Seller disclosure statement

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In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain. It also does not serve as a warranty of any kind. [1] Deliberate misrepresentation in the statement can result in liability. [2] Seller disclosure statements are not compulsory in New Mexico. [3]

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References

  1. ↑ "Seller's disclosure of property condition" (PDF). Archived (PDF) from the original on 2001-06-15. Retrieved 2015-10-03.
  2. ↑ David F. Hinkel. "Caveat Emptor and the Seller Disclosure Form" in Practical Real Estate Law. Seventh Edition. Cengage Learning. 2015. ISBN   9781285448633. Page 166.
  3. ↑ New Mexico Real Estate Basics. Dearborn Real Estate Education. 2003. ISBN   9780793160570. Section 4.B.1 at page 42.


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