Earlier, I told you about the big change to the appraisal contingency and how it will affect both buyers ad sellers.
Now, I want to tell you about the changes to the property condition disclosure.
This is a form that every seller completes when they list their home for sale. This disclosure lists all of the items that are included with the sale. Information on the components that are included. And personal knowledge of anything that could be a problem or obligation of the new homeowner.
The form is going to look remarkably the same as last year, except there will be some key info missing.
- The seller no longer has to disclose the age and power source of the HVAC and water heater.
- The seller no longer has to disclose any known