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Are seller disclosures required in Utah?

For a sale to close properly in Utah, the seller must, legally, disclose certain conditions about the home to the prospective buyer. No seller wants to face legal repercussions for inadequately disclosing property defects.

Which disclosure is the most commonly required in a residential real estate sale?

The State Transfer Disclosure is required for all home sales in California. The transfer disclosure statement (TDS) evaluates the condition of a property. Every residential seller must complete the TDS document. It will let the buyer know about major defects at the property.

How long is due diligence period in Utah?

As the Buyer, you will usually have a Due Diligence time period (about 2 weeks is common). If you cancel the contract during your Due Diligence time period you get your full earnest money back.

Do you have to disclose if someone died in a house in Utah?

In Utah, sellers do not have to disclose up front if a felony crime or death, violent or natural, took place at the home.

What happens if you lie when selling a house?

Misleading a buyer, whether intentional or not, could be a breach of the Misrepresentation Act. This means the seller can pursue you for compensation. The onus is on the seller to prove they did not mislead the buyer. If they can't the most likely outcome is that damages will be paid to the buyer.

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What does the seller of a house have to disclose?

Seller's disclosure requirements vary by state, but here are some of the common issues that standard disclosure forms address: Roof leaks or defects. Water leaks or previous flooding in the basement. Cracks or other defects in the foundation.

Is TA6 legally binding?

While the TA6 form asks extensive questions about the property, it is not a legally binding document in and of itself but through the contract.

Can a house sale be reversed after completion?

If the buyer discovers a defect after completion, the buyer may be able to claim damages in respect of a breach of contract or misrepresentation or they may be able to rescind the contract altogether.

How long is due diligence period in Utah?

As the Buyer, you will usually have a Due Diligence time period (about 2 weeks is common). If you cancel the contract during your Due Diligence time period you get your full earnest money back.

What does it mean that Utah is a non-disclosure state?

It means that employees of the county offices that would be privy to sales data are prohibited from disclosing that information to the general public. In addition, the state or county governments in non-disclosure states cannot force anyone to disclose the sales price.

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Got questions?

Are seller disclosures required in Utah?

Which disclosure is the most commonly required in a residential real estate sale?

How long is due diligence period in Utah?

Do you have to disclose if someone died in a house in Utah?

What happens if you lie when selling a house?

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What does the seller of a house have to disclose?

Is TA6 legally binding?

Can a house sale be reversed after completion?

How long is due diligence period in Utah?

What does it mean that Utah is a non-disclosure state?

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