SELLER S PROPERTY CONDITION DISCLOSURE STATEMENT 2025

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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.
What is a sellers disclosure? A sellers disclosure is a form that outlines a property owners knowledge of any defects that may impact the property value, or impact a new owners safety and well-being once they move in.
(2) Each seller of residential real property located in Nebraska shall provide the purchaser with a written disclosure statement of the real propertys condition. The disclosure statement shall be executed by the seller.
A disclosure statement is usually also part of a loan, stating details of the transaction such as the interest rate, fees, the amount borrowed, loan insurance, any prepayment rights, and the borrowers responsibilities.
This is a statement of certain conditions and information concerning the property known to the seller. This Disclosure Statement is not a warranty of any kind by the seller or by any agent representing the seller in this transaction.
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The disclosure statement informs all parties of relevant details, risks, terms, conditions, or conflicts of interest that may affect their decision-making or involvement. The effectiveness of a disclosure statement depends on its clarity, completeness, and the accessibility of the information it contains.
Lesson Summary. The sellers property condition disclosure statement must name any known material facts that would affect a buyers decision to buy a property. These issues commonly include structural and physical problems with the building.
Sellers are required to disclose property information to the realtor and potential buyers based on state and local laws. A disclosure document details a propertys condition and what might negatively affect its value. Sellers who willfully conceal information can be sued and potentially convicted of a crime.

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