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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.
Other than the lead paint and septic system disclosures, sellers in Massachusetts generally dont have to reveal anything else concerning the condition of their property. That is, unless the buyer asks. If a prospective buyer has specific questions about the property, a seller must truthfully disclose the information.
The Transfer Disclosure Statement is the document provided by the seller that describes the condition of the property, and it is mandatory. The TDS protects both the buyer and seller and ensures a fair transaction based on the actual condition of the property.
Important and relevant issues which need disclosing are: Flooding issues, whether current or historic. Any known structural issues concerning the property. Proposals for nearby development and construction (if applicable)
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.
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Most Common Disclosures in Real Estate Natural Hazards Disclosure. First on the list is the natural hazards disclosure. Market Conditions Advisory (MCA) Market Conditions Advisory, also known as MCA, covers items more financial in nature. State Transfer Disclosure. Local Transfer Disclosure. Megans Law Disclosures.
By contrast, Massachusetts does not require sellers to provide a disclosure form or statement to potential buyers. If you work with a real estate broker or agent, he or she may ask you to complete a statement that will include a provision that indemnifies the broker or agent for any misstatements or errors on the form.
Do you have to disclose mice when selling a house in Massachusetts? Chapter 93A of Massachusetts Consumer Protection Act requires such professionals to voluntarily disclose any fact that may influence the buyer not to purchase the agreement.
Indiana law (IC 32-21-5) generally requires sellers of 1-4 unit residential property to complete this form regarding the known physical condition of the property. An owner must complete and sign the disclosure form and submit the form to a prospective buyer before an offer is accepted for the sale of the real estate.
In Florida a seller of residential property is obligated to disclose to a buyer all facts known to a seller that materially and adversely affect the value of the Property being sold which are not readily observable by a buyer.

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