What is a seller’s disclosure statement?

A seller’s disclosure statement is a document provided by a seller in a residential real estate transaction in the state of Washington. It is a form that describes certain aspects of the property and the seller’s knowledge of them. The information contained in it is meant to provide the buyer with a better understanding of the condition of the property and any repairs that may need to be made. The statement must include disclosure of any known defects and damage to the property. This includes information on any water damage, roof problems, heating and cooling systems, and any other major defects. The form also covers information regarding the property’s title and history, such as information on any liens, encumbrances, or prior sales. The seller’s disclosure statement must be signed by the seller, who is attesting to the truthfulness of all information provided. The closing agent must also have a copy of the statement before finalizing the sale. This statement is an important part of the buying process and can provide buyers with useful information to make informed decisions about their purchase.

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What is a seller’s disclosure statement?

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