A Seller Disclosure Form
Soon after making an offer on a home, buyers will receive a document called a seller disclosure form. Read it carefully! This is not a piece of paperwork you want to slide by with a mere cursory glance.
A Seller Disclosure Form
A seller disclosure form is basically a list of everything the seller knows about the condition of his property.
“This allows potential buyers to understand what they are getting,” says Nicole Durosko of New York’s Warburg Realty. All physical defects and issues affecting a property’s value should be disclosed on the form.
Iowa and Radon
As a home seller, you are not required to test your home for radon before you sell it. … If you tested for radon and know your home is above the recommended safe level, you must disclose the results.
Do All Sellers Have to Fill Out a Seller Disclosure Form?
Effective July 1, 1994, Iowa law requires SELLERS of residential real estate property to deliver to the BUYER a written disclosure statement to reveal the condition of various important aspects of the property characteristics and structure(s). This disclosure is required regardless of whether or not the transaction is done with the assistance of a real estate LICENSEE, IF (1) the property consists of at least one but not more than four dwelling units and UNLESS (2) the type of property transfer is not specifically exempted from the requirement by the law. NOTE: Exemptions are listed with this information.
While there is no required form, you can go to this website for a seller disclosure form
Is There Anything You Don’t Have to Disclose?
There is no requirement to reveal a death or sucide or murder, however, if in doubt, it is better to reveal it as a material fact that could have an impact on the value of the property.
Here’s an Alternative, If you are worried
Instead of worrying about problems with your house, you can sell your home to Harmony Property Solutions, LLC , who will purchase the home as-is – even if the issue is something catastrophic like fire damage or flooded home – close quickly, and do any needed repairs themselves.
We will send you FREE information about How to Sell Your House Fast.
Harmony Property Solutions, LLC is here to help homeowners out of any distressed situation. As investors, we are in business to make a modest profit on any deal. However, we can help homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. Just the simple, truth about your home and how we pay cash for houses Cedar Rapids.
Harmony Property Solutions, LLC is part of a nationwide group of thousands of investors who are helping tens of thousands of homeowners every year. We may not be the “traditional” route, but we CAN help, and we can do it quickly!
Give us a call today at 319-343-6773 to let us know how we can help YOU.
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