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.

Previous Recordings

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

  1. Review "Seller's Property Disclosure"
    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

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

    https://RealEstateFinancialPlanner.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".

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

  3. Class Watch "Seller's Property Disclosure Case Studies" Recording of Live Class
  4. Receive "Seller's Property Disclosure"
    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.

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

  5. Sign "Seller's Property Disclosure" via DocuSign
    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.

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

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

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

  7. Review "Seller's Property Disclosure"
    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

  8. Bring "Seller's Property Disclosure" to inspection
    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.

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

  9. Bring "Seller's Property Disclosure" to Home Inspection
    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.

  • A a detailed outline above of what is covered above.

  1. Sponsor Read "Facebook Ads for Real Estate Agent and Lender Sponsors"
  2. Sponsor Read "100 Ways to Get a Nomad Client in the Next 12 Months"
  3. Sponsor Read "Prepare for Investor Meeting Checklist"
  4. Sponsor Read "At Investor Meeting Checklist"
  5. Sponsor Read "Before for Real Estate Agents"
  6. Sponsor Read "During for Real Estate Agents"
  7. Sponsor Read "After for Real Estate Agents"
  8. Sponsor Read "Lease Option Ad for Property Listed in MLS for Clients"
  9. Sponsor Read "Standard Process Improvement Questions"

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