I have a buyer i am working with and the selling agent say they owner never lived in the property so he does not have to provide a sellers disclosure. I was under the impression that unless you are the bank or selling a never inhabited dwellin or home, you must always have a sellers disclosure.
thanks guys
Not sure what the law says in SC, but in Arizona it is asked for in the purchase contract but can be waived like any other condition. It is rare lately to see a disclosure statement on property here. I always make my seller fill it out, even if they have never inhabited the property. Everybody knows something about a property, no matter how litttle that may be. I also ensure my buyers are aware of what they are waiving by giving them a blank copy of the disclosure form. Good luck.
In our state failure to fill out a disclosure results in a $300 credit to the buyer. The disclosures can be filled out and again in our state the is an Unknown condition box for each of the points that gets overused but is legal.
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