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Although most of the closing costs are negotiable between buyer and seller, theyre typically split right down the middle in Colorado, and that includes escrow fees.
Colorado Sellers Property Disclosure FormDisclosure Requirements. When you sell a home in Colorado, you need to make disclosures under the terms of the Sellers Property Disclosure statement.
DUE DILIGENCE DOCUMENTS At a minimum, this could include copies of any agreement related to the property that the seller has with any third parties (tenants, contractors, vendors, solar providers, etc.) that may impact the buyers use/ownership of the property.
When you are purchasing any property in Colorado, the state contract allows for several extensive time periods allowing you to do your due diligence.
The seller could be in bdocHub of contract if they use the buy-sell contract provided by the Colorado Division of Real Estate and fail to disclose known defects. The contract states that seller must disclose any adverse material facts actually known by seller.
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Colorado courts have concluded that sellers are in a superior position to know the condition of a house and therefore have a duty to disclose defects in the house, which is typically accomplished through a sellers property disclosure form.
Colorado courts have concluded that sellers are in a superior position to know the condition of a house and therefore have a duty to disclose defects in the house, which is typically accomplished through a sellers property disclosure form.
Colorado doesnt have any statutes or regulations that require landlords to disclose high concentrations of mold in rental properties to prospective tenants or buyers. Also, while federal law requires disclosures about lead paint, it doesnt impose a similar duty on landlords when it comes to mold.
Both the seller and listing broker have obligations concerning the use of this form, and the buyer and buyers broker need to have an understanding of what this form represents by way of disclosures. The SPD form is referenced in the Contract to Buy and Sell (CBS) in section 10.1: 10.1.
The current list of non-disclosure states includes Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah, and Wyoming.

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