I recently had a seller call me and ask me about the Residential Property Condition Disclosure form that sellers are required by Tennessee law to provide to buyers. Her question concerned exactly when the seller is supposed to provide this form to the buyer. I told her how I handle this form when I represent the buyer or the seller but I advised her to contact a local real estate attorney for her particular situation. It seems that her lease-purchase buyers were giving her problems so she was proceeding to terminate the contract and evict them. Their lawyer was bringing up the lack of the Property Condition Disclosure form which was preventing the termination and eviction.
So FSBO sellers, I know you've probably done your homework on selling your house on your own but I strongly recommend that you contact a real estate professional to determine what forms you need to complete and when, by law. Many agents will do this out of the goodness of their hearts but some may charge you for their time. It's well worth it and you might pick up some selling tips.
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