Location: Texas
Submitted 10/01/12 01:36 PM

Q. If a house is for sale through a trust account in Texas what type of information are they required to disclose?

 

Answer #1
Submitted 10/01/12 03:48 PM
Anthony Gulley (Keller Williams Realty): Agent in Joshua, TX Anthony Gulley (Keller Williams Realty)
Agent
Joshua, TX

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A.

If the property is being lived in or if the seller knows alot about the property, then a sellers disclosure notice will need to be filled out. This describes everything the seller knows about the property from a condition stand point, any repairs or claims that were made, as well as common informational things about the property like if its all electric, has Central air and heat, wired for sattelite etc.

Answer #2
Submitted 10/11/12 06:39 AM
Kristen Ueckert, 817-422-3322 Keller, Texas! (Ueckert Realty LLC): Broker Owner in Keller, TX Kristen Ueckert, 817-422-3322 Keller, Texas! (Ueckert Realty LLC)
Broker Owner
Keller, TX

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A.

SDNs are required per TX property code. Loreena has a good post on the code and who is exempt from disclosure you might appreciate:  http://www.frisco-tx-homes.com/default.asp_Q_f_E_cpg_A_pg_E_HomeSellingSellersDisclosureNoticeinTexas

Answer #3
Submitted 10/14/12 09:40 AM
Greg Nino Houston Texas (RE/MAX West Houston Professionals): Agent in Houston, TX Greg Nino Houston Texas (RE/MAX West Houston Professionals)
Agent
Houston, TX

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A.

What they know. A home in Trust can be exempt from disclosures however. If your agent knows, he must disclose. Treat people honestly and you'll sleep just fine.
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