Seller disclosure agreement 2025

1. Click ‘Get Form’ to open the seller disclosure agreement in the editor.
2. Begin by entering the property location in the designated field. This is crucial for identifying the specific property involved in the transaction.
3. Next, fill in the purchase price of the property. This amount should reflect what you and the purchaser have agreed upon.
4. Input the interest rate charged under the contract. If this rate is variable, provide an estimate of potential changes.
5. Detail the total dollar amount of interest expected over the term of the contract. This helps clarify financial obligations for both parties.
6. Specify the total amount of principal and interest that will be paid under this contract, ensuring transparency in financial commitments.
7. Indicate any late charges that may apply if payments are not made on time, providing clarity on potential penalties.
8. Finally, confirm that no prepayment penalty will be charged if the purchaser pays off their obligation early. This can encourage timely payments.
9. Sign and date where indicated for both seller and purchaser to finalize this important document.

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