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Home Sellers and Buyers: Heed Closely the Seller's Disclosure
 
Protect Yourselves Home Sellers and Fill out the Seller's Disclosure with great care and precision. I recently wrote a blog titled "7 Tips to Insure Buyers are Prepared to Write a Strong Purchase Offer." The first tip was to make sure the you understand the information on the seller's disclosure. In this blog my goal is to further explain the seller's disclosure for the State of Kentucky.
What is a Seller's Disclosure Form? It is a form that the seller can fill out that informs the buyer and agents about the history of the home. In the state of Kentucky the seller can choose not to fill out the form but in doing so, will cast some serious doubts about the condition of the home.
If the seller has no idea about the condition of the home then they can check the "unknown" boxes. This is most common when an estate home is being sold by survivors who have not lived in the home or by a bank owned home. It is also quite common to see all the "unknown" boxes checked when the seller has been renting the property. When the seller has no idea about the condition of ... more

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