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Delaware seller disclosure

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The document is a Seller's Disclosure of Real Property Condition Report specifically for new construction in Delaware. It outlines the legal requirement for sellers to disclose known material defects of the property before sale, detailing various aspects such as occupancy, deed restrictions, title information, environmental hazards, and plumbing-related items. The report must be provided to prospective buyers prior to making an offer and includes sections for both seller and buyer acknowledgment. It emphasizes that the disclosure is not a warranty and encourages buyers to conduct their own inspections.

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Versions	Form popularity	Fillable & printable
2017	4.8 Satisfied (125 Votes)
2013	4.3 Satisfied (167 Votes)

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What are the exemptions for sellers disclosure in Delaware?

A sellers disclosure should be obtained by a licensee before agreeing. Transfers made by court order, default, divorce, and by government entities are exempt from the disclosure requirement.

What happens when someone lies on a sellers disclosure?

If a seller intentionally provides false information in a disclosure filing, they could face legal repercussions, including lawsuits or financial penalties, depending on the situation. Buyers who find out that a seller lied on the disclosure form may be entitled to cancel the sale or pursue compensation.

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.

How do I access seller disclosure?

You can get the form from a buyers or sellers agent or real estate attorney. While the disclosure form will vary in format, it may contain the following: List of specific issues the homeowner must check off if the home has them.

What are most seller property disclosures required for?

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.

What is the sellers disclosure law in Delaware?

Chapter 25, Title 6 of the Delaware Code, requires a Seller of residential property to disclose in writing all material defects of the property that are known at the time the property is offered for sale or that are known prior to the time of final settlement.

What are the disclosure laws in Delaware?

The Buyer Property Protection Act, codified as Chapter 25, Title 6 of the Delaware Code, requires the seller of residential real estate to complete a formknown as the Sellers Disclosure of Real Property Condition Reportsetting forth any known conditions and significant defects with the property.

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Get the up-to-date delaware seller disclosure 2025 now

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What are the exemptions for sellers disclosure in Delaware?

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Is it bad if there is no seller disclosure?

How do I access seller disclosure?

What are most seller property disclosures required for?

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