Seller`s Disclosure Statement – Although it is not necessary, the seller of a property may provide the buyer with a statement describing the condition of the property. Mold (§ 70-16-703) – When selling a home, confectioners must provide the following information about mold: buyer attention / reservation received. Montana law does not require the seller to give guarantees of ownership unless they experience a problem that could harm the health or safety of the buyer. However, if the property is sold by a broker, the broker is required to disclose to a buyer all the harmful facts. (§ 37-51-313) The contract must be signed by both buyer and seller and each part of the contract must contain the initials of both parties. Newly constructed housing (§ 28-2-2202) – This disclosure only applies to real estate that is never inhabited, and invites sellers/developers to provide the buyer with relevant documents for all inspections/tests carried out by the general contractor. An explicit warranty with the minimum expiry date of one year must also be provided to the future owner when concluding a contract. Real estate purchase contracts usually include promises and provisions that guarantee the condition, safety and/or value of a property. In most states, sellers must present a contract of sale at the same time as documents guaranteeing the condition of the property. However, Montana law defines the buyer`s liability to determine if there are any problems with the property. This is known as: This document is filled out when individuals want to buy or sell real estate without a broker. The contract is used in the state of West Virginia.
The concluded and signed contract is kept by both the buyer and the seller for personal registration. The contract is signed in two copies, one for each party. Radon (§ 75-3-606) – The related disclosure statement in the title should be included in the content of the sales contract and acknowledged by the buyer. If the building for sale has been checked for radioactive gas, the seller is also obliged to present the results of the investigation to the buyer. Information required for real estate agents….