Seller’s Property Disclosure Statement Archives

Best of the Legal Hotline: Frequently Asked Questions on Four Standard Forms

June 22, 2021 | Kelly Leighton | Legal Issues | Standard Forms

PAR’s Legal Hotline attorneys held a webinar yesterday discussing frequently asked questions on standard forms, specifically, Seller’s Property Disclosure, Appraisal Contingency Addendum, Price Escalation Addendum and COVID-19 Property Access Notice.

New and Improved Seller’s Property Disclosure Statement

June 18, 2021 | Brougher, Desiree | Legal Issues | Standard Forms

Although it may seem at first glance that there are many changes to the form, most of the new language you’ll see is a clarification of current questions and not the addition of new ones.

New and Revised Forms to be Released on July 1

June 16, 2021 | Kacy Clouser, Esq. | Legal Issues | Standard Forms

New and revised forms include the Seller’s Property Disclosure, the Appraisal Contingency Addendum, the COVID-19 Property Access Notice and the Commercial Property Management Agreement:.

When a Sale Is Terminated, What Happens to That Inspection?

November 6, 2020 | Brian Carter, Esq. | Legal Issues | Standard Forms

The Pennsylvania Seller Disclosure Law requires sellers to disclose known material defects of a residential property to potential buyers, but it does not matter how a seller learns of that material defect. This includes material defects identified through a buyer’s inspection when the transaction does not ultimately close. In this situation, the seller’s property disclosure must be updated.

Using an Online Platform for Sellers Disclosures

April 28, 2020 | Barth, Mike | Standard Forms | Member Services

With both Glide and Sellers Shield, you have access to an online platform which walks your clients, step by step through the Seller’s Property Disclosure form.

Do I Really Need to Disclose That?

November 29, 2019 | Kacy Clouser, Esq. | Legal Issues | Standard Forms

Remember that more disclosure is usually better than less disclosure, and that disclosing items during a transaction is likely to be less risky (and far less expensive) than explaining the lack of disclosure in a deposition after the transaction.

Seller Disclosure overhaul

March 18, 2019 | Brougher, Desiree | Standard Forms

Recently, several member volunteers met at PAR headquarters to review common questions and figure out if PAR’s seller’s property disclosure statement needs a remake. A task force led by Pat Moyer of the Suburban West Realtors® Association has begun working its way through the form, while trying to strike a balance between information a seller should disclose and a buyer’s obligation to perform due diligence.