buyer's decision.
It's important to note that the specifics of a seller's property disclosure can vary by jurisdiction, and some areas may have additional required disclosures based on local regulations. Buyers are encouraged to carefully review the disclosure document and consider obtaining professional inspections or reports to supplement the information provided by the seller.