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Is a sellers disclosure required in NJ?

Seller Disclosure in New Jersey The disclosure statement aims to report any defects or problems with the residence to potential buyers. It is not required but does help a seller fulfill their legal duty and assure a buyer about their purchase.

Does PA require that sellers of certain properties make certain disclosures about which properties does this property disclosure apply?

The Pennsylvania Seller Disclosure Law applies only to residential property. It requires a home seller to notify a buyer of the material defects in the form of a dated and signed sellers property disclosure.

What issue is specifically required to be disclosed on a seller property disclosure form in PA?

A seller must disclose to a buyer all known material defects about property being sold that are not readily observable. This disclosure statement is designed to assist the seller in complying with disclosure requirements and to assist the buyer in evaluating the property being considered.

Does PA require seller disclosure?

Pennsylvania courts have routinely held that sellers must disclose known material defects to avoid deceit, fraud or misrepresentation, even when the seller disclosure law provides an exception. For example, lets say that the executor of an estate is aware that the home regularly gets water in the basement.

What are most seller property disclosures required for?

The answer is only residential properties. Most seller property disclosures are required for only residential properties.

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Does New York require a sellers disclosure?

ing to N.Y. Real Prop. Law 460-467, home sellers in the state are legally required to disclose any property defects of which they are aware. The disclosure statement must be provided to the buyer at least 10 days before the contract is signed.

What do sellers have to disclose in PA?

Property address: Seller: A seller must disclose to a buyer all known material defects about property being sold that are not readily observable.

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