You know your North Carolina home better than anyone, which means you know every nook and cranny. If you’re making plans to sell, you may be wondering how much you need to reveal on the North Carolina seller disclosure form, officially known as the Residential Property and Owners’ Association Disclosure Statement. This form provides potential buyers with a more accurate picture of your property’s condition and history, enabling them to make a more informed decision about the property. Additionally, it can also protect you in the event of any legal disputes that may occur from failing to disclose key information about your property. 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 North Carolina seller disclosure form, or Residential Property and Owners’ Association Disclosure Statement, is a document developed by the North Carolina 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 purchase a property. North Carolina 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 and Owners’ Association Disclosure Statement form serves as a guide to help you complete this process thoroughly. It covers everything from structural issues and past repairs to neighborhood conditions and HOA rules.What is the North Carolina seller disclosure form?
