Seller's Property Disclosure Form - North Dakota

Seller's Property Disclosure Form is a legal document that was released by the North Dakota Real Estate Commission - a government authority operating within North Dakota.

FAQ

Q: What is a Seller's Property Disclosure Form?A: A Seller's Property Disclosure Form is a document that outlines the condition and history of a property being sold.

Q: Why is a Seller's Property Disclosure Form important?A: A Seller's Property Disclosure Form is important because it provides important information about the property's condition, repairs, and any known issues.

Q: Who is responsible for filling out the Seller's Property Disclosure Form?A: The seller of the property is responsible for filling out the Seller's Property Disclosure Form.

Q: What information is typically included in a Seller's Property Disclosure Form?A: Information typically included in a Seller's Property Disclosure Form may include the age of the property, known defects, past repairs, and any environmental hazards.

Q: Is a Seller's Property Disclosure Form required in North Dakota?A: Yes, a Seller's Property Disclosure Form is required in North Dakota.

Q: What happens if a seller fails to disclose information on the Seller's Property Disclosure Form?A: If a seller fails to disclose information on the Seller's Property Disclosure Form, they may be held liable for any undisclosed issues or defects.

Q: Can a buyer request additional inspections or information after reviewing the Seller's Property Disclosure Form?A: Yes, a buyer can request additional inspections or information after reviewing the Seller's Property Disclosure Form.

Q: Should a buyer rely solely on the Seller's Property Disclosure Form?A: No, a buyer should also conduct their own inspections and due diligence before making a decision to purchase a property.

Q: Can a buyer back out of a purchase agreement based on information disclosed in the Seller's Property Disclosure Form?A: Yes, a buyer may be able to back out of a purchase agreement based on information disclosed in the Seller's Property Disclosure Form.