Title: What Are The Seller Disclosure Requirements in Texas? -
Headings: What Are The Seller Disclosure Requirements in Texas?
What Are The Seller Disclosure Requirements in Texas?
Table of Contents
Here are the Seller Disclosure Requirements in Texas that you should be aware of:
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Federal Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards
Seller Disclosure Notice
The following information that a seller is required to disclose as part of Texas’ Seller Disclosure Requirements are:
The following information that a seller isn’t required to disclose as part of Texas’ Seller Disclosure Requirements are:
Fire Alarm Installation Certificate
Selling A Home in Texas
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Federal Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards
As required by Federal Law, a seller in Texas, whose home was constructed before 1978 shall provide an Addendum For Seller’s Disclosure of Information on Lead-based Paint and Lead-based Paint Hazard As Required by Federal Law. It is a seller’s duty to notify interested buyers that lead may possibly exist in the residential dwelling. The risk of lead poisoning to children and pregnant women is extremely high therefore, the need for this addendum. Furthermore, providing information on lead-based paint and lead-based paint hazards will help the potential buyer further assess their interest with the residential real estate property. Aside from that, this law also gives the buyer the right to conduct a lead-based paint inspection in a span of 10 days. This will give the buyer enough time to come to a concrete decision before becoming obligated under the contract however, this addendum is not required for homes built on and later than 1978. Seller Disclosure Notice
In line with Section 5.008 of the Texas Property Code, disclosing any defects and/or damages in a Seller Disclosure Notice that the seller is aware of is part of real estate transactions. This also helps both parties proceed with caution and avoid any kind of law enforcement throughout the entire real estate transaction. In Texas, there are two Seller Disclosure Notice you can use and are readily available to the public online.