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People also ask
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What is a square footage disclosure Colorado?
It requires the listing licensee to disclose the square footage of the floor space of the living area of the residence to the buyer and seller when a licensee disseminates such information, including submission to a multiple listing service. -
What's the purpose of the square footage disclosure in Colorado?
Square footage disclosure is used to properly report the square footage of a house. It is often a signNow issue. Whether square footage is used for the purpose of marketing a house (i.e., including this info in the MLS listing or in an advertisement) or is of concern to a buyer, accuracy is essential. -
Is square footage disclosure required in Colorado?
In every residential sales transaction, a Square Footage Disclosure form is required to be completed and signed by both the Seller and Buyer. -
What do you legally have to disclose when selling a house in Colorado?
As to the vacant land disclosure, a seller must disclose information regarding the use and access, water and sewer, environmental conditions, noxious weeds, and violations of law. Both forms contain warnings to the seller that the completion of the form has important legal consequences. -
What counts as square footage in Colorado?
The Colorado Square Footage Form contains the disclosure below: The first section of the form indicates whether or not the listing agent measured the home and what methodology was used. Exterior measurement simply means measuring the outside walls, which means square footage actually includes the width of the wall. -
Is a property disclosure statement required in Colorado?
Colorado Seller's Property Disclosure Form—Disclosure Requirements. When you sell a home in Colorado, you need to make disclosures under the terms of the Seller's Property Disclosure statement.
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