PROPERTY CONDITION 2025

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  1. Click ‘Get Form’ to open the PROPERTY CONDITION Disclosure Statement in the editor.
  2. Begin by entering the property address and MLS® / PID # at the top of the form. This information is crucial for identifying the property.
  3. In the WATER SUPPLY section, select the appropriate source from options like Municipal, Drilled Well, or Dug Well. If applicable, provide details about any water quality issues and last test date.
  4. Proceed to SEWAGE DISPOSAL and indicate whether it’s Municipal or Septic. Note any problems with the system and mention if repairs have been made in the last five years.
  5. Fill out the ELECTRICAL SYSTEM section by stating the amperage and any known issues. Repeat this process for PLUMBING SYSTEM, HEATING SYSTEM, STRUCTURAL, MECHANICAL, ZONING AND PERMITS, ENVIRONMENTAL, and GENERAL sections as required.
  6. Finally, review all entries for accuracy before signing. Ensure that you provide supporting documentation where indicated.

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2016 4.8 Satisfied (80 Votes)
2013 4 Satisfied (30 Votes)
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If not, you could be putting yourself at risk of potential legal and financial issues. A condition report is a document that outlines the condition of a property before a tenant moves in or a buyer takes possession. It includes details about the propertys cleanliness, damage, and any repairs needed.
Unlike an unconditional offer, which is straightforward and immediate, a conditional offer allows certain conditions to be met before the sale is finalised. These conditions offer a level of protection to both buyers and sellers, ensuring that certain factors align before the transaction moves forward.
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.
So, a condition is an issue that needs to be resolved before a certain time. In real estate, there are common purchase contract conditions like the buyer obtaining adequate financing, or the buyer doing a home inspection before they buy but a condition could be anything.
Average to Good: Homes where all items are in satisfactory condition, some may be like new, but no obvious repairs or refinishing required. Good: Homes that may be mass produced in above-average residential developments or built for an individual owner.
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Condition refers to the state or physical condition of a property and can include wear and tear, damage, age, and overall maintenance. A propertys condition can affect its value if the property is damaged or in need of repair. It can also affect the propertys usability, functionality, and the buildings lifespan.

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