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Do you have to report a death in your home while selling real estate in Delaware? Delaware does not consider psychological impact of a property a requirement including suicide or homicide. However, if a buyer makes a request in writing for information the seller and agent must provide.
Delaware law requires that the seller of any interest in residential real property that includes a dwelling must provide the buyer with any information about any known radon. Sellers also must disclose any tests or inspections for radon in the seller's possession.
There are a number of exemptions under the Act, for example, transfers pursuant to court order, to or from a mortgagee, during the administration of an estate, to a co-owner, to a legatee under a will or an heir, to a spouse or lineal relatives, from a relocation company, or to or from a governmental body.
If foreclosure or bankruptcy brought on by debt triggers the transfer of the property, no disclosure is required. 3. Divorce. If a property is transferred from one spouse to another during a divorce, no disclosure is required.
All real property sales in Delaware require radon disclosure; there are no exemptions.
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Every brokerage firm or broker in Delaware is required to maintain records of all the firm's real estate transactions and escrow accounts for at least three years. Escrow account records must show that the broker deposited client funds into the escrow account within 72 hours of executing a contract tied to those funds.
Transfers made by court order, default, divorce, and by government entities are exempt from the disclosure requirement. Sellers with exempt property should fill out an exemption certificate provided by the Delaware real estate commission.
For Kent County the percentage considered elevated is 10% with ZIP code areas ranging from less than 1% to 13%. For Sussex County the percentage elevated is 2.4% with ZIP code areas ranging from less than 1% to 6%. In Delaware there are two general areas that exhibit the highest potential for elevated radon in homes.
What's NOT true about seller disclosure of radon hazards in Delaware? All real property sales in Delaware require radon disclosure; there are no exemptions. Disclosure is made whether there's a known hazard on the property or not. Disclosure requires two forms, one of which must be signed by both the buyer and seller.
Is Delaware a disclosure state? Yes; in Delaware, home sellers are required by law to disclose the condition of their home. If you're preparing to sell your home, you may be wondering what your legal obligations are when it comes to disclosure.

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