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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.
Do you have to disclose a death in a house in Kentucky?
Do you have to report a death in your home while selling real estate in Kentucky? Kentucky does not require disclosure of death on a property. If a buyer ask, however, the seller and agent must be truthful.
Which of these transactions is exempt from the disclosure requirements of the Tennessee residential property Disclosure Act?
Common exceptions include sales or transfers between co-owners, new construction, purchases from lenders after foreclosure, auction sales, or if the Seller has not lived in the home within the 3 years before the Closing.
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 earnest money required in KY?
While earnest money is not a requirement it is highly recommended since it can show the level of interest a buyer has. It is in essence a down payment put towards the purchase of a home. Earnest money can be refundable depending on the terms of the real estate purchase contract.
Related Searches
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People also ask
Is TN a non disclosure state?
Tennessee is what is known as a full disclosure state, meaning that the seller of residential property must disclose all known material defects to the buyer before or at the time an offer is made.
Does seller have to disclose previous inspection in Kentucky?
What Does "Knowledge" on the Part of a Kentucky Seller Mean? The disclosure form is clear that you are under no obligation to verify any of your disclosures with a formal inspection or engineering report.
Is Kentucky a non disclosure state?
But, there are 12 states that are still considered \u201cnon-disclosure:\u201d Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah and Wyoming. In a non-disclosure state, transaction sale prices are not available to the public.
Is a sellers disclosure required in Kentucky?
Kentucky law requires sellers of residential property to complete a property condition disclosure form. The Kentucky statute states that the disclosure form does not create a warranty by the seller.
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.
Related links
Kentucky Real Estate Commission
As a Seller, you are asked to disclose what you know about the property you ... This disclosure form shall not be a warranty by the Seller or real estate ...
DD 4/24/06 Is Pre Taking Hearing Required When ... - DIRT
Apr 24, 2006 — Less than three years after purchasing the house, Buyer filed suit against Sellers, charging that Sellers falsely completed the disclosure form ...
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