Sign Disclosure Notice

How to eSign a document: texas disclosure form

I sell its disclosure in Texas when you listen to a house for sale do you have to fill one out is it mandatory and the short answer and most likely it will be yes if you've been living in your single-family home for quite some time yes you need to disclose what it is you know about that house but why is it well think about it if somebody wants to buy out a house and you spend a lot of money and they can get a loan they want to know what they're buying all right it's not going to keep you from selling a house or keep them from bond house but they want to make sure they can make adjustments for that for that price in other words if you have a house that's got $20,000 worth of repairs that needs to it and if you disclose that and you just your your your you just your price accordingly well then you're theoretically used to giving a house fair market value but if you don't disclose what needs to be repaired and you know these about 20,000 repairs and you listed at market value that could be considered fraudulent if the buyer doesn't know what they're getting into yes as their as possibility to get their home inspection and check everything out but it's also your responsibility to disclose everything about that house that she knows so both both parties have have due diligence to do on that transaction all right now we're over this form here real quick that's provided about Texas Association of Realtors and there's another one that's also provide about Texas real estate commission both are acceptable or anything very similar to that but make sure you check with your real estate professional and make sure you fill one out all the way and make sure that the party receives it all right here we go all right so this is the the sales disclosure from the Texas Association of Realtors the other one is from the attract Texas real estate commission they are both very similar either one is good the most commonly used or most real estate agents use is this one here because it ties them to their forms anyway so one more time if you look here it says section 5 points or a property code requires the seller residential property of not going you need to deliver a soldier's closure notice to a dire honor before the effective a to contract this form complies with the contains an additional disclosures which exceed the minimum disclosure requirement of code all right the property address will be here so it is not occupying the property there's going to be some times when you may have buy a property from an investor's never losing property it's going to say as it's not occupied and then I say never write or never I'll keep I right here but if they have my turn in rental then it'll be date right here the approximate date anyone so it has some different sections the first section is a section one the property has the items marked below if you have knowledge then go ahead and fill it out yes no or unknown right keep in mind this is not established two items to be conveyed of the sale so in other words if you have an outdoor grill you want to say yes but you want to keep it you still say yes and then put it in this exclusions of the outdoor will be taken away will not convey it at the sale all right so you go down here and you get the all this other information as well central AC electric gas or number of units alright so it gives you some information to fill out on these units or all these items descriptions right here again just like the listing agreement you have places for initials to the seller here and for the buy here nabob will be having to initial this before carrying on right so right here city of water provide a water water supply by through all this information now you're gonna have some people that make it say unknown and you can say how can you not know where the waters well I'm a prime example of every we've thought properties sight unseen in different areas and don't know work anything don't know anything about that property but still for when these assays put on pretty much put unknown for everything alright but that's because I don't know if I do know that I will put no all right so here are unicellular yawns listed in section one that are not more Commission so anything about peered that's not working properly because the air conditioner use not working right put it down here just just close it all right let them figure it all that up I forgot to say right here really tie page just the best information you can put here some will have a if you don't know it if you only live the property for five years in this ask for age you can easily put just five plus all right that means it's older than what you know but if you do know then make sure you put it there the rooftop is use decomposition in Texas overlay roof covering that means that they remove the sheet looks before they put the next layer on there are you where again are you wearing on section one our condition or have defects or in need of repair make sure you put that information here and if you need additional sheets go ahead fill that out section two are you where we need fixing often and the following see that these are different areas here basement students so you just put yes or no most of time is gonna be no but if there is something say you know is some foundation work needs to be done put yes look if you have a foundation issues and you got a quote what all you gonna do is put yes and down here and the yes expression goes and they right here which says answer yes go ahead and put yes foundation company came out and did quote or did a put yes and the foundation came company came out here assess it and quote is attached see that's all you got to do right but if you fixed it you know that goes in a different section right here so just go down there answer these questions just know all right okay right here is what I was talking about the foundation previous foundation repairs here in Texas it's not uncommon for these tea to be check previous foundation repairs yes previous repairs yes because we're adults pull boards we got a lot of Hill roofs will being repaired replaced all the time there's nothing wrong with these put in yes come here in the section where it says explained had a hailstorm and insurance covered roof when it was replaced said whatever data was right no big deal pre sentation repairs okay so if you had a previous foundation it's got a lifetime warranty put that in here and say lifetime warranty attached if you do have a lifetime warranty it will just repair you don't have just make sure it's prepared and included in here right just disclose everything all right you sir are you so we're even you a delivery system or on the property that is in need of repair which has not been probably previously disclosed in this notice yes or no so if you know there's something needs to be repaired but hasn't been mentioned make sure you put that here all right so are you selling it wherever you follow it if you are mark yes if you are a mark note if you are not so just go around here and read these some have information if applicable to fill out make sure you fill that out if you have that information and then initial again at the bottom of each page all right again here's going to say if you answered yes any thing in Section five fill this out and or additional Queeny okay here if you have any these our inspection report some persons who regular violence sections and either license or license as inspectors or otherwise remember by law to look for inspections yes or no if you do put that here for an example of I have an engineer's poured on a foundation I'll put it right here a date type a name inspector many pages just put it in there and make sure you can attach a copy of this all right check any tax exemptions which you select currently came for price this is why this is important you may be homesteading and ebay be disabled and you may not even be paying taxes so if they look on the county records and say well he only paying like five hundred dollars a year on copy taxes but if you have this check that well that's why because a lot of times you'll be frozen for paying taxes at a certain time it won't go up so tracks your property taxes may be misleading if you base it on what they're paying or the current county taxes are being collected for that property alright so check it out right here section I have you ever filed a claim for damage to puppy with the insurance provided yesterday this is no big deal just put yes or no all right section ten have you ever received proceeds from a claim for damage to the property and not using Royce if that goes right up here if you claim the property with insurance and you didn't use it and input put down here if no explain laga silas sell a property we're not keeping it whatever okay now just sexual eleven smoke detectors some people don't know what chapter six six six seven six six of the Health and Safety Code no I know no or yes and it's full explanation there right signature seller and printed name don't forget to print your name now so they're here that's what we prefilled out and then we kept in the documents for sending to any potential buyers the boulevards will have to read through everything and they'll have to officially acknowledge and that they've read everything all right so they can if they initial it and they read it an initial a can't come back and says we do tell me about that well it wasn't a self disclosure well you tell me what it's in the self disclosure it was disclosed all right so just make sure that you get a copy of that as well initial from the literature bar and here the current utilities most everybody's going changing this according to who they want to pay there's only I think the only the water and the sewer is going to uranium with the city but anyway you'll get that information as well from your cell all right I hope this helps you out just remember disclose disclose disclose don't get yourself in trouble the more information you put on there they can't come back on you as long as you as long as you disclose they're all right here was a trip form it's pretty much the same thing anyway I hope this helps make sure you fill this out along with your agent if you have any questions let me know send me a message and I'll be whatever can i yeah all right take care of my god bless hi my name is Jordan Rica's and I am a licensed real estate agent here your state of Texas and I hope you got some value into that video tutorial if you have any questions and are concerns by all means feel free to contact me online information should be here on this page or on my about page and send me your questions and I'll try to cover it in another video that way if somebody else has that same questions they can benefit as well also take a look around this this YouTube channel and you might already see some some questions that are your answer whether you decide use me or not you should be able to benefit from this you and anybody else that's planning on buying or selling a house I take care of god bless