About the Seller’s Property Disclosure Statement Addendum
An initial disclosure should be made by the seller prior to the signing of an Agreement. However, the seller’s duty to disclose material defects continues until the date of settlement, even if the property is under contract. The Seller’s Property Disclosure Statement Addendum (Form SDA) can be used to make additional disclosures.
Using the Seller’s Property Disclosure Statement Addendum
If the seller learns of a material defect during the transaction, or needs additional space to explain answers on the Seller’s Property Disclosure Statement (Form SPD), complete this form as necessary and provide it to the buyer.
Latest Content
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Seller Disclosures Unmasked: The Spooky Truth Behind What You Need to Share
- October 25, 2024
- 4 min. read
Seller’s Disclosure Law is all about making sure no one gets tricked by unexpected “treats” in their new home. However, there are several instances where a seller does not have to disclose certain information.
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What Happens When a Licensee is a Party to a Contract?
- June 14, 2024
- 6 min. read
Many Realtors® buy, sell and lease property in transactions where they’re the actual party to the contract. There are a few extra disclosure rules that apply to those transactions that you need to be aware of, and you’ll find them in different places.
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Sellers’ Duties With Inspection Reports
- March 8, 2024
- 4 min. read
There are several questions about sellers’ duties or responsibilities to review inspection reports when there is a new buyer. Let’s clear a few things up.
