This form is a Seller's Disclosure Statement for use in a residential sales transaction in Kansas. This disclosure statement concerns the condition of property and is completed by the Seller.

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Music hey guys its Jason along with Jenn company real estate experts here in Kansas City thanks for tuning in today I want to cover the exciting topic of disclosures in real estate so what exactly it has to be disclosed when selling a home seller have the legal obligation to disclose any material defects in the home to potential buyers but how far does that obligation go on one hand the sellers want to minimize the amount of negative defects that they have to disclose in their home while on the other hand buyers want to know exactly what they're buying, so they can estimate potential repair costs and negotiate that and the purchase price accordingly so whether you're buying or selling issues a good idea to understand the basics of disclosures in real estate now disclosures are going to vary from state to state county to county and city to city, but the general rule is that seller is only required to disclose any defects that they have personal knowledge up so in other words you don't need to hire inspector to thoroughly inspect the house and point out things that you didn't have any knowledge of now some typical of disclosure items are water damage or mold termite damage leaks in the roof cracks in your foundation or concrete floor any issues with appliances HVAC you're plumbing our electrical systems any environmental issues which could be earthquake fault lines flood zones or even frequent wildfires, and lastly I want to talk about the lead based paint disclosure that's anyhow it was built before 1978 you have to disclose to the buyer that there potentially could be lead-based paint in the house, so they have a right to get that assessed by a professional that works with lead-based paint, or they can waive the right to assessment of that issue so one thing we always say is when in doubt disclose disclose disclose so if you don't know if you have to question if something needs to be disclosed definitely running in and disclose it because that's going to alleviate any future legal claims, and it's also going to give the buyer confidence when writing it all from the to get you a better value thanks for tuning in today give us Jason so long if you have any questions or comments I would love to hear them and if you're looking to buy or sell we would love to hear from you so just give us a call or shoot us an email, and we can chat thanks and have a great day Music
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