Seller disclosure statement

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In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections of warranties the purchaser may wish to obtain. It also does not serve as a warranty of any kind.[1] Deliberate misrepresentation in the statement can result in liability.[2] Seller disclosure statements are not compulsory in New Mexico.[3]

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References[edit]

  1. ^ http://www.trec.state.tx.us/pdf/contracts/op-h.pdf
  2. ^ David F. Hinkel. "Caveat Emptor and the Seller Disclosure Form" in Practical Real Estate Law. Seventh Edition. Cengage Learning. 2015. ISBN 9781285448633. Page 166.
  3. ^ New Mexico Real Estate Basics. Dearborn Real Estate Education. 2003. ISBN 9780793160570. Section 4.B.1 at page 42.

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