Residential Real Estate Sales Disclosure Statement - South Dakota 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the seller's name and property address at the top of the form. Ensure accuracy as this information is crucial for identification.
  3. Proceed to Section I, where you will provide lot or title information. Answer questions regarding purchase history, title problems, liens, and easements. Use 'Yes', 'No', or 'Unknown' options as applicable.
  4. In Section II, focus on structural information. Indicate any known issues such as water penetration or roof leaks. If repairs have been made, detail them in the provided spaces.
  5. Move to Section III to assess systems and utilities. Mark whether each system is working or not working, ensuring all relevant items are addressed.
  6. Review hazardous conditions in Section IV. Disclose any known hazards and tests performed related to the property.
  7. Complete Section V with miscellaneous information about road maintenance agreements and any recent events on the property that may be relevant.
  8. Finally, sign and date the closing section to certify that all provided information is accurate. Encourage buyers to seek professional advice if needed.

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South Dakota requires sellers to disclose deaths within the last 12 months.
Currently, there are a number of non-disclosure states. They include Alaska, Idaho, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, South Dakota, Texas, Utah, and Wyoming. Before investing, real estate professionals should familiarize themselves with this list of non-disclosure states.
Who is Required to Provide a TDS? Generally, sellers (or transferors) of real property consisting of four or fewer dwelling units. A Mobilehome TDS (MHTDS) is required on the sale of personal property mobile homes and manufactured homes.
A property disclosure statement is an essential document that should be included in any real estate transaction. It can provide an accurate picture of the property and its condition and any potential liabilities that may come along with it. It can also help protect the buyer and seller from legal action.
South Dakota is one of 40 equitable distribution states. In these states, courts divide marital property fairly rather than equally in a divorce case. All property acquired during the marriage is marital property, no matter whose name is on the title.

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(2) Each seller of residential real property located in Nebraska shall provide the purchaser with a written disclosure statement of the real propertys condition. The disclosure statement shall be executed by the seller.
For ease of understanding, the map uses a color-coding system: Green represents full disclosure states, where the sale prices of properties are openly reported and accessible to everyone. Red denotes non-disclosure states, where no reliable public sources are available to obtain sale prices for all properties.

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