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Property Condition Disclosure Statement (PCDS) - Mississippi Real ... - mrec ms 2025

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The Property Condition Disclosure Statement (PCDS) is a legal document required by Mississippi law that provides potential buyers with information about the condition of a residential property. It includes details on the property's title, occupancy, structural integrity, roof condition, history of pest infestations, and various systems such as plumbing and electrical. The seller must disclose known issues and cannot alter the form. This statement is not a warranty and does not replace home inspections.

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Is Mississippi a full disclosure state?

Mississippi Is A Non Disclosure State Mississippi does require the disclosure of any known issues that could potentially impact a propertys value or habitability. Due to the lack of sales price disclosure, tax assessors will utilize comparable sales, cost to replace estimates, and income if its a rental property.

Is a property disclosure statement required in Mississippi?

In Mississippi, disclosures are governed by Miss. Code 89-1-501 et seq. That statute says that the seller of any residential property must deliver to prospective buyers a written disclosure statement as soon as practicable before transfer of title.

What is the primary purpose of the sellers property disclosure statement exhibit?

What is the primary purpose of the Sellers Property Disclosure Statement Exhibit? To make buyers aware of any potential defect in the property that the seller knows about. The disclosure statement is required to disclose any known material defects by the seller to the buyer.

What is a property description disclosure statement?

A Sellers Disclosure is a legal document that requires sellers to provide previously undisclosed details about the propertys condition that prospective buyers may find unfavorable. This document is also known as a property disclosure, and its important for both those buying a house and for those selling a house.

Who determines whether the Mississippi property condition disclosure statement must be completed?

IF THE RESIDENCE IS NEW (NEVER OCCUPIED) OR PROPOSED RESIDENTIAL CONSTRUCTION and a real estate licensee is involved in the transaction, the BUILDER/OWNER/SELLER must complete the PCDS in its entirety and should reference specific plans/specifications, building material lists and/or change orders.

Is it bad if there is no seller disclosure?

In most of the United States, its illegal for a home seller to knowingly conceal major defects from buyers. In fact, most states lawssuch as those of California, New Jersey, and Floridarequire sellers to make formal (often written) property disclosures covering major home components, systems, and conditions.

What is the purpose of a property disclosure statement?

Property disclosure statements essentially outline any flaws that the home sellers (and their real estate agents) are aware of that could negatively affect the homes value. These statements are required by law in most areas of the country so buyers can know a propertys good and bad points before they close the deal.

Property Condition Disclosure Statement (PCDS) - Mississippi Real ... - mrec ms 2025

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Is Mississippi a full disclosure state?

Is a property disclosure statement required in Mississippi?

What is the primary purpose of the sellers property disclosure statement exhibit?

What is a property description disclosure statement?

Who determines whether the Mississippi property condition disclosure statement must be completed?

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Is it bad if there is no seller disclosure?

What is the purpose of a property disclosure statement?

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Property Condition Disclosure Statement (PCDS) - Mississippi Real ... - mrec ms 2025

Here's how it works

The best way to modify Property Condition Disclosure Statement (PCDS) - Mississippi Real ... - mrec ms in PDF format online

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Got questions?

Is Mississippi a full disclosure state?

Is a property disclosure statement required in Mississippi?

What is the primary purpose of the sellers property disclosure statement exhibit?

What is a property description disclosure statement?

Who determines whether the Mississippi property condition disclosure statement must be completed?

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Is it bad if there is no seller disclosure?

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