You know your Delaware home better than anyone, flaws and all. If you’re making plans to sell, you might be curious how much you need to reveal on the Delaware seller disclosure form, officially known as the Seller’s Disclosure of Real Property Condition Report. This form provides potential buyers with a clearer picture of your property’s condition and history, enabling them to make a more informed decision. Additionally, it can also protect you in the event of potential legal action that could arise from failing to disclose issues 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 Delaware seller disclosure form, or Seller’s Disclosure of Real Property Condition Report, is a document developed by the Delaware 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 proceed. Delaware 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 Seller’s Disclosure of Real Property Condition Report 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 Delaware seller disclosure form?
