Are you an Oklahoma homeowner who is looking to sell your home? If that’s the case, there’s a good chance you know your home better than anyone, flaws and all. However, when thinking about selling, you might be curious how much information about your property’s condition you need to reveal on the Oklahoma seller disclosure form, officially known as the Residential Property Condition Disclosure Statement. Disclosure forms like this are a great way to protect yourself from any potential legal hiccups that could occur as a result of failing to disclose key information about your property; however, it’s also the best way to give your buyer peace of mind about the property’s condition. These forms are also typically required by law in most states. In this post, we’ll tell you what to expect, how much detail to provide, and what could go wrong if you leave something out. We’ll also provide a downloadable Disclosure Litmus Test to help you identify any red flags.
The Oklahoma seller disclosure form, or Residential Property Condition Disclosure Statement, is a document developed by the Oklahoma Association of Realtors. It’s designed to help you disclose any known issues or facts about your home that could impact its value or a buyer’s decision to continue with the sale. Oklahoma law requires sellers to disclose all material facts — in other words, anything that could impact the buyer’s use or enjoyment of the property. The Residential Property Condition Disclosure Statement acts as a guide to help you do this as accurately as possible. It covers everything from structural issues and past repairs to neighborhood conditions and HOA rules.What is the Oklahoma seller disclosure form?
