You know your Kentucky home better than anyone, be it a farmhouse, a classic colonial, or something more contemporary. This means you also know its flaws, for better or for worse. If you’re thinking about selling your home, you may be wondering how much you need to reveal on the Kentucky seller disclosure form, officially known as the Seller’s Disclosure of Property Condition. This form provides potential buyers with a better picture of your property’s condition and history, enabling them to make a more informed decision. It will also protect you from any potential legal headaches that may arise from failing to disclose an issue with the 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 Kentucky seller disclosure form, or Seller’s Disclosure of Property Condition, is a 5-page document developed by the Kentucky Real Estate Commission. 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 the property. Kentucky law requires sellers to disclose all — in other words, anything that could impact the buyer’s use or enjoyment of the property. The Seller’s Disclosure of Property Condition form acts as a guide to help you do this thoroughly. It covers everything from structural issues and past repairs to neighborhood conditions and HOA rules.What is the Kentucky seller disclosure form?
