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Asked by Jessie Weis, Erie, CO Sun Sep 30, 2007

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Answers

3
Ron Ares, , Portland, OR
Sun Sep 30, 2007
This means that the seller has completed the Seller's Property Disclosure forms. Disclosure topics include title, water rights, sewer, insulation, structure, fixtures, home owner associations, and any material defects or issues a buyer should know about. Sellers are required to disclose anything they have personal knowledge of, and should not speculate otherwise.

You typically get a copy of the disclosures after you make an offer, however, some parties will provide them in advance (usually with no issues of concern). Offers in Oregon on standard earnest money agreements typically provide for a 5 business day review of disclosures...usually with a non-conditional right to withdraw based on the findings.

The only parties exempt from filling out the 4-page Property Disclosures are government agencies, court-appointed receivers, banks or financial institutions (foreclosures), or builders of new construction.
Web Reference:  http://www.repdx.com
2 votes
Gloria Matth…, Agent, Vancouver, WA
Sun Sep 30, 2007
The seller is required to prepare a property disclosure...listing defects past and present that he is aware of, regarding the property. Washington State just included an environmental hazard portion of the dislosure. That a listing has the words disclosure listed, means that they have tprepared the disclosure and it likely can be downloaded for review. There are very few exemptions for disclosure, but it does occur.
1 vote
Brett Dunne -…, Agent, Upland, CA
Sun Sep 30, 2007
Hi Jessie:

This is most likely pertaining to disclosures. The seller will be disclosing or revealing different items, issues or relevant data about the property to the potential buyer.
Web Reference:  http://www.DayBreakGroup.com
1 vote
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