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The Texas real estate commission and federal law require sellers of residential real property, including Texas fire damaged homes for sale, to fill out seller's disclosure forms. These forms play a crucial role in ensuring that prospective buyers are informed about material defects and material facts related to the property they are interested in purchasing. It is essential for sellers to comply with these requirements and provide accurate and transparent information to potential buyers.
But what needs to go on the seller's disclosure or seller's disclosure notice? Is the Texas disclosure statement different from the federal disclosure form?
Throughout the course of this article, we will discuss when a seller needs to disclose information and how your real estate agent can help.
As part of the selling process, sellers are required by federal law to disclose material facts and defects about their home to a home buyer. These disclosure forms will include information on the following:
This information and much more must be filled out to the best of a seller's knowledge to proceed to a legal sales contract on a residential property.
In addition to federal requirements, the seller also needs to meet the requirements of the lone star state.
A seller's agent, either a broker or sales agent, will help you as a seller to fill out your disclosure forms.
A real estate transaction in Texas must have property disclosures or written notice by the seller containing their knowledge of the property, including the property's condition.
Additionally, the Texas property code requires that a seller's disclosure notice be filled out. So, what must go on seller's disclosures in Texas?
A listing agent will provide you with the seller disclosures to fill out to the best of the seller's belief.
Both the seller and the potential buyer benefit from having a disclosure form.
A licensed broker or real estate attorney will tell you that it is a protection for you as a seller to disclose as much information as possible as Texas sellers to avoid future liability.
If you are a home seller in Texas and are looking for more information on what you need to disclose, please follow along with our blog.
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