Seller’s Property Disclosure Case Studies

In this class, I go over what Seller’s Property Disclosures are, the dates and deadlines associated with them, how and when we might object to them and then go over several examples of what you might expect to find in a Seller’s Property Disclosure.

There are two versions of this class. The most recent recording is from April 4, 2017 on Seller’s Property Disclosure Case Studies.

Previous Recordings

You can watch the recording of the previous version of this presentation as well below.

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Read through the "Seller's Property Disclosure" for the property you're considering making an offer on or after you've made the offer if the Seller failed to provide ahead of time.

Mark this task complete once you've read the "Seller's Property Disclosure".

ASAPMaking OffersPaperworkPre-Showings: Mock ContractSellers Property DisclosureUltimate Nomad ChecklistWeek 2Week 3Week 4Week 5Week 6Week 7Week 8Week 9

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Complete the "Contract To Close: Seller's Property Disclosure" checklist:

https://LearnToBeRich.com/sellers-property-disclosure/

Since the "Seller's Property Disclosure" is often provided even before we write the offer, it is not uncommon that we use "Completed" for the date of this deadline. However, if we have not received the "Seller's Property Disclosure" prior to writing the offer, we often use "MEC + 3 Days" so that you can ideally get a copy of the "Seller's Property Disclosure" prior to your inspection.

This is especially important since there is not an objection for the "Seller's Property Disclosure"; you'd need to object based on your inspection if you found something at the property that you learned about via the "Seller's Property Disclosure".

Mark this task as complete when done.

Contract Deadline: Seller's Property Disclosure DeadlineContract To CloseContract To Close: Seller's Property DisclosureSellers Property DisclosureUltimate Nomad ChecklistWeek 13

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Watch the recording of the live presentation of "Seller's Property Disclosure Case Studies" available on:

https://LearnToBeRich.com/spd-case-studies/

Mark this task as complete once you've watched it.

ASAPClassesContract To Close: Seller's Property DisclosureGet Your First Deal DoneMaking OffersPaperworkSellers Property DisclosureUltimate Nomad ChecklistWeek 13

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Receive a copy of the "Seller's Property Disclosure" from the Seller.

Typically we will send it over either with the offer or as soon as we receive it via DocuSign so you can sign it.

Mark this task as complete when done.

Contract Deadline: Seller's Property Disclosure DeadlinePaperworkSellers Property DisclosureUltimate Nomad ChecklistWeek 13

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Initial each page and sign the "Seller's Property Disclosure" acknowledging that you received it when your Real Estate Broker sends it over via DocuSign.

Mark this task as complete when done.

Contract Deadline: Seller's Property Disclosure DeadlinePaperworkSellers Property DisclosureUltimate Nomad ChecklistWeek 13

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Save a copy of the "Seller's Property Disclosure" to your property folder in Dropbox.

Mark this task as complete when done.

Contract Deadline: Seller's Property Disclosure DeadlinePaperworkSellers Property DisclosureUltimate Nomad ChecklistWeek 13

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Read through the "Seller's Property Disclosure" for the property you're under contract on.

You can't object specifically to the "Seller's Property Disclosure". If you want to object, it would probably be an objection under the property inspection provided you kept that objection in your "Contract to Buy and Sell Real Estate" when you negotiated your offer.

Mark this task complete once you've read the "Seller's Property Disclosure".

Contract Deadline: Seller's Property Disclosure DeadlinePaperworkSellers Property DisclosureUltimate Nomad ChecklistWeek 13

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You'll want to bring a printed copy of the "Seller's Property Disclosure" to your inspection so that you and your inspector can look closer at any items that you have questions about.

Mark this task as complete when done.

Contract Deadline: Seller's Property Disclosure DeadlinePaperworkSellers Property DisclosureUltimate Nomad ChecklistWeek 13

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Bring a copy of the "Seller's Property Disclosure" to Home Inspection so you can use it to look closer at any items you have questions about with your Home Inspector during the inspection.

Mark this task complete once you finished the Home Inspection.

Contract Deadline: Inspection Objection DeadlineInspectionSellers Property DisclosureUltimate Nomad ChecklistWeek 61Week 9

Improvements

The following are improvements I plan to make to this page based on some of my Standard Process Improvement Questions.

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