Do I Have To Fill Out A Seller Disclosure Notice For My Addison, Texas Home?
If you're planning on selling an Addison, Texas home, or a home anywhere in the State of Texas for that 
matter, the answer is probably "Yes."
Here are the exceptions to the requirement. No Seller Disclosure Notice is required if the transfer is:
- pursuant to a court order
- by a trustee in a bankruptcy
- to a mortgagee by a mortgagor or successor in interest
- by a mortagee or beneficiary under a deed of trust who has acquired the real property
- by sale conducted to a power of sale under a deed of trust or a sale pursuant to a court ordered foreclosure or someone has acquired the real property by deed in lieu of foreclosure
- by a fiduciary in the course of administration of a decedent's estate, guardianship, conservatorship or trust
- from one co-owner to one or more co-owners
- made to a spouse or a person or persons in the initial line of consanguinity (blood relation) of one or more of the transferors
- between spouses resulting from a divorce decree or a decree of legal separation, or from a property settlement agreement to such decrees
- to or from a governmental entity
- a new residence of not more than one dwelling unit and has not been previously occupied or,
- of real property where the value of any dwelling doesn't exceed 5% of the value of the property
Even if you've never lived in the home, or haven't lived in the home for some time, a Seller Disclosure Notice is required unless you meet any of the criteria above. And if there is anything known to the real estate agent that you, the seller, don't disclose, your agent must disclose it.
If you've got questions about selling your home, contact me. I'm here to help!
Comments(1)