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In the state of Washington, you, as a residential home seller, are required by law to disclose certain details about a residential property you are trying to sell. These disclosures are important because buyers want to know as much as possible about a property before they make such an important purchase.
Simply stated, the Transfer Disclosure Statement gives the Seller an opportunity to disclose information about the property that would be important for the potential Buyer to know. You, as the Seller of the property, are required to provide this document within 7 days of an accepted contract between you and the Buyer.
Almost all real estate sales in Washington State require a seller disclosure statement to be given to the buyer. Home sales, including condominium units, are included in the types of sales requiring a seller disclosure statement. The statute (RCW 64.06.
Washington State requires sellers of residential real property to thoroughly disclose material facts on a form called the Residential Real Property Disclosure Statement (often referred to as Form 17).
When you make an offer on a home, one of the first pieces of paperwork you'll get is a seller's property disclosure. Also known as a \u201cproperty disclosure statement,\u201d \u201chome disclosure\u201d and \u201creal estate disclosure form,\u201d this document contains a list of known problems with the home.
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Washington law says that when you sell your home, you must fill out a Seller Disclosure Statement (also known as Form 17). You must tell the buyer any problems with the property that you know about.
The (TDS) describes the condition of a property and, in the case of a sale, must be given to a prospective buyer as soon as practicable and before transfer of title.
As a result, Washington has become the second state to declare certain nondisclosure and nondisparagement provisions in employment and independent contractor agreements illegal. California passed its own version of the Silenced No More Act last year.
Seller's Disclosure Notice | TREC.
\u2714\ufe0fFive Things to disclose When Selling Your House in California The Form. Every person who sells real estate in California must complete and provide the buyer with a required form. ... Property Taxes. ... Toxic Substances (Asbestos Disclosure) ... Death at the Property. ... The Water Heater Strap.

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