Comments on: Real Estate Purchase Contracts http://floridarebaterealty.com/blog/real-estate/real-estate-purchase-contracts/ Register to Post Your Real Estate and Mortgage Related Comments, Questions & Experiences. Fri, 06 Jul 2007 09:33:42 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Brian http://floridarebaterealty.com/blog/real-estate/real-estate-purchase-contracts/#comment-4 Brian Mon, 02 Jul 2007 21:14:28 +0000 http://floridarebaterealty.com/blog/?p=14#comment-4 <p>What's the purpose of a Seller Disclosure form?</p> Brian, The purpose for a buyer is to ascertain the condition of the property including past and present defects/repairs and assess the effect on the value of the home. From a seller perspective they should be sure to be honest and disclose all known material defects and repairs. Withholding such information leaves a seller liable if there are problems with the property related to such an omission. What’s the purpose of a Seller Disclosure form?

Brian,
The purpose for a buyer is to ascertain the condition of the property including past and present defects/repairs and assess the effect on the value of the home. From a seller perspective they should be sure to be honest and disclose all known material defects and repairs. Withholding such information leaves a seller liable if there are problems with the property related to such an omission.

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