Seller’s Property Disclosure
A state-specific disclosure describing known material defects, hazards, and prior repairs. Many states mandate specific language and timelines for delivery to the buyer; omissions can trigger statutory remedies.
A well-prepared sellers packet clarifies condition and title, supports lender and title company requirements, and shortens closing timelines. It helps avoid recording defects, tax reporting errors, and buyer disputes by documenting disclosures, signatures, and required acknowledgements.
Each party has distinct responsibilities; clarity about who supplies which item avoids last-minute delays at closing.
A state-specific disclosure describing known material defects, hazards, and prior repairs. Many states mandate specific language and timelines for delivery to the buyer; omissions can trigger statutory remedies.
The grant deed, warranty deed, or quitclaim deed conveying title. Must include precise legal description, correct grantor/grantee names, and appropriate signing and notarization for recording.
Affidavit of non-foreign status, no-encumbrance statements, or other attestations required by buyer or title. These statements support title insurance and tax withholding determinations.
A HUD-1 or ALTA-style settlement statement showing payoffs, prorations, commissions, taxes, and net seller proceeds. Lenders and escrow agents rely on this for final accounting.
Forms such as a completed W-9 for seller TIN reporting and additional local tax forms. Accurate TINs and checkboxes prevent backup withholding and filing penalties.
Association resale certificates, leases, and estoppel letters. These disclosures and agreements can impose obligations or restrict transferability and must be included when applicable.
Provide a completed W-9 when requested by the closing agent or payer; no fixed statutory filing date for the requester.
Issue recipient and IRS copies by Jan 31 for nonemployee compensation reporting.
Recipient copies by Jan 31; IRS paper by Feb 28, electronic by Mar 31.
Form 1040 due April 15 (Oct 15 extension available with Form 4868).
Record deed promptly after closing; county practices vary, and delays can affect priority and tax proration.
Escrow receives contract and initial deposit; title search begins.
Buyers complete inspections, loan approval, and any negotiated repairs.
Seller signs deed and closing documents; funds are disbursed.
County records the deed and returns recorded documents to parties.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | Varies by plan | Varies by plan |
Tim Martin, Founder, Martin Properties: The interface is simple and easy-to-use for our team.
Brian Fitzgibbons, COO, Optica Ventures LLC: The interface is simple and easy-to-use for our team.
Tim Martin uses structured electronic packets to manage residential and investment property closings. His workflow emphasizes mobile execution, complete audit trails, and consistent seller signatures to reduce manual follow-up and recording delays.
Brian manages document workflows for a real estate investment firm and relies on standardized sellers packets, title coordination, and template-driven affidavits to scale closings and minimize title exceptions across portfolios.