Property Disclosure Statement Form - Missouri

The Property Disclosure Statement Form in Missouri is used by sellers to disclose any known defects or issues with a residential property being sold. This form provides important information to potential buyers about the condition of the property.

In Missouri, the property disclosure statement form is typically filed by the seller of the property.

FAQ

Q: What is a Property Disclosure Statement?A: A Property Disclosure Statement is a legal form that sellers in Missouri must complete to disclose any known defects or issues with the property.

Q: Why is a Property Disclosure Statement important?A: A Property Disclosure Statement is important because it provides buyers with information about any potential problems with the property, allowing them to make an informed decision before purchasing.

Q: What should be included in a Property Disclosure Statement?A: A Property Disclosure Statement should include details about the property's condition, any past or current issues such as water damage or pests, and any renovations or repairs that have been done.

Q: Is a Property Disclosure Statement mandatory in Missouri?A: Yes, sellers in Missouri are required by law to provide a completed Property Disclosure Statement to potential buyers.

Q: Can a seller withhold information on a Property Disclosure Statement?A: No, sellers are legally obligated to disclose any known defects or issues with the property on the Property Disclosure Statement.

Q: What happens if a seller does not provide a Property Disclosure Statement?A: If a seller fails to provide a Property Disclosure Statement, the buyer may have legal recourse and the seller may be liable for any undisclosed defects or issues.

Q: Can a buyer rely solely on the Property Disclosure Statement?A: While the Property Disclosure Statement is an important source of information, buyers are also encouraged to conduct their own inspections and investigations to ensure they are fully informed about the property.